By ERIN FLYNN JAY The author of a new book says commercial real estate owners need to be forward-thinking if they are going to remain relevant. Joe Brady is the former head of real estate for Walgreens and served as CEO of Americas at The Instant Group, a global leader in agile and flexible workspace, development,…
By ERIN FLYNN JAY Driven by job opportunities and a favorable climate, Miami continues to maintain its position as the nation’s most competitive market for apartment renters, highlighting opportunities for investors in multifamily and commercial real estate. Miami is a major economic center with a diverse economy, including finance, technology, healthcare, and tourism. The city’s…
Guaranteed Rate will host a free financial education day in Chicago, the first of its “RateUniversity” offerings. The event will take place on May 19, 2024, at the Ramova Theatre in Chicago. Attendees will learn about homeownership through presentations on critical topics like credit and differing mortgage products. Bilingual workshops, in both English and Spanish,…
Annual home price appreciation continued its upward trend in February, accelerating on both an annual and monthly basis. Prices were up 6.4% YOY, an increase from January’s 6% gain and the fastest annual rate since November 2022, according to the S&P CoreLogic Case-Shiller National Home Price NSA Index. Month-over-month data showed prices on an upswing…
Data released today shows annual home price gains were stagnant in June but continue heating up in the short term, with month-over-month prices rising. Year-over-year, prices remained unchanged after slipping 0.4% the prior month, according to the S&P CoreLogic Case-Shiller National Home Price NSA Index. Prices were up 0.9% month-over-month before seasonal adjustment and 0.7%…
By KIMBERLEY HAAS Leaders at Rocket Pro TPO are extending their promotion on 30-year conventional purchase loans at or under $200,000 as they gear up to be more competitive in that market this year. During an IGNITE: Live! webinar on Monday, Executive Vice President Mike Fawaz announced that they are continuing their 37.5 BPS credit…
By KIMBERLEY HAAS A new automated valuation model that recently hit the market uses a national property database, geospatial comparable data, and artificial intelligence to help users evaluate properties. Altisource, founded in 2009, is a provider of services and technology for the mortgage and real estate marketplaces. Their NestRange AVM helps with valuations for originations…
By KIMBERLEY HAAS The CEO of an advanced analytics company says the latest version of their platform includes a new reporting tool that can help lenders and servicers navigate the current market. Augie Del Rio is the co-founder of Gallus Insights, headquartered in Chicago. They have satellite offices in Dallas and Buenos Aires, Argentina. Del…
By KIMBERLEY HAAS The housing market traditionally cools during the holiday season as people focus on family and friends but industry leaders say it is a good time for potential sellers and buyers to weigh their options. After mortgage rates recently surged above 7%, real estate activity and consumer sentiment took a nosedive. Home delistings…
By KIMBERLEY HAAS Industry leaders are sharing their thoughts as 2022 winds down and they are expressing gratitude despite challenges in the current market. Bill Banfield, EVP of Capital Markets at Rocket Mortgage in Detroit, Michigan, said he appreciates the mental stimulation of navigating a tough market because people are forced to get creative in…
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