Housing Wire

JANUARY 16, 2025

Last year, when mortgage rates approached 7.5%, we saw our first negative jobs report for the residential real estate sector since the recovery began. If residential workers also lose their jobs, it will be necessary for government jobs to grow increasingly faster in 2025 to offset these losses. It’s not booming. ” message.

Mortgages 511

Mortgages Residential Construction Marketing 511

Housing Wire

DECEMBER 18, 2024

Interestingly, employment for residential construction workers typically one of the first areas to experience declines before a recession has not yet seen its usual downturn. It’s important to note that remodeling workers comprise a significant portion of the residential construction workforce. We will soon find out.

Construction 510

Construction Residential Sales Mortgages 510

Housing Wire

MARCH 20, 2024

Friday’s bombshell – the National Association of Realtors ‘ proposed $418 million settlement of real estate commission lawsuits – set off a frenzy of trading for stocks in the residential real estate sector. That is 12 million more than Netflix and 32 million more than LinkedIn.

Investor 482

Investor Residential Agents MLS 482

Housing Wire

JUNE 6, 2024

million mortgages secured by residential property, the 11th drop recorded in the past 12 quarters and the lowest level since the year 2000, according to the newest U.S. Residential Property Mortgage Origination Report compiled by data provider Attom. reduction in residential lending activity compared to first-quarter 2023 and a 69.3%

Lending 493

Lending Mortgages Residential Loans 493

Housing Wire

AUGUST 16, 2024

One key data line that is flagging a path to recession is the loss of residential construction workers. Let’s look at today’s residential construction report and see where we are. But during this entire time, the number of residential construction workers has been growing. From the U.S. percent (±10.3 percent (±10.5

Construction 535

Construction Residential New Construction Finance 535

Housing Wire

NOVEMBER 1, 2024

Excluding the one-time events, the manufacturing data is getting softer and the residential construction sector is at risk with higher rates again, as the housing starts and permits data are at COVID-19 recession levels today. Now, the internals of the data lines, such as the hires and quit percentages, are weaker than the 7.4

Mortgages 508

Mortgages Residential Construction Marketing 508

Housing Wire

APRIL 17, 2024

That includes the nation’s top homebuilders ( DR Horton and Lennar ), mortgage originators ( United Wholesale Mortgage and Rocket Mortgage ), brokerages ( Anywhere and Compass ) and residential search portals ( Zillow and CoStar , which owns Homes.com ). Some experts forecasted as many as six rate cuts in the year based on this news.

Mortgages 493

Mortgages Fixed-rate mortgage Banks Residential 493

Housing Wire

APRIL 29, 2024

The company, which is owned by asset management firm Arrowmark Partners , sells non-QM loans via brokers for clients — usually LLCs, C-corps or S-corps — to acquire residential real estate for commercial and investment purposes.

Lending 482

Lending Commercial Residential Loans 482

Housing Wire

SEPTEMBER 16, 2024

But it doesn’t only take big storms to cause major problems for a residential community. Perhaps most important is the leadership structure in residential communities. But that’s not always the case for residential buildings. Watery catastrophes have become far more and condo flooding is on the rise. Is it a property manager?

Property Management 468

Property Management Residential Development As-is 468

Housing Wire

APRIL 16, 2024

As we can see below, recessions traditionally don’t start until residential construction jobs are lost. As we can see below, we haven’t shed residential construction jobs yet, and we haven’t gone into a job loss recession either. Residential workers fall before the recession as higher rates bite. However, after Nov.

Construction 493

Construction Residential Mortgages As-is 493

Housing Wire

MARCH 8, 2024

Although commercial mortgage debt is propelling these concerns, the possibility of failure for a federally insured bank has implications for the residential mortgage sector. trillion in residential mortgage debt as of first-quarter 2023. This is a problem that we’ll be working on for years more, I’m sure. FDIC), banks held $2.78

Banks 493

Banks Commercial Residential Lending 493

Housing Wire

JUNE 7, 2024

Home equity continued to rise in the first quarter of 2024 as residential properties with mortgages collectively gained $1.5 Mortgaged properties account for 62% of all residential homes in the U.S., trillion in equity over the past year, according to a CoreLogic report released Friday. The average U.S. trillion gain in U.S.

Equity 518

Equity Residential Mortgages Closing 518

Housing Wire

APRIL 4, 2024

If approved, the changes would boost capital requirements for large banks’ residential mortgage portfolios compared to international standards. We gave the public extra time to comment on the rule because it was really complex. I expect them to make adjustments to the final rule. I think it will be a good, strong rule when it’s done.”

