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Prospective Home Buyers Spend About as Much Time Researching New TVs as They do Mortgage Lenders

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New survey from Zillow Home Loans shows home buyers don’t shop around for their mortgage, potentially costing them hundreds of dollars each month A new survey by Zillow Home Loans finds prospective home buyers spend about as much time researching their next TV purchase and more time researching their next vacation or car purchase than they do their mortgage lender. Additionally, 72% of prospective buyers have not shopped around, nor

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Private Lender Law and Jonathan L. Hornik, Esq. Announce Purchase of Legendary Pitbull Conference and the National Private Lenders Association (NPLA)

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New rebranded conference series will launch in March of 2023 Jonathan L. Hornik, Esq. and Private Lender Law (privatelenderlaw.com), the practice group of LaRocca Hornik Rosen & Greenberg (LHR&G), announced that they have acquired Pitbull Conference and the National Private Lenders Association (NPLA). Private Lender Law is the largest full-service law firm serving the private lending industry, with over $30 billion in loan closings to date. For almost two decades, Pitbull Conference has had a

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Marriott’s Bonvoy moves into US multifamily

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The hospitality giant plans to offer furnished, serviced apartments for short-term rental-style stays. Bethesda, Maryland-based hotelier Marriott is expanding its Bonvoy brand with a new franchise of serviced apartments — a long-term accommodation that offers furnished apartment-like rooms with hotel amenities, including housekeeping and concierge services. Apartments by Marriott Bonvoy will include Marriott’s first serviced apartments in the U.S. and Canada, though the company has not yet announced any locations.

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Stronghill Capital Expands into Residential Lending with New Co-President Dustin Wells

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Strategic New Hires Focused on Driving Growth Through Technology and Veteran Expertise Stronghill Capital, a small-balance commercial lender, recently announced that it launched a new residential lending division expanding its robust offerings for brokers. This announcement comes with the appointment of industry veteran leader Dustin Wells as Co-President heading a new executive team focused on expanding the company from a commercial lender to scaling the business with strong NonQM, Non-Agency Jumbo, and

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Homebuyers Need $107,000 Annually to Afford the Typical U.S. Home–Up 46% From a Year Ago

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Homebuyers across the country need to earn substantially more money than they did a year ago to buy a home, due to high mortgage rates and persistently high home prices A homebuyer must earn $107,281 to afford the $2,682 monthly mortgage payment on the typical U.S. home, up 45.6% from $73,668 a year ago, according to a new report from Redfin, the technology-powered real estate brokerage. That’s due to mortgage rates that

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OPPORTUNITY ZONE REDEVELOPMENT AREA HOME PRICE TRENDS OUTPACE SHAKY U.S. HOUSING MARKET IN THIRD QUARTER

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ATTOM, a leading curator of real estate data nationwide for land and property data, released its third-quarter 2022 report analyzing qualified low-income Opportunity Zones targeted by Congress for economic redevelopment in the Tax Cuts and Jobs Act of 2017. In this report, ATTOM looked at 4,732 zones around the United States with sufficient data to analyze, meaning they had at least five home sales in the third quarter of 2022. The report found that

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