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Dunmor CEO Franck Ruimy on Newfi partnership and the residential investment lending sector

Housing Wire

Last week, business-purpose residential mortgage lender Dunmor announced that it received a minority equity investment from Newfi Lending , a nonagency mortgage lender owned by funds managed by Apollo Global Management. What does this mean for the residential real estate sector and how business-purpose mortgage lenders are trying to expand?

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The Federal Reserve’s housing recession dilemma

Housing Wire

Interestingly, employment for residential construction workers typically one of the first areas to experience declines before a recession has not yet seen its usual downturn. This sector is closely tied to the overall economic cycle and tends to show patterns before every recession observed in recent modern history.

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CoStar closes $1.6B purchase of Matterport

Housing Wire

Matterports cutting-edge 3D capture and AI-powered property insights have already transformed how residential and commercial properties are marketed and experienced, Andy Florance, the founder and CEO of CoStar Group , said in a statement. The firms residential North American network generated $58.9 CoStar paid $1.6

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Against the odds, RealTrends Verified agents and teams deliver big gains

Housing Wire

Among them, those ranked in RealTrends Verified The Thousand (based on 2024 data) closed 189,930 transaction sides — down slightly from 198,356 last year. Each year, our mission with RealTrends Verified is to provide a trusted benchmark for performance in residential real estate,” said Caroline Scanlon, Director of RealTrends Verified.

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How a 26-year-old Douglas Elliman agent closed $100 million+ in 2024

Housing Wire

Over the last eight years, Abraham Sarway has parlayed calculated risks like this one into running a team that closed $100 million in volume in 2024. To this day, my team and I are still working in the South Bronx, even though we regularly close deals on luxury units in Manhattan.” Hes 26 years old.

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How a Christie’s agent closed $44 million+ in 2024 on Instagram

Housing Wire

Los Angeles is arguably one of the best cities in the world for residential architecture. It wasnt just about the money anymore: “I fell in love with the beautiful architecture in Los Angeles, especially the Spanish Revival homes. My love for preserving the architecture of this city became my big why, fueling my entire career.”

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Black Friday deals on a new home? Here you go

Housing Wire

While shoppers flock to malls and online retailers for Black Friday deals, M/I Homes is shifting the focus to residential real estate with holiday incentives that rival traditional doorbusters. Chicago’s offerings include doorbuster deals on Quick Move-In homes, which reduce pricing up to $93,850 if the home closes this year.