Banks 513

Banks Commercial Residential Loans 513

Housing Wire

MAY 24, 2024

Mele played a pivotal role in CoStar’s strategy to dominate the residential real estate sector, advocating for the “your listing, your lead” philosophy. As part of his leadership role, Mele oversaw CoStar’s residential division, including the integration of Homesnap into Homes.com as Homes Pro.

Residential 458

Residential MLS Investor Agents 458

Housing Wire

OCTOBER 3, 2024

The suit is seeking class-action status for a nationwide class that is defined as all persons who purchased a residential property listing on a Realtor-affiliated MLS between 2002 and the present. District Court in Chicago by plaintiffs Dawid Zawislak and Michael D’Acquisto against Equity Realtors , HomeSmart International and Fathom Realty.

MLS 448

MLS Residential Equity Agents 448

Housing Wire

JULY 2, 2024

In the release, the firm noted that Kennedy Lewis has a history of investing in the residential real estate sector and Douglas Elliman expects that as part of this partnership, the investment firm will tap into its industry expertise, which includes experience in land and homebuilder finance investments.

Residential 443

Residential Brokerage Land Branding 443

Housing Wire

SEPTEMBER 24, 2024

Toorak Capital Partners is a leading provider of business-purpose mortgages backed by residential, multifamily and mixed-used properties. Toorak Capital Partners is a leading provider of business-purpose mortgages backed by residential, multifamily and mixed-used properties. He will report to John Beacham , CEO of Roemanu and Toorak.

Residential 433

Residential Commercial Finance Loans 433

Housing Wire

JANUARY 27, 2025

However, as illustrated in the chart above, whenever residential construction workers begin to lose their jobs, a recession is typically not far behind. Without more clarity on mortgage rates , substantial growth in housing permits is unlikely. Census Bureau and the Department of Housing and Urban Development. percent (19.7 percent (16.2

Sales 480

Sales Construction Mortgages Residential 480

Housing Wire

JULY 19, 2024

Founder and CEO Robert Wasmund has a deep background in the residential construction and bridge lending industry. “We Wasmund is also the former CEO of Genesis Capital , which was sold by Goldman Sachs in 2021 to New Residential Investment Corp. , now known as Rithm Capital.

Construction 459

Construction Development Loans Lending 459

Housing Wire

APRIL 9, 2024

The time-tested resiliency of home values highlights home equity’s importance to American households and its significance for residential real estate investors alike. home price appreciation , without the costs, inefficiencies, and complexity that historically come along with large-scale residential real estate investing.

Equity 473

Equity Investor Residential Finance 473

Housing Wire

APRIL 25, 2024

We are excited to introduce Claire to homebuyers as we believe it represents a timely solution while the residential real estate industry is undergoing a significant reset,” Mike Logozzo, president and chief operating officer of reAlpha, said in a statement.

Agents 447

Agents Residential Technology Industrial 447

Housing Wire

AUGUST 2, 2024

When broken out, the residential construction sector added 31,700 jobs month over month, while the number of residential specialty trade contractors rose 7,400 from a month prior. Job creation continued to slow in July as unemployment spiked, which economists say is good news for the Federal Reserve and the housing industry.

Mortgages 493

Mortgages Marketing Construction Residential 493

Housing Wire

MAY 21, 2024

Shuler has also served in CIO leadership roles at GMAC Mortgage/GMAC ResCap , National City Mortgage and Homeward Residential. Planet Home Lending is an originator, correspondent lender , servicer and subservicer of agency and nonagency residential and commercial mortgages.

Lending 444

Lending Residential Technology Commercial 444

Housing Wire

JUNE 20, 2024

AVMs, which value residential real estate used as collateral to secure mortgages, are under an interagency rulemaking process. According to Gruenberg, the final rule helps prevent discrimination in evaluating residential real estate used as collateral in a mortgage transaction by “specifying a nondiscrimination quality control factor.”

Residential 458

Residential Mortgages Banks Finance 458

Housing Wire

JULY 1, 2024

In 2022, Kaufman co-founded AdaMark Residential , where he served as president. Prior to that venture, Kaufman was a vice president and principal of a luxury residential real estate marketing firm. Naples, Florida -based Premier Sotheby’s International Realty is shaking up its C-suite. Adam brings a wealth of experience to our team.

