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News Updates

LendingHome Loans $219 Million in March, Surpassing Previous Monthly Record

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Rising number of real estate investors turn to San Francisco lender for financing needs LendingHome, one of the nation’s largest lenders to real estate investors, announced the company in March surpassed $200 million in funding volume for the first time — eclipsing the previous monthly record. LendingHome funded loans equaling $219 million, including one for $9.3 million with high-profile Pintar Investment Company to refinance a 56-unit rental home community in Florida. March’s total volume

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A Record 1 In 4 Single-Family Homes for Sale In the First Quarter Were New Construction

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New construction is taking up a bigger piece of the pie as low mortgage rates and surging homebuyer demand make homebuilding more attractive during the coronavirus pandemic More than a quarter (25.7%) of single-family homes for sale in America during the first quarter were new-construction homes, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. That is up from 20.4% a year earlier and represents the highest share

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Computer Vision Is Changing Residential Property Management

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Lanthorn.ai and Uptimo are partnering up to streamline residential property management Lanthorn.ai, a Video Analytics Company, and Uptimo, a Real Estate Management Company, announced a collaboration agreement to bring AI solutions into property management. Property management is an essential service facilitating the balance in the rental housing market. The goal of this collaboration is to increase operating income, by reducing costs, and by increasing tenant’s satisfaction through enhanced experiences. This

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Urban Single-Family Homes Are Seeing the Fastest Price Growth as Buyers Return to City But Still Crave Space

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– As vaccines roll out, prices of spacious city dwellings are rising 20% – The pandemic-driven bump in rural properties has peaked – Urban condos are making a comeback with sales up nearly 30% year over year Prices of urban single-family homes are rising nearly 20% year over year—faster than any other type of home—according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. But this year’s hot housing

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Atlas Real Estate and DivcoWest Form $1 Billion Joint Venture to Acquire and Renovate Single-Family Rental (SFR) Homes

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The JV will acquire, renovate, and manage single-family rental (SFR) homes, marking DivcoWest’s entrance into the SFR investment market Atlas Real Estate, a full-service real estate company specializing in investment brokerage, property management and institutional acquisition, announced that it has entered into a joint venture (JV) partnership with San Francisco-based DivcoWest to invest $250 million of equity in single-family homes as rentals throughout the Western United States. The JV expects to deploy $1 billion acquiring and renovating homes

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Median Texas home price up 13.4% during first quarter of 2021

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Texas Realtors releases 2021-Q1 edition of the Texas Quarterly Housing Report The median sales price of homes in Texas reached $274,300 in the first quarter this year, an increase of 13.4% over the same period last year, according to the 2021-Q1 Texas Quarterly Housing Report released today by Texas Realtors. “The demand for housing in Texas remained strong despite the winter storm in February and the pandemic,” said Marvin Jolly, chairman of Texas Realtors. “With a low supply of

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