Marcus & Millichap, Calabasas, Calif., sold Doral Shops, a fully occupied 113,300-square-foot retail property in Doral, Fla. The property sold for $57 million.
Category: News and Trends
MBA Chart of the Week, Dec. 9, 2022: Housing Cost Indices
Housing costs are – appropriately – getting a lot of attention. Part of that attention stems from affordability challenges heightened by recent rapid increases in home prices, interest rates and rents. Another part stems from the fact that shelter costs are such a significant driver of measures of inflation, and thus a key motivator of Federal Reserve policies. In this week’s Chart of the Week, we examine selected indices of housing costs.
Redfin: Existing Housing Inventories at 7-Year High
Redfin, Seattle, said its Homebuyer Demand Index ticked up last week as steadily declining rates lured some buyers back in. But many would-be buyers are waiting for lower rates and prices, with the typical home’s time on market rising at its fastest annual pace on record and supply increasing.
The Week Ahead, Dec. 12, 2022: The Fed and Five Other Things to Know
Good morning, and happy Monday! The holidays are coming up quickly, and a lot has to happen before then. Here’s what you need to know this week:
Tony Furr and Nikki Reives of Anomaly Squared on Call Center Compliance
Tony Furr is Vice President of Sales and Business Development with Anomaly Squared, Greensboro, N.C. Nikki Reives is the company’s Director of People Operations.
Dawar Alimi of Lender Price on Opportunities in a Challenging Environment
Dawar Alimi is CEO and Co-Founder of Lender Price, Pasadena, Calif., a provider of cloud-native pricing technology to the lending space. He has more than two decades of mortgage industry expertise, during which he has built industry-leading technology and founded several companies.
Today’s Top National News Dec. 12 2022
Here’s a summary of Top National News Items from major news sites and industry trade publications. To get started, click on the headline above:
Quote
“Since we expect only a small decline in prices next year, mortgage rates will dictate housing affordability, and as a result, demand and sales, in 2023. If rates continue declining, more buyers may wade back into the market, as they’ll have lower monthly payments.”
–Taylor Marr, Deputy Chief Economist with Redfin, Seattle.
John Walsh of LERETA on Servicing Tax Issues
John Walsh is CEO of LERETA, Pomona, Calif. He leads an executive leadership team focused on providing the mortgage and insurance industries accuracy, responsiveness and innovative technology.
Call for Nominations: MBA NewsLink 2023 Tech All-Star Awards; Deadline Jan. 20
The MBA NewsLink 2023 Tech All-Star Awards nomination period is underway. Nominations will be accepted through Friday, Jan. 20.