American home shoppers have plenty to fear this Halloween as the housing crunch continues. But where buyers live plays a role in how stressful their experience is. Though markets are tough across the nation, California is home to the scariest housing markets in the U.S., according to a new analysis by Point2. Of the 200…
By ERIN FLYNN JAY As the housing crunch continues throughout the country, some cities are planning for growth when it comes to building homes for average families. Mark Buskuhl, owner of Ninebird Properties, a Texas-based investment firm, said Dallas is one of the fastest-growing cities in the nation and has been a top destination for…
By KIMBERLEY HAAS As companies work to determine what their office demands will be post-pandemic, commercial real estate experts continue to debate the impacts on the industry and the banking system. With office vacancy rates hitting an all-time high in August, it is feared that if office buildings become obsolete, banks will be left to…
Dan Hanson has been named executive director of enterprise partnerships and acquisitions at loanDepot, the lender announced in a press release. In this newly created position, Hanson will spearhead new revenue opportunities, such as national referral relationships and acquisitions, as well as collaborate with senior leadership to boost profitability. He will also work to expand…
Guild Mortgage has acquired Illinois-based First Centennial Mortgage, the company announced in a press release. Founded in 1995 by brothers Steven and David McCormick, First Centennial operates predominantly in the Midwest. It recently ranked 64 of 75 in Scotsman Guide’s Top Mortgage Lenders of 2023 list and has been recognized as one of the fastest-growing…
By NICOLE MURRAY California continues to dominate the luxury homes market, but that could change as communities fight for the country’s wealthiest individuals. In a recent Point2Homes.com study, analysts looked at which cities in the United States have the highest share of luxury homes worth at least $1 million for sale. Results were categorized by large,…
By KIMBERLEY HAAS It is being estimated that the average teacher can afford 12% of homes for sale within commuting distance of their school and just 27% of available rentals in the same area. These numbers come from a Redfin analysis which looked at 2022 median teacher salaries in the 50 most populous U.S. metro…
By KIMBERLEY HAAS With a lack of housing plaguing the country, it may be easy to jump to the conclusion that vacant offices could be the perfect fit for new apartments and condominiums, but industry leaders say there are a number of considerations to take into account with these projects. Adam Ducker is the CEO…
Jennifer Schachterle has been named SVP of Sales and Business Development of the Federal Home Loan Bank of San Francisco (FHLBank San Francisco). In this position, Schachterle will oversee the bank’s relationships with its more than 300 member financial institutions across the West. She leads the team spearheading its sales, business development, and new member…
By CHUCK GREEN To home sellers who agonizingly watched the prices of their abodes recede recently, leaving a nasty gash in profits, there’s little to say but “ouch.” Want a touch of solace? Apparently, the waters are rippling with plenty of others in the same predicament. A first quarter 2023 U.S. Home Sales Report released…
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