Blackstone to take Tricon Residential private in $3.5B deal
Tricon is a landlord and developer of single-family rental homes in the United States and Canada with a portfolio of over 38K rentals
by Ben Verde Jan 19
Declining mortgage rates bring new-year market thaw: Redfin
Mortgage purchase applications and new listings have improved in recent weeks, thanks to a 25% decline in mortgage rates from October's peak of nearly 8%
by Marian McPherson Jan 11
Inventory boost expected to slow rent growth to 1.5%
A coming boost in apartment inventory is expected to dramatically slow rent growth in 2024; however, it's expected to still be a tough year for renters as affordability worsens
by Marian McPherson Jan 2
Mr. Cooper: Hackers got personal info on past and present customers
The loan servicing giant faces multiple lawsuits over recent cybersecurity breach and will provide 2 years of identity protection services and credit monitoring to all current and former customers
by Matt Carter Dec 15
Merger of Lower and Thrive would give Veritex 12.5% ownership stake
The parent company of Veritex Community Bank, which paid $54.9M to acquire a 49% interest in Thrive Mortgage in 2021, expects $25M to $30M loss if planned merger deal closes next year
by Matt Carter Dec 14
Signs of a buyer's market emerge as homeseller concessions return
More than a third of all home sales featured a concession in the past 3 months, according to new data and agents who told Inman that they're beginning to see signs of a buyer's market unfold
by Ben Verde Nov 27
Rental concessions rise as new inventory comes online
Thirty percent of rentals advertised on Zillow in October offered concessions of some sort, such as free parking or free months of rent, even as rental rates remain high
by Ben Verde Nov 20
Mr. Cooper back online after 'precautionary' 4-day shutdown
More than 4M homeowners send their mortgage payments to Mr. Cooper, but it's unclear how many had their data exposed as the company continues to investigate security breach
by Matt Carter Nov 9
Compass recommits to North Dallas with new office space
The brokerage has signed a lease for a 14,000-square-foot office space in the recently redeveloped HALL Park in Frisco, Texas, in a commitment to future growth in the region
Mr. Cooper remains shut down one week after cyberattack
Over 4M mortgage customers have been unable to make their payments since the company announced it had been attacked on Oct. 31
by Ben Verde Nov 6
True crime meets luxury real estate in gripping 'Crime Estate' podcast
Dallas real estate agents Heather Guild and Elena Richey bonded with a non-agent friend, Melanie Stout, over a shared interest in true crime and real estate and the 'Crime Estate' podcast was born
by Lillian Dickerson Oct 20
Mortgage applications hit 28-year low as bond selloff keeps rates up
Mortgage rates continued their relentless rise this week to levels not seen in 2 decades, fueled by a bear market for bonds that fund government borrowing and most home loans
by Matt Carter Oct 18
Redfin leaves NAR — and calls on its brokers and agents to follow suit
In a message to employees on Monday, Redfin CEO Glenn Kelman cited NAR's harassment scandal and other grievances as reasons for calling on 1,800 Realtors to cancel memberships
by Ben Verde Oct 2
Christie's International Real Estate launches affiliate in Park City
The luxury network's new office in the state of Utah will help provide crucial referrals to clients in feeder markets where Christie's has an existing presence, Inman has learned exclusively
by Lillian Dickerson Sep 26
Compass' luxe magazine 'Curated' now available in 25 private airports
The luxury magazine with a distribution of about 35,000 will now be accessible to ultra-high-net-worth clients flying through select private airports in the US, the brokerage told Inman exclusively
by Lillian Dickerson Sep 25