Borrowers Who Make Less Money Are Now Getting Jumbo Home Loans

Even as sales of luxury homes slow in some markets, jumbo lending has picked up. That’s because looser underwriting rules—especially income requirements—have enabled more people to qualify for credit. Milford, Conn.-based Total Mortgage Services saw jumbo-loan originations increase from 19 in January to 54 in August this year. Read Full Article

by Platinum Acq
November 22, 2016
Real Estate

Chinese Investment In Overseas Commercial Properties Set To Reach New Record

Chinese investors have put $23.5 billion into overseas commercial real estate in the first eight months of the year, on track to surpass $25.7 billion in all of 2015, according to a recent report by DTZ/Cushman and Wakefield. The firm forecasts outbound real estate investment volume will increase by 37% this year compared with a [...]

by Platinum Real
October 26, 2016
Business, Foreign, Real Estate

Manhattan’s Newest Office Tower to Be Among Priciest for Tenants

SL Green Realty Corp.’s One Vanderbilt skyscraper, which had a groundbreaking ceremony Tuesday, is expected to have rents that would make it among the priciest office buildings in New York City when it’s completed in 2020. The building, at Madison Avenue and 42nd Street just west of Grand Central Terminal, is likely to attract tenants [...]

by Platinum Real
March 9, 2016
Real Estate

U.S. Existing-Home Sales Climb to Strongest Rate in Nearly a Decade

WASHINGTON—Sales of previously owned homes rose to their strongest pace in nearly a decade in June, buoyed by low mortgage rates and an improving economy. The pace of existing home sales increased 1.1% last month from May to a seasonally adjusted rate of 5.57 million, the National Association of Realtors said Thursday. That puts them [...]

by Platinum Real
March 9, 2016
Real Estate

Howes: Gilbert backing talks for new development tools

Mortgage mogul Dan Gilbert is pressing Gov. Rick Snyder for state aid to help complete some of his most high-profile redevelopment projects planned for downtown. The private talks, reported first by the MIRS news service, are part of broader discussions underway within the state economic development community. Read Full Article

by Platinum Real
March 9, 2016
Business, Real Estate

The real-estate market is about to either take off or collapse

The real-estate market is one of the most important parts of the American economy. And there’s a lot of disagreement about where it’s going next. Housing is one of the largest sources of wealth for Americans... Read Full Article

by Platinum Real
March 9, 2016
Real Estate

An investor who owns 4,000 apartments explains why multi-family real estate is the best investment he’s made

In my opinion, real estate is the best way to grow wealth. If you want to get super rich, get involved in real estate — but I’m not talking about just any real estate. Read Full Article

by Platinum Real
March 9, 2016
Business, Real Estate

Downtown Birmingham condo has 24-hour concierge, on-site staff

This high-polish condo is on the third floor of the Willits, a 58-unit complex in downtown Birmingham where owners share 24/7 concierge, 365-day on-site staff, a state-of-the-art workout room and services that range from dinner reservations to on-site car detailing. This unit, 301, shows slick sophistication with Murano glass, marble floors, beautiful wood built-ins, tray [...]

by Platinum Acq
January 7, 2016
Business, Construction, Real Estate

Historic Troy house had lavish work done on building and grounds

From two widow's walks high up on the roof down to waterfalls and ponds around the grounds, this historic house in Troy is spectacular. Its history touches back to Detroit's Trowbridge family, the Joy family and the founder of Detroit Axle and Gear. But what grabs your eye now happened 10 years ago — a [...]