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Keyword: homes

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  • Can We Rescue The American Dream From Bully Corporations?

    07/25/2021 3:56:52 AM PDT · by gattaca · 6 replies
    The Federalist ^ | July 23, 2021 | The Federalist Staff
    On this episode of The Federalist Radio Hour, Federalist Senior Editor Christopher Bedford joins Culture Editor Emily Jashinsky to discuss his article “Corporations Are Steamrolling Small Business, Buying Up Homes, And Crushing The Dream, But We Can Fight Back.” Bedford explains how groups like BlackRock are barring more people out of buying homes and pushing more people towards renting. “They’re going into places, thriving cities that have good schools and nice neighborhoods, and affordable housing in places like Phoenix or outside of Miami … to scoop up as many houses,” Bedford explained. “Those are exactly the houses that we want,...
  • CDC reports drug resistant fungus infections in Texas, Washington, DC

    07/23/2021 7:23:32 AM PDT · by mikelets456 · 13 replies
    The blaze ^ | 7/23/2021 | The Blaze
    Health officials possess evidence of an untreatable fungus spreading in several facilities. The "superbug" outbreaks have been reported at a nursing home in the nation's capital and in two Texas hospitals, the Centers for Disease Control and Prevention reported, according to the Associated Press.
  • Boomers are only making the 2021 housing crisis worse (give us yo stuff)

    07/09/2021 7:41:44 PM PDT · by Crim · 67 replies
    Business Insider ^ | Jul 8, 2021, 4:06 PM | Hillary Hoffower
    Baby boomers hold more real-estate wealth than any other generation. The Silent Generation held that distinction until 2001, according to Michael Kolomatsky's analysis of Federal Reserve Data for The New York Times. As was typical of older generations, many had begun selling their homes to move in with their families or into assisted-living facilities or nursing homes, leaving boomers to take over as the biggest wealth holders in real estate. But boomers are now breaking tradition. They've surpassed the Silent Generation, per the Times' data analysis, holding the most real estate wealth of any generation for the past 20 years....
  • Juneteenth and Affect on Mortgage Closings

    06/18/2021 7:57:19 PM PDT · by HereInTheHeartland · 30 replies
    Okay I haven't seen this mentioned anywhere but in our industry. Ok just found this article that I linked to.
  • BlackRock, other investment firms 'killing the dream' of home ownership, journalist says

    06/14/2021 12:35:44 PM PDT · by RomanSoldier19 · 52 replies ^ | 6/12/2021 | By Charles Creitz
    The New York City risk and investment management titan BlackRock is among several high-powered firms pushing working families out of the housing market and into rentals, therefore depriving them of capital and the opportunity to build credit and equity. According to a Wall Street Journal report, BlackRock – led by billionaire Laurence Fink – is purchasing entire neighborhoods and converting single-family homes into rentals; while in cities like Houston, investors like Fink account for one-quarter of the home purchasers. On "Tucker Carlson Tonight," Chronicles journalist and associate editor Pedro Gonzalez said that BlackRock's actions are leading 40% of American renters...
  • What Happens When Hedge Funds Buy Up Neighborhoods

    06/13/2021 11:57:39 AM PDT · by Hojczyk · 73 replies
    The Federalist ^ | JUNE 11, 2021 | Joy Pullmann
    A conversation on Twitter this week resurfaced a Wall Street Journal report from April about big investors getting into real estate, overbidding normal people to do so. “If You Sell a House These Days, the Buyer Might Be a Pension Fund,” the title says. “Yield-chasing investors are snapping up single-family homes, competing with ordinary Americans and driving up prices.” The resulting social media traffic made the article No. 1 on the WSJ website on June 10. “You now have permanent capital competing with a young couple trying to buy a house,” real estate consultant John Burns told the Wall Street...
  • Blackrock owns America’s homes – and a whole lot else, People are expressing concern that companies are buying up America’s housing stock, but the problem may run much deeper than that

    06/12/2021 1:21:54 PM PDT · by SeekAndFind · 53 replies
    American Thinker ^ | 06/12/2021 | Andrea Widburg
    If you’ve been thinking of buying a house, you’ve probably noticed that house prices are soaring everywhere, not just in the usual preferred zip codes. You might have thought this is simply because of market deformations thanks to COVID and the lockdowns. In fact, the soaring prices reflect something much more sinister: Blackrock, an investment company is buying up housing stock, turning America into a nation of renters – that is, people with no stake in their communities or their futures. However, what’s really sinister is that it’s not just housing stock. BlackRock, along with The Vanguard Group, owns a...
  • Yes, BlackRock’s Home-Buying Spree Should Concern You

