A new report from ServiceLink, Pittsburgh, found that Gen Z remains eager to buy a home. But high interest rates and home prices could deter them from crossing the finish line as their tolerance is waning.
Category: News and Trends
Industry Briefs, March 18, 2025
Industry news from Floify, Snapdocs, Vice Capital Markets, Imperial Fund Asset Management, A&D Mortgage, Clearwater Analytics Team, Talk’uments and Blend.
Dealmaker: Marcus & Millichap’s Levin Johnston Closes $13M Sale in California
Levin Johnston, a part of Marcus & Millichap, Calabasas, Calif., closed the sale of a retail building in Berkeley, Calif., for $12.7 million.
Power Hour Demos – Credit Reporting Solutions on March 18
Power Hour Demos (formerly known as Demo Days) are designed to ensure MBA lender and servicer members have access to the latest technologies, services, and insights from our vendor members.
JLL: Record-Low Data Center Vacancy Fuels ‘Gold Rush’
The North American data center sector is charging full speed ahead, with colocation vacancy plummeting to a record low of 2.6% and absorption levels doubling in just two years, according to JLL, Chicago.
Quote of the Day
“Net production losses resumed in the fourth quarter of 2024 after two consecutive quarters of modest gains.”
–Marina Walsh, CMB, MBA’s Vice President of Industry Analysis
Typical Homeowner Stays in House for 11.8 Years, Redfin Reports
Redfin, Seattle, released a new report finding that the typical U.S. homeowner stays in their home for 11.8 years.
People in the News, March 17, 2025
Industry personnel news from FirstClose, Pennymac, Asurity, Floify, Westcor and AnnieMac.
ATTOM: Foreclosure Activity Rises in February From January
ATTOM, Irvine, Calif., released its February 2025 U.S. Foreclosure Market Report, showing there were a total of 32,383 U.S. properties with foreclosure filings. That’s up 5% from January but down 1.7% year-over-year.
Michael Berman: How to Identify and Address Fair Lending Red Flags
Regardless of the administration or regulatory environment, all lenders should strive to avoid fair lending risk, says Ncontracts Founder and CEO Michael Berman.