U.S. apartment demand roared back in the second quarter, driving the sharpest drop in vacancies in years as a cooling construction pipeline tightened the market. Net absorption -- the change in occupied units -- surged to 188,200 in Q2, the highest second-quarter tally on record, CBRE data show. It was the fifth straight quarter in which leasing demand topped new deliveries, pushing the national vacancy...
New Western and PadSplit have entered a partnership aimed at increasing affordable co-living housing, effective last week. New Western cofounder and President Kurt Carlton told HousingWire the collaboration will allow investors to access PadSplit’s model for converting single-family homes into shared living spaces — while leveraging New Western’s large property inventory. “(PadSplit) will...
On this week’s RealTrending, Tracey Velt interviews Sean Miku — founder and CEO of simpliHŌM — a tech-focused brokerage launched in 2018. Miku outlines the firm’s 85/15 commission split, free transaction management and its goal to go public by 2028, while sharing perspectives on today’s real estate challenges and opportunities. He also explains how simpliHŌM’s growth is fueled by...
Mortgage rates reached a new 2025 low today, despite core inflation running at 3.1% year over year, according to the CPI report this week. The softening labor data and improved mortgage spreads currently overshadow any concerns about inflation. If the jobs data were exceeding estimates, the situation would be different. According to Mortgage News Daily, mortgage rates have dropped to a low of 6.53%,...
Sumanth Kamath — chief technology officer at eXp Realty — took the stage Tuesday in Dallas at HousingWire’s AI Summit to share how his company is using artificial intelligence (AI) to drive efficiency, empower employees and scale operations. In a conversation with HousingWire Senior Director of Data and Content Tracey Velt, Kamath described a sweeping AI strategy that includes everything from...
OneTrust Home Loans filed a lawsuit this week challenging the long-promoted neutrality of mortgage coaching programs, alleging the services were used by a rival to gain a competitive edge. The California-based lender is suing former loan officer Broch Lassig, mortgage coach Richard Ruby, and Ruby’s company, The Core Training, accusing them of misusing confidential business information to harm its...
Chargers are essential for everyday devices—but is it safe to leave them plugged in when not in use? Discover what an expert says about energy use and...
Here’s what buyers need to know about offer transparency and how to stay competitive in the...
It’s hard to imagine looking at it now, but the ground floor of this London house used to feel a bit gloomy. Darker flooring and blocked sightlines were contributing to the dingy look, and the owners were eager to open up the space and bring in more natural...
Analysts say the high cost of home ownership remains a strong tailwind for the...
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