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.

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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Opendoor, a Model For a New Kind of Tech Upstart: The Fat Start-Up

Farhad Manjoo noted recently at The New York Times Online that, “In 2003, Keith Rabois, a longtime Silicon Valley investor and executive, had an ambitious idea: He wanted to start a website that would instantly offer a fair price for your home. If you accepted the offer, the site would agree to buy your house… Continue Reading

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Tips to Consider When Working Toward a Down Payment on a Home

Associated Press writer Alex Veiga reported yesterday that, “Saving up for a down payment is the biggest hurdle for many would-be homebuyers, particularly those looking to make the leap from renting to owning. “More than two-thirds of renters consider setting aside money for a down payment the No. 1 obstacle to buying a home, according to… Continue Reading

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Affordable Housing Scarcity Puts Pressure on Friendlier Laws for Builders

Peter Grant reported on Tuesday at The Wall Street Journal Online that, “The real-estate industry is having increasing success in using the scarcity of affordable housing in the U.S. to convince lawmakers to give builders more legal protection. “Colorado Gov. John Hickenlooper last week signed a measure making it harder for condominium associations to sue… Continue Reading

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Retail Real Estate Continues to Slide

Adam Samson reported earlier this week at The Financial Times Online that, “Shares in companies that own and manage US shopping malls and other retail properties dropped on Tuesday, the fourth-straight decline, amid mounting anxiety over disappointing sales at department stores and clothing retailers. “The S&P 500 retail real estate investment trust index dropped 1.9… Continue Reading

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Drop In 30-Year Fixed-Rate Mortgage Could Encourage Home Buyers

Laura Kusisto reported this week at The Wall Street Journal Online that, “Mortgage rates dropped below 4% for the first time since November, providing more kindling to an already hot housing market as the crucial spring selling season gets under way. “The average rate on a 30-year fixed-rate mortgage dropped to 3.97% for the week… Continue Reading

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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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