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US housing market is short 7.2M single-family homes: Realtor.com

USA Real Estate News-Inman - Wed, 2024-02-28 18:09
The US housing market is short 7.2 million homes, according to Realtor.com's latest housing market analysis. Nearly 18 million households have been formed over the past decade; however, only 10 million single-family homes were constructed during the same time period.

UWM’s best year for purchase loans also produces $69.8M loss

USA Real Estate News-Inman - Wed, 2024-02-28 17:36
The nation's biggest mortgage lender posts its first annual loss since going public in 2020, largely driven by $854.1 million in write-downs of mortgage servicing rights.

US housing market posted record-setting value growth in 2023

USA Real Estate News-Inman - Wed, 2024-02-28 15:05
Despite slowing sales, the value of the U.S. housing market experienced record-breaking growth in 2023, according to Redfin's latest housing report. The total value of 90 million U.S. homes rose from $45.1 trillion in December 2022 to $47.5 trillion in December 2023 — a 5.3 percent annual difference.

Report: Commercial Real Estate Exposures Could Lead to Bank Failures in Pockets of the U.S.

USA Real Estate News-RISMedia - Wed, 2024-02-28 14:48

A plunge in demand surrounding office spaces may negatively influence the commercial market, resulting in bank failures in pockets of the nation, an assessment made recently by Ken H. Johnson, a real estate economist in FAU’s College of Business, and Rebel A. Cole, a chaired professor of finance in FAU’s College of Business, in a…

The post Report: Commercial Real Estate Exposures Could Lead to Bank Failures in Pockets of the U.S. appeared first on RISMedia.

Building a Luxury Brand From Scratch

USA Real Estate News-RISMedia - Wed, 2024-02-28 14:43

Above, RE/MAX’s Carly Carey Imagine you could start a team in 2024 with every possible advantage: access to the best real estate coaches and business leaders across the entire globe; a database of 10,000-plus recently captured leads with hundreds more added every month; the best website, marketing and CRM technology available; a full-time staff of…

The post Building a Luxury Brand From Scratch appeared first on RISMedia.

ERA Names 2023 Gene Francis Memorial Award Winner

USA Real Estate News-RISMedia - Wed, 2024-02-28 14:10

ERA® Real Estate has named ERA Brokers Consolidated in Saint George, Utah; ERA Colonial Real Estate in Harker Heights, Texas and ERA Donahoe Realty in Temecula, California as the winners of its 2023 Gene Francis Memorial Award for Top All-Around Company. The award, named after ERA Real Estate co-founder Gene Francis, is the highest honor given…

The post ERA Names 2023 Gene Francis Memorial Award Winner appeared first on RISMedia.

Cloze, marketing platform MAXA Designs announce integration

USA Real Estate News-Inman - Wed, 2024-02-28 13:35
Cloze, a provider of artificial intelligence driven solutions for business development and growth, has formed an agreement with marketing technology company MAXA Designs.

Homebuyer mortgage demand down for 5th consecutive week

USA Real Estate News-Inman - Wed, 2024-02-28 13:10
With mortgage rates hovering above 7 percent, requests for purchase loans were down by a seasonally adjusted 5 percent week over week and 2 percent lower than a year ago.

Mortgage Applications Continue to Slump

USA Real Estate News-RISMedia - Wed, 2024-02-28 12:06

Mortgage applications decreased 5.6% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Feb. 23, 2024. This week’s numbers: The Market Composite Index, a measure of mortgage loan application volume, decreased 5.6% on a seasonally adjusted basis from one week earlier.  On an…

The post Mortgage Applications Continue to Slump appeared first on RISMedia.

Beverly Hills spec mansion nets $30.1M in discounted sale

USA Real Estate News-Inman - Wed, 2024-02-28 11:53
The property, sold by developer Adnan Sen, first hit the market for $39.9 million in 2020. It includes a nine-bedroom main house, one-bedroom guesthouse, a pool and a 10-car gallery garage.

CubiCasa Continues to Expand its MLS Partnership Program

USA Real Estate News-RISMedia - Wed, 2024-02-28 10:35

CubiCasa—the global leader of interior property data mapping through simple smartphone scanning—announced the addition of 10 more MLSs to its growing MLS Partnership Program, designed to make floor plans ubiquitous in U.S. real estate listings. This expansion of the program marks yet another landmark in its growth as it nears 50 total members since launching…

The post CubiCasa Continues to Expand its MLS Partnership Program appeared first on RISMedia.

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