Profit Margins on Typical Sales Nationwide Increase Following Three Quarterly Declines; Investment Returns Rise as Median U.S. Home Price Jumps 10 Percent; Seller Profits Still Down Annually Following Earlier Drop-offs ATTOM, a leading curator of land, property, and real estate...
Month: July 2023
CORTLAND HIRES JUAN BUENO AS PRESIDENT OF OPERATIONS
Cortland, a vertically integrated, multifamily real estate investment, development, and management company, announced it has appointed Juan Bueno President of Operations to support the firm's operating platform. In this newly created role, Bueno will oversee a variety of...
Apartment Market Continues to Loosen
Transactions Pull Back Further Due to Rising Cost of Capital Apartment market conditions continued to weaken in the National Multifamily Housing Council’s (NMHC’s) Quarterly Survey of Apartment Market Conditions for July 2023, as the Market Tightness (26), Sales Volume (40), Equity Financing (22)...
Inflation is Slowing, But Fully Quelling It Will Be Tough
Limited Supply of Homes for Sale Boosts Prices, New Home Construction While the latest data on inflation has provided reason for optimism, less favorable base effects are likely to slow further progress in reducing annual inflation to the preferred 2-percent target, according to the July...
U.S. Home Prices Rise For the First Time in Nearly Five Months
Elevated mortgage rates are cutting into homebuyers’ budgets. But this week’s inflation report—which shows that consumer prices are cooling quickly—provides a glimmer of hope that mortgage rates could gradually start to come down. The median U.S. home-sale price rose 1.5% from a year earlier...
Anchor Loans Names Construction-Lending Veteran Jim Fraser as Chief Operating Officer
Anchor Loans, the nation's leading provider of financing to residential real estate developers, builders and entrepreneurs, announced that Jim Fraser has joined the company as Chief Operating Officer. In this role, Fraser will be responsible for the customer experience that Anchor...
Home Rents Continue to Rise in Q2 2023
89% of U.S. Cities Experienced Year-Over-Year Rent Increases 36% of the cities analyzed experienced double-digit rent increases Rentometer has released their Q2 2023 Rent Report for three-bedroom (3-BR) houses that are single-family rentals (SFRs). Rentometer collects data for all residential...
FORECLOSURE ACTIVITY IN FIRST HALF OF 2023 TICKS UPWARDS TOWARDS PRE-COVID LEVELS
U.S. Foreclosure Starts Increase 15 Percent in First Six Months of 2023; Average Days to Complete a Foreclosure Hits Peak; June and Q2 2023 Foreclosure Activity Also Post Annual Increases ATTOM, a leading curator of land, property, and real estate data, released its Midyear 2023 U.S....
HouseCanary’s Latest Market Pulse Report Shows Resilience in Housing Market as Listed and Closed Prices Rose in June
Both Listed and Closed Prices Experienced Positive Year-Over-Year Growth in June Persistent Year-Over-Year Decline in Net New Listing Volume Intensifies Inventory Challenges and Dampens Market Activity A Slower Pace of Rate Hikes by the Federal Reserve Is Anticipated Throughout the Second Half of...