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Real Estate News

Homebuilder confidence remains steady in August | HousingWire
HousingWire | August 15, 2018
Concerns about market affordability contributed to homebuilder confidence falling one point to 67 in August, according to the National Association of Home Builders/Wells Fargo Housing Market Index. NAHB Chief Economist Robert Dietz said builders are monitoring how tariffs and the impending trade war...
Lenders: Zillow is coming for you. Are you ready? | HousingWire
HousingWire | August 15, 2018
Lenders, Zillow has now entered the mortgage space. And Amazon is likely not far behind. They're coming for you. You can either get it together or get left behind. Here's how.
Multifamily investment showing signs of slowing | HousingWire
HousingWire | August 15, 2018
Multifamily investment could be showing signs of slowing down heading into the back half of the year, as investors ease up on their appetite for garden-style properties, according to research from CBRE and Real Capital Analytics.
5 Reasons to Hire a Real Estate Professional Before Entering the Market! | KeepingCurrentMatters
KeepingCurrentMatters | August 15, 2018
Whether you are buying or selling a home, it can be quite the adventure. In this world of instant gratification and internet searches, many sellers think that they can ‘For Sale by Owner’ or ‘FSBO,’ but it’s not as easy as it may seem. That’s why you need an experienced real estate ...
Homebuyers Willing to Sacrifice ‘Must-Haves’ in Favor of Good School Districts | KeepingCurrentMatters
KeepingCurrentMatters | August 15, 2018
It should come as no surprise that buying a home in a good school district is important to homebuyers. According to a report from Realtor.com, 86% of 18-34 year-olds and 84% of those aged 35-54 indicated that their home search areas were defined by school district boundaries.
Cory Treffiletti, CMO of Voicera, to speak at engage.marketing | HousingWire
HousingWire | August 14, 2018
I love shiny new technology — we all do! But beyond the cool factor, evaluating which new technology your company needs to embrace for marketing can feel like reading tea leaves. That’s why I’m so excited about the panel on The Next Big Thing at our engage.marketing event. We’ve invited Cor...
Americans say buying a home is most stressful event in modern life | HousingWire
HousingWire | August 14, 2018
It’s no secret that buying a home can be a complicated and even confusing process – and now one survey showed just how stressful Americans say that process is. As it turns out, many Americans, about 40%, say buying a new home is the most stressful event in modern life.
Smoking kills... your home's resale value | HousingWire
HousingWire | August 14, 2018
We all know that puffin’ is no good for your stuffin’ (organs), but did you know that it can also be detrimental to your home’s value?
Here are the top 5 buy and sell markets for multifamily real estate | HousingWire
HousingWire | August 14, 2018
The multifamily market is strong nationwide, but there are some markets that outshine the rest and some that should be laid to rest, according to a new report from Ten-X Commercial. In its report, the commercial real estate company lists the top five “buy” and “sell” markets. Do you agree?
Home Depot earnings surge as more homeowners renovate | HousingWire
HousingWire | August 14, 2018
Home improvement retailer The Home Depot reported a surge in its sales during the second quarter of 2018 as more homeowners choose to age in place and renovate their homes rather than move into a newer home.
Spruce raises $15.6M to disrupt title industry | HousingWire
HousingWire | August 14, 2018
Self-proclaimed as the first digital native title company, Spruce is out to disrupt the paper-based title and escrow process as part of the real estate industry’s quickening march toward the digital mortgage. And now, the company has some new capital to aid its pursuit.
Monday Morning Cup of Coffee: Is the housing market finally slowing down? | HousingWire
HousingWire | August 14, 2018
As we head into the hottest month of the year, is home price growth finally starting to cool down? It looks like it might. For the first time in almost four years, home prices posted three straight months of declines in annual appreciation. But as the housing market cools, California continues to he...
The last domino: Zillow is getting into the mortgage business | HousingWire
HousingWire | August 14, 2018
The dramatic reshaping of Zillow’s place in the real estate ecosystem is about to take a giant step forward, as the online real estate behemoth announced Monday that it is getting into the mortgage business. To power its expansion into mortgages, Zillow is buying Mortgage Lenders of America.
