According to Black Knight’s latest Mortgage Monitor, the delinquency rate for loans in the U.S. increased by 4 basis points in August, reaching 3.17%. However, this rate is still nearly one percentage point lower than the average for the same period between 2015 and 2019. The report also highlights a decline in serious delinquencies, with […]
Black Knight reports that early-stage delinquencies are on the rise. Read More »
The U.S. government has released a report stating that privately-owned housing starts in August were at a seasonally adjusted annual rate of 1,283,000. This is 11.3% lower than the revised number for July and 14.8% lower than the same time last year. In August, there were 334,000 units in buildings with five units or more.
WAYLAND, MA– R.W. Holmes, a leading commercial brokerage firm in Massachusetts with over 45 years of experience, has recently announced the negotiation of seven new office leases in Framingham, MA. At 205 Newbury Street, four office space transactions totaling 11,742 square feet have been finalized. Where’s the Bus, represented by Gordon Real Estate, secured 3,882
R.W. Holmes Successfully Secures Several Office Leases in Framingham, Massachusetts Read More »
The “Rule of 72” is a fundamental principle in investing that estimates how long it takes to double your money. Instead of relying on this rule as a shortcut, there is a more precise logarithmic formula that can be used to determine the time it takes to grow your money at different annualized returns. Check
DEDHAM, MA – Legacy Place in Dedham, MA has announced that Garnet Hill, an apparel and home brand, will be opening its first brick and mortar store at the location in Winter 2024. Garnet Hill has been a popular destination for beautifully designed, responsibly sourced, and passionately crafted products for nearly 50 years. The new
High mortgage rates are a contributing factor to the weakening of builder confidence. The NAHB has reported that builder confidence in the market for newly built single-family homes has dropped below the key break-even measure of 50 for the first time in five months due to persistently high mortgage rates. According to the National Association
Builder confidence is undermined by high mortgage rates. Read More »
Beverly, MA– Erland Construction has completed the construction of a new 6-story mixed-use property in Beverly, MA in collaboration with SV Design. Developed by Beverly Crossing, the Block at Odell Park is a 167,230-square-foot property that features 106 residential units, 9,000 square feet of retail space, and various amenities. Located in the heart of Beverly,
Erland Construction Successfully Finishes New Mixed-Use Property in Beverly, MA Read More »
In a recent episode of the AZREIA Show, Marcus Maloney and Michael Del Prete discuss architectural design and the growing popularity of additional dwelling units (ADUs) in Phoenix. They also explore how ADUs can boost cash flow for investors. The conversation emphasizes the importance of architectural design and the impact of renowned architects on real
Examining the Role of Architects in Real Estate Investments Read More »
A recent report from Redfin reveals that investor home purchases in Q2 2023 experienced a significant decline of 45% compared to the previous year, marking the largest drop since 2008. This decline in investor purchases surpassed the overall decline in home sales, which stood at 31%. The report also highlights that investor market share has
Recently, there has been a slowdown in HELOC activity after reaching a 15-year high in 2022. The Mortgage Bankers Association has provided data on how HELOCs have been utilized over the years. Home renovation and remodeling remain the primary reasons for utilizing HELOCs, followed by debt consolidation, emergencies, and other big-ticket financing. The MBA’s 2023
What are the ways homeowners are utilizing their HELOCs? Read More »