Real estate news

• USPS now one step closer to providing financial services

  21-05-2015 23:46
  
  The post office is now one big step closer to becoming a financial institution. A new white paper from the United State Postal Service's Office of the Inspector General lays out a series of distinct ways that the post office could enter the banking and financial services sector.
  
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• Ellie Mae report shows continued transition into purchase-driven market

  21-05-2015 22:23
  
  As interest rates slowly tick up, purchase originations are now again outpacing refinance originations, according to a new report from Ellie Mae. Here's a look at Ellie Mae's data.
  
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• Fraud enforcement official arrested for mortgage fraud

  21-05-2015 22:20
  
  The Director of Investigations for the State of Connecticut’s Department of Social Services was arrested on a federal criminal complaint charging him with wire fraud in connection with his submission of a fraudulent application for a personal mortgage modification. This is exactly the story you were looking for.
  
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• Senate banking committee passes massive regulatory relief bill

  21-05-2015 21:53
  
  The Senate Committee on Banking, Housing and Urban Affairs passed “The Financial Regulatory Improvement Act of 2015” on Thursday, which will, if it makes it through the bill-making grinder and gets passed into law, bring big changes to the red tape the mortgage finance industry is tied up in.
  
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• Analyst: Housing bubble not a question of if but when

  21-05-2015 21:39
  
  Charles Hughes Smith at oftwominds.com warns that the industry may be just two years from an implosion of the bubble we’re in. Also, if you didn’t know, he argues we’re already in an echo bubble from the last bubble. Read on.
  
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• MBA Forecast: Here’s why mortgage lending will grow despite weak 1Q

  21-05-2015 20:11
  
  Housing and the general economy got off to a slow start in 2015, but MBA is confident that the drag won't last. They predict that 2015 and 2016 will be dominated by purchase applications rather than refinancings. Here's what they're thinking.
  
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• Zillow: Rents gallop past home values in April

  21-05-2015 19:45
  
  Rents for residential housing in the United States grew at their fastest pace in two years in April, surpassing home values. There’s good news and bad news in this, and a growing gap to come. Want to know more?
  
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• Fannie Mae predicts strong spring homebuying season

  21-05-2015 18:48
  
  The economy may not grow at previously expected rate, but that shouldn’t stop housing from improving in 2015, according to Fannie Mae’s May 2015 Economic Outlook. “Housing is one sector that appears to be building momentum, with leading indicators suggesting the market will experience a strong spring season,” Fannie said.
  
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• Capital One Home Loans adds Desmond Smith as head of sales

  21-05-2015 18:26
  
  In this role, Smith will join the Home Loans leadership team and will be responsible for building a mortgage sales team throughout the company’s branch footprint, Capital One said in a release.
  
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• How Google Fiber will impact Charlotte's real estate market - Charlotte Business Journal (blog)

  21-05-2015 18:11
  
  Charlotte Business Journal (blog)
  How Google Fiber will impact Charlotte's real estate market
  Charlotte Business Journal (blog)
  Young renters will demand the type of ultra-high-speed Internet service that Google Inc. (NASDAQ:GOOG) is bringing to Charlotte, but real estate developers need to preserve their options as they build. They also need to remain flexible in their ...and more »
  
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• Trending Thursday: Housing, mortgage finance getting a break from Washington?

  21-05-2015 18:00
  
  A lot of changes could be on the horizon for housing, mortgage finance, Fannie, Freddie and the whole housing shebang. Here's the latest from Washington and beyond.
  
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• Fort Collins real estate investor competition increases - The Coloradoan

  21-05-2015 17:35
  
  The Coloradoan
  Fort Collins real estate investor competition increases
  The Coloradoan
  Thousands of homebuyers entered the Fort Collins real estate market as the Great Recession came to a close in 2009. Some saw renewed financial opportunity. More than 12,060 homes were purchased within city during 2009-14. About 260 buyers — or 2 ...
  
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• Signs of a Real Estate Upswing in Barbados - New York Times

  21-05-2015 16:56
  Signs of a Real Estate Upswing in Barbados
  New York Times
  HOLETOWN, Barbados — The Caribbean island of Barbados may be popular with honeymooners, but local developers and sales agents are hoping that they, too, may have reason to celebrate. After a difficult few years, the sun might be rising on the ...
  
