It’s not exactly a workers’ paradise, but with businesses struggling to hire employees and the “Great Resignation” in full swing, workers still have the upper hand, albeit a little less so than previously, according to the Bureau of Labor Statistics.
Category: News and Trends
Record 8% of U.S. Homes Worth at Least $1 Million
Redfin, Seattle, reported a record 8.2% of U.S. homes—six million—valued at $1 million or more in February, up from 4.8% (3.5 million) two years earlier, just before the coronavirus was declared a pandemic.
ATTOM: Steady Increase in Foreclosure Activity ‘Gradual Return to Normal’
ATTOM, Irvine, Calif., reported properties with foreclosure filings rose in February, but not a pace to cause alarm.
Dealmaker: Chatham Lodging Trust Acquires South Florida Hotel for $31M
Chatham Lodging Trust, West Palm Beach, Fla., acquired the beachside 111-room Hilton Garden Inn Destin Miramar Beach in a $31 million off-market transaction.
Stanley Middleman of Freedom Mortgage: Creating Customers for Life is Not That Hard
When you achieve great success as a lender, everyone wants to know your secret—but there really isn’t one. There are many ways to run an enterprise, but at the end of the day, every business must be about the customer. The ultimate goal, however, is building customers for life.
MBA Secondary & Capital Markets Conference & Expo in NYC May 15-18
The Mortgage Bankers Association’s Secondary & Capital Markets Conference & Expo returns to the Marriott Marquis in Times Square, New York City, from May 15-18.
MBA Weekly Applications Survey Mar. 9, 2022: Falling Rates Spark Flurry of Activity
Mortgage applications jumped last week as interest rates fell for the first time since December, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending March 4.
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“Credit availability increased to its highest level since May 2021, driven by growth in jumbo loan programs, as well as those that include allowances for ARMs and expanded credit score and LTV requirements. In a period of rising mortgage rates, affordability challenges and declining volume, lenders have made efforts to slightly broaden their product offerings.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.
Tony Thompson, CMB, of NAMMBA: Creating Professionals Out of College Students
It’s no secret that our industry has an age problem. More and more of our leadership is aging out and retiring…while more and more students graduate from college with debt, a degree and no real plan forward after the cap and gown ceremony. This is a great opportunity to grab the attention of young, ambitious talent that needs guidance in not only financial education but also career development – specifically in the real estate and finance market.
Looking At Affordable Housing With Berkadia’s David Leopold
David Leopold, Senior Vice President and Head of Affordable Housing at Berkadia, manages all facets of Berkadia Affordable Housing, an integrated business that includes mortgage banking, investment and sales advisory services and tax credit syndication. He joined Berkadia in 2019 to lead integration of Berkadia’s Affordable Housing platform.