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The Home Depot Foundation invests $10 million to help veterans age in place, avoid homelessness

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New commitment bolsters the Foundation’s progress toward $750 million investment by 2030 In honor of Veterans Day and the annual Operation Surprise initiative, The Home Depot Foundation is investing $10 million to help veterans age in their current residences and avoid homelessness. This significant funding will address the urgent need for accessible and stable housing for aging veterans, a population that is expected to surge in the coming decades. According to recent projections from the Department of Veterans Affairs (VA), the number of veterans over the age of 85 who require care will increase by a staggering 535% over the next 20 years. Research also indicates that homelessness among individuals aged 65 and older will reach its peak by 2030, with veterans being disproportionately affected compared to the general population. While veteran homelessness has decreased by 55% over the past decade, it began to rise again in 2023. “As veterans age, small accessibility modifications can mean the difference between remaining in their own homes versus being displaced,” said Erin Izen, executive director of The Home Depot Foundation. “With this new $10 million investment, The Home Depot Foundation is proud to further our support of our nonprofit partners improving veteran housing across the country, helping veterans safely maintain their independence for years to come.” The funding announced today will facilitate: “The generous investment from The Home Depot Foundation is an important step forward in our shared mission to support and uplift our veterans through housing,” said Stephen Peck, CEO of U.S.VETS. “We are honored to be a partner in this initiative to expand affordable, accessible supportive housing that meets the needs of those who have bravely served our nation.” In celebration of its annual Operation Surprise initiative, The Home Depot Foundation and Team Depot, The Home Depot’s associate volunteer force, will undertake hundreds of service projects nationwide to enhance the safety and accessibility of veterans’ homes. Throughout the month of November, Team Depot will focus on making veteran housing safer, more accessible and livable for the long run. Beyond physical improvements, Team Depot will also deliver special moments of appreciation to honor those who have served. On Veterans Day last year, The Home Depot Foundation announced it had surpassed $500 million invested in veteran causes since 2011, meeting its previous financial commitment two years early. The Foundation also laid out plans to grow its mission to serve those who served with an updated commitment of $750 million to veteran causes by 2030. Through this incremental $250 million commitment, the Foundation, its nonprofit partners and Team Depot will focus primarily on affordable housing issues and will impact an estimated 50,000 veterans. The Home Depot is proud to have tens of thousands of veterans, service members and military spouses in orange aprons. To learn more about The Home Depot’s commitment to the veteran and military communities, visit homedepot.com/military. Follow #OperationSurprise to see how the Foundation and Team Depot are making homes more welcoming for veterans across the country. About The Home Depot FoundationThe Home Depot Foundation, the nonprofit arm of The Home Depot (NYSE: HD), works to improve the homes and lives of U.S. veterans, support communities impacted by natural disasters and train skilled tradespeople to fill the labor gap. Since 2011, the Foundation has invested more than $550 million in veteran causes and improved more than 65,000 veteran homes and facilities. The Foundation has pledged to invest $750 million in veteran causes by 2030 and $50 million in training the next generation of skilled tradespeople through the Path to Pro program by 2028. To learn more about The Home Depot Foundation visit HomeDepotFoundation.org and follow us on Twitter @HomeDepotFound and on Facebook and Instagram @HomeDepotFoundation. SOURCE The Home Depot Foundation

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Foreclosure Starts Increase 6 Percent from Last Month; Completed Foreclosures Increase 12 Percent from Last Month ATTOM, a leading curator of land, property data, and real estate analytics, released its October 2024 U.S. Foreclosure Market Report, which shows there were a total of 30,784 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — up 4 percent from a month ago but down 11 percent from a year ago. “Foreclosure activity remains challenging for U.S. homeowners, with starts and completed foreclosures up in October,” said Rob Barber, CEO of ATTOM. “As we approach 2025, the recent Fed rate cut, and the new administration could impact mortgage rates and market stability. While seasonal factors may slow things down briefly, we’ll be watching closely to see how these recent dynamics affect the market in the coming year.” Nevada, New Jersey, and Florida post highest