Any time bonds improve as much as they have over the past 2 days (and indeed over the past 2 months), there’s a risk of a corrective bounce. In fact, one of the core concepts of technical analysis is the notion of “overbought” vs “oversold.” There are a few ways to define these terms, but they basically define themselves. Simply put, if traders have been doing nothing but buying bonds, it suggests an imbalance that will have to be filled by sellers.
Unfortunately for those who wish to predict the future with momentum
The point is that we could get either outcome and we don’t know which one it will be yet. If the rally continues, stochastics will look like 2019. If there’s a corrective bounce, it will look like early 2023. It may not be clear which version is winning until the data in the first week of January.
On a positive note, today’s resilience is impressive due to the fact that bonds have an excuse to be weaker. It’s the Friday before a 3 week hibernation phase for financial markets. This is even more palpable for bonds. It doesn’t mean no one will be trading and that yields won’t be moving–simply that the movement may not be indicative of the market’s true sentiment. Lower volume and liquidity mean that fewer trades and traders are required to influence trading levels. The “Friday before an illiquid week” part means that it would make sense for traders to be exiting long positions after a huge rally (something that should push yields higher).
NY Fed Pres Williams provided plenty of ammunition for bond sellers this morning by saying the Fed wasn’t really talking about rate cuts. There was a logical reaction initially, but then an uncanny recovery. Needless to say, if sellers had been determined to facilitate a sincere corrective bounce, this would have been enough of a scapegoat. The fact that we’re embarking on the remainder of the day at roughly unchanged levels is evidence of just how serious the market is about trading near these levels.
Are you looking for the best game apps to win money? Yes, you can actually play games to win real money on your phone and make extra money. There are lots of apps for both iPhones and Androids that let you do this. If you already spend a lot of time playing games on your…
Are you looking for the best game apps to win money?
Yes, you can actually play games to win real money on your phone and make extra money.
There are lots of apps for both iPhones and Androids that let you do this. If you already spend a lot of time playing games on your phone, then you might as well get paid for it, right?
In this article, I’m going to talk about some really good game apps that let you win actual money prizes. These games include ones like those you might find in a casino as well as easier puzzle games and even arcade style games. So, there’s something for everyone. When you play and collect points or coins, you can get your winnings through easy ways like PayPal and Apple Pay.
Key Takeaways
Playing game apps can be fun and you can even win real money.
The best game apps that pay real money include KashKick, Swagbucks, and InboxDollars.
Popular payout methods include PayPal, Apple Pay, and gift cards.
Game apps pay real money rewards because they make their money from ads and in-app purchases. They give you a portion of their earnings to encourage you to continue playing their games.
Do any game apps actually pay real money?
Yes, some game apps do pay real money or in gift cards. They most likely will never be a main source of income or a full-time job, though – simply just a way to make some extra money.
Why do game apps pay you real money?
Game apps that give out real money usually make money through ads, things you buy in the app, and paid gaming competitions/tournaments. They share a little of what they earn with you to get you to keep playing their games.
Sometimes, game apps have partnered with different game developers and companies so that people will try new games and earn rewards for them. Since the game app is being paid and they want more people to play the game, they then will share some of their earnings with you to get you to keep playing the games in their app.
It’s a win-win! You get to enjoy yourself and make some extra money, and businesses get to showcase their ads and games to a wider audience.
Recommended reading: 30 Best Money Making Apps
Best Game Apps To Win Real Money
Here’s a quick list of the top game apps that pay real cash:
KashKick
Swagbucks
InboxDollars
Below, I dive further into the best game apps to win real money.
1. KashKick
I think the best game app to win real money is KashKick.
KashKick allows you to earn $100 or more by playing popular mobile games like Yahtzee and Monopoly GO. You can also make money by trying new products and services, watching videos, answering surveys, and reading emails.
There are many different games you can play on KashKick such as:
Coin Master
Monopoly GO
Yahtzee
Family Island
Bingo Blitz
Scrabble Go
Solitaire Smash
MGM Slots
For example, here’s how you can make money playing Monopoly Go on KashKick: “Install (make sure to accept tracking requirements on your device!) and reach Board 27 within 8 days from the install date to get $30, reach Board 42 within 12 days for $40 more and reach Board 71 within 24 days for another $50 – for a total of $120!”
Please click here to sign up for KashKick for free.
Recommended reading: KashKick Review
2. Swagbucks
Another favorite game app to win real cash is Swagbucks.
Swagbucks is a very popular rewards site where you can earn money by playing games, taking surveys, watching videos, and shopping online, and you can cash out what you earn with PayPal cash or gift cards.
Swagbucks is a company that I started using years ago, and it has helped me easily earn some extra cash on the side, all from home or while traveling. I have personally earned over 100 free gift cards through Swagbucks, so I know that they are a legit game app that pays you real money!
To play games on Swagbucks, you simply head to the “Play” tab when you are logged in. When I logged in, I had over 20 available games that I could get paid to play, with a total rewards value of $2,264.02 or 226,402 SB points.
Some of the games you can play on Swagbucks include:
Match Masters
Farmville
Lucky Buddies
Dragonscapes Adventure
Wizard of Oz Slots
Solitaire Smash
POP! Slots
Dice Buddies
Swagbucks Live
If you join Swagbucks through my referral link, you can receive a $10 bonus.
Recommended reading: Swagbucks Review
3. InboxDollars
InboxDollars is another good rewards site that pays you cash for taking surveys, shopping online, playing games, and reading certain emails. In fact, InboxDollars has been around since 2000, and they have paid over $80 million in cash and gift cards.
They pay via PayPal cash as well as gift cards to places such as Amazon, Apple, Target, Dunkin’ Donuts, Lowe’s, Barnes & Noble, and Gap.
To play games on InboxDollars, simply head to the tab that says “Games.”
When I log in, I have 8 games available for me to currently play, such as Mahjong Dimensions, Solitaire, Word Wipe, Monkey Bubble Shooter, Pyramid Solitaire, Candy Jam, Pet Hop, and Giant Hamster Run.
Sign up for InboxDollars here and get a free $5 bonus.
4. PrizeRebel
PrizeRebel is a popular rewards site where you can play games (as well as take surveys that pay instantly and more). You can redeem your rewards points for PayPal cash, gift cards, and even cryptocurrency.
Some of the games on PrizeRebel include Bingo Blitz, Solitaire Grand Harvest, Age of Apes, Kingdom Guard, Yahtzee, Woody Sort, Viking Rise, and more.
You can sign up for PrizeRebel here.
5. MyPoints
MyPoints is a rewards platform where you can earn money by playing games, watching videos, and participating in surveys. Your earnings can be redeemed as gift cards or PayPal cash.
To get paid to play games on MyPoints, you log in and head to the “Games” tab, and there you will see games such as Bejeweled, Bingo, Catch 21, Puzzle Match, Wheel of Fortune, and more.
Sign up for MyPoints by clicking here.
6. Blackout Bingo
Blackout Bingo is a highly-rated bingo game app that allows you to win real cash. In fact, there are nearly 90,000 reviews on the App Store alone, with an average of 4.5 out of a 5 star rating.
Over 5,000,000 people have played this bingo app where you can win rewards and cash prizes too.
You play against other players in real time and can cash out your winnings via PayPal.
7. Bingo Cash
Bingo Cash is a fun game of Bingo that you can play for free, and you can play against other people no matter where you are in the world. You get to “travel” to different places in the game and practice your Bingo skills. Plus, you can win really big prizes!
Bingo Cash is a free game that you can play on the popular gaming platform called Papaya.
It’s easy and safe to get your prize money through PayPal. You can choose from lots of cool prizes like Airpods Pro, iPads, and coffee makers!
Note: If you live in AZ, AR, CT, DE, LA, MT, SC, SD, or TN, you can’t join prize tournaments. But don’t worry, you can still play for fun with the game app’s virtual currency.
8. Solitaire Cube
If you like to play solitaire, then this is the game app for you as you can get rewarded for playing just like how you normally do.
