by Gary Wilson | Jul 26, 2017 | Real Estate News
Prices for Manhattan real estate hit a new all-time high in the second quarter, with apartments now selling for an average of $2.19 million. The total number of sales jumped 15 percent compared with last year. Douglas Elliman Real Estate and Miller Samuel Real Estate...
by Gary Wilson | Jul 26, 2017 | Real Estate News
Total mortgage application volume increased 1.4 percent from the previous week, according to the Mortgage Bankers Association. Application volume is 26 percent below the same week one year ago when rates were lower. The math doesn’t exactly make sense, but...
by Gary Wilson | Jul 17, 2017 | Real Estate News
President Donald Trump’s budget appears to reverse calls to the wind-down Fannie Mae and Freddie Mac. The two government-sponsored enterprises have undergone major changes since the financial crisis. Analyst Dick Bove believes the two agencies could be merged...
by Gary Wilson | Jul 10, 2017 | Real Estate News
High housing costs in urban areas are undermining emergency savings, according to a recently released survey by non-profit Neighbor Works America. Thirty-two percent of those surveyed living in urban areas have no emergency savings at all, and 31 percent are “not too...
by Gary Wilson | Jun 27, 2017 | Real Estate News
Most millennials dream of becoming homeowners one day. But a recent report shows that a majority of them haven’t saved anywhere near the amount necessary for a down payment, putting their homeownership dreams far into the future—and possibly out of reach. About...
by Gary Wilson | Jun 19, 2017 | Real Estate News
If the U.S. economy is to hit escape velocity in 2017, you can expect the real estate sector to serve as its rocket fuel. At its most broadly defined, housing can be counted on to compose 15% of GDP. It hasn’t done that much heavy lifting lately, however....
