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Real Estate News

Case-Shiller reports increase in home price growth | HousingWire
HousingWire | April 24, 2018
Home prices increased across the U.S. in February, picking up the pace in annual price gains. This run, which is still ongoing, compares to the previous long run from January 1992 to February 2007. And with expectations for continued economic growth and further employment gains, the current run of r...
FHFA: Home prices still on the rise | HousingWire
HousingWire | April 24, 2018
Home prices are still on the rise, increasing once again in February. But one expert said a rise in debt-to-income ratios looks to have supported house price gains over the past few months but, with mortgage interest rates now on the rise, he still expects a slight moderation in growth this year.
Rolling the dice on Atlantic City | HousingWire
HousingWire | April 24, 2018
The Atlantic City-Hammonton, New Jersey Metropolitan Statistical Area boasts a legendary boardwalk and coastline but is now as well known for its bankrupt casinos. And, rather than a growing population with an expanding economy, the region remains on a downward trend, with a projected -2.9% deprecia...
HUD investigates Facebook (again) over housing discrimination ads | HousingWire
HousingWire | April 23, 2018
Earlier this year, the U.S. Department of Housing and Urban Development halted its investigation into fair housing violations within Facebook ads, but now, that investigation has been reopened. Here’s why.
Existing home sales increase for second consecutive month | HousingWire
HousingWire | April 23, 2018
Existing home sales increased in March for the second consecutive month, however as inventory shortages persist, home sales continue to fall below last year’s levels. One expert explained it’s hard to sell homes in large numbers when there’s so few available to buy, and that raises the questio...
Buying a Home Is Cheaper Than Renting in the Majority of the US | KeepingCurrentMatters
KeepingCurrentMatters | April 23, 2018
The results of the 2018 Rental Affordability Report from ATTOM show that buying a median-priced home is more affordable than renting a three-bedroom property in 54% of U.S. counties analyzed for the report.
Freddie Mac: Home sales will struggle to rise above current levels | HousingWire
HousingWire | April 23, 2018
Home sales will struggle to rise above their current levels as housing inventory continues to shrink. Freddie Mac explained that while income growth could cause the housing market to post modest growth, it may not rise much above its current levels.
Gamechanger: Zillow to begin buying and selling houses | HousingWire
HousingWire | April 20, 2018
Nearly one year ago, Zillow shook up the real estate industry when it announced that it was getting into the home selling business by launching “Zillow Instant Offers.” As it turns out, that was just the beginning. Zillow announced Thursday that it will begin buying homes and selling homes direc...
Lennar names new CEO for first time in 21 years | HousingWire
HousingWire | April 20, 2018
Lennar, which became the nation’s biggest homebuilder earlier this year when it bought fellow homebuilder CalAtlantic Group in a $9.3 billion deal, announced recently that it is making a series of executive changes. The changes, which consist of promoting several of the company’s leaders, mark t...
HUD awards record $28 billion to help states recover from major disasters | HousingWire
HousingWire | April 20, 2018
The U.S. Department of Housing and Urban Development announced it is awarding a record $28 billion to help nine states, Puerto Rico and the U.S. Virgin Islands recover from major disasters. The funds will address seriously damaged housing, businesses and infrastructure from major disasters that occu...
First-time homebuyers struggle amid rising affordability challenges | HousingWire
HousingWire | April 20, 2018
A new study from NAR and realtor.com shows affordability continues to slip across the U.S., falling even further from last year as home prices continue to rise and mortgage rates increase. NAR explained that while wages are increasing, so are home prices. Here’s what can be done to combat the risi...
NYDFS investigating whether rent-to-own is actually predatory lending | HousingWire
HousingWire | April 20, 2018
The New York Department of Financial Services revealed Monday that it is currently investigating whether alternative home purchase agreements, such as rent-to-own, lease-to-own or land installment contracts, currently being offered in New York are actually “unlicensed, predatory mortgage lending....
Oregon financial advisor accused of defrauding senior citizens in real estate Ponzi scheme | HousingWire
HousingWire | April 20, 2018
The former owner of an Oregon investment firm convinced senior citizens to invest in rehabilitating Portland-area houses, but actually misappropriated their money to pay earlier investors and took more than $500,000 of the funds for himself, the Department of Justice claims.
