Industry briefs from Incenter Insurance Solutions, Simple Nexus, Silverwork Solutions and LenderLogix.
Category: News and Trends
Sales Increase in Master-Planned Communities
New home sales among the 50 largest master-planned communities increased in first-half 2023 compared to a year ago, reported RCLCO, Bethesda, Md.
Many Americans Misinformed About Home Buying, Survey Says
Only 14% of Americans surveyed know the current median house price range, and just 12% know the current interest rate for a 30-year mortgage, a publication owned by Clever Real Estate found in a survey.
Haven’t Reevaluated Your Document Automation Strategy Yet? Now’s the Time
Whether you’re an originator, servicer, wholesale lender or investor, managing loan documents and data effectively can mean the difference between the success or failure of your process automation strategies.
Dealmaker: JLL Arranges $47M in Refinancing for St. Louis Property
JLL Capital Markets, Chicago, announced a $47 million loan to refinance a multihousing community in St. Louis, Mo.
Quote: Aug. 10, 2023
“Master-planned communities remain a safe haven for consumers amid elevated interest rates, high prices, and fears of a possible recession.”
–RCLCO Principal Karl Pischke
Industry Briefs Aug. 10, 2023
Industry briefs from Incenter Insurance Solutions, Simple Nexus, Silverwork Solutions and LenderLogix.
Most Americans Prefer Big Houses, Even if Farther From Amenities
Most Americans–57%–said they would prefer to live in a community where houses are larger and farther apart, even if schools, stores and restaurants are farther away, per the Pew Research Center, Philadelphia.
Fannie Mae: Only 18% of Consumers Believe It’s a Good Time to Buy
Fannie Mae’s Home Purchase Sentiment Index increased slightly in July, but 82% of consumers believe it’s “a bad time” to buy a home, a survey high and up from 78% in June.
DLA Piper: Commercial Trends Vary by Class
DLA Piper, London, recently released its 2023 Mid-Year Real Estate Trends Report, highlighting activity in multifamily properties, industrial assets and other sectors.