Image Each month, Nareit highlights recent executive career moves, board changes, and other notable individual achievements within the REIT and publicly listed real estate...
Image Each month, Nareit highlights recent executive career moves, board changes, and other notable individual achievements within the REIT and publicly listed real estate...
According to the Mortgage Bankers Association's latest Commercial Delinquency Report, U.S. commercial mortgage delinquencies increased in the first quarter of 2024. "Commercial mortgage delinquency rates continued to increase during the first three months of 2024," said Jamie Woodwell, MBA's Head of Commercial Real Estate Research. "The increase was seen across most capital sources, pointing to the...
A report released Wednesday by Realtor.com shows that a key measurement of U.S. home values is growing faster that the more commonly viewed metric of listing price. The analysis revealed that, across the 50 largest U.S. metro areas, price per square foot rose by 52.7% during the five-year period ending in May 2024. By comparison, the national median list price for a home jumped 37.5% during the same...
California-based mortgage lender loanDepot (LDI) has made two additions to its sales leadership team. On Wednesday, the company confirmed that Justin Andrews has been hired as the new area sales manager in the Seattle region. Andrews comes to loanDepot with 25 years of mortgage industry experience, including a recent stint as national director of branch partnerships at Movement Mortgage. Andrews also...
Top U.S. real estate brokerage Compass announced Wednesday that it has hired Hal Bennett, a high-producing agent based in the Seattle area. Bennett formerly worked with Redfin, where he was recognized by RealTrends among the top-producing agents in the state of Washington in 2023. Bennett ranked No. 16 in the state with 63 sides and was No. 17 with $47.7 million sales volume last year. ”At this...
Only 15 percent of U.S. adults believe the nation will be able to adequately care for its aging population, and nearly three-quarters (73%) of adults under the age of 65 are concerned that the Medicare program may not exist by the time they are able to qualify for it. This is according to survey results released this week by Gallup. In conjunction with health care nonprofit West Health, the...
Leading reverse mortgage lender Finance of America (FOA) has undergone a round of layoffs that are impacting multiple levels of the organization, including retail and corporate leadership positions. The news was first reported by National Mortgage News. While FOA catapulted to the top spot in the reverse mortgage industry virtually overnight last year after closing on its acquisition of former industry...
It’s not even completed yet and THE 74 is already making waves on the Upper East Side with its fresh take on luxury living. Designed by the visionary architects at Pelli Clarke & Partners and the AD100 superstar Rafael de Cárdenas, the still-under-construction condo building is a modern reinterpretation of the classic New York skyscraper, conjuring city icons like the Chrysler Building,...
WaterColor, a picturesque coastal community nestled along the scenic Highway 30A in Northwest Florida, has just seen its highest-priced home sale in history. A 5-bedroom beachside property fetched a staggering $8,550,000 in an off-market transaction — selling for top dollar before even getting a chance to list publicly. Here’s a closer look at this record-breaking sale and the stunning home that...
Do you want to earn passive income from your vacation rental property? Your best bet could be hiring an Airbnb property management company. Key Takeaways Short-term rentals can be...
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