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AnnieMac expands mid-Atlantic presence, acquires OVM Financial

USA Real Estate News-Inman - Fri, 2022-07-01 14:39
Rising mortgage rates are prompting some lenders to downsize to adapt to changing market conditions. But the market shift is also expected to drive mergers and acquisitions.

The July Issue of Real Estate Magazine Is Now Live

USA Real Estate News-RISMedia - Fri, 2022-07-01 14:04

RISMedia’s July issue of Real Estate magazine is now available, and not to be missed are some in-depth exclusives, including an inside look at the Anywhere Real Estate rebrand, and a deep dive on the inventory crisis. Check out this month’s features below.

 On the Cover

The Changing Face of Homeownership

First Guaranty Mortgage Corp. Tacks on Massive Layoffs With Bankruptcy Filing

USA Real Estate News-RISMedia - Fri, 2022-07-01 14:03

The shifting mortgage market has sent ripples throughout the lending industry that have manifested in waves of layoffs as companies look to adapt to the changing times. While this has become a common trend in the past six months, some companies have struggled more than others.

That’s been the case for First Guaranty Mortgage Corp. (FGMC), which announced yesterday that it had filed chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Delaware on June 30 along with its affiliate Maverick II Holdings, LLC.

Pandemic-Fueled, ‘Astonishing’ Cost-Burden Turnaround

USA Real Estate News-RISMedia - Fri, 2022-07-01 14:02

Using a newly released Census Bureau analysis, researchers at the Harvard Joint Center for Housing Studies (JCHS) have finally been able to do something that has eluded most observers: contrast pre-pandemic and pandemic-era housing with hard numbers.

Florida, South Top Inflated Rental Markets

USA Real Estate News-RISMedia - Fri, 2022-07-01 14:01

Some of the same researchers who collaborated to evaluate markets where homes are over or undervalued released a new report this week, this one focused on rentals, finding a continued trend of rental costs vastly exceeding expected increases.

For-Sale Home Supply Grows Faster Than Ever as New Seller Activity Rebounds

USA Real Estate News-RISMedia - Fri, 2022-07-01 14:00

Housing inventory recovery made major strides in June, with the number of homes available to buyers climbing at its fastest yearly pace of all time (+18.7%), according to the latest realtor.com® Monthly Housing Trends Report released this past week. Among key factors driving June’s jump in active listings were new sellers, who entered the market at a higher rate than in 2017 – 2019 prior to the pandemic, according to the report.

RE/MAX agent strikes social media gold with Blink-182 parody

USA Real Estate News-Inman - Fri, 2022-07-01 13:48
With his slicked-back hair, full sleeve tattoos, nose ring and spot-on early-2000s punk rock singing voice, Wisconsin RE/MAX agent Colin Schindler struck social media gold this week with his MTV Total Request Live-worthy remake of Blink-182's "All The Small Things," appropriately dubbed "All The Listings."

Get ready for the glitter: It’s Luxury Month at Inman

USA Real Estate News-Inman - Fri, 2022-07-01 13:26
This month, Inman looks at luxury real estate to develop a working definition and determine how to differentiate services for discerning luxury clients.

PIMCO saw a bright future for now-bankrupt mortgage lender FGMC

USA Real Estate News-Inman - Fri, 2022-07-01 13:16
The investment management firm acquired nonbank mortgage lender First Guaranty Mortgage as part of broader strategy to serve lower end of market.

An exclusive preview: The biggest luxury deals of 2022 (so far)

USA Real Estate News-Inman - Fri, 2022-07-01 13:15
Here's a preview of what's to come as we kick off Luxury Month and dive into the biggest market trends of 2022. Check back next week as Inman ranks the biggest deals of the past 12 months.

Top Fort Lauderdale agent joins Douglas Elliman

USA Real Estate News-Inman - Fri, 2022-07-01 12:20
Julie Jones is bringing her specialization in waterfront properties to Douglas Elliman's Fort Lauderdale office.

Texas’ growing Asian American and Pacific Islander presence

USA Real Estate News-Inman - Fri, 2022-07-01 12:04
Having grown up in Texas, broker-owner Kelley Liu has seen first-hand how the Texas AAPI population has influenced the state and its markets, and vice-versa.

Inquiries, YouTubers, layoffs: Inman’s Top 5 stories of the week (June 24-30, 2022)

USA Real Estate News-Inman - Fri, 2022-07-01 12:00
Looking for a quick catch-up on the buzziest stories of the past seven days? Here's Inman Top 5, the most essential stories of the week, according to Inman readers.

NYC listing with glorious in-kitchen shower hits market for mere $1.5M

USA Real Estate News-Inman - Fri, 2022-07-01 11:52
The listing in Manhattan is for two separate apartments next to each other — but there's a catch, and it's a big one.
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