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.

Mortgage Rates Increase, Cost of borrowing, highest in Over Seven Years

Wall Street Journal writers  Laura Kusisto and Christina Rexrode reported last week that, “Mortgage rates hit their highest level in more than seven years this week at nearly 5%, a level that could deter many home buyers and represents another setback for the slumping housing market. “The average rate for a 30-year fixed-rate mortgage rose… Continue Reading

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More First-Time Homebuyers are Entering the Market

A recent report from Genworth indicated that, “First-time homebuyers should continue to play an important role in the housing market. While the first-time homebuyer market has grown by close to 40 percent since 2014, there are still 2.7 million missing first-time homebuyers. They represent vast, largely untapped opportunities for the housing industry over the coming years…. Continue Reading

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New Monthly Residential Construction Update, July 2018

An update today from the Census Bureau stated that, “Privately-owned housing units authorized by building permits in July were at a seasonally adjusted annual rate of 1,311,000. This is 1.5 percent above the revised June rate of 1,292,000 and is 4.2 percent above the July 2017 rate of 1,258,000.” “Privately-owned housing starts in July were at… Continue Reading

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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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