Jeremiah Jensen is a reporter for HousingWire. In this role, he helps deliver timely news coverage of the U.S. housing market. Prior to joining HousingWire, Jeremiah was a freelance reporter in the commercial real estate space. He is a graduate of Southern Methodist University’s Journalism School.
RealPage Chief Economist Greg Willet says Class-A multifamily communities are struggling to keep up their renter retention numbers. Though supply is a major factor, it's not the only one. Here's a full breakdown of the situation in Class-A.
The bulk of potential homebuyers cannot buy homes. That is the long and short of the issue. Existing home sales fell 2.5%, according to the National Association of Realtors' monthly report, and it doesn't look like things will change any time soon.
The National Association of Home Builders released the results from its quarterly survey on production and occupancy conditions. According to NAHB, the multifamily market is stable with strong demand on the horizon.
In-House Realty, which like Quicken Loans is a subsidiary of Rock Holdings, announced this week that it purchased ForSaleByOwner.com, a real estate site where homeowners can market their home. In-House Realty is a digital platform for matching consumers with real estate agents, and the move to acquire ForSaleByOwner.com appears to be part of a larger move to develop a one-stop shop for homebuyers and sellers.
The lion's share of the nation's multifamily business is concentrated in five cities, and these cities appear to be in for a dip in performance. Some investors think it's going to seriously affect REIT performance; others say it's nothing to worry about.
Impac Mortgage Holdings is undergoing a shakeup in the C-suite. Two months after its CEO stepped down, its CFO Todd Taylor is leaving for greener pastures. Brian Kuelbs of BANC of California is signing on as Taylor's replacement.
South Carolina snagged RoundPoint Mortgage Servicing's corporate relocation. The mortgage servicing company announced this week it is investing $34 million in its new home and bringing 1,100 jobs to the area.
He wears t-shirts to his televised interviews; not very CEO. He played sports at a high level, but rarely brings it up and when he does he talks about it as a mere chapter in his life. Honestly, who plays a Super Bowl and doesn’t describe it as the defining moment in their personal journey? Casey Crawford, that’s who. His family is a big part of his life of course, but he talks about his even larger family — his coworkers — in terms that are just as glowing.
One of the things that has bedeviled mortgage financing post-crisis has been the absence of the private label mortgage backed securities market. During the peak years, private label MBS issuance topped $1 trillion. In 2017, only $70 billion of private label RMBS were issued, although that is a big increase from 2016.
Digital technology has disrupted businesses and industries from publishing to public transportation, so can the mortgage industry be far behind? Actually, anyone who’s applied for a mortgage recently will have recognized that things are already changing fast.