We’ve all experienced take-it-or-leave-it tech: Systems and platforms that some real estate agents swear by and other agents ignore. Maybe it makes you more productive (if you use it consistently), but it’s no real loss if you don’t. That’s not the case with artificial intelligence. As the consumers you’re working with increasingly adopt AI in […]
Data ownership and AI tools are reshaping real estate tech stacks Read More »
CoStar Group has added a new independent director to its board of directors. On Monday, the Andy Florance-helmed firm announced the appointment of Nana Banerjee to the firm’s board of directors. Banerjee’s appointment expands the board to nine members, including eight independent directors. “On behalf of the Board, we are pleased to welcome Nana, a
CoStar names Nana Banerjee to board as independent director Read More »
A year ago, Stuart Miller described homebuilder margins as a “shock absorber.” The Lennar Executive Chair and Chief Executive Officer had begun doing so two or three years earlier, as mortgage-rate pathways began wreaking havoc on the post-pandemic housing market. The metaphor suited the moment. Mortgage rates had risen sharply, and buyer affordability had plummeted
Lennar margin ‘circuit breaker’: Is Stuart Miller right, wrong or bluffing? Read More »
When every deal feels personal, even winning gets expensive. There is a particular look you start to recognize once you have been around the real estate industry long enough. You know the one. That steely, thousand-yard stare that comes from decades of real estate. It shows up at open houses around hour four. In late-night
The best real estate agents aren’t tougher, they are more structured Read More »
Mortgage rates are based on bonds, and bonds spent last week bracing for the impact of higher energy prices. In the bond world, higher inflation begets higher rates, all else equal. Oil prices remain elevated, but fell more than 5% on Monday. The bond market responded with a drop in Treasury yields (which generally correlate
Mortgage Rates Recover Modestly From 7-Month Highs Read More »
A New York-based private equity firm is acquiring Apex Analytics, formerly Voxtur Analytics, after a tumultuous past few years. Processing Content Hale Capital Management, which has a focus on investing in technology and technology-enabled companies at key moments of transformation, bought Voxtur’s existing senior secured indebtedness from Bank of Montreal in September, an obligation the
PE firm buys mortgage tech company formerly known as Voxtur Read More »
The acquisition of Two Harbors by UWM Holdings is possibly on life support as the real estate investment trust’s special meeting to approve the transaction, scheduled for March 16 was adjourned because of an apparent lack of participation. Processing Content March 24 is when the meeting will reconvene after an effort by Two Harbors to
Two Harbors postpones UWM merger vote meeting Read More »
Mortgage industry professionals have raised some concerns amid the broader praise for President Trump’s executive order signed Friday, which aims to loosen mortgage lending regulations. Processing Content Many of the rules the EO looks to unwind were put into effect by the Dodd-Frank Act, passed in the wake of the Great Financial Crisis and the
Mortgage deregulation: praise and peril from Trump’s EO Read More »
Key insight: A group of 16 state attorneys general, all Democrats, have filed suit against the Department of Housing and Urban Development over a recent guidance limiting enforcement of equal housing laws. Supporting data: The attorneys general say the guidance, which affects how HUD funds state investigations of discrimination complaints, threatens $10.7M in Fair Housing
Democratic AGs sue HUD over fair housing guidance Read More »
A new federal executive order from President Trump related to “removing regulatory barriers to home construction” aims to increase affordable inventory through broad deregulation. Processing Content The Federal Housing Finance Agency and the Department of Housing and Urban Development are among several public entities the order directs to take a series of steps to that
Trump building order targets supply-side constraints Read More »