Mortgage application activity was on the rise again, according to data from the Mortgage Bankers Association (MBA) for the week ending Dec. 8. The MBA’s Market Composite Index was up by 7.4% on a seasonally adjusted basis from one week earlier while the unadjusted...
The median asking rent in November declined 2.1% from one year ago to $1,967, according to new data from Redfin (NASDAQ:RDFN). This represents the biggest annual drop since February 2020; the decline from October was 0.6%. “Renters are finally catching a break,” said...
A corner of Warren Buffett’s business empire is being lassoed into the percolating controversy on real estate commissions. Reuters reported that Everest Consulting Group LP, an affiliate of Buffett’s Berkshire Hathaway (NYSE:BRK.A) and Anywhere Real Estate...
Atlantic Equity Partners, a New York City-based real estate private equity firm that invests in value-add hotels, has launched its Fund II to deploy capital to acquire and sustainably redevelop hospitality real estate with a double-bottom-line approach. The new fund...
New York City’s landmark St. Patrick’s Cathedral is in a contract to sell some of its air rights to hedge fund executive Ken Griffin. Bloomberg reported Griffin, the CEO of Citadel LLC, is partnering with Vornado Realty Trust and Rudin Management on the creation of a...
loanDepot Inc. (NYSE: LDI) has released its melloNow underwriting engine, which is designed to provide conditional loan approval in minutes. According to the Irvine, California-based company, melloNow uses a fully digital verification process to evaluate applications,...
