For local economies to thrive, affordable housing must be built. According to Blake Plumley, CEO of Capital Pursuits, a real estate development and management firm, the affordable housing crisis is having tangible effects on local economies as it puts the squeeze on service workers who must relocate to find places to live.
It looks the multifamily housing market is going to continue its strong performance with continued gradual correction, according to Freddie Mac, which just released its midyear multifamily outlook. Same rent, different day. Rent growth remains healthy at the national level as continued demand keeps multifamily afloat.
Longbridge Financial jumped on the proprietary reverse mortgage bandwagon Monday with the official launch of Platinum. Billed as a more flexible product than FHA’s product, Platinum is a fixed-rate, full-draw loan designed to cater to borrowers with high home values who want access to cash up front at a low cost.
Even with a strengthening economy, young adults are choosing not to step out on their own and buy their first home.
Disappearing coastlines may prompt affluent home buyers to shun oceanside communities.
Also, find out which states have the highest share of “seriously underwater� properties.
As homes in the U.S. get older, there could be expensive repercussions for homeowners.
Real estate associations in the region sign an accord with NAR to promote and enforce the Code of Ethics.
Consumers may be less diligent in researching apartments on the internet when feeling the urgency to move, experts say.
Our engage.marketing summit kicks off one month from today and Chris Heller, CEO of mello Home, is headlining our opening general session. The former CEO of Keller Williams is a real estate titan with 30 years of experience and he’s bringing his insight on consumers, technology and real estate to our event in Dallas. Don’t miss it!
Karin Comeaux
Compass Realty & Management
8880 W Sunset Rd, Ste 290
Las Vegas, NV 89148
(702) 328-4114
(702) 586-1616
