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Real Estate News

CFPB moves to further ease enforcement on financial services industry | HousingWire
HousingWire | December 11, 2018
In the last few days of his leadership at the Consumer Financial Protection Bureau, Mick Mulvaney moved to further ease the bureau’s enforcement of the industries that it oversees. Additionally, the CFPB proposal would create a “Product Sandbox,” which would allow and encourage companies to cr...
Wise Agent names Jason Frazier chief marketing officer | HousingWire
HousingWire | December 11, 2018
Wise Agent hired Jason Frazier as its chief marketing officer, the company announced this week. Frazier, a known marketer in the mortgage industry, will be responsible for modernizing email marketing and social content for Wise Agent’s CRM system.
Democrats choose Rep. Maxine Waters to lead House Financial Services Committee | HousingWire
HousingWire | December 11, 2018
The Democratic Steering and Policy Committee nominated Rep. Maxine Waters, D-Calif., late Monday to lead the Financial Services Committee. Waters will be the first woman and African American to chair the committee. Of course, her nomination must still be approved by the Democratic Caucus.
What would Mark Calabria as FHFA director mean for the future of Fannie and Freddie? | HousingWire
HousingWire | December 11, 2018
Reports began to surface this week that the Trump administration is considering naming Mark Calabria to be the next director of the FHFA when Mel Watt’s term is up early next year. But what would Calabria bring to the FHFA and what might that mean for the future of Fannie Mae and Freddie Mac? Here...
4 Reasons to Buy A Home This Winter! | KeepingCurrentMatters
KeepingCurrentMatters | December 11, 2018
Here are four great reasons to consider buying a home today instead of waiting. The post 4 Reasons to Buy A Home This Winter! appeared first on Keeping Current Matters.
How to Simply Increase Your Family Wealth by Paying for Housing | KeepingCurrentMatters
KeepingCurrentMatters | December 11, 2018
Everyone should realize that unless you are living somewhere rent-free, you are paying a mortgage – either yours or your landlord’s. Buying your own home provides you with a form of ‘forced savings’ that allows you to use your monthly housing costs to increase your family’s wealth. The po...
CoreLogic: Here’s what will be making economic news in 2019 | HousingWire
HousingWire | December 11, 2018
CoreLogic released its predictions for 2019, outlining several factors that will be making economic news in the new year. CoreLogic’s chief economist explained that economic growth only needs to last seven more months in order to set the record for the longest economic expansion.
Airbnb settles with Aimco after being accused of allowing illegal short-term rentals | HousingWire
HousingWire | December 11, 2018
The legal battle between Airbnb and the Apartment Investment and Management Company over Aimco’s claims that Airbnb was encouraging residents to violate their leases by renting out their apartments on the short-term rental platform is now over. And everyone appears to be pleased.
Homelessness accelerates in expensive rental markets | HousingWire
HousingWire | December 11, 2018
As more and more Americans become rent burdened, the homeless rates in the nation’s most unaffordable markets continue to grow, according to the latest data from Zillow. Zillow Director of Economic Research and Outreach Skylar Olsen said that although the nation’s homelessness rate has fallen, s...
This is what the housing market could look like in 2019 | HousingWire
HousingWire | December 10, 2018
Teaser: In 2018, the housing market experienced its fair share of up and downs, attributed to many factors including affordability and inventory concerns. But as the year comes to an end, homebuyers will be walking into 2019 with more pep in their step. Here’s why.
TCI, Southern Properties Capital, Macquarie partnering to build significant multifamily portfolio | HousingWire
HousingWire | December 10, 2018
Southern Properties Capital, a subsidiary of real estate investment company Transcontinental Realty Investors that operates primarily in Texas and specializes in Class A multifamily, is forming a joint venture with a subsidiary of Macquarie Group, the global finance giant. According to the companies...
Monday Morning Cup of Coffee: Appraisers may not get paid as CoesterVMS runs out of money | HousingWire
HousingWire | December 10, 2018
Sources continue to inform HousingWire of new information regarding CoesterVMS as it appears it may be running out of money and leaving some appraisers unpaid. Plus, find out what the housing industry thinks of the new director of the Consumer Financial Protection Bureau.
Redfin: Number of sight-unseen home offers retreat | HousingWire
HousingWire | December 10, 2018
As inventory increases and home price growth slows down, homebuyer competition has begun to ease, according to the latest data from Redfin. Redfin Agent Jessie Culbert said now that most homes are staying on the market for longer than a week, there just isn’t as much pressure for buyers to make of...
