Real estate news

Real estate news

  • VA picks Veros to provide appraisal management services for VA loans
    by blane@housingwire.com on September 20, 2019 at 9:31 pm

    Veros Real Estate Solutions already plays a big role in loans backed by the FHA, Fannie Mae, and Freddie Mac, and now, the company will be deeply involved in VA loans as well. That's because the VA has awarded its Appraisal Management Services contract to Veros. Through the contract, Veros will provide appraisal solutions as part of VA Home Loan Guaranty program.

  • Airbnb invests $25 million in Bay Area affordable housing
    on September 20, 2019 at 9:08 pm

    The soaring home prices in the Bay Area have caught the attention of many companies, and several have set out to do something about it. That now includes Airbnb. Earlier this week, the company announced a new community impact investing program that will invest $25 million in projects supporting affordable homeownership, small businesses and the construction and preservation of affordable rental housing in the San Francisco Bay Area and Los Angeles County.&nbs

  • Compass opens West Coast tech hub 2 blocks from Amazon’s headquarters
    by kkhowley@housingwire.com on September 20, 2019 at 6:45 pm

    Compass, a real estate brokerage and tech company, opened an office in Seattle that’s two blocks from Amazon’s headquarters and a mile from Zillow’s main offices. New York-based Compass now has three floors of the new building at 503 Westlake Avenue that will eventually house over 100 engineers and 70 operations staff.

  • Mayopoulos: Treasury’s housing finance plan could prevent disruption in housing market
    by kkhowley@housingwire.com on September 20, 2019 at 6:03 pm

    Tim Mayopoulos, the former CEO of Fannie Mae who now is president of Blend, said the Trump administration’s housing finance plan builds on past efforts to reform Fannie Mae and Freddie Mac and has the prospect of freeing the mortgage giants from government control while avoiding disruption in the housing market.

  • Ellie Mae: Low interest rate environment sends refinance activity soaring in August
    on September 20, 2019 at 5:37 pm

    Ellie Mae’s latest Origination Insight report shows that for August, the 30-year note rate dropped for the eighth consecutive month, spurring an increase in the percentage of refinances. According to the report, refinances accounted for 43% of loans during August. Ellie Mae President and CEO Jonathan Corr said the company is seeing more and more homeowners capitalize on the refinance opportunity.

  • Zillow partners with homebuilders to marry iBuying and newly built home buying
    by blane@housingwire.com on September 20, 2019 at 5:20 pm

    Homeowners who want to sell their existing home and buy a newly built home can now do so all in one transaction and wait as long as eight months to move out, thanks to a partnership between Zillow and nearly a dozen homebuilders.

  • NAHB to Congress: Let's work together to increase energy efficiency in homes
    on September 20, 2019 at 4:57 pm

    As climate talks are heating up, the National Association of Home Builders told Congress on Thursday that it wants to partner with officials at all levels of the government to encourage energy efficient homebuilding, but does not want that to exacerbate the affordability problems that already exist.

  • RE/MAX: U.S. housing market experiences largest inventory decline since last year
    on September 20, 2019 at 4:21 pm

    In August, America’s home sales slid 1.6%, marking the sixth month of 2019 that produced fewer sales than the previous year. Additionally, buyer demand outpaced homes listed for sale in August, causing the largest inventory decline in 13 months, according to the RE/MAX National Housing Report. RE/MAX CEO Adam Contos said the modest inventory growth that started last fall has been swallowed up by demand as buyers have returned to the market, likely spurred on by attractive interest rates.

  • Condo of the Week: $2.48 million for a rare family-sized downtown suite
    by Glyn Bowerman on September 20, 2019 at 3:07 pm

    At 2,260 square feet, you could even squeeze in a couple pets The post Condo of the Week: $2.48 million for a rare family-sized downtown suite appeared first on Toronto Life.