Solitaire Cube is a card game app that allows you to test your card skills and win real money. The game is available for free on iOS and Android and is perfect for solitaire fans who want to put their skills to the test.
With this game app, you play against other real players all from your phone. Your rewards can be cashed out for PayPal cash or Apple Pay.
9. Mistplay
Mistplay is one of the most popular game apps to win money, with over 400,000 reviews and an average rating of over 4.1 stars out of 5. There have been over 10,000,000 downloads of this app too!
Mistplay is an app where you can earn money by playing and testing new games on your smartphone. It’s a great option if you enjoy discovering new games and want to make some extra cash.
Mistplay has given away $60,000,000 in rewards for playing games since the site was created too.
You can redeem your points for PayPal cash or gift cards to Visa, Amazon, and more.
Note: This app is currently only available for Android phones on Google Play.
10. Fanduel Fantasy Sports
If you like football, soccer, hockey, baseball, basketball, golf, and other sports, then this is the app for you.
Fanduel Fantasy Sports is a sports betting site where you create your fantasy sports lineup and compete with other players for cash prizes.
With this app, you have a chance to win real money. You simply create your fantasy team, keep an eye on your scores, and compete every day for prizes in lots of different fantasy contests.
Note: Fanduel Fantasy Sports is only open to U.S. residents and users must be 18 or older (19 or older in AL, 21 or older in AZ, IA, LA, MA). Users physically located in DE, ID, HI, MT, NV, and WA are not eligible to participate in paid contests.
11. Cash’em All
If you’re a casual gamer and want to play games in your spare time for a chance to win real cash, give Cash’em All a try.
This app doesn’t bother you with in-app purchases or ad walls. Instead, you earn points, or “coins” as the app calls them, for each second you play their games.
There are many different games that you can play on Cash’em All, such as Candy Crush, Match Masters, Bingo Blitz, Coin Master, and more.
You earn points which then can be exchanged into PayPal cash or gift cards to places such as Netflix, Amazon, and more.
Note: This app is currently only available for Android phones on Google Play.
12. 21 Blitz
21 Blitz is a blackjack and solitaire hybrid card game where you can win real money, and it’s a fun choice for people who like card games. Also, it’s great for practicing blackjack, exercising your brain, or simply having fun.
You can play against real people for free. When you feel ready, you can switch to cash games and have a chance to win real money.
This game is a part of the Skillz platform, which is a popular game app platform where people can win real money through their collection of different games that they have (they have some of the best games to win real money).
13. Pool Payday
Pool Payday is the top pool game app where you can play 1-on-1 pool games and win real cash prizes.
This is a free game app where you can win real money taking pool shots and winning points.
The app is available on iOS devices through the App Store, and you can withdraw your winnings via PayPal cash or Apple Pay.
Note: You can join cash tournaments in most places around the world. However, if you live in AZ, AR, CT, DE, IL, IN, LA, ME, MT, SC, SD, or TN, cash tournaments are not available. But, you can still play for free if you live in these states.
14. Bubble Cash
If you like bubble shooter games, then this is the best bubble shooter game app.
Bubble Cash lets you play against other players in real-time bubble shooter games, with the chance to win cash prizes. Bubble Cash is a bubble shooter game where the more bubbles you pop, the higher your chances of winning.
I know people who spend hours playing these types of games, so this can be a fun way to get rewarded to play a favorite game.
Here’s how to play:
Match three bubbles of the same color to pop and clear the board.
Tap the screen to aim the laser, then lift your finger to shoot the ball.
You can download the app on iOS and Android devices.
15. Solitaire Cash
Solitaire Cash is a card game app where you can play solitaire games for real money.
Once you download the game for free, you can play regular or cash tournaments and have a chance to win real money.
You’ll play against players of similar skill levels, and everyone gets the same deck. So, the game is fair and based on your skills.
The app is available on iOS and Android devices.
16. Rewarded Play
Rewarded Play is an app that pays you for playing games on your phone. If you want to play a variety of games, then this is the app for you.
You can play games such as Scrabble, Yahtzee, Bingo Blitz, Wheel of Fortune, and more.
The way the app works is that they introduce you to new games. Then, the more time you spend playing their games, the more points you can earn. Your points can be redeemed for gift cards to places such as Amazon, Walmart, Target, Nordstrom, and more.
17. Dominoes Gold
Dominoes Gold is one of the best dominoes game apps where you can put your domino skills to the test and win cash prizes.
You play by challenging your opponent in the same games against the computer and see who can win with more points.
The app is available for iOS devices, and you can cash out your winnings via PayPal.
18. AppStation
AppStation is an app that pays you for playing new games on your phone. You can earn coins by trying different games and then redeem them for PayPal cash or gift cards. Games include Fishdom and Match Royal.
Note: Only available for Android users.
19. Jackpocket
Jackpocket is an app that lets you play lottery games and potentially win real cash prizes. You can buy lottery tickets through the app and even be notified if you win. This can be an easy way to play your local lottery games right from your phone.
You can have Powerball, Mega Millions, Cash4Life, and other lottery tickets from NY, NJ, and NH sent directly to your phone.
Just pick your game and numbers (or use Quick Pick), and the app will safely get your ticket from a licensed lottery seller.
If you win less than $600, the money goes directly to your Jackpocket account. For big wins, they make sure to safely deliver you your ticket so that you can redeem your winnings yourself.
20. Cookie Cash
Cookie Cash is a Match 3 puzzle skill game from Papaya Gaming that is for the iPad and iPhone.
With Cookie Cash, you can play as much as you want for free. Then, once you’re ready, you can compete against other players for prizes and real money, such as PayPal cash and Apple Pay.
Note: Cash tournaments are not available in the states of AZ, IA, LA, and SC.
21. Money Well
Money Well has many arcade-style games that you can play to win real money, and this is a very popular game app with over 10,000,000 downloads and an average rating of 4.3 stars out of 5 stars (with over 528,000 reviews!).
You can simply play the games, collect coins, and cash out your earnings for PayPal cash and gift cards to places such as Grubhub and Apple.
22. Bingo Clash
Bingo Clash is a bingo game app from AviaGames with high ratings, and they give real money payouts through PayPal, Apple Pay, Visa, Mastercard, American Express, and Venmo. You can play this game for free and enjoy the competitive nature of real-time bingo.
You’ll play against real players who have similar skills and compete in classic, fun, and fair cash games based on your skills. You can also take part in tournaments with different match styles, and the higher you place, the bigger your prize.
Note: Cash games are not available in the following states of AZ, AR, CT, DE, LA, MT, SC, SD, TN, and VT. But, if you live in one of these states you can still play the game for free.
23. Spades Blitz
Spades Blitz is a card game app where you can win cash earnings by playing and mastering the popular card game of spades.
With Spades Blitz, you compete against real people from around the world in tournaments, where you pay an entry fee to take part.
You can get paid via PayPal cash or check.
Note: The app is available on the App Store and the Galaxy Store. Currently, Spades Blitz is only available for iPhones and Samsung devices.
More Ways To Get Paid To Play Games
There are more ways to get paid to play, other than the game apps listed above. If you like to play games and want to make money, some other ideas to look into include:
Become a Twitch streamer
Twitch is a site where you can make money playing video games, talking, and more.
If you like playing video games, live streaming yourself playing can be a way to make money doing what you love. As you gain followers and subscribers on Twitch, you can earn income through ads shown on your stream, donations from viewers, and monthly subscription fees.
Most Twitch streamers don’t earn a full-time income, but there are some who make well over $100,000 annually. In fact, a few even bring in millions of dollars each year.
To see success on Twitch, I recommend finding ways to keep your audience interested, playing the games that you actually enjoy, and sticking to a regular streaming schedule (because your followers will want to see you consistently!).
You can learn more at How Much Do Twitch Streamers Make?
Play in game tournaments
Playing in gaming tournaments can be a way to make money if you’re really good at a certain game.
Many popular competitive games like Fortnite, League of Legends, and Call of Duty host large-scale tournaments with large prize money.
You’ll need to practice a lot, though, as there are many good players in all games – and you want to be the best in order to actually make some money.
