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Real Estate News

U.S. takes 4th place in renter population growth | HousingWire
HousingWire | February 19, 2018
The U.S. isn’t the only nation that’s seen an increase in renters and decrease in homeownership over a period of five years from 2010 to 2015. In fact, one country even saw a switch from a homeowner dominated population to a renter population during that time period.
Four Californians accused of running mortgage fraud scheme that targeted minorities | HousingWire
HousingWire | February 19, 2018
Four Californians face a total of 194 charges for allegedly operating a mortgage fraud scheme that preyed on distressed minority borrowers who were seeking help with paying off their mortgages. According to the indictment, between 2012 and 2017, they used a fake insurance company called SafeCare, claiming to offer mortgage aid to primarily minority families for a low monthly fee.
Singapore's budget was geared to progressive outcomes | CNBC
CNBC | February 19, 2018
Singapore aims for more progressive spending plans, but a higher goods and services tax could be seen as regressive, says Vishnu Varathan of Mizuho Bank.
Top 5 Reasons to Hire a Real Estate Professional When Buying or Selling! | KeepingCurrentMatters
KeepingCurrentMatters | February 19, 2018
Whether you are buying or selling a home it can be quite the adventure, which is why you need an experienced real estate professional to guide you on the path to achieving your ultimate goal. But in this world of instant gratification and internet searches, many sellers think that they can ‘For Sale by Owner’ or ‘FSBO.’
New home construction sets strong pace for 2018 | HousingWire
HousingWire | February 16, 2018
Housing starts increased in January, starting 2018 off at a strong pace; however, it is unclear if that pace will continue. While some experts are predicting a booming year for housing starts, others say January’s pace could have been better.
Mortgage rates rising | CNBC
CNBC | February 16, 2018
CNBC reporter Diana Olick has answers on what higher interest rates could mean for the housing market.
Rising rents causing major affordability issues | CNBC
CNBC | February 16, 2018
CNBC's Diana Olick reports on the affordability issues in the rental markets.
Rates climb with fewer houses on the market | CNBC
CNBC | February 16, 2018
Mike Fratantoni, Chief Economist for the Mortgage Bankers Association, gives his take on low inventory and growing rates in the housing market.
Do you make enough to buy a home in America’s most expensive cities? | HousingWire
HousingWire | February 16, 2018
As home prices rise across the U.S., and wage increases fail to keep up, affordability continues to slip. Using data from the National Association of Realtors, here are the top seven most expensive cities in the U.S., and how much homebuyers need to earn in annual income to afford to buy a home.
Housing starts rebound as building permits rise to the highest level since 2007 | CNBC
CNBC | February 16, 2018
U.S. homebuilding increased to more than a one-year high in January, boosted by a rebound in the construction of single-family housing units.
Quicken Loans CEO on housing market concerns | CNBC
CNBC | February 16, 2018
Jay Farner, Quicken Loans CEO, discusses where he sees the biggest risks to housing as interest rates rise ahead of the spring buying season. Seventy-percent of people reaching out to us are first time homebuyers, says Farner.
Major apartment developer: 'There is an acute crisis headed our way' | CNBC
CNBC | February 16, 2018
Concerns mount over an overbuilt luxury market and a shortage of affordable rental housing.
ATTOM Data Solutions acquires Onboard Informatics | HousingWire
HousingWire | February 15, 2018
Data provider ATTOM Data Solutions has acquired Onboard Informatics, a neighborhood data and data-enabled turnkey product provider. Onboard’s neighborhood-focused data will be integrated into ATTOM’s Data Warehouse and the new, combined data will be available through ATTOM’s delivery solutions, including its bulk file licenses, APIs and customized reports.
Homebuilder sentiment unchanged in February | CNBC
CNBC | February 15, 2018
CNBC's Diana Olick reports the latest read on homebuilder sentiment form the National Association of Home Builders.
Never, ever purchase these things on your credit card | CNBC
CNBC | February 15, 2018
It's easy to pay for nearly anything with credit cards but here are six expenses to never pay for with plastic.
Wynn Resorts' $5 billion problem | CNBC
CNBC | February 15, 2018
Japanese pachinko king Kazuo Okada's lawsuit could add to the company's woes.
Builder confidence in future sales expectations reaches post-recession high | HousingWire
HousingWire | February 15, 2018
Builder confidence remained high in February, and their confidence in future sales expectations even reached a post-recession high. NAHB explained builders are excited about the pro-business political climate that will strengthen the housing market and support overall economic growth.
