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Opendoor CEO Kevin Wu, Daniel Morillo and Ken Griffin (Getty; Opendoor; LinkedIn)

Opendoor hires CIO from Ken Griffin’s Citadel

As it prepares to go public, Opendoor is bringing on a new hire from Citadel, Ken Griffin’s $32 billion...

Opendoor hires CIO from Ken Griffin’s Citadel
Data on third quarter CRE investments suggests a nationwide improvement, but Manhattan has been slow to recover (iStock)

NY falls behind Dallas, LA in CRE investment as deals surge nationwide

After the pandemic dramatically slowed commercial real estate deals across the U.S., the summer saw an uncharacteristically high uptick...

NY falls behind Dallas, LA in CRE investment as deals surge nationwide
Existing home sales rose again in September as listed inventory sunk to a new low. (iStock)

Existing homes sales remain high, but inventory is “historically low”

Sales for previously owned homes surged for a fourth consecutive month, but the number of properties for sale sunk...

Existing homes sales remain high, but inventory is “historically low”
The Northeast is driving gains in building permits and housing starts (iStock)

Northeast drives gains in building permits, housing starts

Building permits and housing starts in the U.S. jumped in September, largely driven by activity in the Northeast. Privately...

Northeast drives gains in building permits, housing starts
(Getty, iStock)

Mortgage applications to buy homes decline for fourth straight week

The number of applications to buy homes dropped again last week, marking the fourth consecutive week of declines. The...

Mortgage applications to buy homes decline for fourth straight week
Welcome co-founder Alec Hartman and rendering of a model home (Welcome)

Design, click, build: Startup sells new homes online

Building a new home from the ground up may get easier thanks to a New York City startup that’s...

Design, click, build: Startup sells new homes online
Pretium CEO Don Mullen and Ares Management CEO Michael Arougheti (Photos via Pretium; Getty)

Pretium, Ares agree to buy Front Yard Residential

Pretium and Ares Management have agreed to buy Front Yard Residential in a deal valued at $2.4 billion. If...

Pretium, Ares agree to buy Front Yard Residential
Housing starts and completions increased sharply in September 2020 in response to fierce demand to buy homes. (iStock)

Housing starts jump as homebuilder confidence rises

The number of homes under construction surged across the U.S. last month as homebuilder confidence kept rising. In September,...

Housing starts jump as homebuilder confidence rises
Porch CEO Matt Ehrlichman (iStock; Porch)

Porch CEO: SPAC deal gives us $200M and a clean slate

Porch’s merger with a blank-check company will wipe out its history of losses and set the stage for massive...

Porch CEO: SPAC deal gives us $200M and a clean slate
The National Association of Home Builders Housing Market Index reached a record high for the second consecutive month in October 2020. (iStock)

Building up: Homebuilder confidence hits new highs

Homebuilders are feeling record levels of optimism, according to a new report. The National Association of Home Builders/Wells Fargo...

Building up: Homebuilder confidence hits new highs
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