Recent Articles by Octavio Nuiry

Amid gentrification, a ‘new D.C.’ emerges

Amid gentrification, a ‘new D.C.’ emerges

Today, Washington, D.C., ranks among the nation’s most thriving and vibrant cities. While the rest of the country got hammered by the Great Recession of 2008 and struggled to recover eight years later, a remarkable inversion occurred in Washington,...
By Octavio Nuiry | Monday, December 5, 2016
Wall Street Big banks cede market share to nonbanks

Big banks cede market share to nonbanks

At $26 trillion, the American housing market is the largest asset class in the world, bigger than the U.S. stock market, according to The Economist. And the banking industry’s $13 trillion in total loans is the engine that drives the U.S. housing m...
By Octavio Nuiry | Tuesday, November 1, 2016
A man looking at samples of paint and flooring How are fix-and-flippers typically financing their buys?

How are fix-and-flippers typically financing their buys?

Some believe house flipping is a fad. It’s anything but that. Not only is flipping homes for a profit a growing industry, but it is exceedingly popular on cable television, where more than half dozen prime-time flipping shows feature quick-turn rea...
By Octavio Nuiry | Tuesday, October 4, 2016
Boston's Back Bay neighborhood Boston building boom lifts housing

Boston building boom lifts housing

Boston is undergoing one of the biggest development booms in decades, with a new generation of luxury residential towers being built in Greater Boston. It’s a multi-billion dollar transformation that stretches from the heart of downtown outward tow...
By Octavio Nuiry | Friday, September 2, 2016
A gate in front of a New Orleans home New Orleans housing: ‘A Tale of Two Cities’

New Orleans housing: ‘A Tale of Two Cities’

Eleven years after Hurricane Katrina, the New Orleans real estate market has become what Rick Haase, president of Latter & Blum, calls “a tale of two cities.” ......
By Octavio Nuiry | Tuesday, August 2, 2016
Are housing bubbles reinflating in 3 major cities?

Are housing bubbles reinflating in 3 major cities?

Just 10 years ago, easy credit and lax banking lending standards in the U.S. residential real estate market were partly to blame for a housing bubble that popped and caused over 7 million borrowers to lose their homes to foreclosure during the 2008 h...
By Octavio Nuiry | Friday, July 1, 2016
natural disaster Nightmare on Main Street: When natural disaster strikes home

Nightmare on Main Street: When natural disaster strikes home

On Aug. 23, 2005, the hurricanes at Pat O’Brien’s -- the famed French Quarter watering hole -- were flying off the bar. Few in the Sportsman’s Paradise had noticed the formation of small tropical depression germinating in the warm Atlantic Ocea...
By Octavio Nuiry | Friday, May 27, 2016
Minneapolis-St.Paul Housing rebounds in Minneapolis-St. Paul, but unevenly

Housing rebounds in Minneapolis-St. Paul, but unevenly

Low inventory. Rising prices. Bidding wars. Frustrated buyers. These are the hallmarks of the current housing market in the Twin Cities of Minneapolis and St. Paul. In the Twin Cities sales are climbing, prices are rising, but inventory is short, exp...
By Octavio Nuiry | Monday, May 2, 2016
A flock of birds migrating for the season Why ‘housing refugees’ are on the move

Why ‘housing refugees’ are on the move

For more than a century, American housing migration patterns followed a familiar trajectory: U.S. homebuyers headed predominantly west to cities such as Los Angeles, San Francisco, San Diego and Seattle, where their families and friends had settled o...
By Octavio Nuiry | Thursday, March 24, 2016
Will oil slump hurt Texas housing?

Will oil slump hurt Texas housing?

With oil prices plummeting below $30 a barrel, the gleeful mood of recent years has turned glum in West Texas, the Gulf Coast and the Eagle Ford shale formation area of Texas as the frenzy of shale oil drilling has come to a screeching halt. As price...
By Octavio Nuiry | Friday, February 26, 2016
New York City real estate: A tale of two markets

New York City real estate: A tale of two markets

In a city consumed by luxury condominiums, New York City’s residential real estate market is outrageously ostentatious, insanely expensive and riddled with contradictions. Last year, for example, New York City’s most expensive real estate transac...
By Octavio Nuiry | Tuesday, February 2, 2016
Why investors are flocking to Alabama

Why investors are flocking to Alabama

Investment banker Kenneth H. was tired of Wall Street. After working in finance for a New York City bank for nearly a decade, he moved to San Diego, where he plotted his next career move. A few Orange County firefighter friends suggested he invest in...
By Octavio Nuiry | Tuesday, December 22, 2015
New mortgage disclosures take effect

New mortgage disclosures take effect

On Oct. 3, new mortgage disclosure forms were rolled out. In the future, borrowers will receive two new disclosures: the Loan Estimate, which outlines the terms and projected closing costs, and the Closing Disclosure, which will be received at least ...
By Octavio Nuiry | Thursday, October 29, 2015
Are foreigners stashing billions in US real estate?

Are foreigners stashing billions in US real estate?

For the past few years, international millionaires and billionaires around the world have figured out that the U.S. real estate market was increasingly becoming a hotbed for financial alchemy. With Swiss banks under increased scrutiny from U.S. regul...
By Octavio Nuiry | Tuesday, September 29, 2015
Las Vegas: rolling the real estate dice — again

Las Vegas: rolling the real estate dice — again

For the past six years, residential home prices in Las Vegas have been steadily inching upward; they're driven largely by institutional investors who have paid cash for low-priced houses ravaged by the 2008 housing downturn ......
By Octavio Nuiry | Wednesday, August 19, 2015
Foreign wealth flows to US residential markets

Foreign wealth flows to US residential markets

In the 5,000 years of China's history, never have so many Chinese quietly moved so much money out of the country at such a fast pace. Nowhere is that Sino capital flight more prevalent than the U.S. residential real estate market, where billions are ...
By Octavio Nuiry | Tuesday, August 18, 2015
Motivate move-up buyers with home trade-ins

Motivate move-up buyers with home trade-ins

How can Realtors get sellers — and buyers — motivated? In Ohio, homebuilder Trinity Homes is turning to a page from the automotive industry to move inventory: home trade-ins. Columbus-based Trinity Homes, the largest homebuilder in central Ohio, ...
By Octavio Nuiry | Friday, February 27, 2015