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 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…
By KIMBERLEY HAAS Programs that support ownership of multifamily properties are estimated to make up almost 30% of homebuyer assistance offerings and that may present unique opportunities in markets strapped for inventory. According to the Down Payment Resource’s Homeownership Program Index, 33 new programs supporting multifamily homebuyers and builders were added in Q4 2022. Multifamily…
By KIMBERLEY HAAS As prices for rental housing continue to climb in many parts of the country, bidding wars are becoming more common. According to a report released last week by Joel Berner and Danielle Hale for Realtor.com, rent has reached another high in the company’s data history, averaging $1,827 in the 50 largest US…
By KIMBERLEY HAAS As the spring selling season begins, people in the mortgage and real estate industries are speculating on whether 2022 will be a year of growth or the start of the end for a red-hot market that has favored sellers and forced up the price of housing in many parts of the country….
Homes are less affordable than they were a year ago, but they largely remain more affordable than at the peak of the 2006 housing boom, according to First American Financial Corporation’s Real House Price Index. In January, the RHPI rose 27% from the year prior, making it the fastest-growing RHPI – and fastest YOY decline…
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…
By KIMBERLEY HAAS Analysts at Zillow have made their predictions for the hottest housing markets of 2022, and we are bringing you a look at the most expensive homes in the top five cities listed. On Tuesday, the Seattle-based company predicted Tampa, Florida, will be the hottest housing market of 2022. NFL Quarterback Tom Brady’s…
By KIMBERLEY HAAS As people throughout the country wish for a white Christmas this upcoming weekend, it is expected that home sales will stay warm in many parts of the nation throughout the winter. Continued bidding wars, the Great Resignation, and Millennials on the market will all likely contribute to keeping home prices high during…
By KIMBERLEY HAAS As the COVID-19 pandemic continues and workers reevaluate their commitment to metropolitan life, lenders in smaller cities stand to benefit from what is being termed the “Great Resignation.” It is estimated that about 4.4 million Americans quit their jobs in September after months of dramatic departure numbers, which means those employees are…
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