Jul 29, 2022 |
syndicator
Photo credit: MW Studios for Sotheby’s International Realty If you’re in the market for a penthouse, it doesn’t get much more penthouse-y than the AD100-architect-designed, 6,000-square-foot Penthouse IV condominium atop Nolita’s iconic Puck Building at 293 Lafayette Street. At $35,000,000, the princely property is priced accordingly for a mansion-sized four-bedroom sky-palace that includes a gym, […more]
Jul 29, 2022 |
syndicator
Imagine getting a $1 billion, interest-only loan and later lying to your creditor. That’s what a congressional subcommittee said happened between Fannie Mae and Invitation Homes, the single-family rental landlord that in 2017 got a $1 billion interest-only 10-year loan from the government-sponsored enterprise. The Select Subcommittee on the Coronavirus Crisis found that from March […more]
Jul 29, 2022 |
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Purchased by a former Cisco Executive for $3.5 million in 2016 with funds that appear to have been acquired by way of an illegal kickback scheme, the 2,888-square-foot townhome unit #108 at The Pacific (a.k.a. 2121 Webster Street) was forfeited to the U.S. Government this past April and listed for $5.225 million in May. The […more]
Jul 29, 2022 |
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Fast-rising home prices and interest rates coupled with a slipping economy helped to cool the nation’s housing market in June leading to a nearly 2% increase in the number of homes on the market. That marks the first month since July 2019 (pre-pandemic) that housing inventory increased year over year. The home-inventory bump dovetails with […more]
Jul 29, 2022 |
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The dry goods merchant owner of this Hudson, N.Y., home in its earliest years was, presumably, able to decorate it with the latest in interior style. In recent years, evidence of any period details was buried under aluminum siding on the exterior and faux paneling, dropped ceilings and linoleum on… Read More > The post […more]
Jul 29, 2022 |
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Photo Credit: Amtrak / Hello Burlington For New Yorkers looking for an escape from the city without dealing with traffic or chaos at the airport, Amtrak on Friday launched new train service from New York City to the city of Burlington, Vermont. The scenic trip takes around 7.5 hours and travels through the Hudson Valley, Green Mountains, and along […more]
Jul 29, 2022 |
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The second half of 2022 starts next week. Where do we go from here? Things we can expect: Sales are dropping and will likely be lower for 1-3 years. Mortgage rates aren’t going back to 3%…..but they might hang around in the 4s. Until the capital-gains tax is drastically reduced, long-timers want to stay put. […more]
Jul 29, 2022 |
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As mortgage origination volume continues to fall from the heights of the pandemic-spurred boom, many lenders see cost-cutting as their top priority this year. About 39% of 210 senior mortgage executives representing 189 lending institutions said cost-cutting was the most important agenda item, the first time that has happened since 2017, according to Fannie Mae‘s […more]
Jul 29, 2022 |
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Looking to buy a home in New York City? We’ve got you covered! Here are our five favorite NYC open houses for July 23 and July 24. This roundup of Manhattan and Brooklyn homes offers options across various budgets and unit sizes. If you want to see more apartments listed for sale in NYC, be […more]
Jul 29, 2022 |
syndicator
Over the past few years, lenders have put a microscope to their processes to see where they can improve the borrower journey. But there may be one area they’re still overlooking. HousingWire sat down with Kara Shipulski, vice president of strategic partnerships at Liberty Mutual, and Sean Larney, vertical manager of strategic partnerships at Liberty […more]