CoreLogic, Irvine, Calif., reported homeowners posted average annual equity gains of $34,300 in the third quarter—half the year-over-year increase recorded in the second quarter.
Category: News and Trends
Manhattan Apartment Rents Jump to Near Record Levels
Median and average Manhattan rents rose in November to their third-highest level on record, according to The Elliman Report prepared by Miller Samuel Real Estate Appraisers and Consultants, New York.
Fitch: Heightened Risk of ‘Severe’ U.S. Housing Downturn in 2023
Fitch Ratings, New York, said it expects the housing market to weaken further in 2023 as affordability issues, softening economic environment and low consumer confidence continue to erode demand.
Initial Claims Up 4,000; Continuing Claims at 10-Month High
Initial claims for unemployment insurance rose last week, following an erratic up-and-down pattern for the past several months, while continuing claims rose to their highest level since February, the Labor Department reported Thursday.
Dealmaker: George Smith Partners Secures $27M in Retail Construction Financing
George Smith Partners, Los Angeles, placed $27 million in construction financing to develop a 95% pre-leased grocery-anchored retail center in California’s Inland Empire.
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.
Industry Briefs Dec. 9, 2022: ACES Quality Management Announces Upgrades
ACES Quality Management, Denver, enhanced its proprietary ACES CONNECT portal to extend its flexibility and user control capabilities.
Today’s Top National News Dec. 9 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:
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.