The U.S.-Mexico-Canada Agreement passed by the House of Representatives will help to ease the nation’s housing shortage by stabilizing the prices of materials used in construction, according to the National Association of Home Builders. The new trade pact was approved on Dec. 19 with a 385 to 41 bipartisan vote.
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This year saw a shortage of housing inventory among other shortages in the construction industry, but it appears homebuilders are beginning to move towards utilizing new technology to address these issues. According to the National Association of Home Builders, 3D printing and robots have entered the housing construction market, but
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I think it’s safe to say that literally every real estate agent or mortgage pro has posted something in the last week or so along the lines of “2020 is going to be my best year ever.” Right? Come on now, we all do it. It’s healthy to publicly set
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Housing Headlines takes a look at the latest news in housing, real estate, fintech, and beyond; featuring new product updates, launches, expansions, integrations, announcements, and more. Finance of America Reverse, a reverse mortgage originator, announced it has made enhancements to its suite of HomeSafe products. The enhancements bring a level
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As 2019 draws to a close, it’s a great opportunity to take stock of the year you’ve had and set your goals for 2020. Want to strengthen your relationships, expand your referral network and get paid faster? As a real estate professional, you can set yourself up for success in
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It’s been clear for quite some time that there’s a serious shortage of available housing on the market. In fact, the most recent data suggests that inventory is 30-40% lower than it would be in a healthy housing market. And that shortage of houses available for sale is leading to
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The average annual U.S. salary for full-time workers rose to a record high of $69,181 in November, according to the Federal Reserve Bank of New York. That’s up 3.4% from the from $66,012 a year earlier, according to the bank’s Labor Market Survey. Income gains are picking up steam in
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If there is any lesson lenders should take away from 2019, it’s how quickly the mortgage market can shift. Instead of the low volume and compressed margins predicted for this year, lenders have scrambled to keep up with a refi boom sparked by low interest rates. The lenders taking the
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CrediFi, a commercial real estate data and analytics provider that had raised nearly $30 million in funding over the last five years, is reportedly shutting down, according to The Real Deal. The Real Deal reported this week that CrediFi, which was founded in 2014 and raised $6 million earlier this
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The U.S. economy is on track for 1.8% growth in 2020, according to the economists at Securities Industry and Financial Markets Association, a trade group representing Wall Street securities firms, banks and asset management companies. For 2019, the final GDP number probably will come in at 2.2%, according to the
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Both home prices and rents continued to increase as the year reached an end, but one of those two is increasing faster than the other. Home values in the U.S. grew to $243,225 in November, which was the smallest annual growth since January 2013, according to Zillow. Annual home value
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For companies in mortgage, the importance of hiring top digital talent has grown exponentially over the last decade. Unfortunately, so has the competition. Job postings for emerging tech roles increased 74% in 2018 compared to 2017, and 11 states saw increases of 100% or more. That’s one reason the unemployment
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