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Rocket Companies Announces CEO Transition Plan

Rocket Companies Announces CEO Transition Plan

ay Farner, CEO of Rocket Companies, plans to retire from his position effective June 1, 2023 after 27 years with the company. Rocket Companies is a Detroit-based fintech platform company consisting of tech-driven mortgage, real estate and financial services...

The Rise of Built-for-Rent

The Rise of Built-for-Rent

Source: US News ---  The housing market continues to be incredibly tight for home buyers, with just 2.7 months of available housing supply for sale as of November 2022, but it’s also not been a picnic for renters, who are fighting for units in an increasingly...

How the ice storm impacted Austin’s real estate market

How the ice storm impacted Austin’s real estate market

Source: KVUE ---  AUSTIN, Texas — The ice storm had an effect on many aspects throughout Central Texas, including the Austin real estate market. Ari Rastegar, founder and CEO of Rastegar Property Company and an Austin native, said the ice storm greatly affected his...

Will home prices go down?

Will home prices go down?

Source: Bankrate --- In 2022, hopeful homebuyers were up against sky-high interest rates and rock-bottom inventory deficits. These factors put homeownership out of reach for many people, particularly first-time buyers, who saw monthly mortgage payments on a typical...

Mortgage costs lock out California home buyers

Mortgage costs lock out California home buyers

Source: Cal Matters --- Back in 2021, when mortgage interest rates were plumbing all time-lows, Caitlyn O’Connell and her fiance nearly closed on a home in San Luis Obispo. They backed out of the deal after discovering major issues with mold, she said. Over the course...

Boomer Dads Are Driving Real-Estate Agents Nuts

Boomer Dads Are Driving Real-Estate Agents Nuts

Source: Curbed --- Last spring at a townhouse showing in Bedford-Stuyvesant, the agent David Harris watched his client, a married millennial with a kid, bounce from room to room before taking a seat on a staged sofa — a gesture Harris had come to regard as a cue that...

Commercial real estate trends in 2023

Commercial real estate trends in 2023

Source: Inside Tucson Business --- Three years. That is how long it has been since the onset of the COVID-19 pandemic and the seismic effect it had on all elements of life, including the commercial real estate market. As the economy continues to rehabilitate, here is...