CBRE, Dallas, arranged $116.4 million for a four-property industrial portfolio and a California multifamily property.
Category: News and Trends
January Existing Home Sales Push to 2006 Levels
Existing home sales posted a modest 0.6 percent increase in January, the National Association of Realtors reported Friday, continuing just enough momentum to mark the highest annual pace since 2006.
MBA Chart of the Week: CREF Bingo Card
MBA Research released its annual CREF Bingo card, covering top topics we expect to hear discussed in sessions, hallway conversations and receptions.
The Week Ahead—Feb. 22, 2021
Good morning! It’s one month until spring—hang in there, Texas. Compared to recent events here in Washington, this week promises to be somewhat quieter. Or perhaps not.
Industry Briefs Monday Feb. 22 2021
Redfin, Seattle, announced it entered into an agreement to acquire RentPath, an Atlanta-based owner of ApartmentGuide.com, Rent.com, and Rentals.com, for $608 million in cash.
Sponsored Content from ServiceLink: How Servicers Can Prepare for Impending Defaults
By exploring third-party resources, services for alternate paths over foreclosure, and technology with built-in automation, servicers can ensure they are ready to help their borrowers when foreclosure and eviction moratoriums are lifted.
MBA Launches Licensing Flexibility Campaign with State Partners
The Mortgage Bankers Association recently launched a new campaign with its state and local association partners aimed at updating state law and rules to provide mortgage loan originators and their state licensed employers greater flexibility for remote location work arrangements during—and especially beyond—the coronavirus pandemic.
People in the News Feb. 22 2021
Cherry Creek Mortgage, Denver, named Katy Uhl as Chief Human Resources Officer.
Quote
“The housing market is starting the year on a strong note, driven by sustained housing demand, low mortgage rates, and the economy regaining its footing. Despite scarce inventory levels in the entry-level portion of the market, first-time buyers represented a third of sales last month. We expect a significant portion of purchase demand in the coming years to be driven by millennials and the younger-age cohorts.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.
Mark Dangelo: Establishing a Foundation for AI Growth and Profitability—Part Two
The maturity of artificial intelligence is years away—yet the excitement and promise of returns and efficiencies have never been greater.