Sales of new homes fell in October to an annualized rate of 733,000, according to the Census Bureau and the Department of Housing and Urban Development, but it still looks like 2019 is going to a vast improvement over 2018. According to the Census data, the October pace fell slightly
U.S. Bank announced this week that it is investing $4.8 million with the goal of advancing affordable housing. The investment comes from the bank’s Community Possible grants as well as corporate contributions. “We believe that every individual and family deserve access to safe, accessible and affordable homes,” said Tim Welsh,
When it comes to affordability, Millennials are willing to go the extra mile, literally. Nearly 90% of Millennial homebuyers told Redfin that they would choose a single-family home over an equally priced unit in a triplex with a shorter commute. “Even as we’ve seen a revival in many urban neighborhoods,
Although the nation’s potential existing-home sales experienced a monthly decline in October, data shows the rate improved from the previous year, according to First American’s Potential Home Sales Model. “In October 2019, the housing market exceeded its potential, as actual existing-home sales exceeded market potential by 4.6%, or an estimated 239,000
President Donald Trump has extolled negative interest rates on Twitter and in speeches, making clear he wants the Federal Reserve to slash its benchmark rate below zero, a policy it has never used before. Fed policymakers are unanimous in their distaste for the idea, judging from the minutes released on
Redfin is expanding its mortgage business into Massachusetts, Michigan and Wisconsin. With the expansion, Redfin Mortgage offers fixed- and adjustable-rate conforming mortgages as well as jumbo loans in 15 states and the District of Columbia. “We are redesigning the lending process to be fast, easy and intuitive for our customers,
Finance of America Reverse announced on Tuesday that the eligibility age for borrowers to take out a reverse mortgage is now 60 years old. The change from an eligibility age of 62 to 60 only applies to FAR’s proprietary offerings, including HomeSafe Standard, HomeSafe Flex, and HomeSafe Second. The lowered
Blackstone’s bet on the single-family rental market is now complete, as it was revealed this week that Blackstone is selling off its remaining shares in Invitation Homes for more than $1.7 billion. In the early part of this decade, Blackstone began pouring money into distressed residential real estate, spending billions
DocuSign Rooms for Mortgage is a secure, digital workspace for mortgage professionals to create and close loans. It’s designed with configurable workflows and permissions, keeping everyone involved on track while ensuring participants can only access the documents they need. For lenders, Rooms for Mortgage helps organize and retrieve required documents
Freddie Mac announced the sale of $22 million in non-performing residential first-lien loans via auction. The 87 loans were serviced by Specialized Loan Servicing, and transferred to VRMTG ACQ, a minority and woman-owned business. It was part of Freddie Mac’s Extended Timeline Pool Offering and is expected to settle in
Americans seem to be losing their wanderlust, according to migration data released by the Census on Wednesday. The share of people who moved in the 12 months through March fell to the lowest level on record, adding to the woes of a housing market plagued by supply shortages. Just 9.8%
It appears the phrase “don’t mess with Texas” does not apply to those in the residential building industry. A recent study by Apartmentguide.com revealed that, as of July this year, the Houston and Dallas-Fort Worth metros were the top two metropolitan areas in the nation in terms of issuing the
Meridian Listing Agent Kevin Harper Says Idaho Real Estate Market Stronger Than Many Expected
Lake & Town Realty Partners With Real Estate Portal Lakefront Living Realty LLC
Reseller Hosting Provider Launches White Label Webhosting Education Campaign For Freelancers
Ohio Investment Real Estate Broker Launches New Property Search Website
Zillow News Truth Delta: Opinion & Editorial