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The Most Popular Cities for Millennial Homebuyers
Though it may sometimes seem as if millennials are destined to rent or live in their parents’ basements forever, they make up the largest share of homebuyers in the U.S., surpassing older (and richer) generations, according to a new report from LendingTree. To highlight where millennials are looking to buy, LendingTree’s new report analyzed mortgage…
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Mortgage Applications Make a Positive Turnabout This Week
After a brief dip reported a week ago, mortgage applications increased this week 7.4% from a 9.0% decrease one week earlier, according to the latest data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 3, 2023. This week’s numbers: The Market Composite Index, a measure of mortgage loan…
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Multifamily Rents Flat as Economic Fears Ease
After declining in the fourth quarter as growth decelerates, multifamily rents were flat in January at an average of $1,701, unchanged from December, according to a new from Yardi Matrix. Yardi Matrix’s National Multifamily Report for January found that year-over-year rent growth continues to decline and is now 5.5%, down 70 basis points from last…
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UK-Based Chestertons Joins Forbes Global Properties Network
Forbes Global Properties has announced UK-based brokerage Chestertons as the newest member of its business network. Established in 1805, and today owned by chairman Salah Mussa, Chestertons will exclusively represent the Forbes Global Properties brand in its home city of London. Chestertons has one of London’s largest office networks with nearly 600 employees, the company…
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