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OVERVIEW: Market effects of real estate Overproduction Purchasing less consumer goods With mortgage rates surging past 6% this week, the cost of home ownership is becoming more out of reach for borrowers. Some borrowers are deciding to wait, hoping that prices and rates will fall as the overall market and inflation slows with it. Other home buyers, however, are opting […]
This past Friday, August 26, 2022, Judge Jeffrey Graham of the U.S. Bankruptcy Court in Indianapolis, declined to shield 3M from continued litigation surrounding its alleged defective military earplugs. This is seen as a major setback to 3M in its attempt to shift the liability litigation to the bankruptcy court in order to resolve the claims presumably for pennies on […]
Real Estate deed fraud unfortunately is on the rise. Recently, the Sun Sentinel reported that a property owner’s vacant land was sold by a person who pretended that he was the actual landowner in order to obtain the proceeds of a fraudulent mortgage refinancing. Initially, the alleged fraudster created a company using his name as the owner of the property […]
OVERVIEW: Why the housing market has been hot in 2022 What factors suggest prices are starting to cool down How homes prices will affect the economy For the sixth straight month, the number of U.S. home sales have decreased, the longest decline in more than eight years. Higher mortgage rates and purchase prices are just two overall reasons for this […]
Online searches for “sell my house” has increased by 147% as of July. Florida ranked number 5 out of the top 10 states that had the most searches for selling a home. In fact, Fort Lauderdale, West Palm Beach, Miami, Coral Springs, Boca Raton, and Port St. Lucie are some of the cities that had the most search queries. Is […]
Sellers are changing their playbook because of mortgage rates OVERVIEW Why the housing market has been hot in 2022 What suggests prices are starting to cool down How home prices will affect the economy The housing market is currently full of unhappy people. Among them are sellers who realize they’ve listed their properties too late. Redfin says home prices are […]
The Centers for Disease Control and Prevention (CDC) has conducted a study that has found glyphosate to be present in samples from weed killers including the popular Roundup brand. New Study Finds Cancer-linked Roundup Ingredient Present in Majority of U.S. More than 80% of urine samples drawn from children and adults in a US health study contained the weedkilling chemical, […]