Category Archives: Real Estate Law

Topics that are of interest to the real estate community, with an emphasis on commercial, industrial, or multi-dwelling units.

Housing Starts in U.S. Fall in March

Laura Kusisto and Ben Leubsdorf reported this week at The Wall Street Journal Online that, “U.S. housing starts declined in March, but not enough to signal a reversal from the long-term trend of improvement in new home construction. “Starts decreased 6.8% to a seasonally adjusted annual rate of 1.215 million from a month earlier, the… Continue Reading

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Home Prices on the Rise

Wall Street Journal writer Laura Kusisto reported this week that, “U.S. home prices rose in January at their fastest rate since mid-2014, a trend that bodes well for sellers but could start to eat into demand as buyers get priced out of the market. “The S&P CoreLogic Case-Shiller Indices, which cover the entire nation, rose 5.9%… Continue Reading

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Commercial Real Estate Expensive, But Some Investors See Opportunity

Bloomberg writer Wes Goodman reported on Monday that, “Federal Reserve officials say U.S. commercial real estate is expensive. That isn’t stopping the world’s biggest money manager from saying it’s time to buy. “BlackRock Inc. says property can deliver average yields of 3.5 percent, compared with 3.4 percent for U.S. investment-grade bonds and the S&P 500 Index’s… Continue Reading

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Mortgage Rates Jump Ahead of Federal Reserve Meeting

Bloomberg writer Prashant Gopal reported yesterday that, “U.S. mortgage rates rose, sending costs for 30-year home loans to their highest level this year before the Federal Reserve meets to consider an increase in its benchmark interest rate. “The average rate for a 30-year fixed mortgage was 4.21 percent, up from 4.1 percent last week, Freddie Mac… Continue Reading

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U.S. Mortgage Rates Edge Up Slightly

The Associated Press reported today that, “Long-term U.S. mortgage rates rose slightly this week, continuing a holding pattern that has prevailed this month. “Mortgage buyer Freddie Mac said Thursday that the rate on 30-year, fixed-rate loans edged up to 4.16 percent from 4.15 percent last week. The benchmark rate stood at 3.62 percent a year… Continue Reading

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Homeownership Rate Declines

Wall Street Journal writer Laura Kusisto reported on Tuesday that, “The U.S. homeownership rate fell in the fourth quarter, frustrating the efforts of policy makers trying to embolden more Americans to buy their own homes as the economy strengthens. “The share of Americans who own their homes declined to 63.7% in the fourth quarter from 63.8%… Continue Reading

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Report, Home Price Growth Not Slowing

Wall Street Journal writer Laura Kusisto reported on Tuesday that, “Home prices climbed strongly in November, as price growth showed no signs of slowing even after mortgage rates began to tick up during the month. “The S&P CoreLogic Case-Shiller Indices, covering the entire nation rose 5.6% in the 12 months ended in November, up slightly… Continue Reading

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Pending-Home Sales Rebound Last Month, Despite a Recent Jump in Mortgage Rates

Bloomberg writer Austin Weinstein reported on Tuesday that, “Contracts to buy previously owned U.S. homes rebounded last month as buyers adjusted to the recent jump in mortgage rates, according to figures released Monday from the National Association of Realtors in Washington. “The increase in contract signings follows a post-election jump in borrowing costs that pushed down… Continue Reading

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Home Mortgage Demand Down in Fourth Quarter

Annamaria Andriotis reported last week at The Wall Street Journal Online that, “Demand for mortgages fell substantially during the last three months of 2016 after rates spiked by more than half a percentage point in the wake of Donald Trump’s election. Total mortgage applications dropped 21% from the third quarter, led by demand for refinances… Continue Reading

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Online Ag Real Estate Websites Not a Perfect Substitute for Human Appraisal

DTN Executive Editor Marcia Taylor reported last week that, “Online ag real estate websites like AccuAcre.com, AcreValue.com and WhatsMyFarmWorth.com are making headway with farmland valuations, but they are not yet perfect replacements for human appraisers. I tried to make that point in a recent article on these ‘Zillow-like’ websites for agriculture (‘Ag’s Real Estate Robots Gain… Continue Reading

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