Real estate news

Real estate news

  • Goldman Sachs is going to hire more women
    by cbasile@housingwire.com on March 18, 2019 at 10:03 pm

    Goldman Sachs announced it is expanding its year-old program to add more diverse employees to the company worldwide, according to an article from CNBC. The big bank says that half of its new analysts and entry-level associates must be women. The bank also, for the first time, issued goals for it to meet in hiring blacks and Latinos. […]

  • Do home equity loans affect your credit score?
    by jguerin@housingwire.com on March 18, 2019 at 9:46 pm

    Despite record amounts of home equity, fewer homeowners are tapping into this source of wealth. While a number of factors contribute to this fact, could concerns about a home equity loan's effect on credit score play a role? To determine the impact a home equity loan could have on a borrower's credit profile, LendingTree analyzed data from 2,500 consumers to see how their credit scores changed in the months after they took out a loan, and the results may surprise you. […]

  • New York man admits to playing key role in massive multifamily real estate scandal
    by blane@housingwire.com on March 18, 2019 at 9:39 pm

    A New York man has admitted to taking part in a massive multifamily real estate scandal that harkens back to some of the darkest parts of the housing crisis, including fake residents, fake incomes, and inflated mortgages. The charges stem from an investigation that the Wall Street Journal previously called “one of the biggest mortgage-fraud probes since the financial crisis.&rdquo […]

  • Small-dollar mortgages are not as risky as most lenders think
    by jguerin@housingwire.com on March 18, 2019 at 9:09 pm

    The purchase of a single-family home worth $70,000 or less is rarely financed by a mortgage, and while there are a number of reasons why, one major factor is their perceived risk. A recent analysis by the Urban Institute examined the risk associated with small-dollar mortgages, determining that the perceived risk was "not correct or fair." And, because many lenders shy away from offering financing on lower-valued properties, researchers said many creditworthy Americans are shut out of […]

  • Fewer Americans are filing for foreclosures
    on March 18, 2019 at 8:16 pm

    There was a moderate drop in foreclosures in February, according to ATTOM Data Solutions' latest Foreclosure Market Report. According to ATTOM's analysis, there was a 3% decline from the previous month and an 11% year-over-year decrease from 2018. […]

  • PwC reaches $335 million settlement with FDIC over Taylor, Bean & Whitaker/Colonial Bank audits
    by blane@housingwire.com on March 18, 2019 at 7:57 pm

    PricewaterhouseCoopers will pay $335 million to the Federal Deposit Insurance Corp. in a settlement that ends claims that the auditor failed in its duties by not discovering the accounting malfeasance that led to the late-2000s collapse of Colonial Bank, which funded the mortgages originated by Taylor, Bean & Whitaker. […]

  • Nationwide Mortgage Bankers appoints new EVP of sales
    on March 18, 2019 at 5:51 pm

    Nationwide Mortgage Bankers recently announced the appointment of Robert Jayne as the company’s new executive vice president of sales. Nationwide Mortgage Bankers Founder Richard Steinberg said Jayne is an all-around great leader and mortgage visionary. […]

  • This housing market clue predicts pending economic slowdown
    by jguerin@housingwire.com on March 18, 2019 at 5:49 pm

    When it comes to the health of the economy, the housing market is the canary in the coal mine, providing clear and early clues of pending trouble. And that's why analysts track its performance intently, looking at a multitude of indicators that might signal the looming recession some are forecasting. Now, one critical clue from the housing market has emerged to suggest economic growth is likely to backslide, leaving analysts to conclude an "economic slowdown is likely forthcoming." […]

  • These are the best counties to buy single-family rentals
    on March 18, 2019 at 5:00 pm

    Single-family rental purchases inched forward in the first quarter of 2019, according to ATTOM Data Solutions' latest Single-Family Rental Market report. ATTOM Data Solutions Chief Product Officer Todd Teta said buying single-family homes to rent them out is a better deal for investors in 2019 than housing was during the same time in 2018. […]

  • Sale of the Week: The condo that shows what $1 million gets you on the Ossington strip
    by Jonathan Forani on March 18, 2019 at 3:30 pm

    See inside a once-controversial condo building on Ossington Avenu […]

  • Airbnb suffers major loss in fight for Santa Monica rentals
    on March 18, 2019 at 2:46 pm