Start a gaming blog
If you love games, then you may be interested in starting a gaming blog.
Starting a gaming blog gives you a platform to share what you know about games, your thoughts on games, and your experiences with other gamers. You can make money from your blog through ways such as affiliate marketing, sponsored content, display ads, or even by selling merchandise.
You can learn more about how to start a blog here.
Become a game creator
If you love gaming and have an interest in design or programming, think about making your own games. Independent game creators can build games for different platforms like PCs, consoles, or even phones.
While a college degree isn’t always required, it can be very helpful. You may want to get a degree in fields like game design, computer science, or graphic design, and also look for courses specific to game design.
First, try finding internships, co-op programs, or beginner-level jobs at companies that make video games. This will give you important experience in the field and let you learn from people who have been doing this for a while.
Sell game merchandise
If there’s a popular game out there, then you may be able to sell merchandise to earn some extra cash.
Some examples of merchandise include T-shirts, posters, or accessories based on popular games.
Of course, you will want to make sure that you can legally do this, as you don’t want to get in trouble for pretending to be a certain game app or anything like that.
My Tips For Playing Game Apps That Pay Real Money
Below are my tips for getting paid to play game apps from your phone.
Be smart about how much time you are spending.
When playing game apps, it can be really, really easy to let time get away from you and play too much (especially if you are a winner!). After all, you are probably having fun and it’s something that you can easily do from your phone.
But, you don’t want to forget about everything else in your life.
You don’t want your game app playing to turn into an obsession (such as with arcade games or trivia games) or into a gambling addiction (as many of the above are similar to casino games).
So, I recommend being careful with any games that require you to pay money (such as to join tournaments) and know your limit. You may want to set a timer for playing and a budget.
You may have to pay taxes.
If you’re winning money from these game apps, then you will need to pay taxes. This means that you will want to save money from any of your winnings for taxes so that you are not surprised at the end of the year with a huge tax bill.
Read real reviews and experience with game apps that pay money.
When you’re trying out different game apps where you win real money, it’s important to read real reviews and experiences. This helps you make a smart choice as reading honest thoughts from other players can give you a clear picture of the app’s pros and cons, how they pay out, how easy they are to play, and if people actually enjoy them.
Some things in game app reviews to look out for include:
If the customer service support is helpful (do they actually answer emails if you have an issue?)
If payments are actually being made and if they are on time (if many people are leaving reviews saying that they are not getting their payments, then you may want to do more research before you start playing games on that specific app)
If the game is fun (of course, this is just an opinion and everyone is different, though)
Keep in mind, while winning real money in gaming apps can be exciting, it’s important to remember that it’s not a full-time job with a full-time income. Always focus on having fun first.
Frequently Asked Questions About Playing Game Apps To Win Money
Below are answers to common questions about playing game apps to win real money.
Which games are best for earning real money? What are some popular real cash games?
There are many game apps that can help you earn real money and some of the top game apps are KashKick, Bingo Cash, Blackout Bingo, Solitaire Cash, and Mistplay. You may want to test a few and see which one is a game that you actually like.
How can I find legit cash games?
To find real cash games that you can trust, you should look for ones that are popular and have good reviews by looking at the Apple Store or Google Play Store to read user ratings and reviews. This can give you a good sense of the game’s legitimacy and whether or not they actually pay out the rewards you earn.
Do any game apps offer instant payouts?
Even if some game apps claim to have instant payouts, the actual time it takes can still vary. Usually, it might range from a few minutes to a couple of days for your rewards to show up in your account.
Are there money-making game apps for iPhones?
Yes, there are several money-making game apps available for iPhone users. Some of the popular ones include Solitaire Cube, 21 Blitz, and Blackout Bingo.
Can I earn money directly to my bank account with game apps?
Certain game apps let you transfer your earnings directly to your bank through direct deposits, while others pay through PayPal, Apple Pay, Amazon gift cards, or other cash rewards.
Game Apps To Win Money – Summary
I hope you enjoyed this article on how to play game apps to win money. As you can see, you have many options!
To sum it up, there are game apps that give real money rewards, and they can be a fun way to spend your time. But remember, they shouldn’t be your main source of income. Think of them as a fun way to make a bit of extra money.
Do you play any game apps to win money? Which one is your favorite?
Keep in mind that this method might not be feasible for everyone to follow, especially in places like New York City, San Francisco, and Boston where rent is extremely high. For example, the average monthly rent in New York City is $5,600, meaning you would need an annual salary of at least $224,000 to follow the 30% rule.
If you live in a high-cost city and find this rule unrealistic for your scenario, you may want to consider following a different budgeting technique.
2. 50/30/20 Rule
The 50/30/20 rule is a technique that divides your after-tax income into three categories—50% toward needs, 30% toward wants and 20% toward savings. This method isn’t as straightforward since rent is a part of the broader “need” category.
Let’s walk through a step-by-step example to determine your rent budget according to the 50/30/20 rule:
Step 1: Determine 50% of your monthly income: If your monthly take-home pay is $6,000, then allot $3,000 per month toward needs.
Step 2: Add up your other expenses in the “needs” category: Other expenses in the “needs” category include minimum payments on loans, groceries, health care, car payments, and utilities. In this example, let’s say each month you spend $500 on groceries, $100 on health insurance, $150 on utilities, $20 on credit card bills, and $500 on a car payment, which totals $1,270.
Step 3: Subtract the other “needs” expenses from the total “needs” budget to determine your monthly rent: To determine your rent budget, you would subtract $1,270 from $3,000, which equals $1,730.
If, after using this template, you find that your rent budget is lower than you’d prefer, you can lower your other “needs” expenses to allot more money toward your rent budget. For example, you could get a more modest vehicle, shop at a more affordable grocery store, or take steps to lower your utility bill.
3. 70/20/10 Rule
Similarly to the 50/30/20 rule, the 70/20/10 rule divides your post-tax income into three different categories. With this technique, 70% goes to spending, 20% to saving and investing and 10% to debt repayment and donations. With this rule, rent is a part of the “monthly spending” category.
Here’s how to calculate your monthly rent budget according to the 70/20/10 rule:
Step 1: Determine 70% of your monthly income. If your take-home pay is $6,000, allocate $4,200 to the “spending” category.
Step 2: Add up your other monthly spending expenses: Let’s estimate that you have the same “needs” expenses as the example above, which total $1,270. Your monthly “wants” budget includes $250 on eating out, $200 on clothing shopping, $85 on a gym membership, $200 on entertainment, and $300 on travel. Your total monthly spending would equal $2,305.
Step 3: Subtract your monthly spending expenses from the 70% spending budget to determine your monthly rent budget: To determine your budget, you would subtract $2,305 from $4,200, which equals $1,895.
With this rule, you may have more wiggle room to increase your rent budget by cutting down spending on your wants. For example, you could reduce the frequency of eating out or spend less money on clothes to grow your rent budget.
Other Factors to Consider
Remember that there isn’t a one-size-fits-all approach to how much to spend on rent. When deciding between different rental options, consider how the following factors may add additional costs or offer savings opportunities:
Location: Consider the distance to places you frequent and how that might affect costs. For example, you might find that rent is $100 less further out of the city. However, if you drive to the city for work every day, gas money might eat at your cost savings. Not to mention the additional time it adds to your commute.
Amenities: Consider what amenities the apartment offers that could save you money on other parts of your budget. For example, an on-site gym could save you approximately $75 monthly on a separate gym membership.
Remote work: If you work from home, you might put your transportation cost savings toward your rent budget to allow additional space for a home office.
Utilities: Some landlords include utilities in the rent price, while others don’t. Since the average electric bill is $137, it’s important to take this factor into account.
Internet and cable: Consider whether your rent includes internet and cable. Some complexes may require you to purchase an internet and cable package.
How to Save Money on Rent
Due to rising rent costs across the U.S., staying within your rental budget can be a challenging task. Consider the following tips to save money on rent:
Get a roommate: As of February 2023, the average monthly rent for a one-bedroom apartment in the U.S. is $1,152, while the average rent for a two-bedroom apartment is $1,320, which means getting a roommate can save you $492 a month.