2018 HW Vanguard: Anthony Cazazian | HousingWire
HousingWire | December 10, 2018
Anthony Cazazian is a problem solver. He saw a major issue challenging the single-family rental industry – a lack of streamlined, standardized processes – and he set out to fix it, creating the largest corporate-owned property management company focused on the asset class.
Minneapolis is about to abolish single-family residential zoning | HousingWire
HousingWire | December 10, 2018
In a move that strikes a blow against decades of racial inequality and could prove to a boon to multifamily developers, the city of Minneapolis is on the verge of ending single-family residential zoning. Under the plan, duplexes and triplexes would be allowed in neighborhoods that only previously al...
What If I Wait A Year to Buy a Home? | KeepingCurrentMatters
KeepingCurrentMatters | December 10, 2018
National home prices have increased by 5.4% since this time last year. Over that same time period, interest rates have remained near historic lows which has allowed many buyers to enter the market and lock in low rates. The post What If I Wait A Year to Buy a Home? appeared first on Keeping Current...
Freddie Mac will now allow conventional financing for manufactured housing | HousingWire
HousingWire | December 08, 2018
Freddie Mac will soon see no difference between certain manufactured homes and traditional single-family housing from a financing standpoint. The government-sponsored enterprise announced Friday that it is rolling out a new financing program for manufactured housing that will bring conventional fina...
Home Prices Up 6.34% Across the Country! [INFOGRAPHIC] | KeepingCurrentMatters
KeepingCurrentMatters | December 08, 2018
Some Highlights: The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report. In the report, home prices are compared both regionally and by state. Based on the latest numbers, if you plan on relocating to another state, waiting to move may end u...
Freddie Mac: Housing market is short 2.5 million units | HousingWire
HousingWire | December 07, 2018
The housing market needs an additional 2.5 million units just to match what is needed for long-term demand. As it turns out, housing inventory is far behind what is needed for the housing market, driving up rent and home prices, which will continue to outpace income growth.
Vacation rental site HomeToGo buys competitor Tripping.com | HousingWire
HousingWire | December 07, 2018
HomeToGo, a vacation rental search site that began in Europe before expanding into the United States three years ago, is buying its U.S. competitor Tripping.com, the company announced this week.
Experts: Wage growth could further rate hikes in 2019 | HousingWire
HousingWire | December 07, 2018
In November, the unemployment rate held steady at 3.7% and wages rose slightly, leading some experts to predict the likelihood of continual rate hikes in 2019. Despite these concerns, one expert believes homebuyers will end the year on a jolly note.
The Tale of Two Markets [INFOGRAPHIC] | KeepingCurrentMatters
KeepingCurrentMatters | December 07, 2018
Some Highlights: An emerging trend for some time now has been the difference between available inventory and demand in the premium and luxury markets and that in the starter and trade-up markets and what those differences are doing to prices! Inventory continues to rise in the luxury and premium ...
Further Proof It’s NOT 2008 All Over Again | KeepingCurrentMatters
KeepingCurrentMatters | December 07, 2018
Home sales numbers are leveling off, the rate of price appreciation has slowed to more historically normal averages, and inventory is finally increasing. We are headed into a more normal housing market. The post Further Proof It’s NOT 2008 All Over Again appeared first on Keeping Current Matters.
Home price appreciation is slowing down | HousingWire
HousingWire | December 06, 2018
The average homeowner gained $12,400 in equity in one year's time, according to CoreLogic's Home Equity Report for the third quarter of 2018. And while that's not exactly nothing, it's the smallest annual increase in two years, reflecting a slowdown in home price growth.
Zillow: These markets will outperform the rest in 2019 | HousingWire
HousingWire | December 06, 2018
Zillow’s latest Home Price Expectations Survey indicated that the housing markets of Amazon’s HQ2 finalists are expected to see their home-value growth outpace the nation in 2019. Find out which metros are expected to boom here.
Congress funds government through December 21 | HousingWire
HousingWire | December 06, 2018
Congress voted Thursday to fund the government through December 21, 2018, and in doing so extended the National Flood Insurance Program for two weeks. A government shutdown will most likely be avoided this week, but it will fall to Congress once again to keep the lights on just before Christmas.
Jobs Report: American jobs reach a plateau | HousingWire
HousingWire | December 06, 2018
Although U.S. employment rates rose in nearly every sector in November, experts believe American jobs have reached a plateau, according to the ADP and Moody's Analytics National Employment Report. ADP Vice President and Co-head Ahu Yildirmaz said although the labor market performed well, job gr...
