Jeff Vasishta

In This Article Key Takeaways Philadelphia’s eviction diversion program has proven effective, reducing eviction filings by 41%. It requires landlords and tenants to negotiate through a city-appointed counselor before resorting to court, helping resolve issues without immediate eviction.Despite its success, the program may sometimes delay the inevitable. Some tenants re-enter the eviction process after failing

In This Article Key Takeaways The federal funds rate is predicted to fall, with some economists suggesting rates could fall to as low as 3% once this cycle of cuts ends. In turn, it could set the stage for a national construction boom.With 500,000 units expected in 2024 and over 2 million new units by

In This Article Key Takeaways Interest rates are expected to settle around 5.5% to 6%, keeping homeownership out of reach for many due to high costs and low inventory.John Hope Bryant suggests 40-year mortgages with interest rate subsidies as a short-term solution for affordability, but inventory remains the long-term issue.40-year mortgages are already used in

In This Article If you’re looking to snag a cheap rental property in one of America’s less affluent states, like West Virginia, Mississippi, or Alabama, you might have a hard time getting it rented. That’s because, according to Federal Reserve and U.S. Census Bureau data, states with lower incomes per capita tended to have the

In This Article Key Takeaways A significant number of new rental units are coming to market, prompting landlords to offer concessions, such as free rent and parking, to attract tenants. This is especially noticeable in cities like Raleigh, Charlotte, and Austin, where over 50% of listings offered concessions.Although rents continue to rise, the rate of

In This Article Remember before the financial crash of 2008 when anyone with a pulse could get a loan—and some people without pulses got them, too, when appraisers were jacking up values and cash back at closings was commonplace? Three New York Tri-State area investors jumped into their DeLoreans and time-traveled back to 2007 because

In This Article Key Takeaways Mortgage refinancing activity has surged by 16% week-over-week, with the Refinance Index up 118% year-over-year, as interest rates have dropped to their lowest level in a year.While some experts predict additional rate cuts in 2024 and 2025, the exact number and timing remain uncertain, making the decision to refinance now

In This Article Key Takeaways Investors are preparing for potential interest rate drops, which could lead to a buying frenzy in commercial real estate, particularly in discounted property markets.Key asset classes worth considering include aging office buildings, which are deeply discounted, repurposing offices into apartments or data centers, distressed rental apartments, and medical office buildings

In This Article According to the U.S. Census Bureau, about 42% of people who moved in 2022 did so for housing-related reasons. Of those, 7.7% specifically moved in search of more affordable housing. And a recent USA Today survey found that 77% of American households cannot afford a median-priced home of $495,750.  All this means

In This Article Key Takeaways For homes to become more affordable, mortgage rates need to drop below 6%, with 5.25% being an ideal target. However, even with potential Fed rate cuts, such a significant drop is unlikely in the near term.Despite the increase in housing supply from 1.6 months in January 2022 to 4.1 months