We’ll add more market news briefs throughout the day. Check back to read the latest. Most recent market news Mortgage Bankers Association (MBA) Commercial/Multifamily Real Estate Finance Forecast The Mortgage Bankers Association (MBA) projects commercial and multifamily mortgage originations will decline slightly in 2018, ending the year at $549 billion, down three percent from the […]
Esther Offringa is a Realtor based in the Netherlands who was excited to see how the U.S. market was doing. Here’s what Offringa had to say about her experience at this year’s Inman Connect New York. What was your favorite session, and why? My favorite session was definitely Being a doorman… for John Henry. His enthusiasm, […]
Buyer demand has continued to remain high despite bustling home prices, low inventory and the recently passed tax reform, which included changes to mortgage interest and state and local tax (SALT) deductions that many homeowners use. So what would drive down demand? According to Redfin’s latest survey, not much. With mortgage rates expected to rise to […]
It takes the average single homebuyer 11 years to save a 20 percent down payment for a median-priced home. That’s over double the time it takes for a married couple, according to a new Zillow analysis. The inventory for starter homes has decreased by 18 percent, Zillow says, meaning that single buyers can only afford 45 […]
Realogy Holdings Corp., the massive real estate company that counts among its sprawling portfolio of brands Coldwell Banker, the Corcoran Group and Century 21, has appointed Sue Yannaccone as regional executive vice president of NRT, the company’s residential brokerage business. Yannaccone, formerly the president and chief executive of the company’s ERA Franchise Systems, will oversee […]
Brooklyn rental and roommate startup Nooklyn raised $825,000 in a round of seed funding, the platform announced Friday. Nooklyn lets users search available rooms, apartments and roommates in Brooklyn. Users can search for an available room in an apartment or match with potential roommates to try to find an apartment together. “Our mission is to […]
A bipartisan budget deal signed into law Friday morning following a six-hour government shutdown will briefly extend the National Flood Insurance Program for a few weeks, while lawmakers race to reform the ailing, 49-year-old insurance plan through legislation currently stalled in the Senate. The extension until March 23 was among a half-dozen small victories for […]
Last week, the U.S. Department of Justice confirmed it will hold a joint workshop on real estate competition in the spring with the Federal Trade Commission. A DOJ official told Inman the workshop will be held in response to a letter the DOJ received on Sep. 21, 2017, from the U.S. Senate Judiciary Subcommittee on […]
Massachusetts Senator Elizabeth Warren has released a 15-page report about Equifax’s 2017 data breach that includes claims about the company’s cybersecurity, the removal of 145 million consumers’ personally identifiable information (PII), and “hardball tactics” Equifax used to delay rival Experian from obtaining an IRS contract. “After months of investigation, our office finally learned that hackers […]
Seattle-based Zillow Group cracked $1 billion in annual revenue last year, the company revealed yesterday in its fourth quarter and full-year 2017 earnings report. The company posted a net loss of $77.2 million in fourth-quarter 2017 and a net loss of $94.4 million for full-year 2017, but an analysis of the real estate company’s revenue (which […]
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