News Updates

HOUSING MARKETS FACING GREATER RISK OF DECLINE CONCENTRATED IN CALIFORNIA, NEW JERSEY, ILLINOIS AND FLORIDA

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New York City and Chicago Areas More Vulnerable to Drop-offs Along with Inland California; South Still Faces Relatively Small Exposure ATTOM, a leading curator of land, property data, and real estate analytics, released its latest Special Housing Market Impact Risk Report spotlighting county-level housing markets around the United States that are more or less vulnerable to declines, based on home affordability, equity and other measures in the third quarter of 2024. The report shows that California, New Jersey and Illinois once

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Panel Also Forecasts Stagnant Home Sales and Only Modestly Lower Mortgage Rates Following an average expectation for national home price growth of 5.2 percent in 2024, a panel of over 100 housing experts forecasts home price growth to decelerate to 3.8 percent in 2025 and 3.6 percent in 2026, according to the Q4 2024 Fannie Mae (OTCQB: FNMA) Home Price Expectations Survey (HPES), produced in partnership with Pulsenomics, LLC. The panel’s latest

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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, 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, 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 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