Sign your lease in the winter: Studies have shown that December through March are the cheapest months to sign a lease due to decreased demand during the winter season.
Negotiate with your landlord: If you’ve been a reliable tenant or have a strong rental application, you may be able to negotiate your rent. Keep in mind that you’ll likely have more luck negotiating with an independent landlord than a property management company.
Offer to pay upfront: If you have enough savings, offer to pay a few months to a year of rent up front in exchange for a discount.
Opt for a long-term lease: Many landlords prefer long-term tenants and will offer lower rates if you sign a longer lease.
Move to a cheaper area: Generally, rent is more expensive in cities compared to rural or suburban areas. However, If you want to live in an urban area, consider opting for a smaller, more affordable city like Tulsa, OK, rather than a large city like New York, NY.
Budgeting techniques like the 30% rule, the 50/30/20 rule, or the 70/20/10 rule can provide you with a guideline of how much of your income to spend on rent. Additionally, looking for ways to save on rent can help you reach your other financial goals.
Now that you’ve determined your rent budget, credit score is another factor to consider when apartment searching. Landlords and property managers will likely perform a credit check to help determine your ability to pay rent. Generally, your credit score should be in the “good” range (670 or above) to improve the odds of your applications getting approved. While you can get an apartment with bad credit, you might have to jump through additional hoops.
Unsure what your credit score is? Check your credit score for free today to make sure you’re ready to sign a lease.
Welcome to Throwback Thursday, a web series where we revisit the most memorable properties we’ve covered in the past — and see what happened to them. Ranging from architecturally distinct properties to luxury listings with some quite unique features, to unforgettable houses that left us daydreaming about potentially moving in one day, Throwback Thursday revives our past favorites and provides an update on whether or not they’re still on the market, how much they sold for, and, if the information is publicly available, who bought them. This article has been updated to reflect the current status of the property, but all the information about the house itself as well as the property photos date back to our initial coverage (published on October 1, 2020).
Many million-dollar homes often come with name-bragging rights.
Sometimes, it’s because a celebrity once lived in the house, or because a famous designer left its expert touches on the home’s interiors; or maybe the address itself is well-known, for one reason or another.
But there’s a whole other level of name-dropping that comes with owning a home envisioned by one of our generation’s leading architects.
And that’s exactly the case for this modern glass home in Sagaponack, NY, designed by world-renowned architect Shigeru Ban.
In fact, the property is the award-winning Japanese architect’s first and only work in Long Island. And since it spent some time on the market in recent years, we got to take an exclusive look inside.
Famous for blending traditional Japanese elements with modern Western architecture, Shigeru Ban was named to TIME magazine’s shortlist of 21st-century innovators, won the 2014 Pritzker prize (the biggest distinction in the architecture world), and left his imprint on structures like the Aspen Art Museum, Centre-Pompidou-Metz in France, and Tainan Art Museum in Taiwan.
Despite his many accolades, the Japanese architect is most known for being a champion of sustainable architecture and has been instrumental in designing disaster relief housing from Rwanda to Turkey.
His design philosophy is centered around creating uniquely free and open spaces with concrete rationality of structure and construction method, and the Hamptons house is a perfect embodiment of this.
With a design based on Ludwig Mies van der Rohe’s unbuilt Brick Country House (which dates back to 1924), the 8,000-square-foot home boasts unique architectural features, including a row of pillars that line the path to the front door — that can double as hidden storage.
The 5-bedroom, 5.5-bath home features exceptional furnishings by renowned designer Shamir Shah.
It has floor-to-ceiling windows, an oversized living room (with a wood-burning fireplace and wraparound views of the landscaped lawn), and a massive workout room that is more akin to a private high-end gym — complete with oversized mirrors and every piece of equipment you could think of, including a spin bike, elliptical, treadmill, press machines, and more.
See also: This Floating Farmhouse in the Catskills dates back to the 1820s, but you could never tell
The indoors seamlessly open to the outdoor areas, where there’s a heated in-ground pool and a pool-side terrace with multiple lounging areas — adding to the tranquil zen garden area (with a modern stone fountain) which greets visitors as they enter the property.
What happened to this Shigeru Ban-designed home?
When we covered this property back in October 2020, it had just been listed for sale asking $4,995,000.
Listed with Matt Breitenbach of Compass, the architectural property was already marked as ContractSigned on the brokerage’s website mere days after it came to market, which means it’s likely that an architect buff has quickly seized on the opportunity to own a home designed by the Pritzker-prize winner.
As is to be expected for a property of this caliber, the Shigeru Ban-designed home sold for way over its original asking price.
Public records show that the sale closed in March 2021 for $5,250,000. That’s 5% over ask.
>> Follow us on Google News for more stories like this, in real-time
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Mmmmm donuts. Homer Simpson was onto something, for sure.
Whether it’s glazed, sprinkles or jelly-filled, donuts are one of the most iconic breakfast treats in the country.
Best cities for donuts
Our rankings go beyond favorite shops around the U.S. We looked at the 150 most populated cities in the country. Then, to create our top 10, we looked at the proportion of donut businesses in a city, donut businesses per capita and donut businesses per density.
Take a look at our top 10 best cities for donut lovers — you won’t be able to walk away without your favorite donut hole.
10. McKinney, TX
Historic downtown McKinney will capture your heart with its charm. Visit one of the many stores on Main Street, followed by a bit of barbecue and a concert at the McKinney Performing Arts Center.
The quiet town is only 45 miles from Dallas with about 15 donut shops per 100,000 residents, so you’ll have your pick. Get in line for one of The Donut Kitchen‘s apple cinnamon donuts that tastes just like fall.
9. Philadelphia, PA
We’ll never know if our forefathers enjoyed a good donut, but Philadelphia, indeed, has many options when you look both at density and per capita rank. You’ll get a unanimous “Beiler’s Doughnuts” on where to go first if you ask anyone in the city. The Amish bakery serves Pennsylvania Dutch doughnuts like an apple fritter, chocolate glazed cake and famous peanut butter and jelly.
For the vegan inclined, Dottie’s Donuts offers lemon lavender, vegan maple bacon, cinnamon sugar and even a vegan Boston Creme.
8. Orlando, FL
Orlando is currently a hub for some of the best donut shops in the country — Portland’s Voodoo Doughnut at Universal and the Salty Donut hailing from Miami with delicious cake donuts.
Or, Seattle’s Dochi Japanese Mochi Donuts serving donuts made with rice flour that are chewy inside and crispy outside. But it also has some delicious local options like DG Doughnuts‘ fluffy yeast donuts or Valkyrie Doughnuts‘ cronuts and vegan offerings.
Orlando has one of the highest per capita numbers in our top 10 list, with about 23 stores per 100,000 residents.
7. Boston, MA
Boston enjoys a high city walk score of 89, making it easy to hop from donut shop to donut shop in the mornings with a bit of cardio in between. The city has 11 stores per 100,000 residents and a high density of donut shops at 1.6.
Union Square Donuts takes the cake for most original with brioche-style dough that resembles more pastry than a donut but is equally good.
If you’re just looking for a cup of joe and a traditional donut, try Demet’s Donuts.
6. Newark, NJ
Newark isn’t just an airport layover stop — it’s also home to more than 25 Dunkin’ locations just minutes from each other. The density of Dunkin’ in Newark and how many hot and fresh donuts they’re making each morning pushes Newark to No. 6 on our list.
If you want something more unique, stop by Suissa. This small Portuguese bakery makes a deep-fried sonho, a sugar-topped donut you’ll love.
5. Buffalo, NY
In Buffalo, Paula’s Donuts reign supreme. Among the favorites? Paula’s peanut sticks, a cake donut stick coated in peanut. The menu also includes classic sprinkles, Bavarian-style donuts, glazed and jelly donuts. In a recent Buffalo News survey, one reader said that they would drive 1,800 miles for one.
