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.

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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A Look at Inflation Adjusted Home Prices

Steven Russolillo reported in Tuesday’s Wall Street Journal that, “By one measure, the housing market’s lost decade is finally a thing of the past. In real terms, it is far from over. “U.S. home values in September topped their previous peak from a decade ago, according to the S&P/Case-Shiller 20-City Home Price Index. New data… Continue Reading

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“House Flipping” is Back

Kirsten Grind and Peter Rudegeair reported in Thursday’s Wall Street Journal that, “House flipping, a potent symbol of the real-estate market’s excess in the run-up to the financial crisis, is once again becoming hot, fueled by a combination of skyrocketing home prices, venture-backed startups and Wall Street cash. “After nearly being felled by real-estate forays… Continue Reading

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