  • Canadian Real Estate Prices Reach A New All-Time High Ahead of Government Cash
    by Daniel Wong on September 20, 2019 at 2:17 pm

    Canadian real estate price growth is accelerating ahead of the government’s helicopter cash. Teranet – National Bank of Canada House Price Index (TNC HPI) shows prices reached a new all-time high in August. The sudden acceleration of price growth came largely from smaller markets. Most cities saw price growth last month, with Vancouver being a […] The post Canadian Real Estate Prices Reach A New All-Time High Ahead of Government Cash appeared first on Better Dwelling.

  • Cities Look to Uber, Lyft to Support Affordable Housing
    on September 20, 2019 at 5:00 am

    Seattle is one metro pondering a new tax on ride sharing to generate revenue that would help expand housing options.

  • Hot Investment Markets to Watch in 2020
    on September 20, 2019 at 5:00 am

    Where can your investors find the best deals next year? Find out in the Urban Land Institute’s latest report on emerging real estate trends.

  • Mortgage Rates Post Biggest Jump in Nearly a Year
    on September 20, 2019 at 5:00 am

    Why your buyers shouldn’t panic.

  • ‘Black Friday’ for Home Buying Is Near
    on September 20, 2019 at 5:00 am

    The week of Sept. 22, which marks the beginning of fall, is the best time of year to buy a home, according to a new realtor.com® analysis.

  • Expert: Growing multifamily sector could demand new debt sources
    on September 20, 2019 at 4:59 am

    As multifamily continues to grow, one expert explained new debt sources could soon be required to match the demand. Lower rates, together with strong fundamentals, produce increased demand for debt. If we remain on our current course, the debt market will be bigger in 2020.

  • How anchor companies are tackling affordable housing issues in their communities
    on September 19, 2019 at 9:38 pm

    Some companies aren’t waiting for policy changes regarding affordable housing. Instead, there is a growing movement within larger companies to support the communities they are based in, specifically pertaining to affordable housing. This was made especially apparent at “Unlocking the Market: Big Ideas for Local Housing Challenges,” an event held by Urban Institute and Fannie Mae this week.

  • Here are the 2020 presidential candidates' plans for affordable housing
    on September 19, 2019 at 9:07 pm

    As the 2020 presidential election heats up, the numerous candidates are tackling the issues at hand, and while it may seem like affordable housing and housing in general have been on the back burner for most candidates so far, that doesn't mean that they've all been silent about housing to this point. Here are the proposed affordable housing fixes from each candidate so far.

  • Here are the nation’s top real estate markets for 2020
    by kkhowley@housingwire.com on September 19, 2019 at 8:28 pm

    The Urban Land Institute’s Emerging Trends in Real Estate report, an annual look at the year ahead, cited Austin, Texas, as the top U.S. real estate market for 2020. There was one northeast city in the top 10, one in the Pacific Northwest, and one in southern California.

  • Burgeoning real estate giant Pretium buys Deephaven Mortgage from Värde Partners
    by blane@housingwire.com on September 19, 2019 at 7:42 pm

    Pretium, an investment management firm that already owns one of the nation’s largest single-family rental operators and buys non-performing loans from Fannie Mae and Freddie Mac by the truckload, is now in the non-QM lending business after acquiring Deephaven Mortgage.

  • DocMagic gets lenders started with eClosing
    by swheeler@housingwire.com on September 19, 2019 at 7:12 pm

    Enabling eClosing is complex, and it takes the right partners — both up-front and downstream — if you’re going to do it right. We sat down with Brian Pannell, senior implementation executive at DocMagic, to find out how lenders are navigating these complexities and how DocMagic can help.

  • Vancouver Condo Prices Are Where They Were Almost Two Years Ago
    by Kaitlin Last on September 19, 2019 at 4:52 pm

    The Greater Vancouver condo market is seeing some improvements, but not many. Real Estate Board of Greater Vancouver (REBGV) data shows the price of a condo apartment fell in August. The declines are getting smaller though, as sales and inventory find a better mix. Greater Vancouver Condo Prices Are At Down To 2017 Levels The […] The post Vancouver Condo Prices Are Where They Were Almost Two Years Ago appeared first on Better Dwelling.

