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News Updates

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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Vacasa Reveals the 10 Best Places to Buy a Winter Vacation Home in 2022-23

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Considering investing in a mountain view? Vacasa, North America’s leading vacation rental management platform, released its Best Places to Buy a Winter Vacation Home 2022-2023* report, ranking where prospective vacation home buyers can find snow-capped peaks and a desirable cap rate. Vacasa’s fourth annual top 10 list uses estimated cap rate, or the annual rate of return on investment, to help evaluate which winter markets could deliver the best returns for vacation rental

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HOMEOWNER EQUITY KEEPS GROWING ACROSS U.S. IN THIRD QUARTER DESPITE HOUSING MARKET SLOWDOWN

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Small Equity Gain Results in Nearly Half of U.S. Mortgaged Homes Now Considered Equity-Rich; Seriously Underwater Portion of Mortgages Stays Just Below 3 Percent; Seventeen Times as Many Mortgages are Equity Rich versus Seriously Underwater ATTOM, a leading curator of real estate data nationwide for land and property data, released its third-quarter 2022 U.S. Home Equity & Underwater Report, which shows that 48.5 percent of mortgaged residential properties in the United States were considered equity-rich

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