Connie Kim

@HousingWire @ColumbiaJournMA Alum. | Formerly @trdny @VOANews @ArirangWorld | In NY via Washington D.C., Seoul.

[HousingWire @HousingWire]

Mortgage rates have nearly doubled from the beginning of 2022 but they may have not peaked, putting further pressure on affordability.
https://t.co/feAENtdpgt

[Connie Kim @ConnieKimJ]

Higher mortgage rates are squeezing out buyers. Business is at a "dead stop" for mortgage loan originators with most of them going back to old-fashioned ways to find borrowers.

[HousingWire @HousingWire]

With the mortgage market at a standstill, LOs are doing anything they can to drum up business. Some are getting licenses in nearby states, leaning into reverse and non-QM, and getting back to basics.
https://t.co/bezzJVKbsJ

[HousingWire @HousingWire]

Top 10 lender and servicer Freedom Mortgage has trimmed its workforce across multiple rounds of layoffs this year and continues to “offshore” jobs, former employees tell HousingWire.
https://t.co/lAcqGWdk2C

[Connie Kim @ConnieKimJ]

Time will tell how well UWM will maintain its market share once the lender raises prices again. Another major question that remains unanswered is how UWM’s ambition to increase its market share will affect consumers in the long term.

[HousingWire @HousingWire]

United Wholesale Mortgage is burning cash wreaking havoc on competitors. But will it maintain market share when prices go back up?
https://t.co/Fz41qrCgmV

[James Kleimann @jameskleimann]

It's getting really dicey for brokerages: Redfin just laid off 470 workers (many of them engineers) and Compass is laying off 450, per @mattpennyblake and @brookleeh95. Compass has also halted trading. https://t.co/uPEgdVZYl3

[Connie Kim @ConnieKimJ]

Thrilled to have joined HousingWire's podcast to speak on consumer sentiment! Check out our special edition assessing the mid-year housing market: https://t.co/SsDPwtc0ig

[HousingWire @HousingWire]

Reporter @ConnieKimJ brings a look at consumer sentiment and RealTrends Editorial Director @TraceyVeltFL follows with real estate broker and agent sentiment from @realtrends' BrokerPulse survey. 🔍
https://t.co/a1Yv8k3k0o #realestate

[Connie Kim @ConnieKimJ]

Consolidation in the mortgage tech industry appears inevitable in an environment with tight housing inventory, reduction in refis, and surging mortgage rages. “Rising tide raises all ships, but subsequently lowering tides drop off ships."

[HousingWire @HousingWire]

“With less volume out there, it's only a matter of numbers and math. Less loans equals less revenue across the board. You're going to see some that’ll survive and some will simply not...
https://t.co/ieoqIAqTsT

[HousingWire @HousingWire]

The boundary between non-QMs and QM loans will be blurred and government-sponsored enterprises (GSEs) will have to accommodate the growing market of the non-QM borrowers: Executives
https://t.co/yiGDnpf1LX

[HousingWire @HousingWire]

The question was on the minds of many at the Waldorf Astoria in Dana Point, California on Thursday – will non-qualified mortgage products become more commoditized as the rising rate environment wallops agency lending?
https://t.co/19UymeZpsj

[HousingWire @HousingWire]

Even during the $8 trillion mortgage boom, mortgage tech company Blend lost money. What happens now that the mortgage industry is in decline?
https://t.co/tfVn6KBy24

[Connie Kim @ConnieKimJ]

Self-storage, once regarded as a niche investment, is looking better than ever.

[The Real Deal Chicago @trdchicago]

Recession-proof self-storage market heads into second boom https://t.co/udMRv7jgqg

[Connie Kim @ConnieKimJ]

Fulton Street Companies, "the largest smaller developer" in Fulton Market was late to jump into the Fulton Market race, but his narrowed focus has been a success so far. After all, it's right there in the company's name.

[The Real Deal Chicago @trdchicago]

How Fulton Street Companies’ longtime bet on prime locations is paying off, @ConnieKimJ reports.
https://t.co/WoLDbNApV0

[Connie Kim @ConnieKimJ]

Brokers are crowing about how the $20 million sale of a penthouse at Trump Tower in Chicago is a sign of a hot residential market, the reality is a bit more complicated: Trump Tower is an anomaly.

[The Real Deal Chicago @trdchicago]

Trump Tower $20M penthouse sale a sign of things to come, or the peak of the market. https://t.co/msJMTrkfiw

[The Real Deal Chicago @trdchicago]

Rare multifamily properties in Chicago post record price-per-unit sales, sell above listing price
https://t.co/7Oad4fREeV

[The Real Deal Chicago @trdchicago]

Revival for long underdeveloped Chicago’s Bronzeville district is here to stay, @ConnieKimJ reports. https://t.co/S4o0Yd5WGJ

[The Real Deal Chicago @trdchicago]

Chicago’s Lincoln Park home sets 2022 price record before it even hits the market, @ConnieKimJ reports
https://t.co/dVREf9vCll

[The Real Deal Chicago @trdchicago]

New York investor bought a 29-story building in the West Loop for $130M, @ConnieKimJ reports. https://t.co/eUdEFZ2sCx

[The Real Deal Chicago @trdchicago]

There’s such uncertainty that if [office and hotel landlords] can get out, they want to. So they’re putting it on the market now and cutting their losses.”
https://t.co/TbdSHsaGL1

[Connie Kim @ConnieKimJ]

Can Fulton Market lead Chicago's office recovery? Flight to quality leaves owners of older buildings with two options: upgrade or convert https://t.co/AobZ3losKe

[The Real Deal @trdny]

Sam Zell's Equity Lifestyle Properties invests $147M in manufactured homes, @ConnieKimJ reports.
https://t.co/lkGvByRQZL