Calm Down! The Real Estate Market is NOT Falling Apart | KeepingCurrentMatters
KeepingCurrentMatters | February 15, 2018
There has been tremendous volatility in certain markets over the last few weeks (for example, the stock and currency markets). When this happens, some tend to lump all of their investments together and create an almost ‘Armageddon’ scenario where everything loses value quickly and dramatically. Real estate is an investment that can get caught up in this hysteria. Does the concern about the current housing market have merit?
Fair housing groups go head-to-head with Trump’s budget proposal | HousingWire
HousingWire | February 14, 2018
"Housing benefits are under attack," or so says the National Low Income Housing Coalition as it calls on Congress to reject President Donald Trump’s 2019 budget proposal. The NLIHC says the budget slashes federal housing benefits that help millions of low income seniors, people with disabilities, families with children, low-wage workers, veterans and other vulnerable people afford their homes.
Blackstone shuffles leadership, names Jon Gray president and COO | HousingWire
HousingWire | February 14, 2018
Blackstone announced Tuesday that President and Chief Operating Officer Tony James will be handing over daily management of the firm to Jon Gray, global head of real estate. Taking over Gray's old job is Ken Caplan and Kathleen McCarthy, who will serve as global co-heads of the firm's real estate business.
Which Comes First… Marriage or Mortgage? | KeepingCurrentMatters
KeepingCurrentMatters | February 14, 2018
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 2017 at 57% of all buyers.
Total mortgage apps down 4.1% for the week | CNBC
CNBC | February 14, 2018
CNBC's Diana Olick breaks down the latest data on housing as interest rates creep higher.
South Koreans are set to earn millions from renting out their homes during the Winter Olympics | CNBC
CNBC | February 14, 2018
Airbnb said hosts in South Korea's Gangwon province were predicted to earn $2.1 million during the Winter Olympics.
Stock jitters and higher interest rates drive weekly mortgage applications down 4.1% | CNBC
CNBC | February 14, 2018
Buying a home is emotional enough. Add a 1,000-plus point drop in the stock market and buyers really start to sweat.
Real estate demand in Asia benefits from the global recovery | CNBC
CNBC | February 13, 2018
The global economic recovery has boosted real estate investment prospects in Asia, says Priyaranjan Kumar of Cushman & Wakefield.
Nearly two-thirds of U.S. housing markets see home prices hit all-time high | HousingWire
HousingWire | February 13, 2018
The National Association of Realtors reported as housing inventory sank to its all-time low during the fourth quarter, home prices increased, creating all-new highs in many U.S. markets. A majority of the country saw an upswing in buyer interest at the end of last year, which ultimately put even more strain on inventory levels and prices.
Real estate technology company Homesnap secures $14 million in funding | HousingWire
HousingWire | February 13, 2018
Homesnap, a real estate technology company that provides a mobile productivity app and marketing platform for real estate brokers, agents and clients, announced this week that it plans to grow its offerings thanks to $14 million in new funding. The new investment brings the total capital raised by Homesnap to more than $32 million.
Low Inventory Pushes Home Prices Higher | KeepingCurrentMatters
KeepingCurrentMatters | February 13, 2018
According to CoreLogic’s latest Home Price Index, prices appreciated by 6.9% year-over-year from December 2016 to December 2017 on a national level. This marks the fifth month in a row with at least a 6.9% increase.
3 Trump properties posted 144 openings for seasonal jobs. Only one went to a US worker. | CNBC
CNBC | February 13, 2018
Trump properties in New York and Florida offered 144 seasonal positions from 2016 to 2017 but only one went to a US worker, reports Vox.
Wells Fargo sends 38,000 erroneous letters in auto flub | CNBC
CNBC | February 12, 2018
Wells Fargo has made missteps in its efforts to make amends to customers who were forced to buy unneeded auto insurance.
Here's what a 5 percent mortgage rate would mean to buyers | CNBC
CNBC | February 12, 2018
Some buyers would slow or quit their home search if mortgage rates hit 5 percent.
Trump’s proposed 2019 budget gives HUD’s funding a boost | HousingWire
HousingWire | February 12, 2018
President Donald Trump announced today his proposal for the fiscal year 2019 budget, which would allot for a slight bump in funding for the U.S. Department of Housing and Urban Development. Under the new proposal, the administration focuses on several key initiatives, including ending homelessness.
Mortgage rates reach highest levels in four years | CNBC
CNBC | February 12, 2018
CNBC’s Diana Olick reports on mortgage rates rising into the tough spring housing market.
Lennar completes CalAtlantic merger | HousingWire
HousingWire | February 12, 2018
Lennar has completed its previously announced merger with CalAtlantic, creating the nation’s largest homebuilder. Lennar will now own or control approximately 250,000 home sites and be actively selling homes in 1,300 residential communities in 21 states.
