Wall street the new landlord: one in ten properties

Wall street the new landlord: one in ten properties

We are seeing interesting economic times; throughout the economy there is huge consolidation within industries as the big get even bigger.  Real estate is following a similar trajectory to big technology companies.  What is causing the huge changes in real estate? ...
Ban on evictions and foreclosures for a year, impact on real estate

Ban on evictions and foreclosures for a year, impact on real estate

New eviction laws that Democratic lawmakers recently passed would prevent landlords from filing evictions for nonpayment for a full year after the bill is passed. It would further prohibit foreclosures over nonpayment over the same period and enact automatic...
2 out of 3 loans approved in 2019 would be turned down today, mortgage lenders tighten the screws

2 out of 3 loans approved in 2019 would be turned down today, mortgage lenders tighten the screws

The Urban Institute think tank says nearly two out of three loans made in 2019 would fail to meet at least one of the stricter standards  lenders have imposed since March. Banks are tripping over themselves to be the first to hedge against future downside risks and...
Should appraised value be arbitrary?  Is location important in value?

Should appraised value be arbitrary?  Is location important in value?

There is a new legislative proposal to radically alter the appraisal industry.  Should the use of comparables be arbitrary when establishing appraised value?  Do appraisers need to better “appreciate” a neighborhood (what does this even mean?)  Should an appraiser use...