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U.S. Multifamily Sector Enjoying a Record-Setting Year in 2022

U.S. Multifamily Sector Enjoying a Record-Setting Year in 2022

by Third Party | May 13, 2022 | Current News & Events, Industry Updates, Real Estate News

Source: World Property Journal —  Based on a new report by CBRE, the U.S. multifamily sector saw strong momentum at the start of 2022, with robust demographic trends underpinning record leasing activity, rent growth and investment during the first quarter....
Fewest homeowners underwater on their mortgages in more than 12 years

Fewest homeowners underwater on their mortgages in more than 12 years

by Third Party | May 13, 2022 | Current News & Events, Mortgage Information, Real Estate News

Source: Scotsman Guide —  According to CoreLogic’s most recent Homeowner Equity Report, U.S. homeowners with mortgages saw their equity grow by 29.3% year over year in fourth-quarter 2021, an average gain of $55,300 per borrower. Collectively, these homeowners...
How to Buy a House for Sale by Owner

How to Buy a House for Sale by Owner

by Third Party | May 13, 2022 | Industry Updates, Real Estate News

Source: Nerdwallet —  Most home sellers work with real estate agents to list and market their properties and negotiate with buyers. But about 7% of sellers skip hiring an agent and list their homes “for sale by owner,” or FSBO, according to a...
Despite rising rates, Rocket delivers $1B profit in Q1

Despite rising rates, Rocket delivers $1B profit in Q1

by Third Party | May 13, 2022 | Current News & Events, Industry Updates

Source: Housing Wire —  Detroit-based Rocket Companies, the parent of Rocket Mortgage, generated a whopping $1 billion profit in the first quarter, up from $865 million the previous quarter. Compared to its main competitors, the lender seems to be in a...
Housing Market Update: Shrinking Pool of Buyers Snatch Up Homes at Record Pace

Housing Market Update: Shrinking Pool of Buyers Snatch Up Homes at Record Pace

by Third Party | May 13, 2022 | Current News & Events, Industry Updates, Mortgage Information, Real Estate News

Source: Redfin —  The typical home for sale found a buyer in 15 days, the fastest pace on record, during the four-week period ending May 8. Meanwhile, pending sales fell 6%, the largest year-over-year decline since June 2020 when the initial pandemic shock to...
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