By ERIN FLYNN JAY It has been five years since the COVID-19 pandemic shutdowns began, and the commercial real estate sector remains forever changed. On March 11, 2020, the World Health Organization determined COVID-19’s outbreak had reached the level of a pandemic. On March 13, the first Trump administration declared a nationwide emergency and states…
By KIMBERLEY HAAS As mortgage rates continue to stabilize, loan originators hoping for a successful year can benefit from the power of networking. According to the Mortgage Bankers Association’s finance forecast for February, interest rates for a 30-year fixed mortgage will remain at an average of 6.9% until the middle of 2025. They could drop…
By KIMBERLEY HAAS The CEO of Rocket Companies emphasized the power of technology and talked about how they are revolutionizing the process of homebuying during an earnings call on Thursday. The company reported that in 2024, net revenue for Rocket Companies came in at $5.1 billion. Adjusted revenue was $4.9 billion. That represents 34% and…
By ERIN FLYNN JAY Among real estate investors across the country, optimism has dropped. Limited inventory, increasing home prices, high finance costs, and insurance issues are to blame. Investors also worry that tariffs and mass deportations could impact the market. The Winter 2024 RCN Capital/CJ Patrick Company Investor Sentiment Index shows that in the fourth…
By NICOLE MURRAY Luxury sales are making headlines as demand for high-end homes increases in certain markets. Mansion Global reported on Monday that 41 contracts were signed last week on homes with an asking price of $4 million or more in Manhattan. That’s the busiest week since May of 2022 in the New York City…
By ERIN FLYNN JAY Young professionals hoping to build their careers and live comfortably can do so in many areas throughout the country. A recent study by real estate company OhioRealEstateSource.com identified Peoria, Illinois as the most affordable city in the U.S. for young professionals, with the average salary about 52% of the cost of…
Welcome to The Mortgage Note’s latest podcast series. We’re sitting down one-on-one with industry leaders to learn more about their careers and to find out their perspectives on lending and housing. Our first guest is Ed Pinto, Co-Director and Senior Fellow at AEI Housing Center in Washington, DC. Scott Kimbler recently spoke with him about…
By CHUCK GREEN Something’s lingering in the air, and what we seem to have here flaunts all the earmarks of, what else? Love. With Valentine’s Day right around the corner, thoughts turn to heaping bouquets of flowers, generously sprinkled with a frenzy of vivid bright colors, and, of course, chocolates for the house. Speaking of…
By ERIN FLYNN JAY Suzanne Seggerman’s historic four-bedroom loft in New York City has been featured in dozens of films, TV shows, and commercials. In 2021, it was demolished by someone who appeared to be the perfect tenant on paper and online. Through Seggerman’s sleuthing, she uncovered other victims (some international) of the same “Monster…
By NICOLE MURRAY Hosting successful open houses is a huge determining factor of a realtor’s overall success. However, what’s the best way to attract a crowd? How do you secure relationships with those who attend? And how do you turn prospective buyers into solid leads? The Mortgage Note spoke with real estate industry professionals to…
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