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.

Home Buyers, Often Millennials, Are Looking Farther Away for Affordable Housing

Wall Street Journal writer Laura Kusisto reported recently that, “The exurbs, the engine of the American housing market, are back. “A decade ago, the sight of new homes under construction in Maricopa, an enclave of tidy cul-de-sacs 35 miles from downtown Phoenix, was almost unimaginable. Four in five homeowners were underwater, with their outstanding mortgages… Continue Reading

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House Flipping is Back

Wall Street Journal writer Laura Kusisto reported earlier this week that, “House flipping is back to nearly the same level it was around the 2006 peak of the housing boom, when it became a symbol of the rampant speculation that soared before the bubble burst. “But a new analysis from CoreLogic Inc. suggests most of… Continue Reading

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Lower Rates Increase Mortgage Applications- Mixed Bag for Banks

Wall Street Journal writer Aaron Back reported earlier this week that, “For banks, slowdown fears come with a silver lining. Sharply lower lending rates typically spur a surge in profitable mortgage originations as existing or aspiring homeowners pounce. This lining loses some of its luster every time storm clouds gather, though. “Interest rates have plummeted… Continue Reading

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A Shift Toward Buyers Bodes Well for Higher Home Sales Activity

Earlier this week, Wall Street Journal writer Laura Kusisto reported that, “The spring home-buying season is shaping up as the best in years, offering new opportunities after last year’s tough housing market drove away many would-be buyers. “A number of economic factors that slowed sales in 2018 have eased or even reversed in recent weeks…. Continue Reading

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The 4% Mortgage Is Back

Last week, Wall Street Journal writer Ben Eisen reported that, “Mortgage rates are fast approaching 4%, a rate low enough that economists and lenders believe it will help jump-start the housing market again. “The average rate on a 30-year fixed mortgage fell to 4.06% this week, its lowest since January 2018, according to data released… Continue Reading

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Existing Home Sales Rose 11.8% in February from the Prior Month

Last week, Wall Street Journal writer Laura Kusisto reported that, “Sales of previously owned homes posted their largest monthly gain since 2015 in February, a sign that lower mortgage rates and more attractive prices are helping to lure buyers back to the market just in time for the critical spring selling season. “Existing home sales… Continue Reading

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Some Real-Estate Startups Are Adjusting Their Business Models

Wall Street Journal writers Konrad Putzier and Eliot Brown reported last week that, “Five months after the co-working firm Bond Collective signed a 42,000-square-foot lease in a Brooklyn office building, the property’s owners flipped it for a hefty profit. “‘Hey, we can essentially do the same thing,’ Bond Collective founder Shlomo Silber recalled thinking after… Continue Reading

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Sales of Mortgage-Servicing Rights Jumped in 2018

Wall Street Journal writer Ben Eisen reported last week that, “The mortgage-market slowdown is stirring up interest in a humdrum segment of American home lending: the rights to the arcane task of handling monthly payments. “Sales of so-called mortgage-servicing rights jumped 14% in 2018 from a year earlier, according to industry research group Inside Mortgage… Continue Reading

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Home Sales Tumbled in December

Wall Street Journal writers Laura Kusisto and Sarah Chaney reported earlier this week that, “Home sales tumbled in December to their weakest level since 2015, ending a difficult year at a new low and offering fresh evidence that the housing market could be in for a bumpy ride in 2019. “Some of the same forces that… Continue Reading

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Mortgage Rates Fall, Offering Potential Boost to Housing Market

Wall Street Journal writers Ben Eisen and Laura Kusisto reported last week that, “Mortgage rates have fallen to around their lowest levels in eight months, offering a potential boost to the housing market after a rough patch in recent months. “The average rate for a 30-year fixed mortgage fell to 4.51%, matching the lowest level since… Continue Reading

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