Monthly Archives: June 2022

Freddie Mac to include on-time rent in underwriting

Jun 29, 2022 |

Freddie Mac announced Wednesday that on-time rental payments will be included in its underwriting system. The government-sponsored enterprise said that it hopes to incentivize “responsible” renters to make a leap into homeownership. According to Freddie, this option will be available starting July 10 and will allow mortgage lenders to submit a borrower’s bank account data […more]

Masterfully Remodeled Noe Valley Home Fetches $1,400 Per Foot

Jun 29, 2022 |

Purchased in an off-market sale for $4.988 million or roughly $1,136 per square foot in March of 2019, the “masterfully remodeled,” 4,390-square-foot Noe Valley home at 2430 Castro Street returned to the market listed for $5.898 million earlier this month having been redecorated but not newly remodeled or further expanded. The five-bedroom home is outfitted […more]

Two tudor-filled areas in Queen’s Cambria Heights designated as historic districts

Jun 29, 2022 |

Image courtesy of the Landmark Preservation Commission The Landmarks Preservation Commission (LPC) on Tuesday voted to designate two districts in the Queens neighborhood of Cambria Heights as historic districts. The two areas, known as the 222nd Street and 227th Street Historic Districts, contain 96 well-maintained Tudor-style rowhouses that incorporate Storybook design elements. Both historic districts have been […more]

Knox Financial to expand loan products with $50 million in funding

Jun 29, 2022 |

Boston fintech firm Knox Financial plans to expand its lending business and loan products with $50 million in funding it received from a real estate advisory firm.  New York-headquartered Saluda Grade provided the funding in forward flow capital which Knox will use to expand its lending business into Georgia, Knox representatives said Wednesday. The fintech […more]

What’s Happening at Tampa REIA – June 29, 2022

Jun 29, 2022 |

Happening at Tampa REIALive In Person & Online Meetings Upcoming Events Thursday & Friday, June 30th & July 1st, 9AM-5PM (In-Person & Online Workshop): The BNB Cookbook Live! is a 2 day Live, In-Person (and Online) Workshop with Ed Middlebrooks that takes place at his lakefront estate at 16617 Ivy Lake Dr, Odessa, FL. RSVP […more]

Classic Park Slope Prewar With Fireplace, Herringbone, Lavender Tile Asks $2.75 Million

Jun 29, 2022 |

Prewar apartments don’t come much grander than the ones at 35 Prospect Park West, a building designed by eminent architect Emery Roth. This one is no exception, with two large bedrooms and two former maid’s rooms, endless nooks and crannies, and original Deco era tile in the bathrooms and kitchen.… Read More > The post […more]

Mortgage startup Tomo offering 120-day rate locks

Jun 29, 2022 |

Fintech startup Tomo will allow borrowers to lock in a mortgage rate for up to 120 days, about twice as long as most lenders.   The lock-in period complements a new product dubbed “Lock & Shop,” which does not require a property address to guarantee a mortgage rate, according to the company.   “Homebuyers have struggled in a volatile […more]

Unofficial Brooklyn Primary Results Show a Big Night for Incumbents, Low Voter Turnout

Jun 29, 2022 |

Polls are officially closed for the June 28 primary elections, and results are beginning to trickle in. Brooklyn voters had the chance to vote for candidates running for governor, lieutenant governor and state assembly from 6 a.m. to 9 p.m. Tuesday. There were also dozens of people in the running for… Read More > The […more]

R.E.M.’s Mike Mills seeks $6.5 million for home overlooking the Hollywood Bowl

Jun 29, 2022 |

R.E.M. bassist Mike Mills is asking $6.5 million for his hillside home, which is only one of two properties that directly overlook the Hollywood Bowl.

It’s Not Worth Waiting to Invest in Real Estate

Jun 29, 2022 |

Right now, it seems as though the real estate market is too unpredictable to take any risks. Maybe you’ve been thinking about investing in real estate, but the timing doesn’t seem right. While it’s impossible to eliminate an investment’s risk, investing in turnkey single-family rentals is one of the best choices you can make for […more]