Featured Real Estate News
eXp Acquires NextHome, Shifting to a Multi-Model Platform
eXp World Holdings Inc., the holding company for eXp Realty, has acquired NextHome Inc., a national real estate franchise headquartered in Pleasanton, California. The financial terms of the acquisition were not disclosed. NextHome has more than 500 US franchisees and...
eXp Acquires NextHome, Shifting to a Multi-Model Platform
eXp World Holdings announced it will begin trading on the Nasdaq Global Market under the new ticker symbol “AGNT,” effective on May 8. Continue Reading eXp Acquires NextHome, Shifting to a Multi-Model Platform
California Housing Affordability at Highest Level in 4 Years
Housing affordability in California in the first quarter reached its highest level in four years, according to data from the California Association of Realtors (CAR). During the first three months of the year, CAR determined that 22% of the state's homebuyers could...
New Forecast Predicts Multifamily Vacancy Rate to Increase by Year’s End
The national multifamily vacancy is estimated to increase to 8.8% by the end of this year before easing to 8.4% at the end of 2027, according to a revised forecast from Apartments.com, a division of CoStar Group (NASDAQ: CSGP). Apartment rent growth is predicted to...
Mortgage Rates Up for Second Straight Week
Mortgage rates were on the rise for the second consecutive week, according to the Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC). The 30-year fixed-rate mortgage averaged 6.37% as of May 7, up from last week when it averaged 6.30%. A year ago at...
News & Current Events
Home Equity Rates Declined in Q1
ATTOM defined equity rich as the combined estimated amount of loan balances secured by those properties was no more than half of their estimated market value. Continue Reading Home Equity Rates Declined in Q1
Urban Construction Accounted for 11% of New Q1 Listings
Seven metros had a majority of their new construction listings in urban ZIP Codes in the first quarter. Continue Reading Urban Construction Accounted for 11% of New Q1 Listings
Q1 Commercial/Multifamily Borrowing Up 52% Year-Over-Year
The dollar volume of loans originated for investor-driven lenders increased by 133% year-over-year. Continue Reading Q1 Commercial/Multifamily Borrowing Up 52% Year-Over-Year
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California Housing Affordability at Highest Level in 4 Years
A minimum annual income of $204,800 was required to make the monthly payment of $5,120 on a 30-year fixed-rate mortgage at 6.24% in California. Continue Reading California Housing Affordability at Highest Level in 4 Years
New Forecast Predicts Multifamily Vacancy Rate to Increase by Year’s End
“The near-term rent growth outlook was maintained after modest first-quarter rent trends fell in line with expectations,” said Grant Montgomery, national director of multifamily analytics at CoStar Group. Continue Reading New Forecast Predicts Multifamily Vacancy Rate to Increase by Year’s End
Mortgage Rates Up for Second Straight Week
The 30-year fixed-rate mortgage averaged 6.37% as of May 7, up from last week when it averaged 6.30%. Continue Reading Mortgage Rates Up for Second Straight Week
Home Equity Rates Declined in Q1
ATTOM defined equity rich as the combined estimated amount of loan balances secured by those properties was no more than half of their estimated market value. Continue Reading Home Equity Rates Declined in Q1
Urban Construction Accounted for 11% of New Q1 Listings
Seven metros had a majority of their new construction listings in urban ZIP Codes in the first quarter. Continue Reading Urban Construction Accounted for 11% of New Q1 Listings
Q1 Commercial/Multifamily Borrowing Up 52% Year-Over-Year
The dollar volume of loans originated for investor-driven lenders increased by 133% year-over-year. Continue Reading Q1 Commercial/Multifamily Borrowing Up 52% Year-Over-Year
Brookfield Asset Management Completes $1.2 Billion Acquisition of Peakstone Realty Trust
With its completion, Peakstone is now a privately held company and its shares no longer trade on the New York Stock Exchange. Continue Reading Brookfield Asset Management Completes $1.2 Billion Acquisition of Peakstone Realty Trust
New Index Tracks Immigrant Absorption Impact on Canadian Housing and Economy
“This index is our first public attempt to measure immigration absorption capacity in a transparent, benchmark-driven way,” said Kamal Deep Singh, founder of Immigration News Canada. Continue Reading New Index Tracks Immigrant Absorption Impact on Canadian Housing and Economy
Cory Perkins Named President of Integrated Services at Compass
Perkins was previously chief of staff to Compass Chairman and CEO Robert Reffkin and senior vice president of integrated services. Continue Reading Cory Perkins Named President of Integrated Services at Compass