Real Estate News & Insights
Eagle Partners Acquires 350-Unit LA County Apartment Community for $107 Million
The community represents nearly 40% of all apartment inventory in Hacienda Heights. Continue Reading Eagle Partners Acquires 350-Unit LA County Apartment Community for $107 Million
NAR Taps David Conroy for Newly Created Chief Data Officer Role
Most recently, Conroy served as chief technology officer at the California Association of Realtors. Continue Reading NAR Taps David Conroy for Newly Created Chief Data Officer Role
Here’s what’s happening with home prices as mortgage rates fall
Source: CNBC --- The U.S. housing market cooled off pretty dramatically last year, after mortgage rates more than doubled from historic lows. Home prices, however, have been stickier. Prices began falling last June, but are still higher than they were a year ago. Now,...
Home prices are down — but not enough to ease affordability
Source: Bankrate --- Home prices are still high. But they’re not rising quite as much. Nearly 90 percent of the country’s metro areas saw single-family home prices rise in the fourth quarter of 2022, according to the newly released Metropolitan Median Home Prices and...
Single Renters pay a ‘singles tax’ of nearly $7,000 for living alone
Zillow has uncovered a heartbreaking truth for apartment-hunting singles: Renters living in a one-bedroom on their own face a yearly "singles tax" of nearly $7,000, according to an analysis by Zillow. While singles across the country pay a high price for a solo...
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...
Leading Texas Real Estate Team Forms New Company Under Sotheby’s International Realty Brand
Sotheby's International Realty has announced that Southern District Properties Group has joined the network and will now operate as Southern District Sotheby's International Realty. The addition marks the brand's continued growth in Texas and its 28th office in the...
Two Executives Join Blackstone Real Estate Company in Los Angeles
April Housing, a Blackstone Real Estate portfolio company committed to the creation and preservation of high-quality affordable housing in the U.S., has hired Nina-Lee Jewell Alhambra to serve as Chief Operating Officer and Brian Lee as the new Chief Financial...
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
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?
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
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...
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