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News Updates

HOME FLIPPING ACTIVITY REMAINS HIGH ACROSS NATION AS INVESTOR PROFITS SHOW SIGNS OF IMPROVING IN FIRST QUARTER OF 2023

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Flipping Rate Across U.S. Rises Close to High Point This Century; Typical Profit Margins Inch Up but Still Near Lowest Level Since 2000; Raw Profits Remain Near 10-Year Low ATTOM, a leading curator of land, property, and real estate data, released its first-quarter 2023 U.S. Home Flipping Report showing that 72,960 single-family homes and condominiums in the United States were flipped in the first quarter. Those transactions represented 9 percent of

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Lima One Capital expanding U.S. headquarters in Greenville County, S.C.

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National lender for real estate investors to make $51.4 million investment and create approximately 300 new jobs in new County Square development Lima One Capital, one of the nation’s premier lenders for real estate investors, announced plans to expand its U.S. headquarters in Greenville County, South Carolina. The company’s $51.4 million investment will create approximately 300 new jobs in the market, frequently ranked among the best places to live and

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Redfin Reports There Are Nearly 40% Fewer Homes For Sale Now Than Pre-Pandemic

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Inventory has posted its biggest decline in over a year, with homeowners hanging onto their comparatively low mortgage rates The total number of U.S. homes for sale dropped 6% from a year earlier during the four weeks ending June 11, the biggest decline in 13 months. That’s according to a new report from Redfin, the technology-powered real estate brokerage. New listings dropped 23%, continuing a 10-month streak of double-digit declines. Those add

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Mortgage Industry Leader Thomas Donatacci Joins Cenlar as Senior Vice President and Investor Relations Officer

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Cenlar FSB, the nation’s leading mortgage loan subservicer, announced that Thomas “Tom” Donatacci has joined the company as Senior Vice President and Investor Relations Officer. Tom, who is a well-known leader in the mortgage sector, has extensive experience in servicing transactions and subservicing, due diligence, and M&A. He will be responsible for strengthening our relationships with Cenlar’s stakeholders – primarily agency investors, shareholders, clients and rating agencies. Tom will support

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HOUSING MARKET SLOWDOWN ACROSS U.S. STARTING TO AFFECT UPSCALE AND WESTERN MARKETS MORE THAN OTHERS

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Oregon and Washington Among Higher-Priced Areas of Nation Absorbing More of Recent Market Decline Based on Key Measures from First Quarter of 2023; Other Areas of U.S. in Lower Price Ranges Showing Less Impact from Downturn ATTOM, a leading curator of land, property, and real estate data, released a Special Housing Impact Report spotlighting how the recent downturn in the U.S. housing market is starting to affect counties around the nation, based on key

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Home Prices May Have Bottomed Out

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With Limited Inventory, the Mid-Atlantic Market Remains Competitive After two and a half years of robust price growth, home prices in the Mid-Atlantic have been relatively flat for the past three months. However, homes continue to sell very fast and the lack of new listings suggests that prices in the region may have bottomed out and could be set to rebound. Both pending and closed sales increased between April and

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