Understanding Today’s Connected Borrower

Sign up for this webinar to learn how to transform the borrower journey from transaction to relationship and gain a significant lift in production in today’s digital lending environment.

RealTrending: eXp’s Glenn Sanford reveals what’s next for company

CEO of eXp World holdings addresses his critics about his agent referral program, where he is taking the company next and growth limiters for the brokerage.

Navigating Closing Struggles in 2021’s Purchase Market

Join this webinar to discover the most current information on hybrid and full eNote eClosings and discuss key criteria to successfully implementing your eClosing strategy.

Should lenders look to non-QM when the refi boom slows?

Angel Oak shared with HW how non-QM lending could be an effective way for lenders to replace lost business in the event of a refi boom slowdown.

Has the luxury home market peaked?

Multimillion-dollar listings are slashing prices

There’s never a shortage of news about record-breaking sale prices for luxury homes, but it could be a warning sign when the news turns to these ultra-high end homes slashing prices because they’re not selling.

Do the big league buyers know something the average homebuyer doesn’t?

Apparently, they know when prices are being inflated.

Sellers of some of the city’s most expensive properties are dramatically slashing prices, even as developers keep trying to push the boundaries of the luxury market with pie-in-the-sky price tags of up to $175 million.

“Million Dollar Listing New York” star Fredrik Eklund and business partner John Gomes of Douglas Elliman are cutting the price on their ritziest listing — the stunning 7,061-square-foot penthouse at 11 N. Moore St. in Tribeca — by more than 25%. Initially, they were seeking $40 million. Now it can be yours for $29.95 million.

“We made a decision to get real and sell it,” Eklund said of his listing.

He and Gomes aren’t the only ones axing prices.

Embattled hedge-fund billionaire Steven Cohen, who heads the Wall Street firm formerly known as SAC Capital Advisors, recently reduced the listing price of his palatial One Beacon Court penthouse to $82 million from an ambitious $110 million. 

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Housing market inventory is starting to recover

Single-family housing starts rose 15.3% to a pace of 1.24 million annualized units. Experts see a strong spring housing market ahead.

Apr 16, 2021 By
3d rendering of a row of luxury townhouses along a street

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