Thursday, 30 January 2025

D. Ong

FBI Investigates Alexander Brothers Over Rape, Sexual Trafficking Allegations: Report

FBI agents are reportedly investigating reports spanning at least two decades. The Federal Bureau of Investigation (FBI) has launched an investigation into the Alexander brothers, who are part of a prominent family in luxury real estate, over accusations of rape and sex trafficking.
Rent Prices Are Dropping at Record Rates in Florida and Texas Metro Areas: Report

Asking rents dropped by over 12% in Jacksonville, Florida in June. The median asking apartment rent has dropped at record-breaking rates year-over-year in some of the most populous metro areas in Florida and Texas.
15 Essential Questions To Ask a Real Estate Broker During Interviews

The brokerage you select can have a significant impact on your success. Here are some questions to ask a real estate broker.
5 Important Things You Should Know Before Buying a House in a Wildfire Zone

If you're planning on buying a home in the wildfire zone, here are things you should consider before putting in a down payment.
Here’s What Experts Say Could Happen to Mortgage Rates After the July Fed Meeting

The Federal Reserve has said it will cut benchmark rates if inflation falls to 2%. The Federal Reserve is set to meet this month to discuss whether inflation has gone down to its target level and whether it could cut its benchmark rate.
US Housing Market May See a ‘Massive’ Bubble Burst: Real Estate Analyst

An expert said the waning demand for homes in Southern states could cause the bubble to pop. The housing market in the United States could potentially see a "massive" bubble burst following an influx of new homes, a real estate analyst forecasted Monday.
Some US States With the Lowest Income Found To Have the Highest Homeownership Rates: Report

West Virginia has the highest homeownership rate of all 50 states despite having the second-lowest average personal income in the nation.
A 2024 Guide on Real Estate Project Management

This guide gives you an overview of real estate project management and the role of project managers in the field.
5 Flooring Options That Designers Say Are Now Outdated

Refreshing your home's flooring soon? Here are five options designers say you should avoid. Flooring plays a crucial role in defining a home's aesthetic and functionality.
Office Vacancy Rates Could Rise to Enarly 25% by 2026: Report

Landlords of office spaces could see revenue losses of between $8 billion and $10 billion. Nearly a quarter of all office spaces in the United States are likely to be vacant by 2026 as more companies adopt a remote working model.
These 15 US Housing Markets May See Home Price Corrections: Report

The firm analyzed data from 1,000 housing markets in the U.S., identifying areas where there is more supply and less demand.
US Home Prices Hits New Record as Housing Affordability Worsens

The median home sale price in the country in June was nearly 5% higher than the figures recorded in the same month last year.
9 Essential Tips Real Estate Agents Should Give Clients Who Are First-Time Home Buyers

Guiding your client toward making the right decision is your responsibility as a real estate agent. Here are some tips you could give them, especially if they are first-time buyers.
What Are the Three Basic Types of Lighting and How To Chose the Right One for Your Home?

Are you looking for ways to boost your home's interior using lighting? Here's a quick guide on the different types of lighting and how to find the right one for your space.
US Minimum Wage Workers Must Work More Than 20 Years To Afford a Median-Priced Home: Report

The study calculated the number of years using an assumption that an individual would save 10% of their income.
Here’s How a Fed Interest Rate Cut Will Affect Mortgages: Experts

The Fed could cut its benchmark rate this year if inflation drops to a target of 2%. The Federal Reserve could cut interest rates once this year, which could impact mortgage rates and make homes more affordable to hopeful buyers.
Homes Are Now Only Affordable in 20% of All Large Counties in the US: Analysis

The analysis defines counties as affordable when homeowners spend less than 28% of their wages on housing costs.
Renter Guide: 7 Must-Know Tips for Renting an Apartment With No Credit Check

Americans with low credit scores or no credit history can still rent an apartment. Though the process is challenging, here's a guide to help you with finding no-credit-check apartments.
Diddy Lists LA Mansion for $70 Million Months After Homeland Security Raid

The home was ransacked by federal agents in March as part of a sex trafficking investigation. Disgraced American rapper Sean "Diddy" Combs has put up his Los Angeles mansion for sale months after it was raided by federal agents.
15 US States Where Home Prices Grew the Most in the First Quarter of 2024: Report

Nationally, home prices rose by 6.6% year over year as of the first quarter of 2024. Home prices in the United States have been steadily increasing, with the median sale price now 4.
7 Tips on Becoming a Successful Real Estate Agent After Retirement

Retirement should not stop you from taking on a new career path. Here's how you can become a successful real estate agent in your Golden years.
State Farm Planning To Raise Home Insurance Rates in California by Over 50%: Report

The recent filings come after the firm raised homeowners' and condo owners' policies in December 2023.
4 Real Estate AI Tools That Are a Must-Have for Agents in 2024

If you're looking for ways to streamline your processes, here are four essential AI tools to use.
Average Mortgage Rate for 30-Year Loans Climbs to Just Under 7%, the First Increase Since May

The average contract rate on a 15-year mortgage also rose this week by 0.09%. The average contract rate for a 30-year mortgage climbed to just under 7% this week, the first time it increased since late May.
10 US States With the Highest Property Tax Rates: Report

Property taxes jumped to 6.9% in 2023, double the 3.6% growth rate in 2022. Property tax rates on single-family homes in the United States surged by nearly 7% in 2023, reaching more than $363 billion, a report found.
Real Estate Agent Tips: How to Effectively Farm a Neighborhood and Generate Consistent Leads

Real estate farming is a marketing strategy designed to generate a stream of leads. Here's how you can do it and succeed.
3 Design Elements You Can Use to Instantly Create a Beautiful Space

Are you looking for ways to elevate your space? Here are some ideas. Creating a beautiful living space doesn't always require a complete overhaul or expensive renovations.
Manhattan Is Now a ‘Buyer’s Market’ as Home Prices Decline Due To Rising Inventory

The average sale price of real estate properties in Manhattan fell by 3.3% in the second quarter of 2024.
California Announces New Home Loan Program for First-Generation Buyers

The new home loan program will provide first-generation buyers with vouchers amounting up to 20% of a home's value.
NYCHA Ramping up Efforts To Evict Delinquent Tenants: Report

NYCHA evicted more than 60 households in the first quarter of 2024. The New York City Housing Authority (NYCHA) has recently ramped up its efforts to evict tenants who failed to pay their rent as it continuously shells out money to cover related services.

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