Principal 434

Principal Residential Development Sales 434

Housing Wire

AUGUST 19, 2024

The Move – CoStar battle is heating up as Move, the parent company of Realtor.com , filed an amended complaint on Friday in its suit against the Homes.com parent company and James Kaminsky, a former Realtor.com employee who is now an editor at Homes.com. Kaminsky is a ‘mid-level manager,’” the complaint states.

Residential 435

Residential Branding As-is Industrial 435

Housing Wire

JANUARY 10, 2025

Residential building construction added 3,500 jobs from November, while residential specialty trade contractors added just 500 positions. The bulk of the job gains in December occurred in the care (+46,000 jobs), government (+33,000 jobs), retail trade (+43,000 jobs), and social assistance (+23,000 jobs) sectors.

Residential 396

Residential Construction MLS Mortgages 396

Housing Wire

JULY 11, 2024

Our partnership with LiquidFi will advance that value proposition for all fixed-income investors — whether they’re adding performing and non-performing residential mortgage loan portfolios, Residential Transition Loans (RTL), private student loans, or unsecured debt portfolios,” Benson said.

Due diligence 435

Due diligence Mortgages Investor Technology 435

Housing Wire

AUGUST 15, 2024

Fitch Ratings said in a report that SPS has been servicing residential mortgages since 1989 and residential mortgage-backed securities (RMBS) transactions since 2000. Investment firm Davidson Kempner Capital Management is a co-investor. Representatives at Credit Suisse, Davidson Kempner and Sixth Street declined to comment.

Investor 476

Investor Mortgages Banks Principal 476

Housing Wire

MARCH 25, 2024

Illinois-based State Farm General Insurance will not renew 30,000 residential property insurance policies in California , as well as 42,000 commercial apartment policies in the state, the company announced last week. Combined, the policies to be eliminated represent about 2% of State Farm General’s policy count in California.

Commercial 482

Commercial Residential As-is Finance 482

Housing Wire

JULY 1, 2024

Proper Rate , a joint venture between Guaranteed Rate and residential brokerage @properties , has tapped Chris Knapp to lead the company as president. The retail lender, which has several other joint ventures with other residential brokerages, originated $7 billion between January and March, according to IMF.

Brokerage 448

Brokerage Residential Branding Mortgages 448

Housing Wire

SEPTEMBER 6, 2024

When broken out, residential building construction gained 4,800 jobs in August and residential specialty trade contractors gained 800 jobs. But is it enough to justify a half-point cut? Data from the U.S. This is consistent with a cooling of demand or workers from companies across the board,” Fratantoni said in a statement.

Residential 457

Residential Construction Mortgages As-is 457

Housing Wire

JANUARY 9, 2025

Kevin Peranio , chief lending officer for Paramount Residential Mortgage Group (PRMG), lives in the Orange County area and said hes witnessed the effects of being displaced by the wildfires. This law applies to those who sell food, emergency supplies, medical supplies, building materials, and gasoline.

Marketing 501

Marketing Lending Land Residential 501

Housing Wire

JANUARY 10, 2025

The key data line for me in this part of the economic cycle is residential construction jobs , and while that data is not growing much anymore, its not declining, as we can see below. If the residential construction worker jobs decline, that can push us to a higher unemployment rate since we already have job losses in this sector.

Mortgages 488

Mortgages Residential Construction As-is 488

Housing Wire

MAY 23, 2024

The future production of housing units at risk I am bringing this up because economic recessions tend to see residential construction workers lose their jobs first. As you can see in the chart below, residential construction workers aren’t losing their jobs yet. While that was happening, we also had 5-unit permits expand as well.

Sales 496

Sales Marketing Construction Residential 496

Housing Wire

JULY 5, 2024

The Mortgage Bankers Association (MBA) this week detailed its reasons for opposing a bill in the state of Florida designed “to expand projects eligible for residential Property Assessed Clean Energy ( PACE ) financing,” which was recently signed into law by Gov. Ron DeSantis.

Loans 434

Loans Finance Residential Renovation 434

Housing Wire

MARCH 28, 2024

In this context, American Integrity Insurance , a Florida -based residential property insurance company, is offering basic protection to Floridians at a more affordable price point. Florida is reckoning with a severe homeowners insurance crisis. In some instances , homeowners have seen their insurance costs more than triple.

Residential 505

Residential Design As-is Marketing 505