News & Articles

“We are pleased to appoint Sumita as our new chief financial officer,” Thornberry said in the group’s news release. “She brings to the CFO role an exceptional blend of financial markets and investment banking expertise as well as years of experience in strategically...

New single-family home sales were estimated to be running at a seasonally adjusted annual rate of 649,000 units in April, down 2.6% from the March pace of 666,000 units. Unadjusted, MBA estimates there were 58,000 new home sales in April 2023, down 10.8% from 65,000...

“Jeremy has been an integral part of Zillow’s growth since he joined the company,” said Zillow CEO Rich Barton. “He’s at the center of our strategy to capture a greater share of customer transactions in real estate while making it easier for more and more people to...

He made allowances for year-over-year performance: “Of course, it’s still below from where we were a year ago a little bit,” he said. “We had a decline from $530,000 to $435,000. Part of that is seasonal. For the market, always the best time is in the first six months...

As of May 11, the average 30-year fixed mortgage was 6.35%, down from 6.39% the week before but up from 5.30% a year ago. Holden Lewis, home and mortgage expert at NerdWallet, pointed out that while home sales activity is cooling, home price growth remained stable due...

Freddie Mac chief economist Sam Khater said the uptick was due to “economic crosscurrents [that] have kept rates within a ten-basis point range over the last several weeks.” “After the substantial slowdown in growth last fall, home prices stabilized during the winter...

GPARENCY said the committee will also collaborate with CTOs and CIOs from leading banks and CRE firms to “automate and streamline processes, bolster decision-making, mitigate risks, and facilitate a more transparent, efficient, and profitable commercial real estate...

The average production volume was $398 million per company, down from $436 million. The volume by count per company averaged 1,264 loans in the first quarter, down from 1,395 loans in the fourth quarter. “A net production loss of 68 basis points in the first quarter...

Which is why, even with the volatility of the real estate sector, it remains a great vehicle for investors. “There’s a significant demand for rental properties,” said Jeffrey Lemieux (pictured), managing director, correspondent lending & investor loans division,...

“Regional and community banks currently account for a disproportionately large share of office real estate lending,” said Bloomberg economist Stuart Paul. “Further consolidation of the banking industry may prove to be the solution that allows the banking industry...

Parcell asserted that the fee increase on some borrowers is another hurdle to owning a home. “But the biggest impediment remains the lack of housing affordability and supply,” he said in a statement. “Without addressing this issue, housing will remain out of reach for...

Fed’s probably done with rate hikes “We have probably seen the last hike and the next Fed move will probably be a rate cut,” Conklin told CBRE. “It’s basically the clarity we’ve been looking for, for the last 12-plus months once the Fed embarked on the second most...