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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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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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Housing industry getting hit by ‘perfect storm,’ billionaire real estate developer warns
Billionaire real estate developer Jay Bloom says the housing ‘boom’ is caused by supply chain interruptions, low-interest rates and ‘foreclosure moratorium’ due to the pandemic. Billionaire real estate developer Jay Bloom warned consumers Thursday the housing industry is getting hit by the “perfect storm.” “We’re in the middle of a real estate boom like we haven’t seen in the past,” Bloom told “Cavuto: Coast to Coast.” He said several different factors impact homebuilding in the red-hot housing market – from supply chain interruptions to low-interest rates and the “foreclosure moratorium” during the pandemic. US RENT PRICES REACH RECORD HIGHS AS BUYERS PUSHED OUT OF MARKET “A $12 piece of lumber…
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AG Rokita warns against home improvement scams | News
As we move into spring, many homeowners across Indiana will begin planning for home improvement and repair projects around the house. Home improvement projects can bring added comfort as well as value to your home. Whether you are making improvements such as replacing windows and doors, adding a home office, or updating a kitchen or bath, it is important to hire a professional to keep projects from becoming a source of frustration and a costly endeavor. Indiana Attorney General Todd Rokita is warning Hoosiers to take precautions and do their research before hiring a home improvement contractor. “Hoosiers can protect themselves by doing their research, asking the right questions, and…