Millionaire to Millennials: Owning Your Home Can Help You Retire Sooner! | KeepingCurrentMatters
KeepingCurrentMatters | August 14, 2018
In a CNBCarticle, self-made millionaire David Bach explained that: “Buying a home is the escalator to wealth in America. Homeownership can also help you retire early, that is, if you pay your mortgage off.”
Have You Outgrown Your Starter Home? | KeepingCurrentMatters
KeepingCurrentMatters | August 14, 2018
For many Americans, buying their first home is their first taste of achieving part of the American Dream. There is a sense of pride that comes along with owning your own home and building your family’s wealth through your monthly mortgage payment.
Marketers: Come hear Chris Heller, CEO of mello Home, at engage.marketing event | HousingWire
HousingWire | August 14, 2018
Our engage.marketing summit kicks off one month from today and Chris Heller, CEO of mello Home, is headlining our opening general session. The former CEO of Keller Williams is a real estate titan with 30 years of experience and he's bringing his insight on consumers, technology and real estate to ...
Auction.com's local teams help drive $39 billion in national sales with commitment to service | HousingWire
HousingWire | August 14, 2018
Over the past 10 years, Auction.com’s brand has become synonymous with digital innovation and client service in the real estate industry. Our company transformed the way buyers and sellers interact by making it possible to transact foreclosure, CWCOT and REO sales online. Our controlled and effici...
NPR: Rural America's future at risk thanks to lack of 'adequate housing' | HousingWire
HousingWire | August 13, 2018
Rural America is facing a shortage of “adequate housing.” Despite a dwindling population and the expectation that housing prices would fall, NPR reports that affordability is worsening in rural areas due to “aging-in-place” and the gradual obsolescence of their housing inventories.
HUD seeks public comment on AFFH amendments | HousingWire
HousingWire | August 13, 2018
On Monday, HUD announced it is moving forward with its goals of “streamlining” the controversial Affirmatively Furthering Fair Housing Rule by inviting public comment on proposed amendments to it. The embattled regulations were originally enacted by the Obama administration to assess and encoura...
Real estate CEO: We need more affordable housing to support the economy | HousingWire
HousingWire | August 13, 2018
For local economies to thrive, affordable housing must be built. According to Blake Plumley, CEO of Capital Pursuits, a real estate development and management firm, the affordable housing crisis is having tangible effects on local economies as it puts the squeeze on service workers who must relocate...
Bloomberg: Fed study says every American lost $70,000 in the financial crisis | HousingWire
HousingWire | August 13, 2018
According to a study by the Federal Reserve Bank of San Francisco, America has yet to take back the ground it lost in the 2008 during the financial crisis. Bloomberg reports that gross domestic product remains below where its 2007 trend predicted the nation would be by now.
RealPage continues growth, plans $100M acquisition of LeaseLabs | HousingWire
HousingWire | August 11, 2018
RealPage, a provider of software and data analytics to the real estate industry, has been on quite the run of acquisitions in the last 18 months or so, acquiring five different companies as it seeks to grow its empire. And the company’s not done yet. RealPage announced late Thursday that it is pla...
Would you spend $1M on a rock? | HousingWire
HousingWire | August 11, 2018
What’s the most expensive rock you’ve ever bought? Perhaps the one on your significant other’s ring finger? If you think that was expensive, take a look at this boulder about to sell for nearly $1 million in San Francisco.
Who uses a reverse mortgage to purchase a house? | HousingWire
HousingWire | August 11, 2018
A little-known reverse mortgage product lets older homebuyers use their equity to purchase a house. It could help older adults free up cash at a time in life when liquidity is especially important. Too bad no one's really heard of it.
Roostify appoints new chief financial officer | HousingWire
HousingWire | August 11, 2018
Tech100 winner Roostify follows through on its plans of expansion, appointing Eric Amblard as its new chief financial officer. Amblard brings with him more than a decade of board operating experience scaling B2B SaaS companies.
Housing stock age shows desperate need for new construction | HousingWire
HousingWire | August 10, 2018
Aging housing stock tells the tale of a construction industry that continues to fall behind in the number of new homes built each year. NAHB explained the aging trend is due primarily to the slight increases in residential construction over the past decade, and it’s giving rise to a new trend in t...
