Property Management News
Wells Fargo & Co. plans to shrink its vast mortgage empire, which once churned out one of every three home loans in the US and for a time made the bank the most valuable in the nation. No longer committed to ranking No. 1 in the business, Wells Fargo’s leadership is preparing a retreat that will probably start with the bank’s ties to outside mortgage firms that generated roughly a third of its $205 billion in new home loans last year, according to people with knowledge of the decision. The strategy shift follows changes in the executive ranks and years of struggles to avoid costly regulatory probes and hits to the bank’s reputation. In the past year alone, flareups have... Read more
Freddie Mac surveyed urban renters to examine how the COVID-19 pandemic may have changed their perceptions about city living. Survey results showed that urban...
NMHC quarterly survey shows debt and equity financing has become less available. Apartment market conditions continued to tighten and financing became more costly,...
Real estate investors say inflation is their biggest concern, but even though it’s rising it isn’t stopping them from investing in new projects. That’s according...
Council unanimously OKs softening low-income requirements for controversial bonus ADU program. San Diego gave developers a new incentive Monday to build more accessory...
A home equity line of credit (HELOC) is a secured loan that allows you to borrow money against the equity you’ve built in your home. As you pay your mortgage, you accumulate equity in your home. This is a form of wealth that you can tap into and use to pay a variety of expenses. A HELOC is just one way of accessing the equity. While HELOCs provide a great deal of flexibility in how you use the money, they also come with a degree of risk. Using the equity in your home can be the right choice under the right circumstances. If you’re considering a home equity line of credit, read on for a complete rundown of the pros and cons of HELOCs. What Is a Home Equity Line of Credit? A home equity... Read more
Alterra is offering shares at $1 per token in a 24-story housing project in the heart of Silicon Valley. Dallas-based developer Alterra Worldwide is about to break...
Expense was about the same until the housing market went wild: report The rising cost of owning a home is making renting more attractive than it has been in two...
With an increased focus on mission-driven housing, Fannie and Freddie are providing favorable financing options to affordable housing investors. Fannie Mae and Freddie...
Just because mortgage rates are on the rise doesn’t mean you can’t buy a home this year. The keys will be knowing your budget, maintaining perspective and having a...
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