Mindblown: a blog about philosophy.
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Apartment Loans Outpacing Troubled Office Debts Fast
Distressed commercial real estate is shifting from vacant offices to empty apartments, with $80 billion in at-risk apartment mortgages.Floating-rate mortgages on these properties have increased, leading to higher payments and potential defaults.
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Lower Rates Won’t Ease Homebuying!
As of Late-Q3, 2024, mortgage rates dropped, but homebuying remains highly competitive. The U.S. housing market still faces a 1.5M to 7.2M unit shortage, keeping prices elevated.
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New Multifamily Lease Standards Take Effect 2025
New multifamily lease standards will be implemented by government-sponsored enterprises starting February 28, 2025. New policies require minimum lease standards for multifamily properties receiving enterprise-backed loans.
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Expected to Skyrocket by 2030: Washington State
Upfront costs include down payment, inspections, appraisals, earnest money, closing costs, taxes, rate buy-down, prepaid insurance, and HOA fees. Ongoing costs consist of mortgage payments, property taxes, homeowner's insurance, mortgage insurance, HOA fees, maintenance, improvements, and utilities. To mitigate home-buying costs, improve credit score, work with a real estate agent, and make a larger down…
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A billion square feet of new housing space to emerge in cities as America’s office market faces a major crisis
America's office market is facing a significant transformation due to rising debt and a shift to remote work, leading to high vacancy rates, particularly in older Class B buildings. Experts predict a wave of fire sales and conversions to residential housing, with a 357% increase in office-to-apartment conversions in 2024 compared to 2021. Major cities…
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Homeowner and Homebuyer Trends for 2025
Home design is evolving towards efficiency, incorporating smart technology for improved functionality and time-saving features.English-styled kitchens will influence American homes, promoting timeless elegance with warm, inviting aesthetics.
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Interest cuts may spur new homebuyers, sellers
Interest rates are a hot topic as many navigate the real estate market, especially first-time homebuyers. Following a recent Federal Reserve rate cut, lower rates could enhance affordability but also increase competition. In Spokane, the median home price is around $430,000, and potential buyers may see reduced monthly payments if rates continue to drop. However,…
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Beat Recession: Choose Commercial Real Estate for Growth
Commercial real estate offers a unique opportunity to generate passive income through rental payments from tenants. Real estate investments provide significant tax advantages, such as capital gains treatment and deductible expenses.
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