News

Twitter’s NYC Headquarters Sell for $335 Million

The two-building complex that is home to Twitter Inc.’s New York City headquarters was sold to publicly traded landlord New York REIT, Inc., on Thursday for $335 million. The price works out to about $1,188 per square foot. The property

Refinancing Boom Comes to an End

Freddie Mac officially declared this week that the refinancing boom is over. They called the official end “when the share of mortgages originated for refinancing fell below 50 percent for the first time since the third quarter of 2008,” according

Homeownership at 19-Year Low

As the second quarter of 2014 comes to an end, homeownership is at a 19-year low, falling to 64.8 percent. That is down .1 percent from the first quarter of this year, and .3 points lower than it was this

Mutli-Million Dollar Mortgages Seeing a Surge

While many first-time home buyers are struggling to get approved for modest-sized mortgages, banks are seeing a major increase in the number of multi-million dollar loan requests coming through their doors. “High-net-worth borrowers don’t have to borrow,” Bank of New

Zillow and Trulia Rumored to Merge

Online house hunting sites Zillow and Trulia may be pairing up, which would create one giant listing site of homes for sale and could potentially make real estate brokers irrelevant. News of the rumors sent stocks for both sites soaring

Wyoming Town for Sale for $1.5M

For the less than the cost of some New York City apartments, you can buy your very own town in Wyoming. Aladdin, Wyoming, a 30-acre hamlet located 80 miles northwest of Rapid City, South Dakota, is on the market for

VHA Loans Helping Housing Market Boom

As soon as U.S. troops began steadily returning from their service in Iraq and Afghanistan, the number of FHA loans taken out began to soar. Following a decade of combat, “everybody is just ready,” said Air Force Staff Sgt. Claude

Former Prison Officer Convicted of Mortgage Fraud

A former Westchester County corrections officer was convicted on Monday on charges of conspiracy, wire fraud and making false statements to financial institutions. The officer, Jacques Kelly, will spend 15 months in federal prison and has been given until Sept.

Two Experts Say Home Prices Will Level Off, Then Drop

Two Bank of America Merrill Lynch analysts are predicting that rising housing prices will level off in mid-2016 and begin to drop shortly thereafter. This has not been the popular forecast among many experts, but Chris Flanagan and Gregory Fitter

Mortgage Pre-Approvals May Help Home Buyers

In areas where you’re likely to be up against other buyers when bidding on a home, a pre-approval letter can be what sets you apart. The letter, which should be signed by your lender’s underwriter, assures the seller that you

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