    06/11/2021 5:21:01 PM PDT · by E. Pluribus Unum · 84 replies
    The Liberty Daily ^ | Jun. 11, 2021 | J.D. Rucker
    The general public doesn’t normally look into companies like BlackRock, the largest asset management firm on the planet with over $9 trillion in assets. That’s higher than the GDP of every nation in the world other than the United States and China. We don’t normally looking into them because they’re invisible to “normies” like us. They don’t advertise or have their name on a sports stadium like most other major companies. They’re happy to stay as under the radar as is possible for a company so huge. But some in the general public is paying attention now following the resurfacing...
  • Blackrock Is Buying Every Single Family House They Can Find, Paying 20-50% Above Asking Price And Outbidding Normal Home Buyers

    06/09/2021 8:36:40 PM PDT · by Enlightened1 · 86 replies
    Thread Reader ^ | 06/09/21
    <p>Blackrock is buying every single family house they can find, paying 20-50% above asking price and outbidding normal home buyers. Why are corporations, pension funds and property investment groups buying...</p><p>So who is Blackrock? Only the worlds largest asset manager and the leading proponent of The Great Reset. Theyre looking to redistribute -Get this- $120Trillion dollars. The entire wealth of the worlds middle class and poor combined several times over.</p>
  • 1,500 Austin homes sold for $100K over asking price since Jan. 1

    06/04/2021 8:41:36 AM PDT · by bgill · 25 replies
    kxan ^ | June 4, 2021 | Billy Gates
    New data from online real estate brokerage Redfin further illustrates how wild the Austin housing market has been in 2021. Redfin says more than 1,500 homes have sold for more than $100,000 above asking price since the beginning of 2021 in Austin, and 72 of them sold for more than $300,000 over the asking price. At this time last year, only 22 homes had winning bids over $100,000 over the asking price. The year-over-year gap is even wider for homes that sold in a range of $25,000-$99,999 over the asking price. Last year, from Jan. 1, 2020 to May 23,...
  • Wholesalers Flood Poor Neighborhoods Looking For Distressed Homeowners

    05/30/2021 12:39:31 PM PDT · by blam · 59 replies
    Zubu Brothers ^ | 5-30-2021
    Wholesaling real estate is the process of finding a deeply discounted home and passing it along to an end investor. Bearing fast cash, wholesalers are flooding low-income neighborhoods, seeking distressed homeowners who want to sell quickly. Record low mortgage rates, low housing inventory, and a real estate frenzy have increased the amount of wholesaling conducted nationwide since the pandemic as many were lured in by YouTube tutorials. The entire strategy behind wholesaling is finding a discounted property, get it under contract, and then flip it to an interested buyer for a quick profit. Bloomberg reports some wholesalers are using strong-arm...
  • Pending home sales pummeled

    05/27/2021 10:51:52 AM PDT · by Recovering_Democrat · 22 replies
    Fox Biz ^ | 05/27/2021
    Pending home sales took a hit in April as the shortage of affordable housing remains a headwind for house hunters. The Pending Home Sales Index dropped 4.4% to a reading of 106.2 for the month as reported by the National Association of Realtors.
  • Goldman Warns Of “Substantial” Surge In Home Prices, Expects Bigger Housing Bubble Than 2007

    05/16/2021 6:50:19 PM PDT · by blam · 36 replies
    Zubu Brothers ^ | 5-16-2021
    One week ago, we said that in what is increasingly a stagflationary burst (or, as BofA put it “transitory hyperinflation“) right out of the 1970s playbook (and that was even before the latest blistering hot CPI and PPI numbers printed a few days ago)… … amid this dismal “transitorily hyperinflationary” landscape where those whose incomes aren’t similarly hyperinflating find themselves at risk of being unable to afford a roof above their head, “there was one ray of hope: renting, with rent prices tumbling in recent months and according to the BLS’ monthly CPI metric, rent inflation had just dropped to...
  • Home Prices Are Soaring So Fast, They Are Negating The Benefits Of Low Mortgage Rates

