Month: March 2023

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The full audiobook of Real Estate Investing Gone Bad written and spoken by Phil Pustejovsky. You’ll discover 21 true stories of real estate investing deals that went terribly wrong and the lessons you can learn from them. The cost of these “deals gone bad” total millions of dollars in losses, years of unproductive activity and
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The rapid spike in mortgage rates since 2022, accompanied by the Federal Reserve’s determined fight against inflation and constant aggressive interest rate hikes, has cooled the U.S. real estate market significantly, leading to falling sales and pressured home prices. According to a report last week by Redfin, one of the largest U.S. real estate platforms,
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Mortgage rates have been skyrocketing! Mortgage interest rates (30yr fixed) have recently surged to the highest levels seen since early November 2022. This is likely to decrease home buyer demand further as long as rates stay elevated. For example, for a homebuyer looking to purchase a $450,000 home with 5% down payment, it would cost
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Ready Capital Corp. and Broadmark Realty Capital Inc. announced that they have entered a definitive merger agreement. Broadmark will merge into Ready Capital, after which the latter “is expected to have a pro forma equity capital base of $2.8 billion.” Ready Capital is a “multi-strategy real estate finance company that originates, acquires, finances and services
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A new Bankrate ranking found the Austin, Texas, metro area is the best for first-time home purchasers. Roschetzkyistockphoto | Istock | Getty Images Prospective buyers looking to secure the purchase of their first home this spring will still face a difficult market. Yet there are signs some areas of the country may provide more opportunity
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With the ups and downs of various product types — those of you on the outs know who you are — there’s been some strong activity on the part of industrial, according to an analysis of Yardi data by CommercialEdge. The demand for space has pushed up spreads between existing and new leases. Out of
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If you could give your younger self real estate advice, what would it be? My team has asked this question of applicants of my Apprentice Program for years and I compiled the top answers in this insightful video. It’s some of the best real estate advice you’ll ever get. To get your real estate mentor,
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Are you looking to buy a foreclosure? Foreclosed properties can be one of the best ways to get a cheap property, but understanding this murky world can be difficult. In this video from BiggerPockets, Brandon Turner (author of “The Book on Rental Property Investing”) shares the three different things people mean when they say “Foreclosure”
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Hundreds of anti-Netanyahu protesters gathered on Wednesday outside a hair salon after the prime minister’s wife, Sara, was spotted at a hair salon nearby. Picture Alliance | Picture Alliance | Getty Images New concerns about Israel’s economy are leading global investors to question the money they have in the country. Massive protests have intensified in
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Mortgage rates moved higher again last week, pushing buyers back to the sidelines just as the spring housing market is supposed to be heating up. Mortgage applications to purchase a home dropped 6% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume was 44% lower than the
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