Real Estate

Fisticuffs in Beverly Hills: Mom-and-pop multifamily vs. regulations

The Apartment Association of Greater Los Angeles is challenging Beverly Hills in court
The Apartment Association of Greater Los Angeles filed a federal lawsuit against the City of Beverly Hills on behalf of apartment tenants and owners seeking relief from the city’s Rent Stabilization Ordinance. The crux of the case is what the plaintiffs feel is an unnecessary regulatory burden on mom-and-pop owner/operators.
Read More

The rise of renter nation and why it's here to stay

High rents, home prices and interest rates should keep people renting for a while
Nationwide, the percentage has been growing for the last 10 years, and though homeownership has been making a small comeback lately, escalating rents and continually rising home prices are keeping many households on the lease life. And it looks like it's going to stay that way for a while.
Read More

Zillow: America will have 23 more $1M housing markets by next year

Affordability is slated to die for good in more and more cities in the U.S.
Over the next year, the median value of a home will soar to $1 million or more in 23 more U.S. cities, providing further evidence of the worsening affordability of housing around the nation and a harbinger of how much worse it will get. Is it time to say goodbye to affordability?
Read More

Housing affordability reaches 10-year low

Climbing home prices and interest rates are the culprit
Housing affordability reached a 10-year low in the second quarter of 2018, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index. NAHB Chairman Randy Noel says homebuilders are struggling to ensure pricing does not outpace expected gains in wage growth.
Read More

The No. 1 U.S. market just got more affordable

Builders focusing on more affordable housing
Affordability continues to drop as home prices and interest rates rise and homebuyer demand grows. But in one market, the price for new homes just dropped, making it just a little more affordable for first-time homebuyers. Here’s why.
Read More

NAR: Home prices soar to all-time high

Affordability becoming a distant memory for today's homebuyers
According to research from National Association of Realtors, second quarter home prices soared to an all-time high. The national median existing single-family home price in Q2 was $269,000, up 5.3% year-over-year and surpassing last year’s Q2 as the new peak.
Read More

Bottom's up: Here are 10 markets projected to see depreciation

See which markets are projected to depreciate or stay the same
Veros' Eric Fox breaks down the U.S. markets with lowest projected appreciation. Of the previous quarterly report's 10 MSAs predicted to depreciate or remain unchanged over the next year, seven moved up and out of the bottom list this quarter. Read more to find out which markets made the list.
Read More

Gateway Mortgage to acquire Oklahoma's Farmers Exchange Bank

The acquisition will create one of the top five banks in Oklahoma
With an eye on long-term growth posturing, Gateway Mortgage Group has entered into an agreement to acquire Oklahoma’s Farmers Exchange Bank. With the acquisition, Gateway anticipates the ability to expand the resulting bank’s suite of services and lower the costs of those services for consumers.
Read More