Category: Real Estate Politics

Barack and Michelle Purchase $8.1 Million Home In D.C.

After Barack Obama’s presidential term ended there was much speculation around rather or not the former first family would move back to their hometown of Chicago. But after renting a lavish home in D.C.’s ritzy neighborhood Kalorama much of the speculation died down. However, now the Obama’s have taken the next step and purchased the home they were renting and have decided that because they’ll be in the nation’s capital for at least another two and a half years, said their spokesperson Kevin Lewis, “it made sense for them to buy a home rather than continuing to rent property.”

Continue reading “Barack and Michelle Purchase $8.1 Million Home In D.C.”

Advertisements

Residents of Garner’s Forest Hill Apartments Being Forced Out

Many residents of Forest Hill Apartments have yet to find a new place to live. Residents of the Garner based apartment complex received notice back in March that they would be required to clear out by April 30 or be evicted.

Continue reading “Residents of Garner’s Forest Hill Apartments Being Forced Out”

Are We Headed for Another Government Shutdown? How Does that Affect the Real Estate Market?

As President Donald Trump approaches his first 100 days in office he has prepped Congress for a showdown this week in what he’s calling a must-pass spending bill which includes money allocated towards the Mexican border wall.

Continue reading “Are We Headed for Another Government Shutdown? How Does that Affect the Real Estate Market?”

Is Jared Kushner’s trophy real estate deal in trouble?

In 2007, real estate developer, Jared Kushner, put him and his family’s real estate company on the map with the purchase of 666 Fifth Ave. in the real estate capital of the world, Manhattan. For the mega skyscraper, that sits only sits six blocks away from Central Park, Kushner offered a staggering price of $1.8 billion.

Continue reading “Is Jared Kushner’s trophy real estate deal in trouble?”

Downtown Raleigh Developer and How They’re Project Benefits Southeast Raleigh. Or Does It?

John and Trish Healy are the developers of the new brownstone row houses, The Hargett Place, located in Downtown Raleigh. The project features property priced from $690,000 to $1 million and Trish Healy has said that five units have already sold with the first homeowner moving in as soon as April 1st. They expect the project to be complete in the spring of 2018.

Continue reading “Downtown Raleigh Developer and How They’re Project Benefits Southeast Raleigh. Or Does It?”

Will President Trump’s Budget Proposal Defund the Hood?

On Thursday President Trump released a $1.1 trillion budget outline where he’s proposing a $54 billion increase in defense spending but corresponding cuts to non-defense spending at the State Department, Department of Housing and Urban Development, the Environmental Protection Agency, and the elimination of a number of federal programs.

Continue reading “Will President Trump’s Budget Proposal Defund the Hood?”

Feds Considering Interest Rates Hike “Fairly Soon”

According to meeting minutes released last month The Federal Reserve might be convinced to raise its benchmark interest rate “fairly soon” due to the growth in the economy. Although we still have yet to see how the Trump administration’s proposed policies will affect the U.S. economy many still believe that the raise in interest rates are overdue.

Continue reading “Feds Considering Interest Rates Hike “Fairly Soon””