Residential

Sierra Pacific Mortgage Co. Inc. has launched a Builder Division that will focus on providing mortgage services for homebuilders
Sierra Pacific Mortgage Co. Inc. has launched a Builder Division that will focus on providing mortgage services for homebuilders.   The Folsom, Calif.-based lender has hired Diane Cimarusti-Galigher, a former Senior Vice President at BD Holdings, as the Division’s Regional Builder Manager for... Keep Reading....
Builder confidence in the market for newly-built single-family homes took a four-point ascent to a level of 68 in October
Builder confidence in the market for newly-built single-family homes took a four-point ascent to a level of 68 in October on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). This was the highest HMI reading since May.   All three HMI components posted gains... more
Amazon container home
Potential homeowners in search of a unique dwelling now have a new source for their residential needs: the e-commerce giant Amazon.   According to a report on Curbed.com, the Wisconsin-based company MODS International is selling 320-square-foot homes on Amazon that use new sea containers as their... more
Average mortgage rates were down slightly in the latest Freddie Mac data
Pewaukee, Wis.-based Waterstone Mortgage has announced the opening of six new branches in five states.   The new branches include two Illinois-based operations in Bloomington and Chicago plus branches in Enterprise, Ala.; Hiawatha, Iowa; Fredericksburg, Va.; and Salem, Ore. The company, a wholly-... more
Cape Cod
One of the Northeast’s most popular tourist destination is experiencing a significant housing dilemma impacting its year-round residents.   According to a report from the regional trade publication Banker and Tradesman, Cape Cod has evolved into an acutely lopsided housing environment. Half of all... more