Real Estate Broker/Agency News

Home prices increase in 75% of Opportunity Zones

A recent report from ATTOM Data Solutions found that median home prices increased in 75% of the country’s “Opportunity Zones” — economically distressed communities that may qualify for tax deferment — year over year in the first quarter of 2021. In two-thirds of all Opportunity Zones, prices rose at least

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Jake Fehling to speak at engage.marketing June 17

As the mortgage market swings back to purchase, lenders are looking at ways to welcome new customers, clients and colleagues as they expand their reach. That’s why we’ve invited Movement Mortgage‘s vice president of marketing Jake Fehling to speak about marketing to reach a diverse audience at engage.marketing on June 17. Prior to his

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Home shoppers aren’t the only ones using Zillow

During the early stages of the pandemic, people flocked to Zillow as a way to pass the time in isolation. Makes sense, right? The housing market surged when COVID-19 began, so it’s reasonable to think Zillow-users were looking for their dream home. But not all of them. A majority of

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RamQuest integrates with SearchCONNECT

Texas-based technology company RamQuest announced its title and closing digital network — called “Closing Market” — has integrated with SearchCONNECT, an affiliate of Investors Title and National Investors Title Insurance Company, which provides search solutions in Florida, Georgia, South Carolina, Tennessee and Virginia. The new integration will enable customers to

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Federal CRA requirement on IMBs is not necessary

Federal Reserve Chairman Jerome Powell recently announced his support to extend the Community Reinvestment Act (CRA) to nonbanks.  The Community Home Lenders Association can’t speak for other nonbank sectors — but applying CRA to independent mortgage bankers seems like a solution in search of a problem. The Urban Institute regularly

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Is housing market demand starting to weaken?

Nearly 50% of homes sold for more than their list price during the four weeks ending May 16, but there are signs that housing market demand may be reaching its peak, according to a recent study from Redfin. Pending sales for the seven-day period ending May 16 were down 10%

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Existing home sales fall for third month in April

April’s existing home sales painted a familiar picture of a market still grappling with low supply as sales dropped for the third month in a row, down 2.7% from March to 5.85 million, the National Association of Realtors reported on Friday. Despite the decline, housing demand is still strong compared

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