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Major Hotel Operators Expanding Rapidly Across Asia Pacific in 2024

According to CBRE, the hotel market in the Asia Pacific region is undergoing significant structural changes. Hotel owners and operators are adjusting their operational and branding strategies in response to increased labor and utility costs, limited new supply, and the extended peak of the interest rate cycle. Major global hotel operators are expanding rapidly in the region. Nearly half of the new hotels...

Amid a climate crisis, some good news for Florida’s housing market

The Florida housing market faces an outsized risk from weather events and larger climate issues. The state has the longest coastline in the lower 48 and its average elevation is just 100 feet. That low-lying land is prime real estate, with 16.2 million people living in coastal areas primed for damage from tropical storms, hurricanes and flooding. Not surprisingly, the state also has the highest average...

Finance of America announces debt restructuring, staving off 2025 maturity risk

Reverse mortgage industry leader Finance of America (FOA) announced this week that it has restructured its unsecured debt into new, secured debt that will come due beyond the original 2025 maturity date. This is according to an announcement and an 8-K filing with the Securities and Exchange Commission (SEC) that was reviewed by HousingWire’s Reverse Mortgage Daily (RMD). The company and the...

Rocket names Heather Lovier as chief operating officer

Heather Lovier replaced Bill Emerson as chief operating officer of Rocket Companies following the appointment of the board of directors on June 20. Emerson will remain as Rocket’s president.  An industry veteran, Lovier joined Rocket Mortgage, the company’s lending arm, in 2003. She has focused the past two decades on driving operational excellence and enhancing client experience, the company...

New home sales show why permits are falling

Today, new home sales came in slightly below estimates. The three monthly revisions were positive, but one glaring data line shows why single-family permits have been down for three months. The total active inventory of new homes completed and ready for sale is now above 2019 levels. This means that some builders will be more cautious about issuing permits if they believe they can’t sell the homes they...

iHomefinder taps SaaS veteran Womack to lead sales team

iHomefinder is hoping to bolster its business with a new hire. The real estate technology provider has added sales veteran Bryson Womack as vice president of sales, a move that took effect this week. Womack has more than 30 years of experience as a CEO, founder and sales executive. “Bryson has a proven track record of success,” the company said in a statement announcing the hire. “His expertise in...

The Best Summer-Inspired Paint Colors and Combos, According to Designers

Preserve treasured summer memories in your home with these designer-favorite colors. Jacob Fox Summer is undeniably nostalgic. It’s the season of warm nights, carefree bike rides, grilled barbecue dinners, beach days in the sand, and napping under bright blue skies. Even as summer ends, you can preserve those cherished memories throughout your home by choosing an array of colors that evoke the...

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