    Cities continue to tighten their grip around Airbnb and other short-term rental sights, and Santa Monica, California, is no different. In the latest loss, Airbnb and HomeAway will be liable for illicit rentals on their sites, and will be required to remove them in the city with some of the most stringent short-term rental laws. […]

  • Canadian Real Estate Prices Go Negative For The First Time Since 2009
    by Kaitlin Last on March 18, 2019 at 2:09 pm

    Canadian real estate markets are heading into the busy season with negative price growth. Canadian Real Estate Association (CREA) numbers show an annual decline for the price of a benchmark home in February. The decline for the benchmark is the first since 2009, and the first for the index outside of recession. Canadian Real Estate […] The post Canadian Real Estate Prices Go Negative For The First Time Since 2009 appeared first on Better Dwelling. […]

  • Homebuilder confidence stabilizes, hinting at solid spring home buying season
    on March 18, 2019 at 2:06 pm

    Despite affordability and labor concerns, homebuilder confidence held steady at 62 points in March, according to the National Association of Home Builders/Wells Fargo Housing Market Index. In fact, NAHB Chairman Greg Ugalde said builders anticipate a solid spring home buying season. […]

  • Bill Aims to Improve Military Housing Under Pressing Calls
    on March 18, 2019 at 5:00 am

    The growing complaints over the condition of privatized housing for U.S. military members have prompted lawmakers to respond. […]

  • Getting a Mortgage Becomes Easier for the Self-Employed
    on March 18, 2019 at 5:00 am

    Freddie Mac and Fannie Mae have recently made changes to an automated system that could help more self-employed individuals qualify for a mortgage. […]

  • Remodeling Becomes Bigger Issue Up Against Aging Housing Stock
    on March 18, 2019 at 5:00 am

    An uptick in home prices and an aging population are behind increased spending on home improvement and repairs. […]

  • 5 Tips for Decorating the Living Room
    on March 18, 2019 at 5:00 am

    There’s an art to decorating a welcoming living room. Try these tips to make the most of the space. […]

  • The Best Week to List a Home Is Quickly Approaching
    on March 18, 2019 at 5:00 am

    If you time your new listings for the week most buyers start looking, you can hope for quicker sales going into the season. […]

  • New-Home Sales Are Skewing to Lower Price Points
    on March 18, 2019 at 5:00 am

    Home builders are lowering their prices to appeal to more home shoppers. […]

  • This Week’s Top Stories: Canadian Real Estate Sales and Prices Make Big Drops, While Developer...
    by Better Dwelling on March 17, 2019 at 1:55 pm

    Time for your weekly cheat sheet on this week’s most important stories. Canadian Real Estate Canadian Real Estate Sales Print Worst February Since Before The Great Recession Canadian real estate sales are slowing dramatically from last year. CREA reported 29,974 sales in February, up 25% from the month before. This represents a 4.41% decline compared […] The post This Week’s Top Stories: Canadian Real Estate Sales and Prices Make Big Drops, While Developer Debt Hits An […]

  • Pamela Hughes Patenaude lands at disaster management firm IEM
    by jguerin@housingwire.com on March 15, 2019 at 10:01 pm

    Pamela Hughes Patenaude, former deputy secretary of the Department of Housing and Urban Development, has joined global homeland security and disaster management consulting firm IEM. Patenaude – who resigned from HUD in December after 35 years in the housing sector – will assume a new role as senior community liaison for the tech-forward consulting firm. […]

  • New bill aims to implement safeguards for military housing
    on March 15, 2019 at 9:36 pm

    A recent survey conducted by the Military Family Advisory Network revealed that more than 50% of military respondents claimed to have a negative experience with privatized housing. But a new bill aims to hold housing officials accountable. […]

  • HELOC borrowers increasingly likely to shop for alternative funding
    by jguerin@housingwire.com on March 15, 2019 at 8:55 pm

    HELOC volume has been limp in the last year despite rising equity levels thanks to rising interest rates and new tax laws, and now HELOC providers are facing increased competition from alternative lenders. A recent survey by J.D. Power revealed that homeowners are researching their options, looking into alternative funding sources before selecting a HELOC. […]

  • Prominent Realtor Leigh Brown is now running for Congress
    by cbasile@housingwire.com on March 15, 2019 at 8:11 pm

