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,…
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…
First-time homebuyers will find the best mix of affordability, low competition, and young homeowners in Midwestern metros, a new report says. Zillow named the best markets for first-timers in 2024, with St. Louis taking the number one spot. Detroit, Minneapolis, Indianapolis, and Austin rounded out the top five. These cities offer reasonable prices and a…
By ERIN FLYNN JAY Homeownership rates for Black Americans are lagging and leaders in some cities are taking action to turn that around. According to a report released by the National Association of Realtors last month, minority groups saw increased homeownership rates in 2022. While Asian and Hispanic homeownership rates registered all-time highs at 63.3%…
Ally Home and HouseCanary are offering a $5,000 grant to homebuyers in three major metros. The grant can be used for a down payment, closing costs, or other expenses that arise during the homebuying process. Buyers within select markets in Charlotte, Detroit, and Philadelphia are eligible, though Ally may expand the program in the future….
As the season of giving thanks begins, The Mortgage Note would like to recognize the people who contribute to their communities. In June, leaders at the Rock Family of Companies and Rocket Community Fund announced that team members had spent one million hours volunteering with community organizations and nonprofits, participating in more than 150,000 events…
Scores of workers are being called back to their offices after more than three years of working remotely, influencing homebuyers’ choices as commutes are reintroduced to their lives. The typical American commute is 26.4 minutes long, according to a new analysis by LendingTree. Based on median hourly earnings of $30.80, commuting costs $27.10 a day…
By KIMBERLEY HAAS Build-for-rent communities have been growing in popularity as the housing landscape changes in the United States. According to leaders at the National Association of Home Builders, developers are exploring new ways to meet continued housing demand and single-family build-for-rent properties provide a stepping stone between renting and buying for young families, as…
By SCOTT KIMBLER Mat Ishbia may only be 5’ 10”, but the CEO of United Wholesale Mortgage likes things big — including his house. Already the majority owner of the Phoenix Suns NBA team and the Phoenix Mercury WNBA team, the mortgage business billionaire is well on his way to building the largest lived-in residence…
By KIMBERLEY HAAS The new vice president of public policy at Rocket Central says his goal is to increase opportunities for people who have historically had difficulties achieving home ownership because of a host of barriers. Karan Kaul, a housing finance veteran who worked as a principal research associate in the Housing Finance Policy Center…
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