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Business Journals
2 days ago
- Business
- Business Journals
Austin's 25 largest multifamily mortgage lenders
The 25 largest multifamily mortgage lenders in Austin originated more than $776 million in purchase loans in 2024. Information was analyzed by ACBJ from HMDA-LAR data published by the Federal Financial Institutions Examination Council. Figures include purchase loans originated in 2024 for multifamily properties — defined as buildings with five or more units — in the Austin area. Only mortgages used for property purchases are included; sales financed in other ways, such as commercial real estate loans, are not included. This week's List is part of a shift in our research methodology and philosophy in 2025, one that will emphasize more data and context for readers while better coordinating the resources available to us and our 46 sister publications under the American City Business Journals flag. We anticipate this effort will identify thousands of new local records — and cumulatively, tens of thousands of new businesses across ACBJ's footprint — this year alone. For information about this and other ABJ Lists, please contact Patricia Rogers, researcher at progers@
Business Journals
2 days ago
- Business
- Business Journals
Albany region's 31 largest multifamily mortgage lenders
Information was analyzed by ACBJ from HMDA-LAR data published by the Federal Financial Institutions Examination Council. Figures include purchase loans originated in 2024 for multifamily properties — defined as buildings with five or more units — in the Albany region. Only mortgages used for property purchases are included; sales financed in other ways, such as commercial real estate loans, are not included. The Albany Business Review could not independently verify information on The List. This week's List is part of a shift in our research methodology and philosophy in 2025, one that will emphasize more data and context for readers while better coordinating the resources available to us and our 46 sister publications under the American City Business Journals flag. We anticipate this effort will identify thousands of new local records — and cumulatively, tens of thousands of new businesses across ACBJ's footprint — this year alone. For information about this and other Albany Business Review Lists, please contact Research Director Todd Kehoe at tkehoe@ or 518-640-6816.
Business Journals
3 days ago
- Business
- Business Journals
Central Florida's 36 largest multifamily mortgage lenders
The 35 largest residential mortgage lenders in Central Florida originated more than $786 million in home purchase loans in 2024 The online version of this ranking expands beyond what appears in print; another 15 residential mortgage lenders are included in our digital rankings, in addition to the 20 featured in the print edition. This week's List is part of a shift in our research methodology and philosophy in 2025, one that will emphasize more data and context for readers while better coordinating the resources available to us and our 46 sister publications under the American City Business Journals flag. We anticipate this effort will identify thousands of new local records — and cumulatively, tens of thousands of new businesses across ACBJ's footprint — this year alone. Information on The List was analyzed by ACBJ from HMDA-LAR data published by the Federal Financial Institutions Examination Council. Figures include purchase loans originated in 2024 for residential properties — defined as buildings with four or fewer units — in Brevard, Lake, Orange, Osceola, Seminole and Volusia counties. Only mortgages used for property purchases are included; refinance, home improvement, cash-out refinancing and other purposes are not included. Multifamily mortgages also are excluded from this analysis. The Orlando Business Journal could not independently verify information on the List. In case of ties, lenders are listed alphabetically. For information about this and other OBJ Lists, please contact Data Reporter Logan Dragone at logandragone@
Yahoo
15-02-2025
- Business
- Yahoo
Reno among worst in the nation for its share of young adults buying homes
Young adults in Reno, Nev. are buying fewer homes compared to the rest of the nation, according to an analysis of home purchase loans. Residents younger than 25 in the Reno metro area accounted for just 3.6% of home purchase loans, according to the 2024 Construction Coverage housing study. The national average is 5%. The study uses 2023 data from the Federal Financial Institutions Examination Council, which is the latest full year available. Read more: What will be trending for luxury real estate in 2025? This report tells you Reno's homebuying rate among young adults placed the city 75th among 100 mid-size metros in the United States. Reno was also ranked at 292 overall among all 382 cities included in the study, placing it among the bottom fourth of the list. Reno's low placement reflects its worsening