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 Climbs, But Remains Historically Low

Wall Street Journal writer Josh Mitchell reported late last week that, “The U.S. homeownership rate continues to climb, with more Americans benefiting from the sharp rise in home values in recent years. “The downside: Homeownership remains historically low. It has risen tepidly this year despite strong economic growth. “The share of homes in which at least… Continue Reading

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New Home Sales Fall in June, But Above Last Year

A news release from the Census Bureau on Wednesday stated that, “Sales of new single-family houses in June 2018 were at a seasonally adjusted annual rate of 631,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 5.3 percent below the revised May… Continue Reading

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Home Sales Slumped in the Second Quarter

Laura Kusisto and Sharon Nunn reported on the front page of today’s Wall Street Journal that, “Home sales slumped in the second quarter despite what was likely the strongest period for U.S. growth in years, the latest sign that the economic expansion faces headwinds. “Existing-home sales slipped 0.6% in June from the previous month to a… Continue Reading

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Home Ownership: Wall Street Investors Betting That Well-to-Do Families Increasingly Willing to Rent

Wall Street Journal writers Ryan Dezember and Laura Kusisto reported this week that, “Wall Street is betting that more well-off Americans will want to be renters. “Financiers who loaded up on homes after the housing bust for pennies on the dollar are buying yet more—despite home prices in many markets being at all-time highs. “Their wager: High… Continue Reading

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HomeFundMe, Among Growing Services to Help Borrowers Buy Homes

Christina Rexrode and Laura Kusisto reported late last week at The Wall Street Journal Online that, “Reese and Kyle Rademacher weren’t sure how they would afford a down payment to buy a home until their real-estate agent mentioned an offbeat idea: crowdfund the money from friends and family. “Mrs. Rademacher, a 28-year-old construction technician, set up… Continue Reading

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Case-Shiller Home Price Index Rose 6.4% in April

Wall Street Journal writer Laura Kusisto reported this week that, “Home-price gains moderated edged lower slightly in April, a sign that rising mortgage rates may be putting slight downward pressure on what consumers are able and willing to pay for homes. “The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major… Continue Reading

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Single-Family Home Sales Up in May

A news release yesterday from the U.S. Census Bureau indicated that, “Sales of new single-family houses in May 2018 were at a seasonally adjusted annual rate of 689,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 6.7 percent above the revised April… Continue Reading

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Monthly New Residential Construction, May 2018

A news release yesterday from the Census Bureau stated that, “Privately-owned housing units authorized by building permits in May were at a seasonally adjusted annual rate of 1,301,000. This is 4.6 percent below the revised April rate of 1,364,000, but is 8.0 percent above the May 2017 rate of 1,205,000. Single-family authorizations in May were… Continue Reading

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Shared Equity: New Home Buyers Seeking Outside Investors For Down Payment Assistance

Tara Siegel Bernard reported earlier this month at The New York Times Online that, “For aspiring homeowners, coming up with a healthy down payment has long been the biggest obstacle to owning a home. “With property values soaring in many areas — median prices in San Jose, Calif., and Denver are 60 percent above their… Continue Reading

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Existing Home Sales Fell in April

Laura Kusisto and Sarah Chaney reported last week at The Wall Street Journal Online that, “Sales of previously owned U.S. homes declined in April, as inventory shortages and rising prices weigh on the market and higher mortgage rates begin to pose a threat to demand for the first time in years. “Existing-home sales fell 2.5%… Continue Reading

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