New construction surges – but not for single-family | HousingWire
HousingWire | April 20, 2018
New construction surged in March, however, the increase did not carry over into the single-family sector. But while some experts were highly critical of the report, others said it actually held good news for the housing industry.
Strong housing demand keeps builders optimistic in future | HousingWire
HousingWire | April 20, 2018
Builder confidence edged down slightly in April as supply places a strain on builders, however confidence in the future remains on solid ground as homebuyer demand continues to surge. The National Association of Home Builders explained that as the spring home buying season begins, expect the market ...
Black Knight: Delinquencies drop to 12-month low | HousingWire
HousingWire | April 20, 2018
National delinquencies fell in March to a 12-month low, including a decrease of 19,500 serious delinquencies in hurricane-devastated areas. However, this may not reflect that hurricane areas are getting better, in fact, it could mean they’re getting worse.
Construction sees most growth since first quarter of 2016 | HousingWire
HousingWire | April 20, 2018
Construction growth saw a surge in the fourth quarter of 2017 to the highest level since the beginning of 2016. Even as the number of new homes constructed continues to struggle, the increasing GDP within the construction industry gives hope that new home construction will soon see a surge.
HUD, VA giving $43 million to find homes for homeless veterans | HousingWire
HousingWire | April 20, 2018
The Department of Housing and Urban Development and the Department of Veterans Affairs continued their effort to end homelessness among military veterans by committing $43 million to find permanent homes for homeless veterans.
Starwood Capital Group expands asset management team | HousingWire
HousingWire | April 20, 2018
Global private investment firm Starwood Capital Group announced this week it has made two senior additions to the firm's asset management team. In January, Alex Waterbury joined Starwood as managing director, head of development, and in June, Andrea Pierce will be joining the firm to serve as th...
Federal judge finalizes $25 million Trump University settlement | HousingWire
HousingWire | April 20, 2018
Participants in President Donald Trump’s failed real estate school will soon be able to receive their share of the $25 million settlement Trump reached with the state of New York back in 2016. New York Attorney General Eric Schneiderman announced Monday that District Court Judge Gonzalo Curiel iss...
Realtors Property Resource founding CEO announces retirement | HousingWire
HousingWire | April 20, 2018
Realtors Property Resource, a wholly owned subsidiary of the National Association of Realtors, announced this week that its founding CEO Dale Ross will retire. Ross will step down as of May 1, 2018, and Jeff Young, who has been named chief operating officer and general manager will assume responsibi...
CoreLogic acquires a la mode | HousingWire
HousingWire | April 20, 2018
CoreLogic, a property information, analytics and data-enabled services provider, announced Thursday that it acquired a la mode technologies as part of the continued growth of its valuations division. But appraisers are wary of the change, asking, “what doesn’t CoreLogic own?”
HUD joins initiative to combat sexual harassment in housing | HousingWire
HousingWire | April 20, 2018
The U.S. Department of Housing and Urban Development announced it is recognizing the 50th anniversary of the Fair Housing Act with its new initiative to increase awareness and reporting of sexual harassment in housing. Here’s what it is doing along with the Justice Department to combat sexual hara...
Auction.com adds Min Alexander as chief operating officer | HousingWire
HousingWire | April 20, 2018
Auction.com, a real estate marketplace and a recent honoree as member of the HousingWire Magazine HW Tech100, announced this week that it is naming Min Alexander as its new chief operating officer. During her time at Altisource, Alexander was named one of HousingWire Magazine’s Women of Influence ...
Closing the gap on the real estate closing process | HousingWire
HousingWire | April 20, 2018
[Op-ed] Today, homebuyers can tour homes, see the neighborhood and research the history of a property all from the comfort of their couch. Technology has streamlined the front end of the purchase process, but the actual closing remains largely stuck in the past. How can collaborative software soluti...
This is what sells for $1.23 million in the San Francisco area | HousingWire
HousingWire | April 20, 2018
Think home prices in your area are unaffordable? If you live in California, especially the Bay Area, you might be right. For everyone else, reading this article might help you feel better about home prices in your area.