foreclosure ratesNationwide, one in every 4,578 housing units had a foreclosure filing in October 2024. States with the highest foreclosure rates were Nevada (one in every 2,741 housing units with a foreclosure filing); New Jersey (one in every 3,059 housing units); Florida (one in every 3,086 housing units); California (one in every 3,152 housing units); and South Carolina (one in every 3,272 housing units). Among the 224 metropolitan statistical areas with a population of at least 200,000, those with the highest foreclosure rates in October 2024 were Vallejo, CA (one in every 1,464 housing units with a foreclosure filing); Bakersfield, CA (one in every 1,640 housing units); Chico, CA (one in every 1,724 housing units); Stockton, CA (one in every 1,802 housing units); and Lakeland, FL (one in every 1,894 housing units). Those metropolitan areas with a population greater than 1 million with the worst foreclosure rates in October 2024 were: Riverside, CA (one in every 1,978 housing units); Cleveland, OH (one in every 2,186 housing units); Fresno, CA (one in every 2,247 housing units); and Indianapolis, IN (one in every 2,293 housing units); and Las Vegas, NV (one in every 2,314 housing units). Greatest numbers of foreclosure starts in California, Texas, and FloridaLenders started the foreclosure process on 20,950 U.S. properties in October 2024, up 6 percent from last month but down 10 percent from a year ago. States that had the greatest number of foreclosure starts in October 2024 included: California (2,915 foreclosure starts); Texas (2,282 foreclosure starts); Florida (2,227 foreclosure starts); New York (1,187 foreclosure starts); and Michigan (1,035 foreclosure starts). Those major metropolitan areas with a population greater than 1 million that had the greatest number of foreclosure starts in October 2024 included: New York, NY (1,247 foreclosure starts); Los Angeles, CA (911 foreclosure starts); Chicago, IL (761 foreclosure starts); Miami-Fort Lauderdale, FL (727 foreclosure starts); and Houston, TX (624 foreclosure starts). Foreclosure completion numbers increase from last monthLenders repossessed 2,938 U.S. properties through completed foreclosures (REOs) in October 2024, up 12 percent from last month but down 12 percent from last year. States that had the greatest number of REOs in October 2024, included: California (306 REOs); Illinois (252 REOs); Texas (249 REOs); New York (212 REOs); and Florida (140 REOs). Those major metropolitan statistical areas (MSAs) with a population greater than 1 million that saw the greatest number of REOs in October 2024 included: Chicago, IL (162 REOs); New York, NY (147 REOs); Los Angeles, CA (61 REOs); Detroit, MI (59 REOs); and San Antonio (58 REO’s). Media Contact:Megan Huntmegan.hunt@attomdata.com Data and Report Licensing:datareports@attomdata.com SOURCE ATTOM

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Leading Real Estate Consulting and Managed Services Firm Welcomes Global Industry Veteran RealFoundations, the world’s foremost provider of consulting and managed services for the real estate industry, announced the appointment of Andy Rothery to the firm’s leadership team as an Enterprise Managing Consultant. Rothery brings over 30 years of real estate experience, along with extensive global operational expertise and industry relationships. With over three decades of experience in the real estate industry and a deep understanding of global real estate operations, Rothery will be instrumental to advancing brand awareness and generating new business opportunities within the UK and across Europe. “We are delighted to welcome Andy to our team, which will strengthen our advisory services within the UK and position us for growth across Europe,” said Phillip McCorkle, Chief Executive Officer of Management Consulting at RealFoundations. “Andy’s distinguished record of leadership and real estate advisory will play a critical role in expanding our presence and elevating RealFoundations’ mission to make real estate run better on a global scale.” Rothery, a seasoned real estate executive, has held executive leadership roles at some of the world’s most well-recognized professional services firms. His prior leadership roles include Equity Partner positions at both Arthur Andersen and Deloitte, where he was the global industry chair and founding managing partner of Deloitte Real Estate. Following his departure from Deloitte, Rothery engaged in various advisory roles and contributed to various charitable and educational initiatives. Most recently, he served as Co-head of Affordable Housing at QSix, a specialized residential investment manager, and as an advisor at Pinnacle Investments, where he supported the development of an institutional key worker housing investment vehicle. “I am very excited to be joining RealFoundations, who have a unique position as the world’s largest real estate focused operational consulting and managed services firm. I believe the winners in the next cycle will be those organizations that have the most efficient and effective operating platform. Those able to adapt quickly and at scale to growth