You’ll have choices beyond Paula’s as Buffalo has 18 donut stores per 100 residents.
4. Providence, RI
Despite having a population of fewer than 200,000 residents, Providence has an impressive density of donut shops. For gourmet donuts, visit PVDonuts, a local favorite that serves brioche-style donuts along with seasonal offerings. Similarly, Knead Doughnuts makes fresh donuts every day via pre-order like maple sea salt, butternut squash fritter and spiced sour cream.
3. Jersey City, NJ
Sure, you could go to Krispy Kreme, but Jersey City has so many more donuts to offer. Taking the No. 3 spot on our list, Jersey City has both coffee shops and donut shops to choose from. The Grind Shop carries donuts from New York’s Doughnut Plant with flavors like matcha green tea, red velvet, PB&J and more.
Or, head to The LoDG, where very creative flavors rotate monthly. Don’t miss the Lil’ Chickies (chicken and waffles cake donut), What’s the Flan and Reverse O-S’moresis.
2. Rochester, NY
Family-owned and secret recipes are the name of the donut game in Rochester. Since 1958, Donuts Delite has baked their famous cannoli donuts. The donut is filled with fresh cannoli cream and chocolate chips. Ridge Donut Cafe, operating since 1977, boasts over 30 varieties, including the classic glazed, coconut and powdered blueberry.
Rochester has a pretty high density of shops, so these two will get you started on a delicious tour.
1. Worcester, MA
And our No. 1 best city for donut lovers is Worcester, with an impressive density of shops that offer hot donuts. Worcester also has a whopping 22 stores per 100,000 residents — that’s a lot of donuts near each other. Glazy Susan, a newer specialty shop in the city, slings flavors like cannoli, pumpkin cheesecake, maple French toast cake and, of course, chocolate sprinkle. Get there early, as the shop tends to sell out.
The 50 best cities for donut lovers
Your city didn’t make the list? D’oh! Don’t worry, check out the 50 best cities for donut enthusiasts below and find the nearest spot to you.
The top 10 worst cities for donut lovers
A lower density of donut shops leads to long lines, sold-out inventory and you missing out on a Saturday morning treat. Here are the top 10 worst cities.
Methodology
To find the best cities for donuts, we looked at the 150 most populated cities in the U.S. according to the Census Bureau’s population estimates. We then used a database of more than 8 million business listings to determine the count of donut shops in any given city.
Then, we calculated the proportion of donuts (donut shops compared to all businesses), donuts per density (donut shops per square mile) and donuts per capita (donut shops per population) in each area. We weighted these factors, and the cities with the best overall score were determined to be the best cities for donuts in America.
Business listings may not reflect recent openings or closures.
Muriel Vega is an Atlanta-based journalist who writes about technology and its intersection with arts and culture. She’s worked on content for startups like Mailchimp, Patreon, Punchlist, Skillshare, Rent. and others. Muriel has also contributed to The Washington Post, Eater, DWELL, Outside Magazine, Atlanta Magazine, AIGA Eye on Design, Bitter Southerner and more.
A 2,855-square-foot unit is up for grabs in one of only a few condominiums located on the prime stretch of Central Park West.
And it has a coveted perk that’s hard to find in the middle of a bustling city: Park views from nearly every window!
The corner unit is located directly across the street from Central Park, between 88th Street and 89th Street on the Upper West Side, surrounded by lush greenery that can make you forget you’re in the very heart of one of the world’s busiest cities.
The condo unit is in the 279 Central Park West building, a 24-story, full-service condo designed by acclaimed architect and designer Costas Kondylis.
If the name sounds familiar, that’s because the prolific architect helped shape the New York skyline, designing over 85 buildings, many of them for former U.S. President Donald Trump. Specializing in luxury buildings and residential skyscrapers, Constantine “Costas” Kondylis was President Trump’s go-to designer, before passing away in 2018.
The 3 bedroom, 3.5 bathroom duplex home — listed for $7,750,000 with Harriet Kaufman of Coldwell Banker Warburg — offers kitchen and entertaining areas on the lower level and private bedrooms on the upper level.
The 279 Central Park West condo welcomes guests and residents with a charming foyer with a powder room, before leading them into an expansive 35-foot living and dining area, adorned with oversized bay windows that open up to panoramic Central Park views.
The oversized kitchen features top-of-the-line appliances, plenty of storage and counter space, and a large eat-in area with a south-facing window.
An elegant staircase then leads to the upper level, where we find the condo’s 3 bedrooms (all featuring en-suite baths) and a home office.
Future owners of the 279 Central Park West condo will get to enjoy the building’s many amenities, which include a gym, indoor/ outdoor playroom, bike room, and private storage.
But the biggest draw is by far the building’s stellar location and proximity to Central Park and all the best New York City has to offer.
And if extra bragging points are needed, a Rockefeller also lived in the building.
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The Asian Real Estate Association of America (AREAA) today released its annual A-List which honors 162 individual real estate agents and 83 teams for outstanding production in 2022, along with 36 mortgage professionals. The A-List honorees, all AREAA members, generated more $15.4 billion in sales volume from 20,472 transaction sides in 2022. A-List honorees will be recognized at AREAA’s National Convention on October 12-14 in Chicago.
The list of real estate agents and teams on the A-List was produced again by leading-industry observer RealTrends in partnership with Bank of America. AREAA honored 167 individual agents and teams a year ago.
Shirley Gary of Ansley Christie’s Real Estate generated 263 transaction sides in 2022 to lead all individual sales professionals on the A-List. She was listed 22nd in the nation on RealTrends’ “The Thousand.”Danielle Moy (204 sides) with @Properties in Orland Park, Ill., Eric Delgado (201) with Keller Williams Encino Sherman Oaks in Encino, Calif., Meghan Clarkson (140) with Long & Foster Real Estate in Chincoteague Island, Va., and Stephanie Vitacco (137.5) with Equity Union in Encino, Calif. followed on the sides list.
Tracy Allen of Coldwell Banker Realty in Honolulu, Hawaii, generated $200.92 million in 2022 volume to lead the A-List. She was 77th in RealTrends’ “The Thousand.”, Gary ($191.42 million) was second followed by Vitacco ($180.47 million), Delgado ($147.64 million), and Zar Zanganeh with The Agency Las Vegas ($112.28 million).
Long Doan’s Realty Group in Minneapolis, Minn., repeated as the top team on the A-List team transaction sides list with 4,412 in 2022. The Advanced Super Team (2,893 sides) led by Calvin Gong in Arcadia, Calif., was second followed by Kenny Truong’s Fast Real Estate (977) with eXp in Oakland, Calif., Kyle Yeatman’s Yeatman Group (919.23) with Long & Foster Real Estate in Midlothian, Va., and Momentum Realty (482), led by Michael Ramos, in San Jose, Calif.
The Advanced Super Team earned top honors in sales volume, generating $2.69 billion in 2022, followed by the Realty Group with $1.5 billion. The next three highest-earners in sales volume were Fast Real Estate ($755.9 million), Andy Tse’s Intero Real Estate Services in Saratoga, Calif. ($712.3 million), and the Yeatman Group ($413.1 million).
For the second straight year, Shashank Shekhar, the founder and CEO of InstaMortgage in San Jose, Calif., was the top loan originator by mortgage units with 400 closed mortgages in 2022. Leading the A-List in mortgage volume was Joanna Yu of US Bank in Los Altos Hills, Calif., with 244.3 million in volume, marking her second straight year leading in her respective category.
“AREAA’s A-List is eagerly anticipated each year,” said AREAA President Kurt Nishimura. “This list not only gives us insight into the growth and success of our members, but it also shows the full impact that AANHPI real estate professionals have on the industry. This professionalism within our AREAA membership is widely known within the real estate industry. This group is a major reason why. Their production is awe-inspiring.”
The A-List was developed using these criteria:
RealTrends identified honorees by cross-tabulating AREAA membership with those on its RealTrends + Tom Ferry America’s Best Real Estate Professionals list.
AREAAallowed for individual submissions allowing individual agents who generated at least 15 transaction sides or $6 million in sales volume in 2022 to be recognized.