LERETA adds Bill Theisinger as chief technology officer | HousingWire
HousingWire | April 20, 2018
LERETA, a national real estate tax and flood service provider, announced Tuesday morning that is has added Bill Theisinger as the company’s chief technology officer. Theisinger brings nearly 20 years of technology experience to his new role with LERETA, where he will focus on “creating business ...
Monday Morning Cup of Coffee: Housing obstacles can’t hold back homebuyer demand | HousingWire
HousingWire | April 20, 2018
It’s no secret that affordable housing continues to be more difficult to find, and competition among first-time homebuyers continues to remain fierce. Here’s what some cities are doing to overcome the crisis. But homebuyers seem undeterred.
New Jersey warns mortgage industry: Hackers are trying to steal mortgage funds | HousingWire
HousingWire | April 20, 2018
Banks, credit unions, mortgage lenders, loan originators, title insurers, title, real estate agents, and consumers in the state of New Jersey need to be on the lookout for hackers that are trying to steal mortgage funds during the transaction.
Altisource names Patrick McClain senior vice president, Hubzu Auction Services | HousingWire
HousingWire | April 20, 2018
Altisource announced this week it has named Patrick McClain as senior vice president of Hubzu Auction Services. In his new role, McClain will be responsible for driving the growth of Hubzu’s residential online marketing and auction business and oversee product innovation for the company's online ...
Is Family Mortgage Debt Out of Control? | KeepingCurrentMatters
KeepingCurrentMatters | April 20, 2018
Some homeowners have recently done a “cash out” refinance and have taken a portion of their increased equity from their house. Others have sold their homes and purchased more expensive homes with larger mortgages. At the same time, first-time buyers have become homeowners and now have mortgage p...
How Much Do You Need to Make to Buy a Home in Your State? | KeepingCurrentMatters
KeepingCurrentMatters | April 20, 2018
It’s no mystery that cost of living varies drastically depending on where you live, so a new study by GOBankingRates set out to find out what minimum salary you would need to make in order to buy a median-priced home in each of the 50 states, and Washington, D.C.
Rising Prices Help You Build Your Family’s Wealth | KeepingCurrentMatters
KeepingCurrentMatters | April 20, 2018
Over the next five years, home prices are expected to appreciate, on average, by 3.6% per year and to grow by 18.2% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey.
Getting Pre-Approved Should Always Be Your First Step | KeepingCurrentMatters
KeepingCurrentMatters | April 20, 2018
In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-quali...
The COST of Your Next Home Will Be LESS Than Your Parents’ Home Was | KeepingCurrentMatters
KeepingCurrentMatters | April 20, 2018
There is no doubt that the price of a home in most regions of the country is greater now than at any time in history. However, when we look at the cost of a home, it is cheaper to own today than it has been historically.
Mortgage Interest Rates Have Begun to Level Off | KeepingCurrentMatters
KeepingCurrentMatters | April 20, 2018
Whether you are a buyer searching for your first home, or a homeowner looking to move up to your next home, you should pay attention to where mortgage interest rates are heading.
What Is Private Mortgage Insurance (PMI)? | KeepingCurrentMatters
KeepingCurrentMatters | April 20, 2018
When it comes to buying a home, whether it is your first time or your fifth, it is always important to know all the facts. With the large number of mortgage programs available that allow buyers to purchase homes with down payments below 20%, you can never have too much information about Private Mo...
US Housing Market Still In ‘Buy Territory’! | KeepingCurrentMatters
KeepingCurrentMatters | April 20, 2018
According to the Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, the U.S. housing market has continued to move deeper into buy territory, supporting the belief that housing markets across the country remain a sound investment.
RealPage continues growing, set to acquire ClickPay for $218 million | HousingWire
HousingWire | April 20, 2018
RealPage, a provider of software and data analytics to the real estate industry, went on quite the run of acquisitions last year, acquiring four different companies throughout the year. As it turns out, RealPage isn’t done yet. The company announced Friday that it is acquiring ClickPay, an electro...
Over half of U.S. metros surpass pre-recession peak prices in Q1 | HousingWire
HousingWire | April 20, 2018
During the first quarter of 2018, 54% of U.S. metros posted median home prices that surpassed their pre-recession peaks. Metros with the highest increases from their pre-recession peaks were up as much as 69% from the previous peak.