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Rent Growth Picked Up in July, Reports Yardi Matrix

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July marks six consecutive months of gains in national advertised asking rents Consistent economic growth and demographic trends sustained multifamily demand at the start of the third quarter, according to the latest Yardi® Matrix National Multifamily Report. The average U.S. publicly advertised rent or “asking rent” rose 0.8 percent year-over-year (YoY) through July, or $4 to $1,743. The national occupancy rate in June remained at 94.6 percent for the seventh straight month, down 0.4 percent YoY. Gateway

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Yancy Riggs joins ServiceLink’s default division

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ServiceLink, the nation’s premier provider of tech-enabled services for all phases of the mortgage lifecycle, is pleased to welcome Yancy Riggs, vice president, national sales executive, to its default division. Riggs, who will be responsible for driving client growth and new business development for default solutions, is an accomplished and respected mortgage banking professional with more than 20 years of industry experience. He has a proven track record of success

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Redfin Reports Typical Homebuyer’s Monthly Payment Drops to Lowest Level in 4 Months

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Monthly housing payments are falling as mortgage rates decline, but many house hunters remain on the sidelines, with pending sales posting their biggest drop in nearly nine months The typical U.S. homebuyer’s monthly housing payment was $2,671 during the four weeks ending July 21, the lowest level in four months and down $166 from the record high set at the end of April. That’s according to a new report from Redfin (redfin.com),

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Nearly Two-Thirds of Gen Z and Millennials Are Ready to Become Homeowners

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New data reveals that although the younger generations have considerations about affordability, they are ready to own a home and view it as an important part of life. The dream of homeownership remains an integral part of life for Gen Z and Millennials in the U.S., who continue to feel that owning a home is important despite market conditions. In a consumer survey, RE/MAX, the #1 name in real estate, showcases Gen Z

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A $1 million starter home? It’s the norm in 237 cities

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The number of cities with ‘million-dollar’ starter homes has nearly tripled since 2019 A million-dollar price tag no longer means lavish and luxurious living. In more than 200 U.S. cities, buyers will find a price tag of $1 million or more on the typical starter home, a new Zillow® analysis finds. The typical “starter home” — defined for this analysis as being among those in the lowest third of home values in a given

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Lima One Capital Appoints Josh Woodward as President and Chief Executive Officer

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Lima One Capital, a leading nationwide lender for real estate investors, has named Josh Woodward as its new President and Chief Executive Officer. Woodward joined Lima One in 2013 as one of the company’s first six employees. He has served as Chief Financial Officer, playing an integral role in building Lima One’s accounting, finance, capital markets, servicing, and special servicing teams, as well as in the development of its FixNFlip,

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