The Pacific Legal Foundation is seeking a review by Michigan’s Supreme Court of an unconstitutional tax foreclosure scheme.
The Pacific Legal Foundation recently announced that a Michigan mother has appealed to the Michigan Supreme Court to uphold her constitutional right to fair compensation after her home was foreclosed on by Manistee County, sold, and the county kept $102,636 more than she owed. Chelsea Koetter, a single mother of two, fell behind on her […]
August 2024 Mortgage Market Update
According to the most recent ICE Mortgage Monitor (formerly Black Knight), mortgage delinquencies saw a significant spike in June, increasing by 14.5% (+45 basis points) to 3.49%, the second highest level in 18 months. However, the number of loans in active foreclosure reached the lowest point since the end of COVID-era moratoria. The ICE Mortgage […]
CBRE Unveils Capital AI: Unlocking the Power of Real Estate Investment Property Data
Today’s real estate investment property market emphasizes investors’ focus on securing the right capital for their assets. CBRE’s Capital AI has the potential to change the game by leveraging artificial intelligence to analyze billions of proprietary data points and unlock a wider pool of capital sources, empowering investors to achieve optimal deal outcomes. CBRE launched […]
S&P CoreLogic Case-Shiller surpasses last month’s record high.
The most recent report from the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index showed a 5.9% annual increase in May 2024. The 10-City Composite saw a 7.7% increase, while the 20-City Composite saw a 6.8% increase year-over-year. According to Brian D. Luke, Head of Commodities, Real & Digital Assets at S&P Dow Jones […]
Pending home sales saw a 4.8% increase in the month of June.
The National Association of Realtors has reported a 4.8% increase in pending home sales in June 2024. The Pending Home Sales Index, based on contract signings, reached 74.3 in June, with all four U.S. regions seeing an increase in transactions. The chief economist at NAR, Lawrence Yun, noted that the rise in housing inventory has […]
NAR President Kevin Sears sends message of resilience at ICLV
Currently happening at Inman Connect Las Vegas, from July 30-Aug. 1, 2024, expect clarity, answers to important questions, and new business opportunities. JOIN US VIRTUALLY. National Association of Realtors President Kevin Sears addressed the audience at the Aria Resort & Casino in Las Vegas, emphasizing the importance of stability and resilience in the face of […]
In June, home purchases experienced the highest rate of falling through on record.
According to a recent report from Redfin, home purchases in June experienced the highest rate of cancellations on record, with 56k home-purchase agreements being canceled, equal to 14.9% of homes that went under contract that month. The report attributes this trend to higher housing costs causing buyers to get cold feet. Additionally, the median home […]
Investor Share Rises as Home Sales Plummet to Lowest Levels in Over a Decade
Realtor.com reports that investors have reduced their home buying activity in recent years. However, their latest report shows that investor share has increased despite purchasing fewer homes. The data was obtained by analyzing deed records from January 2000 to March 2024, both nationally and in the 150 largest US metros. The analysis only included single-family […]
Discover The Fastest Path to Cashflow
Want to Work Once and Get Paid Forever?Find Your Next Opportunity In The Next 88 Days, or Marco Is Totally Screwed While everyone else is struggling to find deals and access capital… Marco and his tribe are licking their chops. This unique system helps you find and negotiate massive discounts from motivated sellers that are […]
Cottonwood Group Announced East Coast Team Expansion
Michael Barowsky LOS ANGELES—Cottonwood Group, a private equity real estate investment firm, announced an East Coast team expansion with two strategic leadership hires and three internal promotions to support the firm’s growth in its Boston office. Cottonwood founder and CEO Alexander Shing made the announcement. “Cottonwood continues its strategic growth in Boston by establishing a […]