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News Updates

ServiceLink Welcomes Hemanth Panyam As Senior Vice President of Product Innovation

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ServiceLink is reinforcing its commitment to innovative technology enhancements and expanding its best-in-class products and services with the appointment of Hemanth Panyam as its senior vice president of product innovation. Panyam, a data-oriented, hands-on leader, has more than 20 years of product innovation, management and strategy experience. Over the course of his career, he launched multiple 0-1 products and scaled numerous SaaS technology products for some of the nation’s largest

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Roughly 4 in 5 U.S. Residents Believe There Should be Caps On Rent Hikes

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The vast majority of respondents to a recent Redfin survey believe there should be caps on the amount landlords are allowed to increase rent, regardless of whether they’re Democrats or Republicans—however, Redfin economists say rent control worsens housing affordability in the long run More than four of every five U.S. residents (82%) believe there should be caps on the amount landlords are allowed to increase rent, according to a new survey commissioned

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HOME EQUITY GAINS LEVEL OFF AS U.S. HOUSING MARKET COOLS DOWN DURING THIRD QUARTER OF 2024

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 ATTOM, a leading curator of land, property data, and real estate analytics, released its third quarter 2024 U.S. Home Equity & Underwater Report, which shows that 48.3 percent of mortgaged residential properties in the United States were considered equity-rich in the third quarter, meaning that the combined estimated amount of loan balances secured by those properties was no more than half of their estimated market values. That level was down from a recent peak

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U.S. COMMERCIAL FORECLOSURES SPIKE IN SEPTEMBER 2024 WITH SIGNIFICANT YEAR-OVER-YEAR INCREASE

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Commercial Foreclosures Increased 15 Percent from Last Month and 48 Percent from Last Year; States with the Most Commercial Foreclosures in September 2024 Included California, New York, and Florida ATTOM, a leading curator of land, property data, and real estate analytics, released an updated monthly report on U.S. Commercial Foreclosures. The report reveals that commercial foreclosures remain elevated and are still considerably higher than pre-pandemic figures. Starting in June 2023, foreclosure numbers saw a sharp increase, peaking at

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LESSEN JOINS FORCES WITH PROPERTY MELD THROUGH VENDOR NEXUS PROGRAM, VALIDATING INDUSTRY’S PUSH FORWARD TO STRENGTHEN PROPERTY MAINTENANCE OPERATIONS

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Property Meld, the leading property maintenance operations platform, proudly announces a groundbreaking partnership with Lessen, the largest vendor provider in the nation, with a market value of $2 billion. As part of Property Meld’s revolutionary Vendor Nexus program, this partnership is set to drive even greater efficiency and value for property managers across the U.S. “Lessen’s partnership with Property Meld continues to show how Vendor Management and Sourcing can be solved

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Pending Home Sales Jumped 2.5% in September, the Biggest Monthly Increase in Over a Year and a Half

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Redfin reports that existing home sales, which are a lagging indicator, fell to a seasonally adjusted annual rate of 4,023,067. That’s the lowest level on record aside from the start of the pandemic. Pending home sales jumped 2.5% month over month in September on a seasonally adjusted basis, the largest increase since January 2023, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. They rose 3.1% year over

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