The share of new home sales backed by Federal Housing Administration (FHA) loans increased to 14% in the second quarter from 12.1% in the first quarter, according to a new data analysis from the National Association of Home Builders (NAHB). The second quarter’s...
Luxury Presence, a Los Angeles-headquartered proptech startup, has launched a new mobile platform for real estate agents. The company’s new Presence Copilot provides real estate professionals with an AI-powered mobile assistant that helps agents prepare for meetings,...
The Federal Home Loan Bank of San Francisco (FHLBank San Francisco) has formed a search committee to identify a new president and CEO who will succeed Teresa Bryce Bazemore when her term expires on March 14, 2024. “When the Federal Home Loan Bank of San Francisco...
The Mortgage Bankers Association (MBA) has updated its forecast on total commercial and multifamily mortgage borrowing and lending for 2023 and is now predicting this activity sector will end the year at $504 billion, a 38% decline from 2022’s total of $816 billion....
More than half of small and midsized businesses (SMBs) are dealing with rent increases, according to the latest Small Business Rent report published by Alignable. In a survey of 4,601 randomly selected SMB owners polled from July 2-27, 55% of respondents said coping...