The rise of renter nation and why it's here to stay | HousingWire
HousingWire | August 10, 2018
Nationwide, the percentage has been growing for the last 10 years, and though homeownership has been making a small comeback lately, escalating rents and continually rising home prices are keeping many households on the lease life. And it looks like it's going to stay that way for a while.
Hey regulators, let’s fix the Community Reinvestment Act | HousingWire
HousingWire | August 10, 2018
The Community Reinvestment Act is important to provide fair access to credit and investment, and many financial institutions agree it’s an important tool in their business strategy. But current guidelines render it ineffective, and it’s time regulators institute much-needed change.
Front Yard Residential spending $500 million to boost single-family rental business | HousingWire
HousingWire | August 10, 2018
Front Yard Residential, the company formerly known as Altisource Residential, is planning a significant expansion of its single-family rental business and is forking over more than $500 million to do it. Here's the full breakdown of the company's next big move.
Home price appreciation shows first signs of slowing down | HousingWire
HousingWire | August 10, 2018
For the first time in almost four years, home prices have decreased for three consecutive months. While aggregate senior home equity has consistently risen in the last several years, will its growth taper off as appreciation slows?
Fisticuffs in Beverly Hills: Mom-and-pop multifamily vs. regulations | HousingWire
HousingWire | August 10, 2018
The Apartment Association of Greater Los Angeles filed a federal lawsuit against the City of Beverly Hills on behalf of apartment tenants and owners seeking relief from the city’s Rent Stabilization Ordinance. The crux of the case is what the plaintiffs feel is an unnecessary regulatory burden on ...
Are Lending Standards Propping Up Home Prices? | KeepingCurrentMatters
KeepingCurrentMatters | August 10, 2018
Back in 2005, Federal Reserve Chairman Alan Greenspan described the dramatic increases in residential real estate values as a “froth in housing markets.” Greenspan went on to say:
IRS 20% business deduction brings good news to real estate agents | HousingWire
HousingWire | August 10, 2018
The IRS and the U.S. Department of the Treasury issued proposed regulations this week for Section 199A of the Tax Cuts and Jobs Act which passed at the end of last year. NAR explains why this will help benefit real estate professionals across the U.S.
Zillow: America will have 23 more $1M housing markets by next year | HousingWire
HousingWire | August 10, 2018
Over the next year, the median value of a home will soar to $1 million or more in 23 more U.S. cities, providing further evidence of the worsening affordability of housing around the nation and a harbinger of how much worse it will get. Is it time to say goodbye to affordability?
Zillow bringing its direct homebuying program to Denver | HousingWire
HousingWire | August 09, 2018
For the second time in less than a month, Zillow is expanding its direct homebuying program. Last month, the online real estate giant announced that it is planning to bring its direct buyer program to Atlanta. Now, the company is expanding again, announcing Wednesday that it is also planning to begi...
The No. 1 U.S. market just got more affordable | HousingWire
HousingWire | August 09, 2018
Affordability continues to drop as home prices and interest rates rise and homebuyer demand grows. But in one market, the price for new homes just dropped, making it just a little more affordable for first-time homebuyers. Here’s why.
Lay it on me: Bad news abounds for potential homebuyers | HousingWire
HousingWire | August 09, 2018
Homebuyers desperately need some good news — a drop in interest rates, relief from climbing home prices or a significant wage increase, maybe all three — in order to turn the tide on falling mortgage applications.
Zillow makes big move into rental services | HousingWire
HousingWire | August 09, 2018
Zillow is at it again, aiming to take more ground in the rental market. This week, the online real estate giant rolled out new tools that allow renters to apply for multiple rentals with one application that includes a background check, eviction history, and a credit report. Plus renters can pay the...
Redfin doubling down on direct homebuying, plans expansion of Redfin Now | HousingWire
HousingWire | August 09, 2018
The race to see which company will become the truly dominant force in online real estate is heating up. Over the last few months, Zillow has been expanding its direct homebuying operations and now, Redfin is ready to expand its direct buying program as well.
Massachusetts approves short-term rental tax | HousingWire
HousingWire | August 09, 2018
Massachusetts' legislature just approved a bill to tax and register all short-term rental activity in the state. Nationally, the temperature is rising in the short-term rental industry as more and more entities seek to regulate its growth.