HousingWireHousingWire Troubled rent-to-own startup Divvy Homes will be acquired by Maymont Homes, a division of Brookfield Properties that manages single-family rental homes. Divvy and Maymont have not released any formal statements to announce the acquisition. Fast Company reported the move last week, describing it as a “fire sale” based on…
Continue reading →HousingWireHousingWire As President-elect Donald Trump’s nominee to serve as secretary for the U.S. Department of Housing and Urban Development (HUD), Scott Turner will be questioned on Thursday by lawmakers of both parties in his confirmation hearing before the Senate Committee on Banking, Housing and Urban Affairs. But ahead of that…
Continue reading →HousingWireHousingWire Mortgage rates continued their ascent this week after Friday’s jobs report showed that employers added more positions than expected in December, which is likely to cement a pause on interest rate cuts by the Federal Reserve later this month. HousingWire’s Mortgage Rates Center showed that the average 30-year conforming…
Continue reading →HousingWireHousingWire The hits keep coming for the Alexander brothers. In the case brought by Side against Tal and Oren Alexander for allegedly defaulting on a loan extended by Side in 2021, judge William Orrick in the Northern District of California denied the brothers and Official Partners’s motion to compel arbitration…
Continue reading →HousingWireHousingWire Fannie Mae‘s latest Home Price Index (HPI) shows single-family home prices increased 5.8% from Q4 2023 to Q4 2024, a surprising increase from the previous quarter’s downwardly revised annual growth rate of 5.4%. Quarterly, home prices rose a seasonally adjusted 1.7% in Q4 2024, an increase from the downwardly…
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