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Leni Launches Industry-First Universal Data Model for Multifamily Real Estate

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Leni Launches Universal Data Model (UDM): A Groundbreaking Milestone for Multifamily Real Estate Data Integration Leni, the leading AI-powered decision-support platform for real estate, is proud to unveil its Universal Data Model (UDM)—a revolutionary innovation redefining data integration and intelligence in the multifamily real estate industry. Developed over three years of intensive R&D by an exceptional team including alumni from MIT, Greystar, EY and X (formerly Twitter), along with PhD and Master’s

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Wrightwell, Formerly Vantage, Secures New Financing Round and Partners with Bain Capital and Saluda Grade to Invest Up To $300M in U.S. Housing

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Wrightwell, a vertically integrated real estate platform offering comprehensive operational and investment services to captive capital partners and third-party clients, today announced the close of its latest funding round. In conjunction with the transaction, Wrightwell also formed a strategic partnership with Bain Capital’s Insurance team (Bain Capital) and Saluda Grade to invest up to $300 million into SFR and BFR housing, addressing critical residential housing needs across the U.S. “We are thrilled to

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Evernest Acquires Property Management Division of Picket Homes

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Evernest, a national, full-service real estate and property management firm, announced the acquisition of certain assets of Elara, the property management division of Picket Homes. The acquisition solidifies Evernest’s position as one of the largest institutional third-party property management providers in the United States. With this acquisition, Evernest now manages 15,000 homes across more than 35 markets nationwide. “Evernest is committed to delivering unmatched value to our clients, and this acquisition represents a strategic milestone

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Pending Home Sales Rise After Post-Election Surge in Home Tours

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Pending sales posted a big year-over-year increase this week, partly because the boom in early-stage homebuying demand Redfin saw just after the election is translating to sales and partly because Redfin is comparing it to a period in 2023 that included Thanksgiving. U.S. pending home sales rose 12.1% year over year during the four weeks ending November 24, the biggest increase since May 2021. That’s according to a new report from Redfin

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U.S. MORTGAGE LENDING RISES IN Q3 2024 AMID REFINANCING SURGE, BUT REMAINS BELOW HISTORIC HIGHS

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Residential Lending Grows Just 2 Percent Even as Rates Keep Declining; Refinance and Home-Equity Deals Rise While Purchase Loans Decrease ATTOM, a leading curator of land, property data, and real estate analytics, released its third-quarter 2024 U.S. Residential Property Mortgage Origination Report, which shows that 1.67 million mortgages secured by residential property (1 to 4 units) were issued in the United States during the third quarter. That led to modest quarterly and annual increases of

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Recent Rate Run-Up Expected to Keep Existing Home Sales Near Historic Lows Through 2025

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Economy Remains on Strong Footing, though Core Inflation Remains Sticky Existing home sales are now expected to rise only 4 percent next year from a 2024 pace that is on track for a nearly 30-year low, according to the November 2024 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. The downward revision to the existing home sales outlook, which was previously forecast to rise 11 percent in 2025, is

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