Sam Zell, one of the most influential figures in the U.S. commercial real estate industry, passed away at the age of 81. Zell became involved in real estate when he managed student housing while he was an undergraduate at the University of Michigan and co-founded...
It’s no secret that today’s housing market poses a number of obstacles to purchasing a home. Interest rates have risen nearly three percentage points over the last year. Inflation has cooled but remains high. And housing affordability and housing availability remain...
San Diego’s City Council is complaining about a distinctive piscine aroma coming from SeaWorld San Diego, which is in default on rent payments to the city despite generating record-breaking revenue. According to the Inside the Magic blog, the San Diego City Council...
Mortgage application activity slowed last week as rates continued to rise, according to new data from Mortgage Bankers Association (MBA). The MBA’s Market Composite Index, a measure of mortgage loan application volume, was down by 5.7% on a seasonally adjusted basis...
Single‐family housing starts in April were at a rate of 846,000, a 1.6% increase from the revised March figure of 833,000, according to data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Privately‐owned housing starts in April...
Atlanta-based Equifax (NYSE: EFX) has unveiled Employment Select+, a new tool for the mortgage origination process. Employment Select+ uses data from Equifax’s proprietary database The Work Number to provide originators at closing with an instant view into a...
