“There are more homes for sale right now than in recent years and that has led to buyer’s markets in many areas of the country. That’s good news, but it doesn’t mean homes are getting cheaper—prices continue to tick up each month.”
–Redfin Economics Research Lead Chen Zhao
Single-family rent prices increased 1.8% year over year in December, up slightly from the previous month’s 1.5%–which had marked a 14-year low for rent growth–according to CoreLogic, Irvine, Calif.
JLL’s Capital Markets group arranged a $1.125 billion refinancing for 3 Bryant Park, a 1.2 million-square-foot office tower in Midtown Manhattan’s Bryant Park market.
The tools and technologies powered by artificial intelligence continue to evolve rapidly, and while the real estate industry is harnessing AI to automate everything from property valuations and predictive analytics to customer relationship management and fraud prevention, scammers are harnessing AI to identify targets, rapidly scale their schemes and avoid detection.
TransUnion, Chicago, released its Q4 2024 Quarterly Credit Industry Insights Report, predicting multiple credit products will see growth this year. For mortgages specifically, the report anticipated a 13.3% year-over-year origination growth.
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In recent years, the homeowners insurance market has presented unprecedented challenges for both borrowers and mortgage servicers. As we navigate 2025, it’s crucial to understand these changes and explore innovative solutions to address the growing complexities in this vital sector.
This week’s top legislative and policy news from the Mortgage Bankers Association.
“The MBA and its staff really understand the importance of building those relationships with key decisionmakers.”
–Nanci Weissgold, Chair of the MBA Political Action Committee and Partner at Alston & Bird, in an mPower Moments video
Redfin, Seattle, reported the combined value of U.S. homes increased $2.5 trillion in 2024 to hit $49.7 trillion.