    Realtor, CEO and author Leigh Brown announced Friday she is running for Congress in North Carolina's 9th Congressional District. Brown, who is also a motivational speaker, announced via Facebook Live that she is entering the Republican primary race in the district's upcoming special election and housing is at the top of her agenda. […]

  • Northstar welcomes new director of development
    on March 15, 2019 at 8:04 pm

    NorthStar Commercial Partners recently announced the appointment of Brian Dietz as the company's new director of development. Northstar Commercial Partners Founder and CEO Brian Watson said Dietz's extensive experience in commercial real estate development will help drive the organization's continued growth in the U.S. market. […]

  • Don't wait — only 90 days until engage.marketing
    by swheeler@housingwire.com on March 15, 2019 at 8:02 pm

    We have only 90 days until we kick off our second annual engage.marketing event in Charlotte, North Carolina, on June 13-14. We’ve been hard at work developing an agenda that will help mortgage originators Play to Win in this purchase market. We've got a Personal Branding Super Session, a chance to hear top producers talk about what they really need from marketing, what's working in content marketing right now, and so much more! […]

  • Older homeowners are driving the home improvement market
    by jguerin@housingwire.com on March 15, 2019 at 7:53 pm

    Armed with record amounts of home equity and an expressed desire to remain in their homes as they age, older homeowners are driving the home improvement market. A recent study by the Joint Center for Housing Studies at Harvard University revealed that households 55 and older account for half of all current home improvement spending. And, as Baby Boomers reach their 70s and 80s, researchers say their investments in home modifications to enhance accessibility will soar. […]

  • Rent control back on the table in California
    by cbasile@housingwire.com on March 15, 2019 at 5:32 pm

    The fight for rent control in the state of California is, seemingly, far from over. Months after the state's voters wholeheartedly defeated a rent control initiative in last November's election, the issue of expanding rent control in California has returned to the state's legislature this week after a group of Democratic lawmakers unveiled a series of bills designed to tackle the issue another way. […]

  • Hey Californians, your housing market is likely to cool off come 2020
    on March 15, 2019 at 5:27 pm

    It's no secret that California's economy is large – so large that its $2.7 trillion financial system ranks fifth in the world, championing the United States' national economy. But as the U.S. continues to grapple with an oncoming economic slowdown, the UCLA Anderson Forecast is showing several economic factors that might weaken California's booming housing market within the next year. […]

  • Reverse Mortgage Funding reduces fees, broadens broker access to proprietary reverse mortgage
    by jguerin@housingwire.com on March 15, 2019 at 5:17 pm

    New York-based Reverse Mortgage Funding jumped on the proprietary reverse mortgage train in May, becoming the third lender to offer a non-agency, jumbo reverse mortgage with the launch of its Equity Elite product. Now, less than a year later, the lender announced it is cutting the cost of its offering and making it available to a larger pool of brokers by appearing on ReverseVision's LOS. […]

  • Here's the tech you need for a proactive customer retention strategy
    by swheeler@housingwire.com on March 15, 2019 at 4:50 pm

    With Quantarium, servicers can leverage automated vigilance to see market activity on any loan in their portfolio, giving them the ability to contact borrowers with new offers. They can also gain insight into a borrower’s current status — such as whether they have paid off a loan and still live in the house, sold the property or refinanced with another lender. Additionally, Quantarium’s best-in-class portfolio services can identify borrowers who are likely to list their […]

  • Is San Francisco the world's most expensive rental market?
    by cbasile@housingwire.com on March 15, 2019 at 4:10 pm

    We all know housing is crazy expensive in California, but is San Francisco the most expensive place to rent in the world? According to apartment search site Zumper, it is. Read on to see just how expensive the West Coast market is compared with the rest of the world. […]

  • Canadian Real Estate Sales Print Worst February Since Before The Great Recession
    by Better Dwelling on March 15, 2019 at 3:09 pm

    There were a lot less Canadian real estate buyers than normal last month. Canadian Real Estate Association (CREA) numbers show a drop in sales for February. The decline makes it one of the slowest Februaries for real estate sales in over a decade. Canadian Real Estate Sales Print Worst February In Over 12 Years Canadian […] The post Canadian Real Estate Sales Print Worst February Since Before The Great Recession appeared first on Better Dwelling. […]