Real Estate News
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Real estate agents got $3.9 billion in Covid relief PPP loans. The housing market boomed, but few repaid the loans.
While Covid was battering the U.S. economy, Gary Goldberg seems to have done OK. During 2020, the pandemic’s first year, the Santa Barbara, California, real estate agent sold more than $27 million worth of luxury homes, slightly down from the $31 million he closed the year before, according to data from Zillow. In 2021, he sold $82 million worth of real estate. He also applied for and received two loans totaling $95,832 via the federal government’s Covid relief Paycheck Protection Program, according to public records. In his applications, he listed one employee. He asked for the first loan on April 15, 2020, and the second on Jan. 30, 2021. Federal records show…
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‘Stripe For Real Estate’ Debuts To Fund Power Buyer Deals
Setpoint is the most up-to-date undertaking from Ben Rubenstein, a previous executive of Opcity and Real estate agent.com. A new company that sees by itself as the “Stripe of serious estate,” and which aims to offer the two technology and income for other startups in, for illustration, the Electric power Acquiring sector — came out of stealth method on Tuesday. The company, dubbed Setpoint, is the latest enterprise from Ben Rubenstein, a serial entrepreneur who earlier launched direct-vetting firm Opcity and who served as main income officer of Real estate agent.com. Setpoint aims to “enable proptech firms to supply their clients frictionless homebuying and advertising selections which include contingent-absolutely free…
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I’m the chief economist of Redfin. 5 things to know about the housing market now
Redfin main economist Daryl Fairweather shares her feelings and predictions on the housing industry. Peak dwelling-obtaining period is in full swing, and lots of aspiring consumers are asking yourself: What need to I know about the housing market place if want to buy? After all, interest fees have been soaring, with some pros declaring that pattern will go on (see the cheapest home loan fees you can qualify for below) household prices preserve climbing and there are not plenty of properties on the sector to meet buyers’ need. So we questioned Daryl Fairweather — Redfin’s main economist, who also labored at the Boston Fed studying why householders enter foreclosure —…
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What Millennials Really Think About Today’s Real Estate Market
sturti / iStock.com The pandemic shook up the housing current market a lot more than any other corner of the overall economy just as the millennial technology was getting into peak homebuying age. So is homeownership even now the cornerstone of the middle-course desire, and are today’s younger folks ready to just take on a long time of personal debt to achieve it the way their mother and father did? That relies upon on whom you talk to. Relevant: In Considerably less Than a 10 years, You Will not Be Equipped To Pay for a Household in These Towns Also See: Most effective States for Eviction Guidance To locate out…
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Short-term loans to house flippers and builders can generate solid returns for investors
Financial gain in personal actual estate lending: Small-time period loans to residence flippers and builders can generate strong returns for traders If you are searching for an financial investment motor vehicle that generates stable brief-term returns with no the volatility of progress stocks, private lending could be for you. Starting to be a personal lender is not as elaborate as it may well seem to be. All you truly want is a snug amount of underutilized money, a threat tolerance increased than zero and access to a superior true estate law firm — because you’re going to be concentrating on real estate traders and funding their initiatives. There’s plenty of…
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5 signs the real estate market is cooling in Maine
The BDN is discovering Maine’s housing disaster from each attainable angle, from how it has an effect on property rates, to what it signifies for Mainers throughout the condition. Read our ongoing coverage here and fill out this form to tell us what you want to know. Quite a few key economic indicators are aligning in Maine and nationally that show the serious estate market place, which has been on a tear the previous two several years, is starting off to neat. House selling prices are higher, but product sales in 2022 are predicted to be down about 9 percent, mainly because of a limited for-sale marketplace, Lawrence Yun, chief…
