Current News & Events
Report: Vacant Residential Property Rate Held Steady in Q1
In 28 states and the District of Columbia, the number of zombie properties fell quarter-over-quarter. Continue Reading Report: Vacant Residential Property Rate Held Steady in Q1
Mortgage Applications on New Home Purchases Up During January
Mortgage applications for new home purchases during January were up by 19% from the prior month and up by 2% from one year earlier, according to data from the Mortgage Bankers Association (MBA). MBA estimated new single-family home sales were running at a seasonally...
NAHB: Housing Affordability Remains Near Historic Low Level
37.7% of new and existing homes sold in the fourth quarter were affordable to families earning the national median income of $96,300. Continue Reading NAHB: Housing Affordability Remains Near Historic Low Level
New Study Tracks Commercial Real Estate’s Impact on US GDP
Total construction spending was up by an estimated 5.6% in 2023 and accounted for approximately 20.6% of total GDP. Continue Reading New Study Tracks Commercial Real Estate’s Impact on US GDP
Harbor Group International Acquires Colorado Multifamily Portfolio
With these acquisitions, the company now owns 10 real estate assets in Colorado. Continue Reading Harbor Group International Acquires Colorado Multifamily Portfolio
Feds Propose Rule for Real Estate Professionals to Report Potential Money Laundering
“Predicate offenses for money laundering through real estate continue to involve domestic and transnational activity,” said the Treasury report. Continue Reading Feds Propose Rule for Real Estate Professionals to Report Potential Money Laundering
Mortgage Applications Up While Most Americans Expect Lower Rates
The Fannie Mae Home Purchase Sentiment Index increased 3.5 points in January to 70.7, its highest level since March 2022. Continue Reading Mortgage Applications Up While Most Americans Expect Lower Rates
OpenHouse.ai Raises $1.5 Million in Seed Funding
OpenHouse.ai’s OpenConnect platform is designed to help builders understand buyers’ needs through AI-driven personalization. Continue Reading OpenHouse.ai Raises $1.5 Million in Seed Funding
First Home Mortgage Corp. Rolls Out Down Payment Assistance Program
Under this program, the buyer contributes 1% and First Home Mortgage contributes 2% (up to $5,500) towards the down payment and/or closing costs. Continue Reading First Home Mortgage Corp. Rolls Out Down Payment Assistance Program
Ryan Hardiman Promoted to President of Embrace Home Loans
Hardiman joined Embrace Home Loans in 2008 as a project manager. Continue Reading Ryan Hardiman Promoted to President of Embrace Home Loans
Kurt Gatterdam Named Controller at CREC Real Estate
Prior to his role at CREC, Gatterdam served as chief financial officer at NAI Ohio Equities. Continue Reading Kurt Gatterdam Named Controller at CREC Real Estate
Pineapple Financial Expands into Alberta Market
The company added the teams anticipate a surge in activity following the Bank of Canada’s projected interest rate reductions later this year. Continue Reading Pineapple Financial Expands into Alberta Market
