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Celebrity real estate agent Mauricio Umansky warns ‘perfect storm’ of housing unaffordability brewing
Real estate agent Mauricio Umansky says high mortgage rates, high prices and low supply are creating difficulties for homebuyers on ‘The Claman Countdown.’ Celebrity real estate agent Mauricio Umansky is sounding the alarm over the “perfect storm of total unaffordability” brewing in the housing market. Mauricio Umansky, The Agency founder and CEO, reacted to the state of the housing market after the 30-year fixed mortgage rate hit its highest level since early December. “We’ve got super high interest rates above 7%. Mortgage applications are as low as they’ve been since 1995. And then we’ve got no supply,” he said during his appearance on “The Claman Countdown” Wednesday. Umansky said we…
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Advice from a longtime real-estate agent: ‘Owners are moaners, and buyers are liars’
This article is reprinted by permission from The Escape Home, a newsletter for second homeowners and those who want to be. Subscribe here. © 2022. All rights reserved. The longtime real-estate agent snickered when I asked her to look back on her career and her clients. She said she had learned something that all agents soon come to recognize: “Owners are moaners, and buyers are liars.” Would she be willing to expand on that? Oh, yes, she’ll dish, provided I do not print her name here. She is mostly out of the game — she has announced her retirement several times but keeps getting “just one more last deal” that…
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Texas real estate agent denied them condo over race
A Black family is suing two real estate brokerages and a real estate agent after the agent refused to sell a unit to them in a new Katy condominium building, according to a federal lawsuit filed Friday in Houston. In a recording, an agent can be heard saying she cannot sell to the three real estate investors — a husband, wife and the wife’s sister — because “we won’t be able to get along with each other well.” The family had offered to pay the asking price in cash. The lawsuit also includes a flyer advertising the building as an “option for Chinese and Asian communities in Houston” where people…
