Idaho, renowned as the Gem State, boasts a rich tapestry of mountain ranges that define its rugged beauty and offer endless opportunities for outdoor adventure. From the iconic peaks of the Sawtooth Range to the remote wilderness of the Bitterroot Mountains, Idaho’s mountain landscapes are as diverse as they are stunning. In this Idaho Mountain guide, we delve deep into the varied mountain ranges that grace the landscape of Idaho, showcasing their unique features, recreational opportunities, and natural wonders. Idaho’s mountain ranges are not just a haven for outdoor enthusiasts they are also a sanctuary for a beautiful variety of…
Author: Private Lending Agent
Gary and Jay write in Your First Home that “Markets go up and down. The reality is, there is no perfect market; there is only the market you're dealing with when buying a home.” Echoing this quote, the 2024 and 2023 markets present challenges and opportunities for buyers. June is National Homeownership Month, so it's a good time to take a look at the challenges and opportunities facing buyers. To help you become your clients' economist of choice, here are some key takeaways from the National Association of Realtors' (NAR) annual Home Buyers and Sellers Report: If you want some…
Navigating the buying process in August 2024 involves understanding recent significant changes, particularly the impact of the National Association of Realtors NAR commission settlement and buyer representation. This landmark decision has reshaped real estate transactions, altering how commissions are structured and buyers engage with agents. I’ve spent countless hours reading documents, watching videos, and using Zoom calls these last few months to understand the new changes. In summary, it’s a step up for the real estate industry. The new world of real estate begins this summer and change is good. The ease of new or inexperienced agents having a ready…
BELLEVUE, Wash. (June 3, 2024) — MoxiWorks, the leading technology platform for real estate agents, today announced the appointment of Eric Elfman, a seasoned executive with a track record of accelerating product and go-to-market strategies, as the company's new CEO and member of the board of directors. Current CEO York Bauer will remain on the board and help guide vision and strategy. During Bauer's tenure at MoxiWorks, the company became an integral part of 800 brokerages and mortgage companies and more than 400,000 agents worldwide. Elfman will oversee all aspects of the company with a focus on enhancing the agent…
The Federal Reserve meets next week to again determine what interest rates are needed to keep inflation in check while the economy continues to grow, with the goal being to return to normal economic conditions, although the calculation depends on how “normal” is defined and what interest rates would be in a normal, booming economy. You want moderate inflation and GDP growing at just the right rate — steady and not overheating. The interest rate that keeps all of this in balance is called the natural or neutral interest rate. “The neutral rate is kind of a guide for the…
Five years ago, the top 10 on the PERE 100 was a stable group. The composition of the top private property management companies by capital raised in 2019 changed by just two companies from the previous year. Similarly, the top 10 on the 2020 rankings also changed by just two companies from the previous list. Today, the top 10 looks very different: Blackstone and Brookfield retained their top two spots, while the other three have switched places within the top 10. But all five have fallen out of the top tier and been replaced by bigger, brighter fundraising stars. The…
Pennybacker Capital has raised one of the largest real estate funds of 2024, attracting $1.6 billion in commitments for Pennybacker VI, the latest offering in its Value Add real estate fund series. The Austin-based firm has $3.67 billion in assets under management, but this latest equity raise is by far its largest to date. The investment is more than double the size of its previous fund, Pennybacker V, which raised $775 million, beating its $600 million target. Pennybacker VI launched in June 2022 with an initial commitment of $447.5 million. The firm held the fund's first close in April 2023…
The National Pension Service of Korea plans to form a dedicated team to expand its investments in real estate platforms. According to PERE's sources, the investor has established a dedicated team to oversee investments in the real estate platform around the world. Led by David J. S. Kim, the team currently has three professionals based at NPS' headquarters in Jeonju, South Korea, and one in its Singapore office. NPS plans to hire two more external investment professionals with experience in both private equity and real estate by the end of the year as part of a larger plan for strategic…
Saving for a down payment is one of the biggest obstacles to buying a home. Can you buy a home with no down payment? Yes, but the criteria for qualifying for a no down payment mortgage are very specific. If you don't qualify, it may be easier to qualify for a low down payment mortgage. No down payment loans include VA loans, guaranteed by the Department of Veterans Affairs, and USDA loans, guaranteed by the United States Department of Agriculture. VA loans are available to active duty military members, veterans, and eligible spouses. USDA loans are available to those buying…
Any affiliate links to products on this page are from partners who pay us a commission (see our advertiser disclosure and partner list for more information), but our opinions are our own. Find out how we rate mortgages and write an unbiased product review. Inflation and Federal Reserve rate hikes have pushed mortgage rates to their highest in 20 years. 30-year mortgage rates are currently expected to fall to 6.5% to 7% by 2024. Homebuyers may consider buying now and refinancing later to avoid increased competition when rates fall. Good news for borrowers: The wait for lower interest rates may…