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.

Homeownership Rate Up in Third Quarter

Wall Street Journal writer Laura Kusisto reported on Tuesday that, “The homeownership rate inched up in the last several months to the highest level since 2014, as more households are finding a way to buy homes despite limited supply and rising prices. “The homeownership rate climbed to 63.9% in the third quarter, up from 63.7%… Continue Reading

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More Homeowners Choose to Stay Where They Are and Renovate

Laura Kusisto and Christina Rexrode reported yesterday at The Wall Street Journal Online that, “Despite rising home prices and a growing economy, U.S. homeowners’ mobility rate is stuck at a 30-year low as many opt to stay put rather than move to pursue job opportunities or trade up for more space. “The median duration of… Continue Reading

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Commercial Property Transactions Slow

Esther Fung reported yesterday at The Wall Street Journal Online that, “Big U.S. real-estate companies have been selling assets at a slower pace this year, as the gap widens between their views on what their properties are worth and buyers’ willingness to pay high prices. “After an eight-year bull run for commercial real estate, some… Continue Reading

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Rate of New Home Construction Fell in September

Associated Press writer Martin Crutsinger reported today that, “Construction of new homes fell 4.7 percent in September, the biggest decline in six months, reflecting weakness in both single-family activity and apartment building. “The September result left construction at a seasonally adjusted annual rate of 1.13 million units, the Commerce Department reported Wednesday. It was the… Continue Reading

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Single-Family Housing Starts Edge Higher in August

Laura Kusisto and Ben Leubsdorf reported this week at The Wall Street Journal Online that, “U.S. single-family housing starts continued to edge higher in August, in what could be the last snapshot of the market’s health before the cleanup from major hurricanes begins to skew construction activity. “Overall housing starts slipped 0.8% in August from… Continue Reading

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July Sees a Decline in Home Sales

Laura Kusisto reported today at The Wall Street Journal Online that, “Sales of previously owned homes fell in July to their weakest level this year, as a shortage of homes for sale weighs more heavily on the market. “Existing home sales fell 1.3% to a seasonally adjusted annual rate of 5.44 million, the National Association… Continue Reading

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Mortgage Lenders Make Changes to Encourage Home Ownership

Andrew Khouri reported on Friday at the Los Angeles Times Online that, “Home prices are rising across the country and mortgage rates, though still historically low, are up since the presidential election. “Simply put, buying a home isn’t easy, especially in high-cost metropolitan areas such as Los Angeles County, where the median price of a… Continue Reading

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Due to Low Inventory, Many Homeowners Are Renovating Instead of Trading Up

Wall Street Journal writers Laura Kusisto and Sarah Chaney reported recently that, “A shortage of new single-family homes across the U.S. is pushing up prices and locking many buyers out of the market. The silver lining: a boom in renovations of existing homes. “Americans are expected to pour a record $316 billion into home remodeling this year,… Continue Reading

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Sales of Previously Owned U.S. Homes Fell in June

Laura Kusisto and Sarah Chaney reported yesterday at The Wall Street Journal Online that, “Sales of previously owned U.S. homes fell in June and prices jumped as strong demand overwhelmed a pinched supply of available homes.”Existing home sales fell 1.8% in June from the previous month to a seasonally adjusted annual rate of 5.52 million, the… Continue Reading

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First-Time Home Buyers Display Growing Interest in Purchases

Laura Kusisto reported on Friday at The Wall Street Journal Online that, “Prospective first-time home buyers are showing more interest in making purchases, despite rising prices and growing anxiety over affordability. “Google searches related to buying a first home jumped 11 percentage points to 44% of all home buying-related search activity in 2017 compared with… Continue Reading

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