Teams needed at least 25 transaction sides and $9 million in sales volume. The team lead must be an AREAA member.
The list of loan officers was generated through self-submissions directly to AREAA.
The top 50 in each real estate category and top 30 in the mortgage categories follow. Click here for the full list of the 2023 A-List:
Individual Real Estate Agents Sides
Rank
Name
Company
City, State
Sides
1
Shirley Gary
Ansley Christie’s Real Estate
Atlanta, GA
263
2
Danielle Moy
@properties
Orland Park , IL
204
3
Eric Delgado
Keller Williams Encino Sherman Oaks
Encino, CA
201
4
Meghan O Clarkson
Long & Foster Real Estate, Inc.
Chincoteague Island, VA
140
5
Stephanie Vitacco
Equity Union
Encino, CA
137.5
6
Soomin Kim
eXp Realty
Liberty Hill, TX
114
7
Anthony Domathoti
EXIT Realty Premium
Bronx, NY
88
8
Oscar Garcia
Berkshire Hathaway HomeServices Carolina Premier Properties
Wilmington, NC
83
9
Sairavi Suribhotla
Real People Realty
Bolingbrook, IL
81
10
Karen Sorenson
RE/MAX Newport Elite
Racine, WI
79
11
Randy Hatada
XPand Realty & Property Management
Las Vegas, NV
78
12
Christine Do
Keller Williams Realty Easton
Easton, MA
76.8
13
Ruth Manzano Javier
Five Star Realty, Inc.
Ewa Beach, HI
72.9
14
Peter Luu
eXp Realty
Orlando, FL
68.5
15
Dane Gates
Berkshire Hathaway HomeServices Premier Properties
The Woodlands, TX
62
T16
Zar Zanganeh
The Agency Las Vegas
Las Vegas, NV
61
T16
Blair Myers
Better Homes and Gardens Real Estate Metro Brokers
The Delawalla Group – Berkshire Hathaway HomeServices Beach Properties of Florida
Watersound, FL
$71,962,318
25
Tadashi Kondo
The Kondo Group – Compass
Rancho Palos Verdes, CA
$63,790,989
26
Peter Au/Alice Schroeder
Avant Team – Berkshire Hathaway HomeServices California Properties
Irvine, CA
$62,433,779
27
Tim Hur/Helen Nguyen
Point Honors and Associates, Realtors®
Atlanta, GA
$62,332,861
28
Clay Byrne
Byrne Real Estate Group – Keller Williams
Austin, TX
$61,542,826
29
Kayla Lee
Kayla Lee Team
New York, NY
$61,008,822
30
Lily Do
Lily Cai Do – Compass
Contra Costa, CA
$60,744,200
31
Kenneth Er
The Er Group – Compass
Oakland, CA
$60,075,330
32
Crystal Florida
Crystal Florida and Associates – Compass
Oakland, CA
$58,906,773
33
Andrew Peters
The Peters Team – Keller Williams
Peachtree Corners, GA
$57,871,883
34
Amy Kong
Trust Real Estate – SIDE
San Bruno, CA
$55,428,400
35
Connie Van
Connie Van Real Estate Group – Keller Williams
Elk Grove, CA
$54,863,093
36
Dave + Amy Chung
The Dave + Amy Chung Team – Compass
Chicago, IL
$54,105,965
37
Phat Nguyen/Julie Phan
Team Affinity
Orlando, FL
$51,309,695
38
Dave & Liz Goodchild
The Goodchild Team – Berkshire Hathaway HomeServices Starck Realty
Palatine, IL
$51,058,667
39
Wailani O’Herlihy
The O’Herlihy Group – Sotheby’s International Realty
Malibu, CA
$46,935,962
40
Charan Bajwa
Team Charan Bajwa – RE/MAX
Monmouth Junction, NJ
$45,093,166
41
Scottee Downing
Downing + Ivicic Group – Compass
Austin, TX
$44,578,171
42
Ivona Kutermankiewicz
IKGroup – Berkshire Hathaway HomeServices Chicago
Chicago, IL
$44,548,542
43
Garrick Yan
Garrick Yan Group – eXp
San Leandro, CA
$42,474,639
44
Smitha Ramchandani
SR Real Estate Group – LeadingRE
Summit, NJ
$41,150,687
45
Michael Saladino
The Saladino Sells Team – Keller Williams
Chicago, IL
$41,106,129
46
Amy Duong Kim
Duong Kim Global – Compass
Chicago, IL
$38,797,886
47
Lisa Nguyen
The International Group at RE/MAX Professionals – RE/MAX
Lakewood, CO
$38,592,985
48
Janet Moore
Tampa Lux Group – Premier Sotheby’s International Realty
Tampa, FL
$35,988,627
49
Yassi Jazayeri
Yassi & Associates – Keller Williams
Bellevue, WA
$35,341,644
50
Jamie Younger
Long & Foster Real Estate, Inc.
Richmond, VA
$34,789,290
Top Loan Originators by Mortgage Units
Rank
Full Name
Company
City, State
# Closed Mortgages
1
Shashank Shekhar
InstaMortgage Inc
San Jose, CA
400
2
Karen Chiu
New American Funding
San Marino, CA
297
3
James Chen
Citizens Bank
Roslyn, NY
261
4
Nathan Sibbet
loanDepot
Sacramento, CA
256
5
Viral Vora
PNC Bank
Cupertino, CA
211
6
Tyler (Tu Ba) Nguyen
Bluegrey Mortgage
Tampa, FL
206
7
Judy Sakata
Sakata Mortgage dba of 247 Mortgage Loan LLC
Houston, TX
198
8
Joanna Yu
US bank
Los Altos Hills, CA
190
9
Choe Hung
US bank
Pasadena, CA
188
10
Kevin Oto
Green Haven Capital Inc.
Sacramento, CA
177
11
Ha Le Dao
DHI Mortgage
Sacramento, CA
146
12
An Le
Lifestyle Home Lending
Southlake, TX
141
13
Sunny (Meixu) Duan
Citi
Rockville, MD
118
14
Jasmine Cheng
US bank
Union City, CA
110
15
Michelle Kim
HSBC
Los Angeles, CA
102
16
Caroline Ke Liu
US bank
San Francisco, CA
101
17
Patrick Ly
Union Home Mortgage
Leesburg, VA
82
18
Daniel Dai
Lemonbrew Lending
Edison, NJ
81
19
Nick Chee Seng Leong
HSBC
Whitestone, NY
79
20
Anne Wiker
US bank
San Diego, CA
78
21
Jennifer Yang
Wells Fargo Home Mortgage
Torrance, CA
76
22
Meinoh Kim
BluPrint Home Loans
Fairfield, CA
75
23
Hai David Le
US bank
Fairfax, VA
72
24
Greg Louie
GFL Capital Mortgage, Inc
Henderson, NV
71
25
Sunny Kumar
US bank
San Diego, CA
70
26
Ray Zeng
HSBC
New York, NY
69
T27
Gennaro Bizzarro
HSBC
Yonkers, NY
68
T27
Aileen Hom
Wells Fargo Private Bank
San Mateo, CA
68
29
Kamal Sohal
Chase bank
Sacramento, CA
67
30
Bopha Phang
loanDepot
Stockton, CA
65
Top Loan Originators by Mortgage Volume
Rank
Full Name
Company
City, State
Volume Closed Mortgages
1
Joanna Yu
US bank
Los Altos Hills, CA
$244,307,535
2
Viral Vora
PNC Bank
Cupertino, CA
$221,839,038
3
Shashank Shekhar
InstaMortgage Inc
San Jose, CA
$187,048,281
4
James Chen
Citizens Bank
Roslyn, NY
$178,391,673
5
Gennaro Bizzarro
HSBC
Yonkers, NY
$175,517,864
6
Karen Chiu
New American Funding
San Marino, CA
$165,711,007
7
Choe Hung
US bank
Pasadena, CA
$163,943,064
8
Nathan Sibbet
loanDepot
Sacramento, CA
$124,232,591
9
Caroline Ke Liu
US bank
San Francisco, CA
$118,631,590
10
Michelle Kim
HSBC
Los Angeles, CA
$115,654,558
11
Sunny (Meixu) Duan
Citi
Rockville, MD
$106,094,000
12
Jasmine Cheng
US bank
Union City, CA
$101,242,343
13
Aileen Hom
Wells Fargo Private Bank
San Mateo, CA
$96,474,112
14
Kevin Oto
Green Haven Capital Inc.