challenges across markets, integrate ESG reporting, adopt AI tools, address cyber risk, and provide timely and accurate data to increasingly diverse and demanding stakeholder groups will be positioned for success. RealFoundations is uniquely positioned to help clients with all these challenges in Europe given its experience in the United States,” said Andy Rothery. To learn more about RealFoundations’ experience serving global leaders in the real estate market, visit www.realfoundations.net. About RealFoundations RealFoundations (RF) is the world’s foremost professional services firm focused solely on the real estate industry. Through our delivery of Management Consulting and Managed Services, we help companies that develop, own, operate, service or invest in real estate make better, more profitable decisions. We are proud partners to over 500 real estate companies around the globe, providing accelerated solutions that solve some of real estate’s most complex challenges. We Make Real Estate Run Better. Contacts MediaCaliber Corporate Advisersrealfoundations@calibercorporate.com

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HPSI Up Significantly from All-Time Low Recorded Two Years Ago The Fannie Mae Home Purchase Sentiment Index® (HPSI) increased 0.7 points in October to 74.6, pushing the measure of consumer confidence to its highest level since February 2022 and significantly higher than the all-time low recorded two years ago. In October, the share of consumers who think it’s a good time to buy a home increased to 20%, while the share who think it’s a good time to sell a home declined to 64%. On net, consumers continue to expect home prices to rise and mortgage rates to fall, with the latter component hitting another survey high this month. The personal finance components also remained fairly flat month over month, with fewer consumers expressing job loss concerns and slightly more indicating that their household income fell year over year. The full index is up 9.7 points year over year. “While we have seen significant improvement in overall housing sentiment over the past two years, consumers’ perception of homebuying conditions remains strained, with only 20% believing it a ‘good time’ to buy a home, primarily due to high home prices,” said Mark Palim, Fannie Mae Senior Vice President and Chief Economist. “In fact, the share citing mortgage rates as the primary driver of their homebuying pessimism declined again this month; however, since the fielding of the survey primarily in the first half of October, mortgage rates moved sharply higher, which may serve to suppress some of the recently observed rate optimism. One effect of the prolonged period of relatively high home prices of the past four years is that we are seeing a slowly growing preference to rent rather than buy on consumers’ next move. With rent growth expected to remain modest in 2025, more consumers may be seeking – and finding – attractive deals in the rental market as they continue saving toward a future home purchase.” Home Purchase Sentiment Index – Component Highlights Fannie Mae’s Home Purchase Sentiment Index (HPSI) increased 0.7 points in October to 74.6. The HPSI is up 9.7 points compared to the same time last year. Read the full research report for additional information. To receive e-mail updates with other housing market research from Fannie Mae’s Economic and Strategic Research Group, please click here. SOURCE Fannie Mae

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Roc360, a leader in real estate financing solutions, is pleased to announce the successful closing of its second residential transitional loan (RTL) securitization, Roc Mortgage Trust 2024-RTL1. Structured to support professional investors in the residential market, the transaction highlights Roc360’s ongoing commitment to scalable, high-performance financing solutions. The securitization, totaling $237.5 million in mortgage-backed notes, was rated by DBRS Morningstar. As a revolving securitization, the transaction allows for the addition of new loans, supporting the continued growth of Roc360’s loan portfolio. The securitization was sponsored by Roc360 Real Estate Income Trust, a private mortgage REIT on the Roc360 platform. Roc360, through affiliated entities, provides loan origination, servicing, and asset management functions. All of the loans in the mortgage pool were originated by Roc360’s affiliates: Roc Capital, Finance of America Commercial, and CIVIC Financial Services. The transaction incorporates robust credit enhancement through subordination, overcollateralization, and excess spread, which support the credit ratings assigned by DBRS Morningstar. “We are thrilled to bring a second securitization to the market as we continue to grow our business, catering to the needs of real estate investors,” said Andrew Whelan, President at Roc360 REIT. “This transaction not only underscores our commitment to providing resilient financing options but also reflects our platform’s data-driven approach to optimizing credit performance.” This 2024-RTL1 securitization builds on Roc360’s inaugural 2021-RTL1 securitization, which