“Sellers may not be enjoying quite the same windfall they were a few years ago but by historical standards profits are strong, both in terms of margins and raw dollar value.” –ATTOM CEO Rob Barber
Category: News and Trends
Dealmaker: Greystone Provides $120M in Financing for Chicago Multifamily Acquisition
Greystone, New York, provided $120 million in Fannie Mae Delegated Underwriting and Servicing financing for the acquisition of a high-rise in Chicago’s Fulton Market district.
People in the News, April 28, 2025
Industry personnel in the news from Prudent AI, Ginnie Mae, Class Valuation and CMG Home Loans.
Existing-Home Sales Recede
Existing-home sales slid in March, the National Association of Realtors reported.
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Redfin: 44% of Sellers Are Giving Concessions
Redfin, Seattle, found home sellers gave concessions to buyers in 44.4% of transactions in the first quarter.
ICE First Look: Delinquencies Edge Up in March Year-Over-Year
Intercontinental Exchange released its March First Look report, showing the delinquency rate was up slightly year-over-year to 3.21%.
Quote of the Day
“Buyers used to ask for concessions to cover little things like repairs. Now they’re negotiating concessions so they can afford to buy a home.”
–Redfin Agent Chaley McVay
Hotel Construction Declines for Third Consecutive Month
The number of U.S. hotel rooms under construction decreased year-over-year for a third consecutive month, according to CoStar, Washington, D.C.
Quote of the Day
“Homebuyer affordability conditions improved slightly in March as lower mortgage rates spurred renewed activity in the housing market.”
–MBA’s Edward Seiler