May rent trends run sideways as multifamily supply stays strong

Policymakers have been making the case that more supply is a better check on housing costs than rent stabilization. May apartment rental data backs up that narrative. Rents ticked up modestly last month, the fifth consecutive month of sequential growth. But May’s reading was the lowest for that mont
Read MoreMortgage and real estate battle for the top of the funnel

Like many mortgage professionals, Vipul Hapani can see the wave of industry consolidation forming on the horizon and knows it is only a matter of time before it reaches his shores. As the broker-owner of Waxhaw, North Carolina-based Vema Mortgage—the third-largest brokerage originator in the U.S. in
Read MoreHUD pilots robotics-built housing and automated permitting

A pair of ultra-modest, little-noticed funding opportunities from the U.S. Department of Housing and Urban Development may signal a new strategy taking shape in Washington. The Builder’s Daily has learned that HUD recently opened applications for two new demonstration programs totaling $13 million t
Read MoreTop agent Kris Zacuto joins Christie’s International Real Estate Southern California

Christie’s International Real Estate Southern California has expanded its presence in the Silicon Beach and South Bay luxury markets with the addition of luxury real estate adviser Kris Zacuto as director of luxury estates. Zacuto brings more than a decade of experience in luxury real estate and mor
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