Market Watch

JLL Valuation Advisory recently hired Managing Director Tasha Gould to lead its institutional sector for its U.S. valuation advisory services.

This department focuses on providing technology-driven solutions to best serve institutional clients.

Read on for more news about the company's latest hire.

Freddie Mac recently appointed company veteran Kevin Palmer to head its multifamily business, which went into effect May 9. He will serve as a member of the company’s senior operating committee and report to the company’s president, Mike Hutchins.

Recent data from Black Knight’s Data and Analytics division’s Mortgage Monitor Report showed home prices and interest rates are reaching all-time highs. These numbers are causing sharp declines in home affordability.

Valuation Review reached out to Cushman & Wakefield marketing experts Jacob Albers and David Bitner, who shared insight from their report “Green Is Good Part 3: Sustainability’s Impact on Multifamily Performance.”

LEED-certified buildings and properties were just two areas of emphasis in this analysis.

Read on for more information.

Redwood Trust, Inc. providing access to housing for homebuyers and renters, recently said it has entered into a definitive agreement to acquire Riverbend Funding, LLC and its subsidiaries (“Riverbend”), a private mortgage lender to residential transitional and commercial real estate investors, in an all-cash transaction.

CBC Mortgage Agency, a nationally chartered housing finance agency and a leading source of down payment assistance for first-time homebuyers, announced that Tai Christensen, the company’s director of government affairs and diversity, equity and inclusion (DEI) officer, has been named chair of the American Mortgage Diversity Council (AMDC). Christensen, who succeeds outgoing chair Lola Oyewole, will lead the Dallas-based organization’s efforts to promote DEI throughout the mortgage industry.

The cost of a 30-year mortgage on the typical home is 19.5 percent higher than it was three months ago, according to the March Zillow Real Estate Market Report. Even so, the pace and volume of sales picked up in March, showing how many buyers are willing to meet current asking prices. 

According to the S&P Dow Jones Indices (S&P DJI) and CoreLogic report, home prices continued their upward spiral in February.

Year-over-year, the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 19.8 percent annual gain in February, up from 19.1 percent in the previous month.

Read on for more details from this report.

The Federal Housing Finance Agency recently published the 2022-2024 Underserved Markets Plans for Fannie Mae and Freddie Mac under the Duty to Serve (DTS) Program. The DTS plans demonstrate a strengthened commitment to serving manufactured housing, affordable housing preservation and rural housing.

More than 2 in 3 (65 percent) home offers written by Redfin agents faced competition in March, according to a Redfin report. That’s down from 66.8 percent in February, marking the first month-over-month decline since September and a sign that demand is starting to cool.