Who says the financial crisis wasn't good for something? Apparently, apartment rentals are getting dirt cheap in Orange County, Calif., once the headquarters of every subprime lender that mattered. Veteran Orange County apartment owner and manager Ray Maggi told The Orange County Register that the current apartment rental market is "the worst I've ever seen." Worst for landlords, that is â” which means good for renters. Maggi is a former past president of the Apartment Association of Orange County. He has been in the business for three decades. Now, if only renters in New York City should be so luckyâ¦
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The latest runup alarmed lenders but offered some new servicing opportunities unique to this market that can benefit both sides of the business.
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ICE dropped its post-Dec. 31 SDK access fee as migration lags. Audit plugins, get written confirmation from ICE, budget for dual-running and weigh API-native rivals.
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Given current rates are higher than the MBA and Fannie Mae forecasts, the industry could see further downside risk to the housing outlooks in October.
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The serial entrepreneur, who also created Rapid Reporting and American Transfer & Trust, plans to remain active in industry causes, a LinkedIn post said.
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Almost 45% of buyers received a seller concession this summer, while more than 15% saw a reduction in the asking price to go along with it, according to Redfin.
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With 55% of homeowners planning to renovate rather than relocate, demand for home improvement capital will be strong even if the purchase market slows further.
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