demonstrated strong market interest and investor confidence. The 2024-RTL1 issuance provides a sequential-pay structure, ensuring principal is paid down across the class hierarchy following the reinvestment period. This structure aims to meet the needs of institutional investors and further strengthen Roc360’s position in the residential real estate finance market. As Roc360 continues to serve its network of private lenders, borrowers and institutional partners, the company leverages proprietary technology and data science to assess risk and optimize asset performance. Since 2014, Roc360 organically originated and acquired brands which collectively funded over $28 billion in loans throughout the United States, fueling growth in the residential transitional space and providing a dependable source of capital to real estate investors across the U.S. About Roc360 Founded in 2014, Roc360 is a vertically integrated financial services platform, specializing in residential real estate investment loans for professional investors. Headquartered in New York City, Roc360 organically originated and acquired brands which collectively funded over $28 billion in loans through its comprehensive suite of financial solutions, which include underwriting, servicing, insurance, and risk management. Roc360 is dedicated to empowering real estate investors with scalable, data-driven capital solutions. For Roc360 Media Relations: pr@roc360.com For more information about Roc360, please visit www.roc360.com SOURCE Roc360

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San Jose, CA, Los Angeles and San Diego have the highest shares of renter households, while Cape Coral, FL, Charleston, SC and Columbia, SC have the lowest The number of renter households rose 2.7%, in the third quarter year over year, to a record 45.6 million. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That rate of growth is three times faster than the 0.9% increase in homeowner households, which now total a record 86.9 million. The 2.7% increase—representing 1.18 million additional renter households—was the second fastest pace since 2015, only trailing the first quarter’s 2.8% rate. Renter households have formed faster than homeowner households for the past four quarters as the cost of buying a home rose faster than the cost of renting. The median asking rent was up 0.6% year over year in September, but rents have remained largely flat for the past two years—becoming more affordable as wages grew at around 4%. In contrast, home prices climbed 6% year over year in September and have grown more than 10% in the past two years. Highlighting the affordability barriers that exist for prospective homeowners, just 2.5% of U.S. homes changed hands in the first eight months of 2024—the lowest rate in decades. “Affordable housing has been at the forefront of this election cycle because so many people are struggling to see how they will ever become homeowners—especially those from younger generations,” said Redfin Senior Economist Sheharyar Bokhari. “With home prices at record highs and mortgage rates remaining elevated, renting is increasingly the only viable choice for many young people and families. Building more homes will help address that, but we also have to recognize that Gen Z and future generations may not view homeownership as a life goal and the rentership rate may continue to rise for years to come.” New multifamily units are being completed at a record pace Part of the reason rents have remained stable—and renting has become more attractive to many—is the boom in multifamily construction over the past two years. The country is adding new multifamily housing units at an annual rate of 647,000 (as of the third quarter)—the fastest pace in records dating back to 1994. The recent boom in multifamily construction helped meet surging demand in some areas—especially in Sun Belt states—but builders are now pumping the brakes. Permits to build multifamily housing units were down 16% year over year in September, and down 47% from the post-pandemic high in February 2023—which was the highest mark in nearly 40 years. More than half the households in San Jose and Los Angeles rent Nationwide, just over one-third (34.4%) of households in the U.S. are renter households—a figure that has remained the same for the past three quarters. The rentership share is highest in metros in California and in New York City, where homes are generally more expensive to buy. San Jose, CA has a rentership rate of 52%, the highest among the 75 largest U.S. metropolitan areas. It’s followed by Los Angeles (50.8%), New York (49.1%), San Diego (48%) and Fresno, CA (47.4%). Rentership rates are lower in metros where, historically, it’s been more affordable to buy a home. In Cape Coral, FL, 21.8% of households are renter households—the lowest share among the metros Redfin analyzed. It’s followed by Charleston, SC (23.7%), Columbia, SC (24.5%), Allentown, PA (27.2%) and Detroit (28.2%). To view the full report, including charts, methodology and additional metro level data, please visit: https://www.redfin.com/news/renter-household-growth-q3-2024