News

HUD Increases Flood Insurance Options for FHA Mortgages The U.S. Department of Housing and Urban Development (HUD), through the Federal Housing Administration (FHA) recently announced that effective December 21, 2022, it will allow homeowners with FHA-insured mortgage financing to obtain flood insurance policies that conform to FHA requirements from private insurance providers. The change was […]

Mortgage Originations Experience Biggest Annual Drop in 21 years ATTOM Data says mortgage originations are experiencing their biggest annual drop in 21 years.  The data comes from their third-quarter 2022 U.S. Residential Property Mortgage Origination Report, which shows that 1.97 million mortgages secured by residential property (1 to 4 units) were originated in Q3 2022

Airbnb Rolls Out New Software to Screen & Prevent Parties Back in August we posted about Airbnb’s plans to roll out new “anti-party tools” in the US and Canada to help identify potentially high-risk reservations and prevent those users from taking advantage of their platform.  Now, fast-forward to mid-November and they have launched a new

Housing Starts & Permits Continue to Fall The U.S. government is reporting that privately‐owned housing starts in October were at a seasonally adjusted annual rate of 1425,000, which is 2.4% lower than September’s revised number and 8.8% lower than one year ago.  October’s rate for units in buildings with five units or more was 556k. 

Yardi Says Rents Rising Modestly as Rate Hikes Take Center Stage According to the latest Yardi Matrix Multifamily Report, the average U.S. multifamily rents were $ 1,727 in October, up $ 3 from September.  Yardi says The Fed’s recent actions have roiled the housing market, which is sure to impact multifamily demand, property values and

Homeownership Wins Over Time We’ve had many posts about how real estate is the best chosen investment, time and time again.  Today’s infographic from Keeping Current Matters reminds us that homeownership is in fact a form of building wealth.  They point out that not only does growing equity increase your wealth, prices have appreciated by

Local Market Monitor’s National Economic Outlook for November ’22 Local Market Monitor, a National REIA preferred vendor, recently released their monthly National Economic Outlook where they share their thoughts on developments taking place in the U.S. economy. National Economic Outlook By Ingo Winzer November, 2022 Recent data about more jobs and an improving Gross Domestic

AAA Predicts Over 55 Million People Will Travel for Thanksgiving The venerable AAA says it’s time to “buckle-up” this Thanksgiving as they say over 55 million people will be traveling – up 1.5% from 2021.  They expect this year to be the third busiest for Thanksgiving travel since AAA started tracking this data in 2000.

It’s finally here: Propy Meta Agent Course It’s been a long time coming, but we’re proud to announce that the Propy Meta Course – the course that lets you learn and explore the value of the metaverse – is here! Developed by Web3 real estate experts, the course will assist you in understanding and navigating

Evictions and Trusts Evictions and Trusts By Jeffrey S. Watson Not long ago, I did a short series on trusts being used by real estate investors. A memo came across my desk recently from a highly-respected eviction attorney in Cleveland, Ohio. The Cleveland Municipal Housing Court is now doing something that will probably spread to