Sacramento, CA
$82,155,712
15
Tyler (Tu Ba) Nguyen
Bluegrey Mortgage
Tampa, FL
$75,702,929
16
Jennifer Yang
Wells Fargo Home Mortgage
Torrance, CA
$71,624,460
17
Hai David Le
US bank
Fairfax, VA
$70,711,136
18
Ha Le Dao
DHI Mortgage
Sacramento, CA
$70,124,004
19
Sunny Kumar
US bank
San Diego, CA
$66,618,844
20
Ryan Dang
Wells Fargo Home Mortgage
San Mateo, CA
$65,306,558
21
Roger Pei
HSBC
San Francisco, CA
$58,714,459
22
Vanessa Liu
HSBC
San Francisco, CA
$57,556,052
23
An Le
Lifestyle Home Lending
Southlake, TX
$54,609,986
24
Judy Sakata
Sakata Mortgage dba of 247 Mortgage Loan LLC
Houston, TX
$49,708,616
25
Dan Anacker
US bank
Bonney Lake, WA
$49,432,542
26
Leena Sankary
US bank
Monrovia, CA
$49,367,062
27
Ray Zeng
HSBC
New York, NY
$45,997,014
28
Meinoh Kim
BluPrint Home Loans
Fairfield, CA
$43,294,216
29
Bobby Saadieh
loanDepot
Morgan Hill, CA
$43,236,251
30
Nick Chee Seng Leong
HSBC
Whitestone, NY
$40,491,013
ABOUT AREAA
Founded in 2003, the Asian Real Estate Association of America (AREAA) is a national nonprofit trade organization with more than 18,000 members dedicated to improving the lives of the Asian American, Native Hawaiian and Pacific Islander (AANHPI) community through homeownership. Visit areaa.org for more information.
Find topics in marketing, technology, and social media for realtors, and housing market resources for homeowners. Be sure to subscribe to Digital Age of Real Estate.
LO Jobs; Production Efficiency, HELOC, Database Mining Tools; FHA, VA, USDA Changes; Freddie’s $2.7 Billion in Profits
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LO Jobs; Production Efficiency, HELOC, Database Mining Tools; FHA, VA, USDA Changes; Freddie’s $2.7 Billion in Profits
By: Rob Chrisman
3 Hours, 10 Min ago
The talk here in Missoula is about general inflation, and continued reductions & cutbacks as our biz hunkers down. Yet a mortgage publication just raised its subscription prices, only telling readers, “Good news, you don’t need to take any action,” then something about “auto renew… we’ll simply charge the payment method on file…” We all try to save money wherever possible. And price changes are wide-ranging… think global. Yesterday I flew into Montana and enjoyed, in my seat at 22D, a can of Minute Maid Apple Juice, produced by the Coca Cola Company. What could be more American?! Think again. A glance at the ingredients showed the can contained apple juice from the U.S.A, Argentina, Chile, China, Turkey, Hungary, Austria, Poland, and Italy. I kid you not. No wonder world events impact the price of goods here. Looking for less amenities and a higher monthly payment in your next home search? Well, Lending Tree recently released a report on just how costly buying a house in a town can get, “micropolitan” style. Of towns with populations between 10,000 and 50,000, the most expensive median home values were in Vineyard Haven, MA, Jackson, WY, and Breckenridge, CO. (Today’s podcast can be found here, sponsored by Richey May, a recognized leader in providing specialized advisory, audit, tax, technology and other services to the mortgage industry for almost four decades.)
Lender and Broker Software, Products, and Services
HELOCs, HELOCs, HELOCs! In this market, if you’re a loan originator and not fully dialed in to them, what are you waiting for? Especially when you have a lender like The Loan Store paying you 200 bps per loan. The kids trick-or-treated earlier this week, but 200 bps for a HELOC is like candy for adults, on a regular basis. Conveniently enough, The Loan Store is hosting a webinar next week to teach LOs how to best sell HELOCs and explain how HELOCs tie into the new TLS Consumer Rewards Program. Sign up for the webinar here.
“At Usherpa we have a saying, ‘Born in a branch. Forged in a meltdown.’ Most of our team, including myself, Dan, and Chris Harrington, have been in the mortgage industry since the mid-nineties in a branch where I originated loans and Chris processed them. We started a department in 1995 for CTX Mortgage where our sole purpose was to provide opportunities for loan officers to do more loans. In the mortgage meltdown of 2008, we were laid off like so many others, and started Usherpa. Today, our purpose is the same: Provide opportunities for loan officers to do more loans. In this unprecedented market, we are humbled and grateful to be partnered with so many wonderful loan officers, helping them close more deals and strengthen their repeat and refer business relationships. We will get through this together. Thank you all for allowing us to serve.”
Freddie Mac Checks In
Freddie Mac (OTCQB: FMCC) reported its Third Quarter 2023 financial results and filed its Quarterly Report on Form 10-Q with the U.S. Securities and Exchange Commission. The company’s Form 10-Q and earnings press release, along with the Third Quarter 2023 financial results supplement are available now on the Investor Relations page of the company’s website.
Freddie reported $2.7 billion in profits, a 104 percent year-over-year increase in net income in the third quarter. That boost in earnings came at the same time as a 30 percent decline in new business activity, attributed to Freddie’s credit loss reserve activity. In the third quarter of 2022, Freddie booked a $1.78 billion provision for credit losses versus a $263 million benefit for the three months ending Sept. 30.
FHA, VA, and Government Program News
October 27th, the Federal Housing Administration (FHA) began implementing security enhancements that will require the use of multi-factor authentication (MFA) to access certain of its websites and systems. View FHA INFO 2023-83 for details on the systems MFA will be implemented.
FHA published a Federal Register (FR) Notice, Home Equity Conversion Mortgage (HECM) for Purchase – Acceptable Monetary Investment Funding Sources and Interested Party Contributions [Docket No. FR-6382-N-01], for public comment. This FR Notice serves to inform the public of FHA’s changes to the HECM for Purchase program by expanding the list of acceptable funding sources, including premium pricing, and permitting additional interested party contributions to satisfy a HECM borrower’s monetary investment requirement.
USDA Rural Development issued a bulletin announcing The Single-Family Housing Guaranteed Loan Program (SFHGLP) revisions to technical Handbook-1-3555, Chapter 8, Applicant Characteristics; Chapter 14, Funding; Appendix 3, Review and Appeals; and Appendix 5, Income Limits. These changes became effective upon the recent issuance of a Procedure Notice (PN).
Get “Back to Basics” with the Single-Family Housing Guaranteed Loan Program. 100 percent financing with zero down payment? Why, yes you CAN! Learn about the USDA Single Family Housing Guaranteed Loan Program and how it can expand your loan portfolio…It’s as easy as 1-2-3!
Rural Development announced that Housing Assistance Corporation has expanded its service area to include South Carolina. An updated intermediary coverage map has been posted on the Direct Loan Application Packagers page.
PRMG posted updates and clarifications in PRMG Product Update 23-49: Product Profile Updates including its alignment with the changes to FHA Standard and High Balance announced by HUD in Mortgage Letter 2023-17. Updated Onyx Jumbo requirements for rental income from current principal residence that is being converted to an investment property. Loan Level Price Adjustments (LLPAs) clarification on Expanded Access and Investor Solution. CO CHFA Conventional. Regardless of condo approval option used, a current condo budget must be provided and reviewed by the condo team for CO CHFA Conventional product.