housing affordability woes since the region bounced back from the Great Recession. The median mortgage loan for Reno's under-25 homebuyers was $330,000, according to the study. In contrast, the median loan amount nationally was $195,000 — a difference of $135,000. The median sale price for an existing home in Reno-Sparks was above $600,000 in December, according to Sierra Nevada Realtors. Nevada fared even worse than Reno in the study, with young adults accounting for only 3.4% of home purchase loans. The rate was enough for Nevada to be ranked the 10th-worst state in the list, joining other such states as Hawaii, California and Massachusetts. The state with the most homebuyers under age 25 was Iowa at 11.9%, followed by North Dakota at 10.2%. For many young adults fresh out of college or starting new careers, buying a house is still difficult even as the red-hot market from the COVID-19 pandemic has cooled off. 'Finding a home remains challenging for many buyers,' according to Construction Coverage. 'Elevated home prices and high interest rates have made it especially difficult for young, first-time homebuyers to make a purchase.' Zillow estimates that more than 4.5 million homes need to be built to keep up with the housing shortfall and meet existing demand. This means young adults have to compete with Baby Boomers and Millennials for limited inventory. Although the Great Recession reduced the rate of home ownership among young adults, the group rebounded and hit an ownership rate of 25.7% in 2020. The rate tied the previous record in 2005. After the pandemic, however, homeownership among those younger than 25 decreased once more, falling to 23.6% in 2023. 'Despite these challenging conditions, young buyers have made progress in homeownership in recent years,' according to Construction Coverage. 'However, after peaking during the pandemic, the under-25 homeownership rate has declined.' This article originally appeared on Reno Gazette Journal: Reno among nation's worst for young adults buying homes Sign in to access your portfolio
USA Today
15-02-2025
- Business
- USA Today
Reno among worst in the nation for its share of young adults buying homes
Young adults in Reno, Nev. are buying fewer homes compared to the rest of the nation, according to an analysis of home purchase loans. Residents younger than 25 in the Reno metro area accounted for just 3.6% of home purchase loans, according to the 2024 Construction Coverage housing study. The national average is 5%. The study uses 2023 data from the Federal Financial Institutions Examination Council, which is the latest full year available. Read more:What will be trending for luxury real estate in 2025? This report tells you Reno's homebuying rate among young adults placed the city 75th among 100 mid-size metros in the United States. Reno was also ranked at 292 overall among all 382 cities included in the study, placing it among the bottom fourth of the list. Need a break? Play the USA TODAY Daily Crossword Puzzle. Reno's low placement reflects its worsening housing affordability woes since the region bounced back from the Great Recession. Young Reno adults paying more in mortgage than rest of U.S. on average The median mortgage loan for Reno's under-25 homebuyers was $330,000, according to the study. In contrast, the median loan amount nationally was $195,000 — a difference of $135,000. The median sale price for an existing home in Reno-Sparks was above $600,000 in December, according to Sierra Nevada Realtors. Nevada fared even worse than Reno in the study, with young adults accounting for only 3.4% of home purchase loans. The rate was enough for Nevada to be ranked the 10th-worst state in the list, joining other such states as Hawaii, California and Massachusetts. The state with the most homebuyers under age 25 was Iowa at 11.9%, followed by North Dakota at 10.2%. For many young adults fresh out of college or starting new careers, buying a house is still difficult even as the red-hot market from the COVID-19 pandemic has cooled off. 'Finding a home remains challenging for many buyers,' according to Construction Coverage. 'Elevated home prices and high interest rates have made it especially difficult for young, first-time homebuyers to make a purchase.' Zillow estimates that more than 4.5 million homes need to be built to keep up with the housing shortfall and meet existing demand. This means young adults have to compete with Baby Boomers and Millennials for limited inventory. Although the Great Recession reduced the rate of home ownership among young adults, the group rebounded and hit an ownership rate of 25.7% in 2020. The rate tied the previous record in 2005. After the pandemic, however, homeownership among those younger than 25 decreased once more, falling to 23.6% in 2023. 'Despite these challenging conditions, young buyers have made progress in homeownership in recent years,' according to Construction Coverage. 'However, after peaking during the pandemic, the under-25 homeownership rate has declined.'
