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Movement Mortgage names Joe Thompson as regional director

Housing Wire

In his new role, Thompson will also be responsible for driving growth and expanding the company’s market presence while fostering relationships with real estate partners. The lender also provides rate-and-term and cash-out refinancing, along with construction and renovation loans.

Mortgage 448
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Planet acquires Platinum Home Mortgage Corporation

Housing Wire

Connecticut-based lender and servicer Planet Home Lending has acquired the assets of Illinois-based retail lender Platinum Home Mortgage Corporation. We look to acquire right-sized, financially solid distributed retail companies.” The financial terms of the transaction have not been disclosed.

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How to price homes properly in a volatile housing market

Housing Wire

We’re just trying to move inventory quickly,” said Lee Kearney, a Tampa, Florida-based real estate investor who has an inventory of between 15 and 20 homes for sale at any given time. “If Holding properties as REO becomes even more risky in a slowing real estate environment. These are market-based decisions.”

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Off-the-grid deals: Distressed property trends and market insights

Housing Wire

It’s oddly enough in states where people are leaving,” said Florida-based real estate investor Paul Lizell of the markets where he is more focused on acquiring investment properties in 2024. I’m still focusing on those markets with very low (retail) inventory. It’s very, very market dependent right now. in Q1 2023. in Q1 2023.

Marketing 476
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Residential construction jobs now 7.6% above pre-COVID level

Housing Wire

Could renovated foreclosure resales help solve the nation’s increasingly complex affordable housing puzzle? An estimated 140,000 renovated properties purchased at foreclosure auction or bank-owned auction were resold to owner-occupant buyers between January 2020 and December 2021. Presented by: Auction.com.

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Atlas, DivcoWest prepare $1B single-family rental venture

Housing Wire

Atlas Real Estate and DivcoWest declared last week that they will spend $1 billion “acquiring and renovating homes in high-growth states including Colorado, Arizona, Idaho, Nevada, and Utah,” according to a press release. billion equity infusion from investors including Centerbridge and Allianz Real Estate.

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These housing markets are most likely to correct based on foreclosure buyer behavior

Housing Wire

Real estate investors purchasing distressed properties at foreclosure auction have been telegraphing a possible housing market slowdown for the last six months. The first quarter numbers reflect a pandemic-fueled housing fever dream that impacted the distressed housing marketplace as much as it did the retail housing marketplace.

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