Freddie Mac just had its biggest year ever in multifamily
We already knew that Freddie Mac set an all-time record for multifamily security issuance in 2018, so it probably shouldn’t come as a surprise that 2018 was the government-sponsored enterprise’s best overall year ever in multifamily. Here are more det...
Tesla exec to lead operations at Roofstock
Single-family rental giant Roofstock has hired Fiona Taylor as vice president of operations. Taylor previously served as senior director of Business Operations and Customer Service at Tesla, is well-versed in helping companies on the brink of extreme grow...
Federal Reserve says student debt has hampered housing market
Student debt has impacted the housing decisions of young Americans, the Federal Reserve said, delaying homeownership and prompting a significant number of college grads to move away from rural areas. Researchers estimated that 400,000 borrowers who could ...
Zillow to begin buying, selling homes in 5 new markets in 2019
Zillow announced Thursday the expansion of its home buying/selling program into five new markets in 2019. This marks the 14th market Zillow Offers expanded to since its launch nine months before....
Microsoft pledges $500 million to address Seattle's affordable housing problem
Microsoft has pledged $500 million to fund the construction of affordable housing in the Seattle area. The effort is a move to address criticism that tech companies have pushed out lower income residents, as an influx of well-paid tech employees have desc...
Housing activity declines, recession probability increases
Single-family housing authorizations decreased 0.95% in December, falling for the second consecutive month and down 3.76% year-over-year, according to a recent report by BuildFax. Assuming a number of indicators follow a projected pattern, BuildFax said t...
Real estate, mortgage experts launch network for housing professionals
Business for those working in real estate and mortgage lending is changing, and those who want to learn how to thrive in this new climate need a place to learn and connect. That was the impetus behind the creation of the Industry Syndicate, a media networ...
European co-living company Quarters raises $300 million for substantial U.S. expansion
Whether it’s because they’re attracted to communal, dormitory-style living or because that’s all they can afford these days, Millennials and other younger generations are increasingly turning to co-living as a housing option. The idea has taken off ...
Homebuilder confidence stabilizes in January
Held steady by decreasing mortgage rates, homebuilder confidence in the market of new single-family homes stabilized in the month of January, increasing two points to 58, according to the latest National Association of Home Builders/Wells Fargo Housing Ma...
New York claims real estate brokers made $21 million through illegal Airbnb rentals
A group of New York City real estate brokers made $21 million through a series of illegal Airbnb short-term rentals in flagrant violation of the city’s short-term rental laws, the city claims in a new lawsuit. According to the city, Metropolitan Propert...