Mortgage Tech Demo Day

In a half-day format, technology companies will demo their platforms and answer questions. You can tune in for the whole demo day, or strategically drop in on sessions to learn about specific solutions.

DOJ v. NAR and the ethics of real estate commissions

Today’s HousingWire Daily features the first-ever episode of Houses in Motion. We discuss the Department of Justice’s recent move to withdraw from a settlement agreement with the NAR.

Hopes for generational investment in housing fade in DC

Despite a Democratic majority, the likelihood of a massive investment in housing via a $3.5 trillion social infrastructure package appears slim these days. HW+ Premium Content

Road to the one-click mortgage

This white paper will outline how leveraging a credential-based data provider can save money for lenders, reduce friction for borrowers, speed time to close, and overall bring lenders one step closer to a one-click mortgage.

Real Estate

Multifamily market expected to grow in 2020

Following a record-setting 2019, the apartment market is predicted to see more new builds

According to a new report from RealPage, the U.S. apartment market is set to receive more new units in 2020 than it has in any of the last 30 years.

The multifamily market had a rollercoaster of a year in 2019.

Multifamily vacancies hit record lows, with occupancy levels reaching as high as 95.8%, according to RealPage. This is 40 basis points above figures in 2018.

The real estate tech company says it expects about 371,000 new apartment units to hit the market this year, which is a 50% increase compared to last year’s expected new builds.

With all of the new supply expected to hit the market this year, this means about 17% more apartment units will be added to the market.

“Developers have struggled to produce enough new housing to meet demand in recent years,” said Greg Willett, chief economist at RealPage. “However, the volume of apartments on the way in 2020 certainly could test the market’s ability to absorb a big block of additional units in a short time frame.”

The Mortgage Bankers Association predicted late in 2019 that multifamily originations are set to hit yet another all-time high in 2020.

Rent prices also grew by a total of 2.8% in 2019. Rent gains throughout the year hovered around 3%.

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Are we back to a normal housing market?

Favorable demographics should keep the housing market ticking. But watch for home prices escalating out of control and rates moving up sharply, writes columnist Logan Mohtashami. HW+ Premium Content

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3d rendering of a row of luxury townhouses along a street

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