Cornerstone Capital Bank announced a new community lending division to help underserved communities attain homeownership. The new division is based in Arlington, TX, but extends to all 45 states that Cornerstone serves. It aims to close racial and economic gaps in homeownership, shooting to work with 1,000 families in its first year. Specific efforts will…
loanDepot teamed up with builder Smith Douglas Homes to provide streamlined financing options for new home buyers. The new venture, Ridgeland Mortgage, offers home financing through loanDepot for new construction built by Smith Douglas. “Our new joint venture helps both companies make the American dream of homeownership possible for more families while providing Smith Douglas…
By EDWARD PINTO On December 15, HUD released its annual Point-In-Time (PIT) homeless and housing inventory counts (HIC) conducted in January 2023. The key finding was that homelessness reached a record high as the 2023 annual count increased 12% and 18% respectively from 2022 and 2017. The average rate of homelessness per 1,000 population in…
By KIMBERLEY HAAS As the commercial real estate market continues to change, office space is down, but not out, according to an economist who says a majority of companies are still committed to having a place where the “secret sauce” of their business is created. Richard Barkham, global chief economist for CBRE in Dallas, said…
By CHUCK GREEN During the pandemic homebuyers fled to southern states for warmer weather but now would-be purchasers are bailing out of deals at a faster clip than anywhere in the country. According to analysts at Redfin, 60,000 deals were called off nationally in September. That’s 17% of the homes that went under contract that…
By DOUG OHLEMEIER Despite many employees working from home and companies adopting hybrid work models, investors are still attracted to the land of cubicles. While office suites aren’t as packed with workers as before the pandemic, the commercial market remains strong. “There is investor interest in office properties,” said Stephen Newbold, National Director in the…
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