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Home2023September

Month: September 2023

New York Post

WeWork faces $30M lawsuit as DivcoWest demands full payment amid bankruptcy threat

September 19, 2023 Mariel Alumit Comments Off on WeWork faces $30M lawsuit as DivcoWest demands full payment amid bankruptcy threat

In a high-stakes showdown between co-working giant WeWork and powerhouse landlord DivcoWest, the battle for millions is set to unfold on the streets of Manhattan. As WeWork teeters on the brink of bankruptcy, DivcoWest has […]

Housing Wire

Opinion: Beware of the hidden losses of real estate mergers and acquisitions

September 19, 2023 Mariel Alumit Comments Off on Opinion: Beware of the hidden losses of real estate mergers and acquisitions

As someone who worked for a large, nationally branded brokerage for 30+ years, I had a front-row seat to many mergers and acquisitions. I would love to say they all went well, but they didn’t. […]

Housing Wire

The market outlook may be unclear, but lender challenges cannot get clearer

September 19, 2023 Mariel Alumit Comments Off on The market outlook may be unclear, but lender challenges cannot get clearer

One of the challenges in discussing what the mortgage industry needs to do next is figuring out what’s actually coming next. In August, when interest rates topped 7% for the first time in 22 years, […]

Housing Wire

Downside risk to home sales is limited despite 7% rates: Fannie Mae

September 19, 2023 Mariel Alumit Comments Off on Downside risk to home sales is limited despite 7% rates: Fannie Mae

The housing market faces renewed headwinds with mortgage rates settling above 7%. Still, the downside risk to home sales is limited as more sales are being driven by life events, according to Fannie Mae’s Economic […]

Housing Wire

Homebuilders are pulling back, but permit activity suggests things will turn around soon

September 19, 2023 Mariel Alumit Comments Off on Homebuilders are pulling back, but permit activity suggests things will turn around soon

Housing starts fell to a seasonally adjusted annual rate of 1,283,000 in August, according to the U.S. Census Bureau. It’s a 11.3% drop from the revised July estimate of 1,447,000 and 14.8% below the August 2022 […]

No Picture
Housing Wire

Top Louisiana indie brokerage joins The Real Brokerage

September 19, 2023 Mariel Alumit Comments Off on Top Louisiana indie brokerage joins The Real Brokerage

The Real Brokerage continues to add to its agent count. Lafayette, Louisiana-based District South Real Estate Co. has joined Real, according to an announcement on Tuesday. Led by Carrie Théard and Sean Hettich, District South’s […]

Housing Wire

Grid151 acquires Simply Secure Sign’s eClosing technology

September 19, 2023 Mariel Alumit Comments Off on Grid151 acquires Simply Secure Sign’s eClosing technology

Grid151, a technology products provider for the mortgage and real estate industries, has acquired Simply Secure Sign, an eClosing technology platform, the company announced Tuesday. As a result, Grid151, which is owned by the holding […]

Housing Wire

Changing homebuyer expectations are slowing the housing market

September 19, 2023 Mariel Alumit Comments Off on Changing homebuyer expectations are slowing the housing market

Home sales each week continue to be at depressed levels. We counted only 59,000 new pending sales this week. Meanwhile, the available inventory of unsold homes is growing. This week, inventory grew faster than it […]

No Picture
Air Bnb Newsroom

Welcoming progress on EU-wide short-term rental rules  

September 19, 2023 Mariel Alumit Comments Off on Welcoming progress on EU-wide short-term rental rules  

Airbnb has today welcomed progress towards EU-wide short-term rental rules, as EU policymakers voted in favor of proposals to make hosting rules more simple and proportionate across the bloc. The EU’s Internal Market and Consumer […]

Housing Wire

Chris Lim steps down at Christie’s president; Hamrick and Van Eck to share role

September 19, 2023 Mariel Alumit Comments Off on Chris Lim steps down at Christie’s president; Hamrick and Van Eck to share role

Chris Lim is stepping down as president of Christie’s International Real Estate, according to an announcement on Tuesday. The brokerage noted that Lim will remain at Christie’s as a senior advisor and global brand ambassador, […]

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U.S. Market

Rocket
Housing Wire

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off on Rocket lost money last year, so why are its shares up?

​ Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

delinquency rates
Housing Wire

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off on Industry experts are closely watching delinquency rates, insurance costs

​ Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs
Economy

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off on Jobs data sends mortgage rates higher

​ Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]

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