Category Archives: News

News about the U.S. real estate market and profession.

New Home Community in Elk Grove Masterplan

New Home Community in Elk Grove Masterplan

ELK GROVE, Calif. (STL.News) – Richmond American Homes of California, a subsidiary of M.D.C. Holdings, Inc. (NYSE: MDC), is excited to announce the Grand Opening of Seasons at Sterling Meadows, bringing the builder’s popular Seasons™ Collection floor plans to Elk Grove’s up-and-coming Sterling Meadows masterplan. This new community also marks the debut of the Seasons™ Collection in the Greater Sacramento area!

Grand Opening Celebration RichmondAmerican.com/SterlingGO

Prospective homebuyers and area agents are invited to attend a Grand Opening celebration at Seasons at Sterling Meadows on Saturday, August 31, from 11 a.m.

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Nationwide Mortgage Bankers lands on Inc.’s Fastest Growing Companies of 2019

Nationwide Mortgage Bankers lands on Inc.’s Fastest Growing Companies of 2019

MELVILLE, N.Y. (STL.News) – Independent mortgage lender Nationwide Mortgage Bankers, Inc. (Nmbnow.com) has made it onto Inc.’s list of the fastest-growing companies of 2019. NMB has earned the position of 51 of the 5000 organizations featured on this exclusive list.

Over the last 37 years, Inc. has celebrated the fastest-growing private companies in the U.S. Earning a spot on the Inc. 5000 isn’t just enough to earn organizations respect among their peers. Private businesses that have made it onto past Inc.

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Portugal is Still the Best Bang for the Buck in Europe, According to The Get Golden Visa

Portugal is Still the Best Bang for the Buck in Europe, According to The Get Golden Visa

LONDON (STL.News) – Recovering Portuguese economy is being bolstered by continuous support from foreign investors. The country succeeded in attracting many investors from all around the world to help steer it away from its crisis back in 2010. Data shows that investor interest in Portugal continues in 2019. Migratory (Golden Visa induced) and tourism related movements are generating more and more investment into the real estate market of the country, which helps growth significantly.

Real Estate Market Continues to Rise in 2019

According to the National Institute of Statistics (INE), in the first quarter of 2019, housing prices increased by 9.2%.

Continue reading Portugal is Still the Best Bang for the Buck in Europe, According to The Get Golden Visa at STL.News.

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NYC Sellers Offer Fewer Price Cuts Despite a Surplus of Homes for Sale

NYC Sellers Offer Fewer Price Cuts Despite a Surplus of Homes for Sale

NEW YORK (STL.News) – Though the NYC sales market continued to slow in July, sellers offered fewer discounts than they did earlier in the summer, according to the July 2019 StreetEasy Market Reports(i).

In Manhattan, the number of price cuts offered by sellers declined four percentage points from two months earlier, when 15.6% of homes had a discount — the highest share in 2019 so far. Queens and Brooklyn saw a similar trend, with price cuts down 1.5 and 2.8 percentage points from the highs of earlier this summer.

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The Best Savings Rate in the US, 6% APY Launched by Loan Doctor

The Best Savings Rate in the US, 6% APY Launched by Loan Doctor

NEW YORK (STL.News) – Loan Doctor today has launched the US’s best savings product, with a 6% APY 1-month HCF Savings Note, which provides the opportunity for savers to earn up to 50x more than traditional bank savings accounts or CD’s.

Founded by Dr. Edgar Radjabli, a healthcare and financial services industry veteran and managing partner of financial firm, Apis Capital Management, Loan Doctor’s initial focus has been on helping healthcare professionals with their financing needs, such as capital for acquiring a practice, commercial real estate purchase, or student loan refinance.

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One of Kentucky’s Top Retirement Income Specialists, Tony Roberts, Co-Authors New Book to Cut Taxes and Avoid Wealth Mistakes

One of Kentucky’s Top Retirement Income Specialists, Tony Roberts, Co-Authors New Book to Cut Taxes and Avoid Wealth Mistakes

LOUISVILLE, Ky. (STL.News) – “Retire Abundantly,” offers business owners, executives and professionals, wisdom, advice and principles on how to reduce income taxes and estate taxes to create a greater lifestyle and legacy.

“Enjoying a lifestyle of peace, freedom and impact in retirement is a complex task. I believe people who have worked hard, sacrificed and saved for retirement, deserve the very best education and counsel to upgrade their lifestyle and preserve, protect and pass forward a legacy to their family and the causes they care deeply about.

Continue reading One of Kentucky’s Top Retirement Income Specialists, Tony Roberts, Co-Authors New Book to Cut Taxes and Avoid Wealth Mistakes at STL.News.

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Caribbean Citizenship by Investment Is Better Than European, New Financial Times Report Finds

Caribbean Citizenship by Investment Is Better Than European, New Financial Times Report Finds

LONDON (STL.News) – The Professional Wealth Management (PWM) magazine – a publication from the Financial Times – released its newest edition of the CBI Index. Every year, the special report ranks all citizenship by investment (CBI) programmes in the world against seven pillars considered most important to investors seeking second citizenship. This year, the independent study found that Caribbean countries filled the top five positions, ahead of EU member states like Austria, Malta or Cyprus.

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DWC announces $8 million sale in receivership of a Beverly Hills mansion

DWC announces $8 million sale in receivership of a Beverly Hills mansion

SAN DIEGO and LOS ANGELES (STL.News) – Douglas Wilson Companies (DWC) has completed the sale in receivership of a luxury Beverly Hills residence for $8 million. The home is located at 410 Evelyn Place on a tree-lined street in the Beverly Hills enclave of Los Angeles.

Ryan C. Baker of DWC acted in the capacity of Receiver for OSB Investment, LLC as the seller. Thomas Olson, Director of Brokerage Services for DWC, coordinated the marketing of the property and was assisted by the local residential brokerage firm of Hilton & Hyland.

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GROUNDFLOOR Launches “Split Loans,” Allowing Non-Accredited Investors To Access Structured Real Estate Investments For The First Time Ever

GROUNDFLOOR Launches “Split Loans,” Allowing Non-Accredited Investors To Access Structured Real Estate Investments For The First Time Ever

ATLANTA (STL.News) – GROUNDFLOOR, an investing and lending platform that allows anyone to participate directly in real estate investments on a fractionalized basis, today announced another industry first. Through its new “Split Loans” offering, the wealthtech company is allowing non-accredited and accredited investors alike to control their exposure to risk and reward in a way that was formerly only available to accredited investors and institutions. As the name suggests, GROUNDFLOOR will now be able to split larger real estate loans to create multiple positions in the same project for investors to consider.

Continue reading GROUNDFLOOR Launches “Split Loans,” Allowing Non-Accredited Investors To Access Structured Real Estate Investments For The First Time Ever at STL.News.

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Taking the time to measure money : A closer look at broad money in the U.K.

The FRED graph above, which tracks broad money in the U.K. over the past 172 years, makes it look like the Bank of England has let the money supply go completely out of control since 1970. But not so fast! Two important effects are at play here. The first is the power of compounding: Any statistic that increases at a constant rate will look like it is accelerating, especially if the sample period is long. That’s why FRED graphs offer the option of taking the natural logarithm, as shown in the second graph, below.

If broad money had increased at a constant rate, the graph would show a straight line. That’s not the case, though, as broad money reacts to economic conditions, which is the second effect at play here. Consider that the money supply follows the general evolution of prices. Or the reverse: Prices follow increases in the money supply.

Federal Reserve Source