Category: housing boom

Look Out, Real Estate Boom. It’s the Closing Scam Tornado.

October 7, 2021
Business & Economyhousing boomInvestmentreal estatescammers
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When Jeff, a retired marketing consultant from Chicago, was closing on his home sale, he received a new set of instructions at the last minute on where to send several thousand dollars in closing expenses. At first blush, the email looked legit with an official-looking logo and professional language specifying the amount owed and itemized…

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Looming Foreclosure Crisis Unlikely to End Housing Boom: Experts

July 20, 2021
Businesseconomyforeclosureshousing boomhousing pricesMarketsmoratoriummortgagesUSUS News
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WASHINGTON—U.S. housing prices are going through the roof and a looming wave of foreclosures is unlikely to reverse this trend due to a severe housing shortage in the country, according to experts. The foreclosure moratorium for federally-backed mortgages is going to end on July 31. The Biden administration in June extended the national moratorium by…

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Bank Forecasts Australian Housing Market to Surge by 17 Percent

March 25, 2021
Asia & PacificAustraliaAustralian Housing Lendingaustralian housing markethousing boomInternationalWorld
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Rising house prices across Australia are expected to continue as owner-occupier’s rush to take advantage of record-low interest rates and government incentives. Sydney residential prices, which have already surpassed the 2017 peak, are expected to rise 19 percent this year. While Perth house prices are also predicted to rise 19 percent, followed by Hobart (18…

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