Here's how a 5% mortgage rate affect prospective homebuyers | CNBC
CNBC | February 12, 2018
A 5 percent rate would cause more than a quarter of today's homebuyers to slow their plans and housing affordability is starting to take a hit.
The #1 Reason to Sell Now Before Spring | KeepingCurrentMatters
KeepingCurrentMatters | February 12, 2018
The price of any item (including residential real estate) is determined by ‘supply and demand.’ If many people are looking to buy an item and the supply of that item is limited, the price of that item increases.
Detroit suddenly reverses ban on Airbnb hosts | HousingWire
HousingWire | February 09, 2018
Just a few days after the city of Detroit started handing out cease and desist orders to some of its downtown Airbnb hosts, the city council voted to lift the ban. After going into effect Tuesday, it appears many of the city’s officials were caught off guard by the change, which was hidden as one sentence in a 200-page update to the city’s zoning code.
Real estate is seen as a hedge against inflation | CNBC
CNBC | February 09, 2018
Allocations into real estate are still strong even with higher interest rates expected as income from properties should also rise, says Stuart Crow of JLL.
Here’s an inside look at the Olympic Villages | CNBC
CNBC | February 09, 2018
Athletes from more than 90 countries will live here during the 2018 Winter Olympics
Altisource Residential changing its name to Front Yard Residential | HousingWire
HousingWire | February 09, 2018
Altisource Residential, apparently tired of being confused with Altisource Portfolio Solutions and Altisource Asset Management, announced Friday that it plans to change its name to Front Yard Residential. According to the company, the name change will take effect on Feb. 21, 2018.
Real estate team closes third Bitcoin-only transaction in Florida | HousingWire
HousingWire | February 09, 2018
The Keyes Company’s Elizabeth Perez Team completed a Bitcoin-only sale of a Miami townhouse on Wednesday. Manuel Perez of the Coral Gables, Fla.-based realty team closed the sale for 41.35 Bitcoin, or $338,878, at the time of sale.
Middle East real estate tycoon warns of a rocky 2019 — but says region is ripe for investment | CNBC
CNBC | February 08, 2018
A mogul of Middle East real estate development, Emaar Properties Chairman Mohamed Alabbar, said that the region has plenty of development opportunities despite geopolitical tensions.
Detroit cracks down on Airbnb rentals | HousingWire
HousingWire | February 08, 2018
The city of Detroit, Michigan, recently voted to ban Airbnb in some of the city’s zones and is now sending out cease and desist letters. A new update went into effect Tuesday making it illegal for property owners in the city's R1 and R2 zones to rent out rooms in a home or apartment.
Middle East real estate mogul urges caution over balance sheets in 2019 | CNBC
CNBC | February 08, 2018
"We are still missing infrastructure in the Middle East," says Emaar Properties founder Mohamed Alabbar.
Homeownership: “The Reports of My Death Have Been Greatly Exaggerated” | KeepingCurrentMatters
KeepingCurrentMatters | February 08, 2018
The famous quote by Mark Twain in the title of this article can be used to describe homeownership in America today. Last week, the Census revealed that the percentage of homeowners in the country increased for the first time in thirteen years.
BOE not as obsessed with UK house prices as general public: Panmure Gordon | CNBC
CNBC | February 08, 2018
Panmure Gordon Chief Economist Simon French and Elsa Lignos, global head of FX strategy at RBC Capital Markets, discuss the U.K. property market.
loanDepot taps former Keller Williams CEO Chris Heller to lead mello Home | HousingWire
HousingWire | February 07, 2018
In January, loanDepot revealed its ambitions to expand beyond lending and into facilitating the entire real estate transaction through a new service called mello Home. On Wednesday, the company announced it has hired former Keller Williams CEO Chris Heller to lead that initiative.
Americans gain confidence in housing as home prices rise | HousingWire
HousingWire | February 07, 2018
Fannie Mae’s latest survey shows Americans continue to gain confidence in the housing market, not just despite, but even because of rising home prices. Over the past year, home prices have continued to rise, threatening affordability, and housing inventory is falling dangerously low. However, despite these setbacks, Americans continue to hold a positive view of the housing economy.
NAR: Renters say they want to own a home | HousingWire
HousingWire | February 07, 2018
About 75% of current non-homeowners say they would like to own a home one day, and consider it as part of the American Dream. However, the reasons why they want to buy a home, or more specifically, one major reason that isn’t a factor in their decision, might come as a surprise.
Where Are Mortgage Interest Rates Headed in 2018? | KeepingCurrentMatters
KeepingCurrentMatters | February 07, 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.