News Updates

CROSS COUNTRY MOVERS LARGELY UNDETERRED BY RISING MORTGAGE RATES

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Redfin.com user search data shows that 14% fewer homebuyers looked to move within their own metro area in February than a year earlier, compared with a 4% drop for out-of-town movers The number of Redfin.com home searchers looking to relocate to a new metro fell 3.6% year over year in February, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. That compares with a 14.4% drop in Redfin.com

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The study illustrates farmland’s historical resilience in the face of financial turbulence, demonstrated by the asset’s strong performance since the onset of the COVID-19 pandemic and subsequent market turbulence. Farmland investment manager FarmTogether released a new study that illustrates farmland’s historical resilience in the face of financial turbulence over the last three decades, demonstrated by the asset’s stable performance since the onset of the COVID-19 pandemic and subsequent market turbulence. The study,

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A new report by RE/MAX explores the cultural context and influential trends set to shape the real estate industry in the U.S. as homebuyers and sellers of all generations become increasingly pragmatic in their real estate search With 2022 having seen a notable increase in mortgage rates compared to historical lows in 2020-21, and with many economic factors to watch based on the first quarter of 2023, many U.S. homebuyers

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Kathleen Balderrama has officially assumed her position as Group Head for Alliant Capital , the 6th largest LIHTC syndicator in the United States. She takes over for Shawn Horwitz and oversees LIHTC production, acquisitions, and asset management for the Alliant team. Taking the helm after nearly 10 years with the organization, Balderrama has nearly two decades of LIHTC and affordable housing experience. “Katie has been constantly expanding her role with the organization, digging into the

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Overall Mortgage Delinquencies Inch Up As 30-Days Late Payments Rise Black Knight, Inc. (NYSE:BKI) reports the following “first look” at February 2023 month-end mortgage performance statistics derived from its loan-level database representing the majority of the national mortgage market. Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 3.45%Month-over-month change: 1.96%Year-over-year change: -12.56% Total U.S. foreclosure pre-sale inventory rate: 0.46%Month-over-month change: 0.81%Year-over-year change: 15.18% Total U.S.

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The typical U.S. homebuyer made a $42,000 down payment in January, the lowest level in nearly two years, amid rising mortgage rates and low competition The typical U.S. homebuyer’s down payment fell 10% year over year in January to $42,375, its lowest level in nearly two years, according to a new report from Redfin (www.redfin.com), the technology-powered real estate brokerage. The median down payment was down 35% from the peak it reached