Most of us like to save money, so when 13News came across a social media post claiming to have a hack that could help you save money and time on your mortgage payments, we took a look. INDIANAPOLIS — Most of us like to save money. So when 13News saw a social media post claiming that a hack could help reduce the time and cost of paying your mortgage, we decided to take a look. The post reads, “Divide your mortgage payment by two. Instead of waiting until the first of each month, make a payment every two weeks. This…
Author: Private Lending Agent
CoStar Group continues to beef up its leadership team as the “portal wars” intensify. The company on Thursday announced the return of former vice president of investor and public relations Richard Simonelli, who had been away from the company for five years, and the promotion of Cindy Eakin to chief accounting officer. Simonelli will return as CoStar's new head of investor relations. After eight years at CoStar in 2019, Simonelli worked as an independent consultant and most recently served as senior vice president of industry relations at Compass. In addition to his previous role at CoStar, Simonelli has held executive…
Inventory slightly decreased There are currently 651,000 single-family homes on the market nationwide. That's just a few percent lower than a week ago. Inventory is 38.5% higher than a year ago. Still, there are 32% fewer unsold homes currently on the market than in 2019. Inventory is increasing in every state in the country. But most parts of the U.S. still have fewer homes for sale now than they did before the pandemic. Only four states — Florida, Texas, Oklahoma, Arkansas and Idaho — have more homes on the market now than they did at pre-pandemic levels in 2019. The…
At a recent meeting, one of our team members brought along a June 2014 issue of The Real State, a reminder of just how much can change in commercial real estate in the space of a decade. The biggest concerns in CRE today are inflation, interest rates, and pressures on the office and multifamily markets. But back in 2014, memories of the economic damage caused by the Great Recession were still fresh, and the acute pain had mostly faded. While job numbers were recovering nationally, Phoenix lagged behind other regions, recovering just over 60% of the jobs lost at that…
In the article This article is sponsored by REI Nation. Read our editorial guidelines for more information. What is it that every Single Family Rental Property (SFR) investor wants? High resident retention. Ideally, everyone wants 100% retention, but anyone who has invested in SFRs knows that perfect retention is unrealistic. Minimizing resident turnover, on the other hand, is a very achievable goal if you know what to do. The most effective resident retention strategies come from trial and error, but if you're smart about it, you don't have to worry about trial and error. REI Nation has managed 8,000 SFR…
Moderators will be Julia Stevenson, Head of Acquisitions at Langdon Park Capital, Linda Gallagher, Senior Managing Director and Regional Manager of the Washington, DC office of Cushman & Wakefield Valuation and Advisory, Stephanie Wiggins, Managing Director and Head of Production for Agency Lending at PGIM Real Estate, Larry Hentz, Executive Director of Business Development at Prince George's County Economic Development Corporation, and Carisa Stanley Beatty, First Vice President at Amalgamated Bank.ULI Washington/Heather Frisischin On Thursday, CREW DC, AAREP DC and ULI Washington conducted the third and final program in a series aimed at demystifying valuation and providing practical insights into…
We sometimes note that a five-day streak of rising mortgage rates is a rare event that significantly increases the likelihood of at least a temporary decline. Longer streaks of increases certainly occur, but the likelihood of a decline increases sharply after eight days. Taking all this into account, today marked the eighth consecutive day of improvement in mortgage rates. Does this mean that interest rates are destined to rise tomorrow? Not necessarily. First of all, when it comes to the simple question of whether interest rates will rise or fall in a given time period, we cannot be sure that…
First CMBS loan brings total capital raised in 2024 to nearly $12 billionDALLAS, July 15, 2024–(BUSINESS WIRE)–CyrusOne, a leading global data center developer and operator specializing in delivering cutting-edge digital infrastructure solutions, today announced it has secured a $687.1 million single-asset, single-borrower (SASB) CMBS loan for CyrusOne's DFW1 data center, marking the company's first CMBS issuance. This transaction brings the total capital raised by CyrusOne this year to approximately $12 billion.”Today's announcement is another example of our ability to access significant capital through institutional demand and enter various markets,” said Eric Schwartz, CEO of CyrusOne. “This transaction comes on the…
While borrowing costs may still be uncomfortably high for most Canadians, anyone entering the mortgage market this summer will find a welcome silver lining: a growing diversity of lenders and brokers competing to offer the lowest interest rates and smoothest user experiences.Over the past five years or so, tech-savvy new entrants have entered Canada's mortgage market, promising everything from ultra-low interest rates to digital-only, same-day loan approvals, and some incumbents have responded by adding more features or rethinking their business models to lower costs and speed up processing times for consumers.That means well-qualified borrowers can find numerous lenders, brokers and…
What first got you interested in real estate? I moved to Whistler in 1991 after graduating from McGill University with the intention of teaching skiing for one winter. However, a year later I knew I wanted to make Whistler my permanent home. I bought my first property in 1995 and developed an interest in real estate. Two years later I bought my second property. By the early 2000s I knew I wanted to get more involved in real estate and stay in Whistler. In 2004 I started studying for my real estate license at UBC's Sauder School of Business and…