NXT Capital, a lender that provides financing for the acquisition of multifamily, office, retail, industrial, hotel, student housing, and other corporate dealings, has more financial backing to grow its business now that it’s under the umbrella of ORIX Corp. USA.
Is the U.S. rental market purveying inequality? More and more, Americans are turning to renting out of necessity, as the first rung of the property ladder is pulled farther and farther from the ground. But now, thanks to the gargantuan demand for rental units, even finding a rental dwelling is becoming less and less affordable low-income earners.
American Equity Mortgage closed its doors for good after its failure to invest in technology made it unable to compete with other mortgage lenders. Many lenders hope that investing in digital mortgages will help cut back on costs as competition rises, but for American Equity Mortgage, that investment was simply too little, too late.
After a week of positive numbers, mortgage applications returned to their decreasing trend, falling 1.7% from the previous week, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending August 24, 2018.
Undeterred by the down market, two reverse industry companies invest in their HECM channels and announce new additions to their teams this month.
As it turns out, real gross domestic product increased at an annual rate of 4.2% in the second quarter of 2018, according to the revised, second estimate released by the U.S. Bureau of Economic Analysis.
Pending home sales have now fallen on an annual basis for seven consecutive months, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun said sales are falling off last year’s pace because inadequate supply and strong job growth have pushed home prices to an unaffordable point for prospective buyers.
But there are signs that inventories are rising in several large metros, which could help moderate price growth in the coming weeks. Read more from NAR’s latest housing report.
Real estate prices in wildfire-prone areas are in line with homes in low-risk areas, even immediately after fires, a new study shows.
“As the Amazons and Ubers of the world continue to raise the bar for ‘consumer-grade’ experiences, home buyers have made it clear that it’s also time for the home purchasing and mortgage processes to change,” a Fannie Mae researcher notes.
Karin Comeaux
Compass Realty & Management
8880 W Sunset Rd, Ste 290
Las Vegas, NV 89148
(702) 328-4114
(702) 586-1616