It’s official: Senate approves Kathy Kraninger to serve as next CFPB director | HousingWire
HousingWire | December 06, 2018
Long the target of Republican ire, the Consumer Financial Protection Bureau will soon be run by the Republican president’s handpicked choice. In what amounted to an anticlimactic vote in a nearly empty Senate chamber, the Senate, voting along party lines, voted Thursday to approve Kathy Kraninger ...
24% of Renters Believe Winter is the Best Time to Buy a Home | KeepingCurrentMatters
KeepingCurrentMatters | December 06, 2018
In real estate, the spring is often seen as the ideal time to buy or sell a house. The term “Spring Buyers Season” exists for a reason, as renters and those looking to move on from their current home thaw out from the winter and hit the market ready to buy. The post 24% of Renters Believe Winte...
2008 vs. Now: Are Owners Using Their Homes as ATMs Again? | KeepingCurrentMatters
KeepingCurrentMatters | December 06, 2018
Over the last six years, we have experienced strong price appreciation which has increased home equity levels dramatically. As the number of “cash-out” refinances begins to approach numbers last seen during the crash, some are afraid that we may be repeating last decade’s mistake. The post 20...
How will this Midwest MSA fare in the next 12 months? | HousingWire
HousingWire | December 05, 2018
Veros Real Estate Solutions' Eric Fox details where the Omaha, Nebraska-Council Bluffs, Iowa market ranks for real estate appreciation over the next 12 months.
HUD gives $23 million to fair housing groups to fight discrimination | HousingWire
HousingWire | December 05, 2018
Nearly 80 fair housing groups will be receiving federal funding to fight discrimination, the Department of Housing and Urban Development announced this week. In total, the groups will receive approximately $23 million to address housing discrimination.
CBRE: Here’s where multifamily investors should be putting their money in 2019 | HousingWire
HousingWire | December 05, 2018
While most of the market attention tends to be focused on Class A multifamily buildings, new research from CBRE suggests that there is another class of multifamily housing that represents a much larger opportunity for investors – workforce housing. And going into 2019, market conditions are positi...
Glassdoor: These are the 2019 best places to work in housing and mortgage finance | HousingWire
HousingWire | December 05, 2018
Glassdoor, the workspace-satisfaction ratings website, recently announced the winners of its 2019 Employees’ Choice Awards for the Best Places to Work, recognizing multiple companies in the housing space. Find out which of the companies we work with made the cut.
Where Are Interest Rates Headed in 2019? | KeepingCurrentMatters
KeepingCurrentMatters | December 05, 2018
The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search. The post Where Are Interest Rates Headed in 2019? ap...
The #1 Reason to Not Wait Until Spring to Sell Your House | KeepingCurrentMatters
KeepingCurrentMatters | December 05, 2018
Many sellers believe that spring is the best time to place their homes on the market because buyer demand traditionally increases at that time of year, but what they don’t realize is that if every homeowner believes the same thing, then that is when they will have the most competition! The post T...
D.R. Horton boosts Iowa homebuilding business by acquiring Classic Builders | HousingWire
HousingWire | December 04, 2018
D.R. Horton is set to grow its homebuilding business in the state of Iowa, as the homebuilder announced Tuesday that it acquired Classic Builders, one of the largest homebuilders in Des Moines. According to D.R. Horton, it expects to pay approximately $60 million in cash for Classic Builders and its...
These will be the top 10 housing markets in 2019 | HousingWire
HousingWire | December 04, 2018
While coastal tech hubs have been home to some of the hottest real estate markets in recent years, Trulia expects that affordable inland cities will reign all in 2019. According to Trulia's data, these are the markets to watch next year.
Renters Warehouse buying OwnAmerica to expand single-family rental business | HousingWire
HousingWire | December 04, 2018
Renters Warehouse, a property management company that specializes in managing single-family rentals, is set to expand its SFR business, as the company announced Tuesday that it is acquiring OwnAmerica, one of the country’s largest investment marketplaces for single-family rentals.
Construction spending falls for third consecutive month | HousingWire
HousingWire | December 04, 2018
The U.S. Census Bureau of the Department of Commerce announced that construction spending during October 2018 was estimated at a seasonally adjusted annual rate of $1.309 trillion, falling 0.1% from the revised September estimate of $1.310 trillion.