Tag: Real Estate

New-Home Sales Drop 10.9% in Sept.

Rising mortgage rates approaching 7% along with declining builder sentiment stemming from stubbornly high construction costs and weakening consumer demand pushed new-home sales down at a double-digit rate in September. Following a brief uptick in August, sales of newly built, single-family homes in September fell 10.9% to a 603,000 seasonally adjusted annual rate, according to…
Read more

FHA Proposal: More Manufactured Home Loans

The Federal Housing Administration (FHA) proposed a rule in the Federal Register that will increase and index loan limits under its Title I Manufactured Home Loan Program. The program insures loans used to finance manufactured homes that are titled as personal property. FHA proposes a “data-driven methodology to calculate loan limits for the program on…
Read more

Real Estate ‘Reset’ Confuses Buyers and Sellers

The Federal Reserve’s interest rate hikes may be intended to give the housing industry a “reset,” as chair Jerome Powell wanted, but it also may have further confused homebuyers and sellers on what to do next. Average 30-year fixed mortgage interest rates have spiked from 3.2% to 6.38% over the past six months, tightening supply…
Read more

¿Qué hacer si un colombiano fallece y ha invertido en bienes en EE. UU.?

Con el cambio político y la actual situación del país, cada vez más colombianos invierten o quieren invertir en Estados Unidos y aprovechar, entre otras cosas, factores como la disparada del dólar o la creciente demanda de activos refugio en los diferentes mercados estadounidenses. No obstante, en muchas ocasiones se arriesgan sin conocer cómo funciona…
Read more

Tips to Take Your Real Estate Team to Next Level

A growing number of agents are forming real estate teams to secure more deals, share resources, and potentially earn more commission. Successful teams engage in frequent communications with upper management. For instance, sales and metrics meetings should be conducted as four smaller weekly meetings, during which wins should be recognized to raise morale. Companies should…
Read more

¿Qué hacer si un colombiano fallece y ha invertido en bienes en EE. UU.?

Según la National Association of Realtors (NAR), Colombia fue el décimo país con más participación de compras de bienes raíces en Estados Unidos por parte de ciudadanos extranjeros en el 2021. Para hacer este tipo de negocios, es muy importante tener en cuenta distintos aspectos jurídicos, para que el activo no se vuelva un dolor…
Read more

Lawmakers Back Insurer Ratings Proposal

With one lawmaker likening Florida’s troubled property-insurance market to a “mountain tumbling,” a legislative panel last week approved a proposal to spend $1.5 million to look at alternatives for insurers to get adequate financial ratings. The move came after state officials in July publicly questioned the ratings agency Demotech, Inc., over the possibility that it…
Read more

Solid Fundamentals For Commercial in 2Q

In the second quarter of 2022, continued solid fundamentals reflect an ongoing healthy demand for commercial real estate across most sectors, even as concerns about a slowing economy dominate the outlook. Despite uncertain economic conditions, the apartment and industrial sectors saw near-record and record levels of construction, respectively. The office and retail experiences were considerably…
Read more

New Housing Won’t Arrive Anytime Soon

The U.S. housing market is undergoing a correction after two years of unrestrained price appreciation, with higher mortgage rates squeezing out buyers who were banking on new construction. “We should anticipate fewer homes being built over the next 12 months,” says Zonda chief economist Ali Wolf. “The new-home market is struggling right now. Demand has…
Read more

Take Advantage Of Falling Pesos: Ways To Safely Invest In The US

The dollar recently reached an all-time high in the Colombian market. Experts claim that the reasons for this currency rise and fall of the Colombian peso are mainly the fear of a global recession, the climate of political uncertainty in Colombia, as well as high inflation. Added to this is an increase in interest rates…
Read more