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Homes are flooding the market in the HamptonsStacked housing inventories in the Hamptons are indicating the US housing market is falling deeper into a weak stretch. auspol in this businessinsder piece on the Hampton has this little tit bit, In November, the average rate on a 30-year, fixed rate mortgage rose to 4.94%, the highest level in seven years. A 30year fixed rate mortgage, How come we don't have that here in Australia?
Source: BusinessInsider - 🏆 729. / 51 Read more »
The most expensive home for sale in the Hamptons is a massive $175 million estate that's been on the market for over a yearIf it sells at its current price, Jule Pond would be the most expensive home to ever change hands in America. It's been on the market for over a year. Seen 15 of these dumb articles this year. None of them sell at the asking price. Overpriced. Not an impressive home. The rooms are all long and narrow, forcing furniture in front of windows meant to show a view... and what's up with the cafeteria seating Property is wonderful. House sucks.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Once Hot Housing Market Likely to Cool Further in 2019A long rally in the housing market stumbled in 2018 and looks poised to slow further, another headwind for a U.S. economic expansion already contending with choppy financial markets and global trade tensions. Can't wait to see what happens when homes don't turn into investments like everyone hopes Thank You Federal Reserve Chairman for screwing up the Markets! That’s what happens when rates rise rapidly.
Source: WSJ - 🏆 98. / 63 Read more »
Investors Cool to Dell’s Imminent Return to the Public MarketAfter the tracking stock for VMware plunged, the implied price of Dell’s common shares is just over half the value assumed in the buyout. barronsonline All those buybacks, all those private equity deals were just a bunch of greedy bastards hoarding stuff they thought they could sell for more later. I guess they cornered the market. But the joke's on them. They were the only buyers. Now they're sellers and everybody gets screwed.
Source: MarketWatch - 🏆 3. / 97 Read more »
As New York's real estate market cools, Brooklyn neighborhoods stay hot for buyers and rentersBrooklyn, which for years has experienced torrid growth and soaring rents, has seen the average rent has fallen year over year, according to data from Rentcafe. Matt Damon just bought the most expensive listing in Brooklyn. I wonder if it is safe to wear a red sox hat there.
Source: CNBC - 🏆 12. / 72 Read more »
Cooling Housing Market Prompts Closer Scrutiny of Some LendersGinnie Mae is stepping up scrutiny of nonbank mortgage lenders, concerned that some may not have the financial heft to overcome stressed conditions. Why this photo make me. Thing of phontigallo's charity starts at home 😂🔥💪🏋 Kinda like the Clinton administration did. Everyone should be entitled to own a home so they loosened regulations for banks. I got to name my own price how much my house was worth when I had it refinanced. The lending company didn’t even do an appraisal. Year 1994. Bill Clinton. What could go wrong?
Source: WSJ - 🏆 98. / 63 Read more »