The Real Estate Council in Alberta, Canada, seems to have a real problem on its hands with real estate agent Derek Johnson, who doesn’t seem licensed to conduct business as an agent and broker. But that’s not stopping Johnson.
“This bigger picture hides a rapid rise in purchases by Chinese investors, who may overtake Canadians as the largest group of foreign buyers of US housing within the next five years,” Capital Economics Property Economist Paul Diggle said.
"We believe it is official that Canada’s housing market is frothy and in danger of a correction. Home prices when viewed as an index have soared, surpassing the height of the US housing bubble," said Chris Muoio, senior associate and economist with Auction.com Research.
Most people involved with any aspect of mortgage finance are probably pretty stressed out, as the market struggles to get on its feet with the threat of a double-dip recession looming.
But according to one job-listing website, real estate agents are feeling the most work-related stress.
The profession ranked as the 10th most stressful job of 2011, according to CareerCast, which maintains a database of job postings from across the U.S. and Canada.
Melvin Luther Watt quietly slid into his office as the first appointed director of the Federal Housing Finance Agency. It was the end of last year, in mid-December. Christmas was coming and the markets were in the middle of the harshest winter in years. As he took over the office of Acting Director Ed DeMarco — himself the unassuming lightning rod for the nation’s housing policy — Watt gave no indication of what he intended to do with his new position; arguably the most powerful job in mortgage finance..
Crowdfunding has swept through large verticals of consumer finance, including student loans and credit card debt. And so, naturally, in a market of rising property values, the real estate market is the latest frontier for crowd-based financing. Read More
Like oxygen, warehouse lending is one of the mortgage industry’s essential life-supporting elements. And fortunately, the warehouse segment is in much better health today than it was six years ago, as we are back up to around 70 warehouse lenders at my last count. Read More