MISMO, the real estate finance industry’s standards organization, seeks nominations for qualified industry professionals to serve on MISMO’s Standards Governance Committees for a two-year term beginning in January 2024. Positions are available on both the Residential and Commercial Standards Governance Committees.
Category: News and Trends
Builder Confidence Drops in September, NAHB Reports
High mortgage rates are continuing to erode builder confidence, the National Association of Home Builders, Washington, D.C., reported, noting the sentiment levels dropped below the break-even measure of 50 for the first time in five months.
Slideshow: MBA Honors 2023 CREF Careers Student Fellowship Winners
Launched in 2022, the CREF Careers Student Fellowship program is an equity-driven initiative established to serve students of diverse identities. Through industry exposure and a career-advancement curriculum, Fellows will receive a one-of-a-kind introduction to the $4.5 trillion industry, its leaders, and other professionals.
Click through to meet the 12 students chosen as the 2023 CREF Careers Fellowship Winners.
JLL’s Mike Ellis and Tony Lenamon Discuss CRE Valuation and Risk Advisory
MBA NewsLink interviewed JLL Value and Risk Advisory group CEO Mike Ellis and Head of Client Engagement Tony Lenamon about commercial real estate valuation and other challenges.
ATTOM: August Foreclosure Filings Up From July, Down From 2022
ATTOM, Irvine, Calif., reported in its August 2023 U.S. Foreclosure Market Report that there were 33,952 U.S. properties with foreclosure filings. That’s up 7% from July but down 2% year-over-year.
MBA Chart of the Week: New Home Purchase Applications
Purchase activity for newly built homes has outperformed existing home purchases for most of 2023. The lack of existing home inventory has been due to low mortgage rates in 2020 and 2021 that are keeping current homeowners from listing their homes.
More Than 80% of Home Buyers Consider Climate Risks When Shopping for a Home: Zillow
New Zillow research shows that more than 80% of prospective home buyers consider climate risks as they shop.
Laird Nossuli and Mark Watson: A Deep Dive into iEmergent’s August Mortgage Forecast
iEmergent, Urbandale, Iowa, recently published its downgraded forecast for purchase and refi business in 2023 and 2024. MBA NewsLink asked iEmergent CEO Laird Nossuli and chief of forecasting Mark Watson to provide more context for our readers.
Dealmaker: Berkadia Secures $26M in Financing for Land Rover Dealership in Los Angeles
Berkadia, New York, secured $26 million for the financing of Land Rover Los Angeles, a dealership and service center.
Mobility Market Intelligence’s Ben Teerlink: Using Change Management to Turn Adoption Woes into Adoption “Whoas”
Limited adoption of Software as a Service solutions within an organization has many of these products perceived as having over promised and under delivered. To alter this perspective and increase SaaS adoption, businesses need to update their approach to SaaS adoption and utilize change management as the driving concept of the adoption process.