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RISMedia’s July issue of Real Estate magazine is now available, and not to be missed are some in-depth exclusives, including an inside look at the Anywhere Real Estate rebrand, and a deep dive on the inventory crisis. Check out this month’s features below.
On the Cover
The shifting mortgage market has sent ripples throughout the lending industry that have manifested in waves of layoffs as companies look to adapt to the changing times. While this has become a common trend in the past six months, some companies have struggled more than others.
That’s been the case for First Guaranty Mortgage Corp. (FGMC), which announced yesterday that it had filed chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Delaware on June 30 along with its affiliate Maverick II Holdings, LLC.
Using a newly released Census Bureau analysis, researchers at the Harvard Joint Center for Housing Studies (JCHS) have finally been able to do something that has eluded most observers: contrast pre-pandemic and pandemic-era housing with hard numbers.
Some of the same researchers who collaborated to evaluate markets where homes are over or undervalued released a new report this week, this one focused on rentals, finding a continued trend of rental costs vastly exceeding expected increases.
Housing inventory recovery made major strides in June, with the number of homes available to buyers climbing at its fastest yearly pace of all time (+18.7%), according to the latest realtor.com® Monthly Housing Trends Report released this past week. Among key factors driving June’s jump in active listings were new sellers, who entered the market at a higher rate than in 2017 – 2019 prior to the pandemic, according to the report.