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Residential construction jobs now 7.6% above pre-COVID level

Housing Wire

Construction gained 36,000 jobs in May, with residential building adding 5,000 jobs and residential specialty trade contractors gain 11,700 jobs. Employment in the construction sector is 40,000 higher than its level in February 2020, while employment in residential building is 7.6% The post Residential construction jobs now 7.6%

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CFPB rule applies mortgage protections to clean energy loans

Housing Wire

The rule applies existing protections for residential mortgages to borrowers who seek PACE loans to upgrade or renovate their homes through clean energy technology. PACE loans which are often used to finance environmentally minded renovations, like the addition of solar panels have led to financial instability for some borrowers.

Loans 396
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Bain Capital gains majority stake in residential investment lender Archwest Capital

Housing Wire

Global asset manager Bain Capital announced Monday that it has acquired a controlling stake in Archwest Capital , a California -based company that offers financing to residential real estate investors. housing stock,” David DePrez, managing director for Bain Capital, said in prepared remarks.

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Compass’s recent performance points to the future of real estate brokerage

Housing Wire

In 2024, a year in which single-family residential resale transactions were at a 29-year low , Compass outperformed. In Q4, the company reported a revenue increase of 26% year over year, reaching $1.4 billion, with transactions up by 24%. And for the full year, Compass achieved $5.6

Brokerage 344
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Better.com reports 400% growth for HELOC business

Housing Wire

“For a consumer who wants to do a home renovation , a consumer who wants to consolidate debts, or a consumer who wants to take cash out to pay for tuition for their kids, our product serves all of those use cases.” of mortgaged residential properties in the U.S. ” How is it so fast? .

Equity 332
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Deephaven’s Tom Davis: ‘Either you take market share, or someone takes yours’

Housing Wire

We’re looking at product expansions and introducing products that we have or through our sister company Anchor Home Loans , which specializes in residential transition loans (RTLs). So, people are gonna have to tap into their equity for renovations, debt consolidation and better cash flow. trillion, followed by auto loans at $1.1

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How to write creative real estate listing descriptions + examples

Housing Wire

While the key statistics about a property will be available to buyers in the real estate listing description, residential buyers tend to shop with their emotions. Source: 43 Market St, Newburyport, MA – listed by Wilson Group, Keller Williams Realty Dont miss this fabulous renovated home in beautiful Marblehead, 0.6