Monthly Archives: March 2022

Cash-out refis starting to slow despite equity gains

Mar 14, 2022 |

Mortgage origination activity took a major hit in February, with rate hikes squeezing out refinance activity, both for rate-term refis and cash-outs. Overall origination activity in February was down 5.4% from January, according to the latest monthly Mortgage Monitor report from Black Knight. Purchase locks, which are not as rate-sensitive as refinancings, were up 7.2% […more]

Oceanfront Home Next Door to Kevin Costner Surfaces for $109M

Mar 14, 2022 |

An oceanfront horse ranch in Carpinteria, CA, close to a property owned by the actor, has splashed onto the market for $109 million.

Daily Links: State Rent Voucher Plan Targets NYC Homeless Crisis

Mar 14, 2022 |

In the News At 83, East New York Woman Charged With Dismembering a Third Victim [NYT] Park Slope Transgender Educator and Activist, Dies at 80 [NYT] Artist Thrives by Building Models of Popular Brooklyn Restaurants, Stores [Eagle] Blossoms Bloom Beside the Belt Parkway at Coney Island Flower Biz [BP] Is Double Parking Getting Out… Read […more]

Mega team leader Kristan Cole on scaling growth

Mar 14, 2022 |

Today’s RealTrending features an exclusive interview with Kristan Cole, founder and CEO of the Kristan Cole Real Estate Network of Keller Williams Realty. Cole’s team is ranked No. 27 mega teams by volume and No. 18 by transaction sides in 2021 The Thousand top agents and team nationwide. The 2022 rankings will be out this summer. Cole talks […more]

750 spots open on waitlist for Mitchell-Lama Lower East Side co-ops, for sale from $19,677

Mar 14, 2022 |

Streetview of Gouverneur Gardens; © 2022 Google Applications are currently being accepted for newly-opened waitlist spots for studios and two-bedroom middle-income units at the Gouverneur Gardens co-op at 305 Madison Street. New Yorkers earning 125 percent of the area median income can apply to purchase apartments in the post-war building on Manhattan’s Lower East Side, priced from $19,677 for a studio to $35,418.60 for a two-bedroom. Built […more]

The lowest rent for a South Loop studio as of March 14, 2022

Mar 14, 2022 |

If you’re looking for a studio apartment in a managed building in Chicago’s South Loop you have lots of options – even though fifteen of the buildings in the neighborhood don’t have studios, and studios are fully-occupied at another half-dozen of the buildings. You’ll find a map and a comprehensive list of apartments at YoChicago’s […more]

Hochul recommends five historic places in NYC to be added to state and national registers

Mar 14, 2022 |

Photo showing storefront stands on Ninth Ave. looking south from just north of West 40th St., 1936.(Irma and Paul Milstein Division of United States History, Local History and Genealogy, The New York Public Library. Gov. Kathy Hochul last week announced 21 nominations for possible placement on the State and National Registers of Historic Places. The list of […more]

The Best of the Best – Davidson Realty 2021 Awards

Mar 14, 2022 |

The Davidson Realty Team closed out another successful year. “From involvement in various charity events to their top-notch real estate services, we are so proud of all the incredible things our team accomplished in 2021,” shares Davidson Realty President, Sherry Davidson. “The passion and dedication our team possesses is inspiring.” The Davidson Realty family recently […more]

Mike Simonsen: How rising rates impact the housing market

Mar 14, 2022 |

One of the biggest questions in real estate right now is how rising interest rates will impact the housing market. This used to be a pretty easy question to answer: when interest rates go up, it costs more to purchase a home, and demand drops. Price appreciation slows, and homes take longer to sell. More […more]

36% of New York City residents have received a Covid booster shot

Mar 14, 2022 |

Map courtesy of NYC Department of Health Just over a third of New York City residents have received a coronavirus booster shot, according to newly published data released by the city’s health department this week. While roughly 77 percent of New Yorkers are fully vaccinated, just 36 percent have received an additional dose of the […more]