Real Estate News & Insights
Hits and Misses for the Real Estate Week of May 4-8
New listings on the rise, New York City’s mayor shoots his mouth off (twice), and the late Ted Turner’s property portfolio. Continue Reading Hits and Misses for the Real Estate Week of May 4-8
Forecast: AI to Generate 330 Million Square Feet of Commercial Real Estate Demand Over Next 10 Years
The report predicted the industrial real estate sector will be the strongest beneficiary of the new AI era, with an additional 298.5 million square feet of absorption. Continue Reading Forecast: AI to Generate 330 Million Square Feet of Commercial Real Estate Demand Over Next 10 Years
Two Harbors and CrossCountry Mortgage Amend Merger Deal to Match UWM’s $12-Per-Share Offer
“The CCM transaction delivers a fixed price all-cash consideration to every TWO stockholder,” said Two Harbors President and CEO Bill Greenberg. Continue Reading Two Harbors and CrossCountry Mortgage Amend Merger Deal to Match UWM’s $12-Per-Share Offer
Mark Kenney to Step Down as CAPREIT’s Chief Executive
Kenney served in the leadership roles since November 2018. Continue Reading Mark Kenney to Step Down as CAPREIT’s Chief Executive
VendorAbuse.com Debuts Florida HOA Watchlist
The watchlist is publicly accessible and includes a comprehensive guide to homeowner rights under HB 1203. Continue Reading VendorAbuse.com Debuts Florida HOA Watchlist
HUD Revises Environmental Review Requirements for Multifamily Developments
“This is about fixing policies that have made housing expensive and difficult to build,” said HUD Secretary Scott Turner. Continue Reading HUD Revises Environmental Review Requirements for Multifamily Developments
Student Housing Development Proposed for Downtown Toronto
The proposed King & George development site is directly across from the George Brown College St. James Campus and within a half-hour of three other university campuses. Continue Reading Student Housing Development Proposed for Downtown Toronto
eXp Acquires NextHome, Shifting to a Multi-Model Platform
eXp World Holdings announced it will begin trading on the Nasdaq Global Market under the new ticker symbol “AGNT,” effective on May 8. Continue Reading eXp Acquires NextHome, Shifting to a Multi-Model Platform
California Housing Affordability at Highest Level in 4 Years
A minimum annual income of $204,800 was required to make the monthly payment of $5,120 on a 30-year fixed-rate mortgage at 6.24% in California. Continue Reading California Housing Affordability at Highest Level in 4 Years
New Forecast Predicts Multifamily Vacancy Rate to Increase by Year’s End
“The near-term rent growth outlook was maintained after modest first-quarter rent trends fell in line with expectations,” said Grant Montgomery, national director of multifamily analytics at CoStar Group. Continue Reading New Forecast Predicts Multifamily Vacancy Rate to Increase by Year’s End
Mortgage Rates Up for Second Straight Week
The 30-year fixed-rate mortgage averaged 6.37% as of May 7, up from last week when it averaged 6.30%. Continue Reading Mortgage Rates Up for Second Straight Week
Home Equity Rates Declined in Q1
ATTOM defined equity rich as the combined estimated amount of loan balances secured by those properties was no more than half of their estimated market value. Continue Reading Home Equity Rates Declined in Q1
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