Sunday, 31 May, 2020

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Tour an Idyllic Getaway in Amagansett – Sotheby’s International Realty | Blog

05/30/2020 sothebysrealty

Amid curtains and blankets of greenery, this compound in Amagansett is a dreamy getaway featuring three discreet, beautifully appointed homes. At the end of a secure gated drive, a freestanding two-car garage adjoins a generous motor court and parking area. Beyond lie a single-level main residence, an enchanting guesthouse, an inviting studio, an alluring pool and spa, and 3.26 acres Read more…

Luxury Real Estate Headlines: Final Week in May 2020 – Sotheby’s International Realty | Blog

05/29/2020 Erik Weinbrecht

Highlights from this week’s top news stories on luxury and global real estate , art, collectibles, and home. Newport, Rhode Island | Jessica Chase, Gustave White Sotheby’s International Realty  The imposing brick building started life in 1887 as a fire station in the Historic Hill neighborhood. Redwood Hose Station 8 was an active fire station until 1912, after which the house functioned Read more…

Do It Together: 5 Home Projects for You and Your Household Helpers

04/28/2020 Amy Dobson

Spruce up your space and keep your kids from climbing the walls — double win! While the kids are out of school, the adults are doing everything they can to keep their little ones safe and healthy at home — and find creative ways to alleviate the boredom and frustration they may be feeling after weeks away from their school Read more…

9 Easy-to-Ambitious DIY Projects to Improve Your Home

04/25/2020 Amy Dobson

Whether you’re looking for a small project or a new challenge, these improvements can enhance your space and potentially boost your home’s value. Like many homeowners, you may have eyed a home improvement project in the past only to come up short on time or inspiration. Don’t feel bad. Nearly half (43%) of all homeowners say their biggest challenge around Read more…

Renters Can Now Check Whether Their Apartment Building Is Covered Under The Federal Eviction Ban

05/04/2020 Dima Williams

Getty The Federal Housing Finance Agency, which oversees the government-sponsored mortgage buyers Freddie Mac and Fannie Mae, unveiled a tool that allows renters to check whether they are protected under the federal eviction moratorium. Under the CARES Act, which came into effect in late March, renters living in properties with a mortgage secured by Freddie Mac or Fannie Mae benefit Read more…

Mirror, Mirror On The Wall…The New Age Of Smart-Mirrors

Sheri Koones

This is the XSquare design mirror by Duravit with design partner Kurt Merki Jr. It comes complete … [+] with mirror-cabinet solutions, and storage cabinets. Photo courtesy of Duravit Smart mirrors are a relatively new trend that takes reflectivity in the bathroom to the next level. Designed with perfect illumination in mind, they add extra luxury to the bathroom. Now Read more…

Demand for mortgage bailout slows to a trickle despite continuing coronavirus fallout

05/29/2020 CNBC Real Estate

A customer exits a Wells Fargo & Co. bank branch in Hermosa Beach, California. Patrick T. Fallon | Bloomberg | Getty Images Despite record-high unemployment and massive economic fallout from the coronavirus pandemic, fewer homeowners appear to be struggling to make their monthly mortgage payments now than at the start of the crisis. The number of borrowers seeking relief from Read more…

Pending home sales plummet in April, but demand is showing signs of a rebound

05/28/2020 CNBC Real Estate

A “For Sale” sign is seen in front of a home on May 30, 2019 in Miami, Florida. Joe Raedle | Getty Images Pending home sales, which measure signed contracts on existing homes, fell a steeper-than-expected 21.8% in April, compared with March, according to the National Association of Realtors. Sales were down 33.8% compared with April 2019. That is the largest Read more…

Refis Dominated April Closings as Lenders Tackle Constant Changes

05/21/2020 Real Estate News

Interest rates on closed loans continued to decline in April, falling from 3.65 percent in March to 3.48 percent according to the Origination Insight Report from Ellie Mae. That prompted another surge in refinancing, with that portion of originations jumping from 55 percent in March to 65 percent. The refinancing share of conventional loans also rose 10 percentage points to Read more…

FHFA Pushes Forward With Fannie/Freddie Conservatorship Exit

Real Estate News

Maybe all of the talk about ending the GSE’s long term incarceration in conservatorship is more than talk this time. Earlier this week both Freddie Mac and Fannie Mae announced they would be issuing Requests for Proposals (RFPs) seeking to hire financial advisors to that end. Then, late Wednesday, the Federal Housing Finance Agency (FHFA), the GSE conservator, said it Read more…

Canada’s Big Six Banks Set Aside Over $10 Billion For Bad Loans, Up Over 300% | Better Dwelling

05/29/2020 Stephen Punwasi

Canada’s Big Six banks are preparing for a lot more bad loans. Canadian banks reported Q2 earnings this week. A common theme in all reports was a sharp increase in provisions for credit losses (PCLs). These have been rising over the past year, as delinquencies begin normalizing from lows. This trend has accelerated quickly however, with total PCLs more than Read more…

CMHC’s Canadian Real Estate Price Forecast Shows Big Drops In Ontario and BC | Better Dwelling

05/28/2020 Stephen Punwasi

Canada’s national housing gave the Canadian real estate industry a further peek at what they expect for prices. The Canada Mortgage and Housing Corporation (CMHC) explained last week that price declines are expected across the country. Now they’ve provided a breakdown of the forecast, and how it impacts individual provinces. Prices are expected to start falling later this year, and Read more…