The National Academy of Construction has selected Thomas F. Gilbane, Jr., as the 2023 recipient of NAC’s Ted C. Kennedy Award, the Academy’s highest honor. He will receive the award and the accompanying medal at the NAC Annual Meeting on October 12 in Boston, MA....
Source: Forbes — Key Takeaways February’s housing report marks the first month-over-month increase in homebuilder sentiment since late 2021 After hitting a high of 7.37% in October 2022, mortgage rates are making their way back down to a more reasonable range,...
Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 241,520 in January, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. The...
Source: G2 — Not every “for-rent” is a “homecoming.” How long does it take you to finalize a new home for rent? Can you silence your inner needs of owning a perfect apartment with perfect french windows, a serene neighborhood, and a...
Source: Yahoo! News — The home price correction has been fairly mild on a national level, with U.S. home prices falling just 2.5% between June and November. But on a regional level, the correction in the second half of 2022 was a mixed bag. Among the 20 major...
Northpointe Bank, a regional bank headquartered in Michigan, has announced that they are closing their correspondent lending operations in April of 2023, and will shift their focus to retail lending, mortgage warehouse lending and specialty loan servicing. This...
Hits and Misses for the Real Estate Week of April 6-10