In addition to agency loans, Plaza Home Mortgage® now offers the option to eClose for FHA, VA and USDA loan. Provide the best experience for borrowers with the convenience to review and sign all closing documents online; including the loans which require a notary with Remote Online Notarization (where available).
Plaza Home Mortgage recently launched new FHA 100 percent CLTV Combo Loan Program. This new program offers 100 percent financing by combining a FHA first lien at 96.5 percent and a concurrent second lien of up to 3.5 percent to assist with down payment and/or closing costs. Additional highlights include a minimum 600 FICO, a 30-year fixed-rate FHA first lien, no income limits, and eligibility in most states (except for NY and WA.).
Capital Markets
For the third time in the past four policy meetings, the Federal Open Market Committee (FOMC) yesterday unsurprisingly kept steady on interest rates. Even with the Committee keeping the door open to hiking again, investors reading Fed Chair Powell’s tea leaves are leaning toward a potential end to further hikes, and it appears to us that the bar for further rate increases is getting increasingly higher. The Fed acknowledged tighter credit conditions from high interest rates and tighter financial conditions from a steepening yield curve with the expectation being that it will eventually weigh on economic growth. In the wake of the meeting, the market sees even lower odds of another hike and is now pricing in a potential cut a bit earlier than it had previously.
We also learned that, according to the ADP Employment Report, after the economy posted the weakest advance in jobs in two years during September, it added 113k jobs in October, fewer jobs than forecast. Though we will receive more clarity from tomorrow’s payrolls report where 183k jobs are expected to have been created in October, this report suggests that demand for workers in a robust labor market may be starting to wane. Separately, the U.S. Treasury announced its plans for upcoming auction sizes, revealing that the total size of next week’s note and bond sales will be a bit smaller than what the market had expected. Treasury noted that it expects to increase auction sizes again next quarter to meet higher funding needs.
Today’s calendar kicked off overseas with both Norges Bank and the Bank of England releasing its latest decisions, holding rates steady at 4.25 percent and 5.25 percent, respectively. Domestically, Challenger, Gray & Christmas released job cuts for October: U.S.-based employers announced 36,836 cuts in October, a 22 percent decrease from the 47,457 cuts announced one month prior but 9 percent higher than the 33,843 cuts announced in the same month last year. We’ve also received weekly jobless claims (217k, up from 212k last week), and preliminary Q3 productivity and unit labor costs (+4.7 percent and -.8 percent, respectively). Later today brings September factory orders, Freddie Mac’s latest Primary Mortgage Market Survey, and remarks from interim St. Louis Fed President Paese. We begin the day with Agency MBS prices better than Wednesday evening by .250-.375, the 10-year yielding 4.67 after closing yesterday at 4.79 percent, and the 2-year down to 4.93.
Jobs
Planet’s multi-channel business model gives our MLOs the stability to meet any market head on. Planet’s team has access to exclusive creative product solutions such as Purchase EDGE. These novel products are attracting more MLOs and Branches eager for a secure future in the mortgage industry. Advance your career, and your market position, by moving to a top lender that values professionalism and innovative thinking. Contact VP of Talent Peter Briggs or 949-202-8213. All inquiries are held in strict confidence.
“At Fairway Independent Mortgage Corporation, customer service is a way of life. #FairwayNation mortgage loan officers are dedicated to finding great rates and loan options for our customers while offering some of the fastest turn times in the industry. Our goal is to act as a trusted mortgage advisor, providing highly personalized service and helping you through every step of the loan process, from application to closing and beyond.”
Don’t forget that private mortgage insurance companies are hiring: MGIC, National MI, Arch MI, Radian, Essent, and Enact (in no particular order). And while’s we’re at it, Fannie Mae and Freddie Mac. And my cat Myrtle’s friend the CFPB has career opportunities.
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Fresh on the Hamptons market is this timeless luxury estate listed for a not-so-humble $7.75 million.
With classic charm, contemporary amenities, and private access to Southampton’s exclusive Cooper Beach, the lucky new homeowner will go from always dreaming to actually living out the ultimate coastal lifestyle.
Whoever snatches the lavish property in this star-studded Southampton community will not only boast a beautiful home but a lengthy roster of elite neighbors, including Beyoncé and Jay-Z, Jennifer Lopez, Gwenyth Paltrow, Ralph Lauren, and Bon Jovi.
The affluent community regularly attracts A-listers thanks to its exclusivity among lush landscaping and world-class beaches — a welcome break from the bustle of nearby New York City.
But the Hamptons house’s current owner has his own claim to fame.
The estate’s current owner, Anthony Bonomo, co-owned the 143rd Kentucky Derby’s award-winning horse, “Always Dreaming”, back in 2017 along with his longtime pal Vincent Viola.
The two grew up together in 1960s Brooklyn, ‘always dreaming’ of one day winning the highest-attended Thoroughbred stakes race in North America. The ambitious pair finally achieved their equine dreams thanks to their champion colt, who also won 1st place in the Florida Derby that same year.
Related: 17 Celebrities with Swanky Summer Homes in the Hamptons
Now, Bonomo’s Hamptons house is up for grabs for equestrian enthusiasts and beach lovers alike.
Bonomo first purchased the 23 Heady Creek Lane home back in 2014 for just $4.4 million, still high but paling in comparison to its current price tag. But one look at the stately property and you’ll quickly realize its worth.
Featuring quintessential Hamptons charm adorned with all the modern luxury updates you could ask for, it merits as much recognition as its current owner’s all-star racehorse.
Pass through a posh cobblestone driveway and you’ll be greeted by a traditional stately Southampton pad, complete with 6 bedrooms and 8 bathrooms on a sprawling half-acre of land.
Inside, an imposing great room featuring high vaulted ceilings with crown molding, an opulent chandelier, and elegant hardwood floors hint at the opulence featured throughout the rest of the house.
The living area beckons with a spacious floor plan that extends to the luxurious chef’s kitchen boasting a marble-glossed island and cutting-edge appliances.
The Southampton house’s bedrooms each have their distinct ‘personality’, some boasting charming moody decor.
Descending to the lower level, you’ll find dual entertainment spaces, a full bed and bath ideal for overnight guests, a walk-in wine cellar, and a home gym.
The home flawlessly mixes timeless style, like cozy statement fireplaces, with state-of-the-art additions like a Sonos sound system across the property.
Inviting indoor-outdoor-style glass doors seamlessly flow into the expansive backyard, which features a covered lounge area, barbecue pit, and heated pool with a waterfall spa- all perfect for throwing a memorable 4th of July bash.
A separate pool house with its own kitchen and bathroom offers added convenience and comfort while lounging outdoors.
Kieran Rodgers, Nicholas Campasano, and Ricardo Pena of The Agency RE serve as listing agents for the $7.75 million Hamptons home.
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The New York State Assembly today passed a rather robust legislative package aimed at addressing the “national sub-prime lending crisis.”
The four-bill bundle contains legislation that, if enacted, would offer assistance to homeowners in default or facing foreclosure, establish requirements on all home loans, provide consumer info to all residential mortgage applicants, and most notably, create a one-year foreclosure moratorium for New York residents.
Assembly Speaker Sheldon Silver slammed the Feds for bailing out mortgage lender and investment bank Bear Stearns while leaving everyday homeowners at risk of losing their homes.
He insisted that the slew of bills was not a bailout, but rather an assistance program to help homeowners keep the American dream alive.
The first bit of the legislation would provide assistance payments up to an amount equal to three months of mortgage payments and provide legal services and counseling to help select homeowners in default or facing foreclosure.
The second part of the package would establish the duties of mortgage brokers and remedies for violations, ensure that lenders verify borrower income and the ability to repay loans, and prohibit practices such as balloon mortgage payments, negative amortization and prepayment penalties.
The third bill would permit the courts to delay foreclosure up to one year for subprime borrowers who meet specific conditions, allowing at-risk homeowners to work with their respective lenders to avoid losing their homes.
The final piece of the legislative package would create a “Mortgage Applicant’s Bill of Rights,” which requires mortgage lenders and brokers to provide consumers with a pamphlet that must be read and signed by the borrower prior to applying for a mortgage.