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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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The Agency Founder Mauricio Umansky Talks The Real Estate Firm’s Global Expansion And What’s Next
Before Mauricio Umansky founded The Agency in 2011, he was one of the country’s highest-producing realtors. At one point The Wall Street Journal recognized him as the #3 agent in the U.S. and #1 in California when he was with his brother-in-law Rick Hilton’s firm, Hilton & Hyland. Mauricio Umansky and wife, Kyle Richards, at a new Agency office opening. The Agency “The industry used to be archaic—nobody had redefined it in a long, long time,” Umansky tells Forbes. “The real estate industry was certainly lagging, and technology has not really been brought into the business when I started. We were still looking at MLS and the real estate inventory…
