Mortgage Originations Are on Pace for Best Year Ever. In spite of the COVID-19 pandemic, Americans are poised to take more mortgages this year than they did even during the run-up to the 2008-09 financial crisis. The…
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If a Sale Doesn’t Go Through, Who Pays the Appraisal Fee?. If you’re buying a home, and the sale falls through after the home appraisal, who pays the home appraisal fee, the buyer or the seller? The…
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Fannie, Freddie Tighten Rules for Condos in Vacation Locales. Getting a mortgage for a resort-area condo might become more difficult after Fannie Mae and Freddie Mac moved to tighten rules on buildings with many short-term rentals and hotel-like amenities. The post…
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U.S. Home Prices Surge to 6-Year High as More People Flee Cities, Case-Shiller finds. The cost of buying a home surged again in October, a closely followed index showed, and prices rose at the fastest rate in…
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Developer Aims to Raise $1 Billion for Investing in Minority Communities. The fledgling fund would be one of the largest commercial real-estate funds ever to focus on minority neighborhoods. The post Developer Aims to Raise $1 Billion…
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New York City Renters Owe More Than $1 Billion in Unpaid Rent, Survey Finds. The debt figure is the most recent indicator that unemployment benefits and federal stimulus packages have so far been inadequate to alleviate the…
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