Single family offices around the world are moving deeper into private markets in response to higher inflation, rising interest rates and central banks reducing their market support, a report by UBS Global Wealth Management revealed earlier this month. Among the 221 family offices surveyed — with an average total wealth of $2.2 billion — many … Read more
New Orleans homeowner Lisa Tourtelot says the houses in her neighborhood were taken off the market just a month ago. Now, as she prepares to put her own home up for sale, the homeowner is nervous. Mortgage rates, property taxes and home insurance are all rising, she says – developments the 36-year-old fears are shutting … Read more
Securities regulators in New Jersey have ordered Secaucus development firm National Realty Investment Advisors to halt what they characterize as fraudulent activities, alleging that the firm misled investors while funneling millions of dollars to executives and their families have. The New Jersey Bureau of Securities said in its 63-page cease-and-desist order that NRIA engaged in … Read more
The housing market is finally taking a breather after a two-year sprint. A new report reveals how the frenzy unfolded. The report, titled “State of the Nation’s Housing 2022,” from the Harvard Joint Center for Housing Studies, shows the steep rise in the costs associated with owning or renting a home and how competition among … Read more
Steve Rich Mortgage rates rose to over 6% last week, according to Bankrate data, with some pros saying they could get higher. (Here are the lowest mortgage rates you might qualify for.) Additionally, home prices are up more than 20% year over year, posing affordability concerns for many aspiring homebuyers. And you are probably asking … Read more
Steve Rich Mortgage rates rose to over 6% last week, according to Bankrate data, with some pros saying they could get higher. (Here are the lowest mortgage rates you might qualify for.) Additionally, home prices are up more than 20% year over year, posing affordability concerns for many aspiring homebuyers. And you are probably asking … Read more
Taconic Partners, one of New York’s largest private owners and managers of laboratory space serving pharmaceutical and biotechnology companies, is consolidating its life sciences portfolio into a new subsidiary called Elevate Research Properties. Elevate will control three life science labs currently under development by Taconic. Elevate also plans to spend more than $250 million to … Read more
Shame on first-time home buyers. On Wednesday, the US Federal Reserve raised interest rates by 75 basis points to a range of 1.5% to 1.75%, the largest hike since 1994, as it tries to tame rising inflation, which is hitting a 40-year high Has. Eric Finnigan, Director at John Burns Real Estate Consulting, wrote on … Read more
My summer portfolio strategy is to play the old disco hit “Baby Come Back” while slowly dancing with my December brokerage statements. If it works, I have a business idea involving Hall, Oates, and a two-and-20 fee structure. At least there is real estate. Home equity set to reach record highs. On the other hand, … Read more
House prices continued to soar in the first quarter of 2022, even though winter is typically the cheapest time of year to buy. With high prices coupled with still shrinking inventories, navigating a competitive market became even more difficult. This report marks two years since NerdWallet began analyzing quarterly home affordability for first-time buyers. The … Read more