Government will back more condo loans amid cooling housing market

Government will back more condo loans amid cooling housing market

Source: TheRealDeal.com

Amid a cooling housing market and growing concerns about a recession, the Trump administration is making it easier for first-time condo buyers to get a government-backed mortgage. The Federal Housing Administration is backing more loans for those first-time buyers, according to the Wall Street Journal. FHA loans require significantly lower credit standards than conventional loans and only require a 3.5 percent down payment. The FHA predicts it could insure as many as 60,000 additional condo […]

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Apple on the hunt for enormous Manhattan office space

Apple on the hunt for enormous Manhattan office space

Source: TheRealDeal.com

Apple has joined tech giants like Facebook and Amazon in the competition to lock up prime blocks of large Manhattan office space. The Cupertino, California-based tech company is looking around Manhattan for somewhere between 200,000 and 500,000 square feet for a new office, sources told The Real Deal. One source said the tech firm could take as much as 750,000 square feet. Apple’s checked out the usual suspects of properties on the short list for […]

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This article was imported from an external RSS feed distributed by TheRealDeal.com. Although the article is presumed to originate from a reputable source, JusPost Inc however reserves the right to protect itself and herein affirms that it is NOT the author or copyright owner of this article, nor does it warrant or guarantee that the content of this article is 100% accurate and without prejudice. Furthermore, JusPost Inc declares that it has not modified, nor sold or redistributed this article for profit, and has credited it with the proper source link.
Here’s a weird one: David Marx plans towers at Queens site he bought from his own company

Here’s a weird one: David Marx plans towers at Queens site he bought from his own company

Source: TheRealDeal.com

So much for “no desire to develop.” Weeks after announcing the sale of a 2.4-acre eastern Queens development site to… himself, MDG Real Estate’s David Marx has filed plans for what would be the borough’s tallest building outside of Long Island City. Plans prefiled with the Department of Buildings on Tuesday call for a 400-foot-tall structure consisting of “two residential towers, 37 stories each” with four floors of underground parking. The 717,000-square-foot complex with an […]

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This article was imported from an external RSS feed distributed by TheRealDeal.com. Although the article is presumed to originate from a reputable source, JusPost Inc however reserves the right to protect itself and herein affirms that it is NOT the author or copyright owner of this article, nor does it warrant or guarantee that the content of this article is 100% accurate and without prejudice. Furthermore, JusPost Inc declares that it has not modified, nor sold or redistributed this article for profit, and has credited it with the proper source link.
WeWork’s IPO filing sheds light on a startup posting massive losses, while issuing huge loans to execs

WeWork’s IPO filing sheds light on a startup posting massive losses, while issuing huge loans to execs

Source: TheRealDeal.com

The We Company, whose imminent IPO stands to be one of the most hyped of the year, has laid bare its innerworkings. The WeWork parent company’s S-1 filing — filed Wednesday with the U.S. Securities and Exchange Commission — tells the story of a company experiencing massive growth while also sustaining massive losses. It’s also lent millions to members of its executive team at remarkably low interest rates. From the prospectus, The Real Deal compiled […]

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This article was imported from an external RSS feed distributed by TheRealDeal.com. Although the article is presumed to originate from a reputable source, JusPost Inc however reserves the right to protect itself and herein affirms that it is NOT the author or copyright owner of this article, nor does it warrant or guarantee that the content of this article is 100% accurate and without prejudice. Furthermore, JusPost Inc declares that it has not modified, nor sold or redistributed this article for profit, and has credited it with the proper source link.
High and low: Home refinancing spikes as mortgage rates drop below 4%

High and low: Home refinancing spikes as mortgage rates drop below 4%

Source: TheRealDeal.com

Mortgage rates have fallen again, and homeowners are jumping aboard the refinancing train. For home loans of $484,000 or less, the 30-year fixed-rate average dropped to 3.93 percent, according to CNN, citing the Mortgage Bankers Association. On bigger mortgages and on 15-year loans, rates were even lower. The drop triggered a 37 percent increase from the week before on home refinancings; it was almost triple the amount compared to one year ago. But the shift […]

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This article was imported from an external RSS feed distributed by TheRealDeal.com. Although the article is presumed to originate from a reputable source, JusPost Inc however reserves the right to protect itself and herein affirms that it is NOT the author or copyright owner of this article, nor does it warrant or guarantee that the content of this article is 100% accurate and without prejudice. Furthermore, JusPost Inc declares that it has not modified, nor sold or redistributed this article for profit, and has credited it with the proper source link.
Amazon eyes another NYC office building, former RHONY star Kelly Bensimon joins Elliman: Daily digest

Amazon eyes another NYC office building, former RHONY star Kelly Bensimon joins Elliman: Daily digest

Source: TheRealDeal.com

Every day, The Real Deal rounds up New York’s biggest real estate news. We update this page at 9 a.m., 12:30 p.m., and 4 p.m. ET. Please send any tips or deals to tips@therealdeal.com This page was last updated 4 p.m.     There’s a petition to rename the block by Trump Tower after Obama. The MoveOn.org petition has 100,000 signatures, and is requesting the mayor rename Fifth Avenue, between 56th and 57th streets, be […]

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This article was imported from an external RSS feed distributed by TheRealDeal.com. Although the article is presumed to originate from a reputable source, JusPost Inc however reserves the right to protect itself and herein affirms that it is NOT the author or copyright owner of this article, nor does it warrant or guarantee that the content of this article is 100% accurate and without prejudice. Furthermore, JusPost Inc declares that it has not modified, nor sold or redistributed this article for profit, and has credited it with the proper source link.