Don’t miss out on the advantages of investing via the 1031 Exchange! Today, Chris Clothier discusses the incentives of doing so, and what he recommends to other investors like himself. Take a look, and scroll down for a quick how-to guide!
Buyers who worry that their money doesn’t get them much these days will be bummed to hear that it’s probably not going to change. The changes in the market forces are conspiring together to create less inventory, and a couple of big blows this year could really drive down the number of houses for sale […more]
With a layout that includes a sleeping alcove, dressing area and a foyer large enough for dining, this Prospect Heights co-op offers a generous amount of space for a studio. It is on the first floor of 230 Park Place in the Prospect Heights Historic District. When pitching the building to… Read More > The […more]
Top wholesale lender United Wholesale Mortgage (UWM) is the latest originator to join the resurgent home-equity lines of credit (HELOC) market. The Pontiac, Michigan-based lender has started to offer standalone and piggyback options, as fast-rising home values allow homeowners to tap the equity in their houses to pay debts, expenses or investments. UWM’s products announced […more]
Mortgage loan application volume in the U.S. dropped another 3.0 percent over the past week from what was already a 22-year low, with a 2 percent drop in purchase mortgage activity, which is now down over 20 percent on a year-over-year basis. At the same time, the average purchase loan size, with which the median […more]
McNally Jackson’s South Street Seaport location; Photo by Yvonne Brooks Bookworms will soon have a new reason to visit Rockefeller Center. This December, beloved independent bookstore McNally Jackson will open a new flagship location at the iconic commercial complex in Midtown, Tishman Speyer announced this month. The new bookstore will measure 7,000 square feet and include McNally […more]
There’s a wide variety of ways to invest in real estate. And we can tell you from experience that not all those ways are equal. Nothing has made that more apparent than the comparison between buy-and-hold rental investors and house-flippers in today’s economic landscape.
Homepoint has launched a new program to reduce rates for borrowers with lower income, the wholesale lender announced Wednesday. The initiative comes after the company reported a loss in the second quarter of 2022 amid a price war, mainly from its wholesale-only rival United Wholesale Mortgage (UWM). Homepoint is offering a 75 basis point pricing bonus for conforming […more]
Photo credit: DD Reps/Stribling/Compass The penthouse at One Brooklyn Bridge Park at 360 Furman Street owned by Elizabeth Stribling, founder of real estate firm Stribling & Associates, which was sold to Compass in 2019, is for sale for $8,500,000. The Brooklyn Heights condo–a combination of two units adding up to 3,440 square feet–is wrapped on all sides by a […more]
‘Very few real bargains are left’ in the historic city, where home prices have risen as much as 10 percent since the peak of the pandemic.