    05/14/2021 3:07:53 PM PDT · by blam · 52 replies
    Zubu Brothers ^ | 5-14-2021
    A recent report in the Wall Street Journal that cited data from the National Association of Realtors and Fannie Mae caught our eye by highlighting an unfortunate reality of low interest rates: while they initially help even the playing field and make homes more affordable for more Americans, after a while, price appreciation will ultimately make housing less accessible for middle- and working-class Americans.Using data combined with anecdotes from home buyers, WSJ illustrated how the rapid pace of price appreciation over the last year is affecting the outlook for the housing market, as high prices negate the impact of mortgage...
  • Home prices surge by most since 2006

    04/27/2021 12:41:34 PM PDT · by thegagline · 82 replies
    Fox Business News ^ | 04/27/2021 | Jonathan Garber
    Cities like Dallas, Texas are benefiting from homebuyers from high-tax states with deep pockets. Real estate executive Rogers Healy weighs in on the 'new reality' of the business. U.S. home prices in February rose at their fastest pace in 15 years as the COVID-19 pandemic accelerated the urge to move from urban apartments to suburban homes. Home prices climbed 12% year over year in February, according to the national Case-Shiller index, making for the fastest increase since February 2006. Prices are now 29% above their 2006 peak. "The housing market is running full steam ahead," said Selma Hepp, deputy chief...
  • Red-hot lumber prices may cool housing boom

    04/17/2021 7:59:37 PM PDT · by BenLurkin · 56 replies
    FOX Business ^ | 04/17/2021 | By Jonathan Garber
    Soaring lumber prices are holding back a U.S. housing market. The number of building permits issued in March rose 2.7% month over month to a seasonally adjusted annualized rate of 1.766 million. The uptick is a mere blip on the radar compared with the 19.4% increase in housing starts, which grew at their fastest pace in nearly 16 years. Typically, building begins within two months of issuance, according to the National Association of Home Builders. Some developers have "held back on projects on the expectation that prices will soon fall back," wrote Matthew Pointon, senior property economist at the research...
  • “Things Are Out Of Control”: Supply Chain Collapse Leads To Lumber Frenzy, Soaring Home Prices

    04/14/2021 9:33:00 AM PDT · by blam · 120 replies
    Biz Patriot ^ | 4-14-2021 | Tyler Durden
    With median prices for both existing and new homes at all time highs, and soaring at a record annualized rate of almost 20%...... increasingly more Americans find themselves priced out of homeownership, while still cautious banks refuse to lend them the mortgages they so desperately need to live the American Dream (on credit). And unfortunately, since most US houses are made out of wood, we have even more bad news: home prices are about to get even more expensive if for no other reason than the frenzy sweeping the lumber market is set to keep going through the summer peak...
  • Massachusetts Gov. Charlie Baker Bans Gatherings over 10 in ‘Private Homes’

    12/23/2020 9:26:10 AM PST · by ChicagoConservative27 · 53 replies
    Breitbart ^ | 12/23/2020 | Hannah Bleau
    Massachusetts Gov. Charlie Baker (R) announced another wave of restrictions taking effect prior to New Year’s, including a ban on gatherings over ten, with the restriction extending to “private homes.” Baker announced the latest set of restrictions Tuesday, which will go into effect on Saturday, December 26 — the day after Christmas
  • Secluded Cabins & Homes (Many Images)

    12/21/2020 2:17:14 PM PST · by OneVike · 38 replies
    https://freerepublic.index ^ | 12/21/20 | Chuck Ness
    For those who are looking to get away from the cares of the World, you will find these cabins and houses very alluring. They all give you the feeling they would be a great place to get away from the crazy cities, and even from some small towns where too many people know too much about everyones business. Some just homes nestled a perfect out of the way place, some are elaborate cabins, and some are no bigger than a one room cabin. There is one or two old run down shacks no one lives in any more. But who...
  • Millions Face Eviction From Homes As 2021 Approaches

    12/01/2020 6:58:06 AM PST · by RetiredArmy · 30 replies
    ECONOMIC COLLAPSE BLOG ^ | December 1, 2020 | Michael Snyder
    Unless there is emergency intervention, tens of millions of Americans could be facing eviction once the holiday season is over. We kicked the can down the road throughout 2020, but all of the rent that was originally owed to landlords all over the country is still due, and they are very eager to collect. Countless landlords are on the verge of financial ruin because of the rent moratoriums which were put in place, and kicking the can down the road even more would be absolutely disastrous for them. Of course it would also be absolutely disastrous if the moratoriums are...