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Search for home in Ontario real estate market ‘humbling’ for first-time buyers
This article is the second in Global News’ Spring Housing Buzz series, where we will investigate a number of different areas related to the spring real estate market in Ontario. You can read Part 1 here. First-time homebuyers Onairy and Joseph Baiya love their three-bedroom townhouse in Whitby, Ont., since it has what they need at a six-figure price range they could afford. Despite Joseph adding a daily commute to Toronto for work, he got the basement he wanted, while Onairy got the extra space to entertain friends and prepare for a bigger family. The accountant and the office supervisor, who’ve been married three years now, had been renting a…
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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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Real estate fraud risk is on the rise, and victims are sounding the alarm
DeBianchi Real Estate President and realtor Sam DeBianchi gives advice to millennials who are struggling to buy homes on Making Money. Purchasing a home is an exciting milestone in a person’s life, but criminals are increasingly exploiting such transactions through real estate fraud, robbing victims who are often left with little or no recourse. CertifID’s 2024 State of Wire Fraud report released Tuesday found that 1 in 20 Americans who bought or sold a home within the past three years have been victims of some type of real estate fraud, with the median amount in consumer losses exceeding $70,000 as a result of stolen buyer’s down payments and seller’s net…
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Got $500? 2 Real Estate Dividend Stocks to Buy and Hold Forever
The emerging bull market has put many investors’ focus back on growth stocks — and for good reason. Identifying opportune buys among companies positioned for sustained growth is a well-proven way to build wealth, and the beginning of a stock market run can be a great time to jump aboard. Yet this also is a good time to look at income stocks, which are typically viewed as more defensive, but still represent investments in businesses in sectors with the secular tailwinds to have some nice growth potential of their own. Two to consider here are American Tower (NYSE: AMT) and Realty Income (NYSE: O). These are both real estate income…
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US real estate market will be ‘very ugly’ next year, Howard Lutnick warns
The CEO of a top financial services firm is sounding the alarm over a “very ugly” real estate market in the next two years. Speaking to FOX Business host Maria Bartiromo at the World Economic Forum in Davos, Switzerland, Cantor Fitzgerald CEO Howard Lutnick said a “generational” shift was on the horizon, warning of a massive default in loan sales. REAL ESTATE INVESTOR WARNS US IS ENTERING THE ‘GREATEST’ CORRECTION OF HIS LIFETIME A foreclosure sign sits in front of a home on a hillside in San Clemente, California, on Aug. 25, 2010. “I think $700 billion could default… The lenders are going to have to do things with them. They’re…
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Harsh warning on US real estate market issued: ‘America needs more housing’
Certified affiliate real estate broker Brian Lewis breaks down the point out of the U.S. housing current market as household potential buyers really feel the pain of sky-significant property finance loan charges. A person genuine estate professional issued a warning to Americans that the U.S. is suffering from a housing stock crisis that could further more destruction the sector. “Here’s the issue about The united states, we really don’t have inventory. Guys, it is limited out there,” serious estate broker Brian Lewis claimed on “The Claman Countdown” Thursday. “In New York Town, it truly is tight. In Richmond, Virginia, it is really restricted. In some regions of Chicago, it is…
