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Real Estate News

Zillow replaces CEO Spencer Rascoff with original CEO Rich Barton | HousingWire
HousingWire | February 21, 2019
In what can only be categorized as a shocking development, Zillow Group announced Thursday that Spencer Rascoff is stepping down as the company’s CEO, a position he’s held since 2010. Rascoff, who helped found Zillow, took over as CEO in 2010 for Rich Barton, who served as the company’s first ...
Rising construction costs are making multifamily developers a little queasy about the market | HousingWire
HousingWire | February 21, 2019
Rising construction costs contributed to multifamily developers’ confidence weakening further in the fourth quarter of 2018, according to the National Association of Home Builders. NAHB Multifamily Council Chairman Steve Lawson said: "Rising construction costs and difficulty with getting projects ...
Why Homeownership Matters Now More Than Ever | KeepingCurrentMatters
KeepingCurrentMatters | February 21, 2019
Study after study shows that no matter what generation American’s belong to, the vast majority believe that homeownership is an important part of their American Dream. The benefits of homeownership can be broken into two main categories: financial and non-financial (often referred to as emotional...
Rising Star nominations end today! | HousingWire
HousingWire | February 22, 2019
HousingWire's Rising Stars represent the best young leaders in the mortgage industry – in lending, servicing, investing and real estate. Nominate yours before it’s too late!
3 Tips for Making Your Dream of Buying A Home Come True [INFOGRAPHIC] | KeepingCurrentMatters
KeepingCurrentMatters | February 22, 2019
Some Highlights: Setting up an automatic savings plan that saves a small amount of every check is one of the best ways to save without thinking too much about it. Living within a budget right now will help you save money for down payments while also paying down other debts that might be holding y...
Redfin: Fewer Americans bought new homes in January | HousingWire
HousingWire | February 22, 2019
In January, new home sales fell 8% on an annual basis, declining the most in western housing markets, according to the latest data from Redfin. Redfin Chief Economist Daryl Fairweather said homebuyers understand that the market is shifting in their favor, which is dampening sales of new homes.
FHA significantly expands LIHTC financing program for multifamily properties | HousingWire
HousingWire | February 22, 2019
HUD announced this week that the FHA is expanding its low-income housing tax credit financing program for multifamily properties. Under the new expansion, FHA will begin to support “new construction and substantial rehabilitation” under its Section 221(d)(4) and Section 220 programs.
NAHB announces 2019 leadership | HousingWire
HousingWire | February 22, 2019
The National Association of Home Builders announced it elected four senior officials to lead the organization in 2019. The new leadership structure was announced this week during NAHB’s International Builders’ Show in Las Vegas.
Millennials have officially entered the housing market | HousingWire
HousingWire | February 22, 2019
It’s long been projected that Millennials are destined to dominate the housing market in upcoming years. Now, new data from Realtor.com shows that it's finally happening. Millennials are finally buying houses. Lots of them.
Goldman Sachs invests in construction finance tech startup Rabbet | HousingWire
HousingWire | February 22, 2019
Rabbet, a construction finance technology startup based in Austin, Texas, just raised $8 million in its Series A funding round, but that’s not the big story. The big story is one of the companies that participated in the funding round. Included among Rabbet’s new backers is Goldman Sachs, the Wa...
This is how the housing market has fared since the Great Recession | HousingWire
HousingWire | February 22, 2019
Ten years following the Great Recession, LendingTree has revealed new data that details how well the housing market has fared since 2008. Interestingly, the company's data reveals that employment rates and income growth are key factors in determining which metros have fully recovered. Find out which...
HUD picks former SDNY prosecutor Bart Schwartz to oversee New York public housing overhaul | HousingWire
HousingWire | February 22, 2019
Earlier this month, federal authorities moved to exert more control over the struggling New York City Housing Authority, which has been accused of repeatedly violating basic health and safety regulations. Part of the agreement involves the naming of a federal monitor who will be charged with oversee...
First Comes Love… Then Comes Mortgage? Couples Lead the Way | KeepingCurrentMatters
KeepingCurrentMatters | February 22, 2019
According to the National Association of REALTORS most recent Profile of Home Buyers & Sellers, married couples once again dominated the first-time homebuyer statistics in 2018 at 54% of all buyers. It is no surprise that buying a home is more attainable with two incomes to save for down pa...