  • Here are the metros with the highest apartment occupancy
    on September 19, 2019 at 4:34 pm

    Apartment occupancy nationwide is as high as it's been in nearly 20 years, with more than 96% of all apartments filled in the 150 largest apartment markets in the country. Meanwhile, nine of the big markets saw greater than 97% occupancy in August. Here are the markets where the most apartments are filled.

  • Should homebuyers consider schools even if they're empty nesters?
    on September 19, 2019 at 3:49 pm

    Do homebuyers need to think about schools in their prospective neighborhood even if they’re empty nesters or don’t have kids? Lisa Harris, RE/MAX agent with RE/MAX Center in Braselton, GA, said that homebuyers should definitely be thinking about schools when they buy.&nbs

  • Repo transactions spike 800 basis points overnight
    on September 19, 2019 at 3:35 pm

    Repurchase agreement rates spiked on Tuesday from about 2% to more than 10% as some borrowers were pressured by corporate tax payments and settlements of the newly actioned U.S. Treasuries.

  • Low mortgage rates bolster August's existing-home sales to 17-month high
    on September 19, 2019 at 2:41 pm

    Existing-home sales inched forward 1.3% in August from the prior month, reaching a 17-month high, according to the National Association of Realtors. NAR Chief Economist Lawrence Yun said although sales are up, inventory numbers remain low and are thereby pushing up home prices. According to NAR, the median price for an existing-home was $278,800, a gain of 4.7% from last August's rate of $265,600. This marks the 90th straight month of year-over-year gains.

  • Freddie Mac: Mortgage rates experience the highest weekly uptick since last October
    on September 19, 2019 at 2:00 pm

    This week, the average U.S. fixed rate for a 30-year mortgage rose to 3.73%. That's 17 basis points above last week’s 3.56% but still nearly a percentage point lower than it was at this time last year. Freddie Mac Chief Economist Sam Khater said despite the rise in mortgage rates, economic data improved this week – particularly housing activity, which gained momentum with a noticeable rise in purchase demand and new construction.

  • Toronto Condo Prices Reach A New All-Time High, As Sales Jump
    by Kaitlin Last on September 19, 2019 at 1:52 pm

    The Toronto condo market is seeing prices climb even higher these days. Toronto Real Estate Board (TREB) data shows the price of a typical condo apartment reached an all-time high in August. The rise in prices is being attributed to falling inventory, and climbing sales. Toronto Condo Prices Rise 8% From Last Year The price […] The post Toronto Condo Prices Reach A New All-Time High, As Sales Jump appeared first on Better Dwelling.

  • Home Sales Up for Second Consecutive Month
    on September 19, 2019 at 5:00 am

    However, another decrease in inventory continues to push up home prices. Read more from NAR’s latest housing report.

  • Cyberattack on Corcoran Group Another Wake-Up Call to Industry
    on September 19, 2019 at 5:00 am

    Leaked data on agent splits at the brokerage serves as an industry reminder of growing online security threats.

  • Report: Profitable Flips Are Decreasing
    on September 19, 2019 at 5:00 am

    “[Less profit in home flipping is] another marker that the postrecession housing boom is softening or may be coming to an end,” says a spokesman with ATTOM Data Solutions.

  • Brokerages Help Sellers Tackle Home Improvement Projects
    on September 19, 2019 at 5:00 am

    More real estate groups are offering programs to front the costs of helping spruce up properties before they’re listed for those who are selling.

  • More New Homes Are Entering the Pipeline
    on September 19, 2019 at 5:00 am

    Housing starts jump to a 12-year high. Will the upswing last?

  • How Consumers Will Benefit From Latest Fed Rate Cut
    on September 19, 2019 at 5:00 am

    Historically low mortgage rates likely won't budge much after the Fed's move.