By KIMBERLEY HAAS A national commercial real estate firm that provides both financing services and capital markets advisory services is finding success by nurturing business relationships with a full spectrum of lenders. Last year, Eastern Union in New York placed and closed loans with 121 lenders. Its portfolio of loans included financing from 31 new…
By CHUCK GREEN Questions about the potential impacts of tariffs have pushed builder sentiment down as it is now estimated they could raise costs by $7,500 to $10,000 per single-family home. Leaders at the National Association of Home Builders reported on March 17 that builder confidence in the market for newly built single-family homes had…
By PATRICK LAVERY As a tariff standoff between President Donald Trump’s administration and the nations of Canada, China, and Mexico leaves the immediate future of the American economy hanging in the balance, odds are overwhelming that the Federal Open Market Committee will choose to leave its key interest rate at its current range of 4.25%…
After a weeks-long downward trend, mortgage rates stopped in their tracks, inching up just barely. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.65%, up slightly from the week prior’s 6.63%. This is the first increase in seven weeks. A year ago at this time, the 30-year fixed-rate mortgage averaged 6.74%….
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 CHUCK GREEN and KIMBERLEY HAAS The fate of Fannie Mae and Freddie Mac is being debated as the new Trump administration lays out its priorities for the next four years. Let’s start analyzing the situation by looking back in time. In 2008, Fannie Mae and Freddie Mac were in trouble. In fact, without government…
Rocket Companies is acquiring digital real estate brokerage Redfin in an all-stock transaction for a value of $12.50 per Redfin share, or $1.75 billion of equity value. The move will connect Redfin’s nearly 50 million monthly visitors to Rocket’s mortgage products, with the aim of introducing more customers to the Rocket ecosystem and driving growth….
Mortgage rates sank more than 10 bps last week, but buyers are souring on the housing market as they’re battered by economic uncertainty and unaffordability. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.63%, down from the week prior’s 6.76%. This is their lowest point since September 2024 and the seventh…
Sometimes when a person loses their job, they find success by starting something new. That’s what happened to LaTrease Price-Gistard. She is a licensed broker-owner and managing member at ACI Mortgage, based in Sugar Land, Texas, a suburb of Houston. Price-Gistard has called the Houston area home since 1998 and began her career in finance…
By KIMBERLEY HAAS President Donald Trump did not bring up the housing crisis and barely mentioned mortgage rates as he addressed a joint session of Congress on Tuesday night. Speaking before the body for the first time since retaking office, Trump highlighted his administration’s accomplishments and laid out a vision for the future, saying the…
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