Investment firms take aim at short-term rentals

Saluda Grade, WEG Capital picking up high-demand portfolios From left: Ryan Craft, chief executive officer, Saluda Grade; Sean Breuner, chief executive officer, AvantStay (Saluda Grade, AvantStay, iStock) Short-term rentals aren’t just for mom-and-pop owners anymore: Wall Street has taken notice of the market and are getting in on the game. New York-based investment firm Saluda … Continued

Manhattan’s luxury market, condos lead signed contracts

Contracts slipped overall from Jan. 2021, but more than double from pre-pandemic After an unprecedented year of sales, New York’s signed contracts across property types are beginning to slow, according to Douglas Elliman. The January report compiled by Miller Samuel one- to three-family homes, as well as condominiums and co-ops in Manhattan, Brooklyn, Long Island, … Continued

Single-family rents soar in tight housing market

Florida saw the largest rent hikes during the pandemic You could buy a top-of-the-line laptop and a new cell phone to match, or you could pay one month’s rent for a single-family home in Los Angeles. It’s not much better for prospective single-family renters across California, a study by HouseCanary found. In Ventura or Carlsbad, median single-family … Continued

4 Ways Homeowners Can Use Their Equity

Your equity is a powerful tool that can help you achieve your goals as a homeowner. And chances are, your equity grew substantially over the past year. According to the latest Equity Insights Report from CoreLogic, homeowners gained an average of $51,500 in equity over the past year. If you’re looking for the best ways to use your growing equity, here … Continued

October saw mortgage apps rise for new homes by 6%

MBA’s report found that new home sales increased by 3% from September Mortgage applications for new home purchases dipped by 15.2% year-to-year in October, according to a monthly builder survey published by the Mortgage Bankers Association this week. However, on a month-to-month basis, activity was actually 6% higher in October than in the month prior. The strong … Continued

Mortgage rates decline to 3.09%

Rates dropped from 3.14% in the prior week, according to Freddie Mac’s PMMS The average 30-year-fixed rate mortgage dropped to 3.09% during the week ending Nov. 4, down from 3.14% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.78%. Most economists believe mortgage rates will climb following as … Continued

Foreign buyers are avoiding American homes: NAR

Out-of-country buyers purchased only 107,000 properties in a 12-month span Foreign buyers purchased $54.4 billion worth of U.S. existing homes from April 2020 through March 2021, a 27% decrease from the previous 12-month period, according to a new report from the National Association of Realtors. Though it’s undoubtedly COVID-related, the drop represents the fourth consecutive annual … Continued

MARKET SNAPSHOT IN East Elmhurst FEBRUARY 2019

The market is always moving and today I bring you some information that is both easy and complex. For your free report click here “Free East Elmhurst Report”  If you just want to see the results they are under the current stats of this page. Please keep in mind in some instances people call some parts … Continued

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