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Author name: Ricky Vasquez

Institutional home buyers gained ground in December

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Institutional investors modestly expanded their share of single-family home purchases in December, complicating President Donald Trump’s call to push large buyers out of the market. Processing Content Large investors, those that own between 100-999 properties, accounted for 3% of all single family-home purchases and mega investors, 1,000 or more properties, totaled a 2.8% share in […]

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Mike Fawaz Rocket Pro TPO Executive Vice President 2022

Rocket Pro executive Mike Fawaz leaves the megalender

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Rocket Pro leader Mike Fawaz, one of the company’s most public-facing leaders, has left his position.  Processing Content The executive vice president, who’s been with Rocket since 2011, made his announcement in a Linkedin post Monday, and his employer confirmed his departure Tuesday. Housingwire first reported the news. His exit comes two weeks after general

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Homebuilder sentiment dips to 5-month low on affordability

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US homebuilders’ confidence slipped again this month, bogged down by persistent worries over affordability and high construction costs.  Processing Content An index of market conditions from the National Association of Home Builders and Wells Fargo edged down in February to 36, the lowest level since September. That fell short of all but one estimate in

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