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• Years After Stagnation, Real Estate Market Begins To Surge In Central Ohio - 10TV

  21-05-2015 16:08
  
  10TV
  Years After Stagnation, Real Estate Market Begins To Surge In Central Ohio
  10TV
  COLUMBUS, Ohio - Homes for sale are being snatched up before the "for sale" sign is even posted in the front yard. That's what Michael Kruse of Gahanna says when he described selling his home. "I can't believe I just sold a house in one day," Kruse says.
  
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• USAA Real Estate Co. Claims Stake in Manhattan's Hudson Yards Submarket ... - PR Newswire (press release)

  21-05-2015 16:01
  
  Real Estate Weekly
  USAA Real Estate Co. Claims Stake in Manhattan's Hudson Yards Submarket ...
  PR Newswire (press release)
  SAN ANTONIO, May 21, 2015 /PRNewswire/ -- USAA Real Estate Company ("RealCo") today announced the acquisition of two mid-block office properties located in Manhattan's highest growth submarket, Times Square South which gives onto the 34th Street ...
  RealCo makes $100M+ Hudson Yards playReal Estate Weeklyall 4 news articles »
  
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• Fabius real estate agent sentenced in $1 million fraud case - Syracuse.com

  21-05-2015 15:50
  
  Syracuse.com
  Fabius real estate agent sentenced in $1 million fraud case
  Syracuse.com
  SYRACUSE, N.Y. -- A Fabius real estate agent was sentenced this morning in a $1 million mortgage fraud case. Theresa Sanders, 53, has been in jail since August 2013 on charges that she bilked banks and homeowners with bad finances during the Great ...
  Fabius real estate agent in mortgage fraud gets prison timeCNYcentral.comall 3 news articles »
  
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• Existing home sales crater in April, falling 3.3%

  21-05-2015 15:11
  
  After a surge in March, existing home sales have petered out like a wet firecracker. Existing home sales dropped 3.3% in April. What went wrong?
  
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• Mortgage rates remained largely unchanged from last week

  21-05-2015 15:03
  
  Average fixed mortgage rates moving just slightly lower following three consecutive weeks of increases, according to Freddie Mac.
  
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• Mortgage rates remain largely unchanged from last week

  21-05-2015 15:03
  
  Average fixed mortgage rates moved just slightly lower following three consecutive weeks of increases, according to Freddie Mac.
  
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• Qihoo 360 (QIHU), Huayuan Group Enter Strategic Partnership of Real Estate ... - StreetInsider.com

  21-05-2015 14:47
  Qihoo 360 (QIHU), Huayuan Group Enter Strategic Partnership of Real Estate ...
  StreetInsider.com
  Qihoo 360 Technology (NYSE: QIHU) and Huayuan Group, one of China's leading real-estate developers, have formed a strategic partnership to promote the adoption of smart home and security technologies in China's real-estate market. Under the ...and more »
  
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• Is This the Office of the Future or a $5 Billion Waste of Space? - Bloomberg

  21-05-2015 14:00
  
  Bloomberg
  Is This the Office of the Future or a $5 Billion Waste of Space?
  Bloomberg
  Workers of a certain age may recall that long ago, people once divided their waking hours into two parts: work and life. At quitting time, Fred Flintstone would slide down the tail of his dinosaur with a “Yabba dabba doo!” That was before technology ...
  
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• How is Fidelity Real Estate Investment Portfolio Fund (FRESX) Performing? - Zacks.com

  21-05-2015 13:50
  How is Fidelity Real Estate Investment Portfolio Fund (FRESX) Performing?
  Zacks.com
  Fidelity Real Estate Investment Portfolio (FRESX - MF report) a Zacks Ranked #1 (Strong Buy) seeks above-average income and long-term capital growth consistent with reasonable investment risk. FRESX seeks to provide a yield that exceeds the composite ...
  Introduction to Real Estate InvestingCNA Finance (press release)all 2 news articles »
  
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• Auction.com to Sell US Commercial Real Estate to Chinese Buyers - Realty Today

  21-05-2015 12:20
  
  Realty Today
  Auction.com to Sell US Commercial Real Estate to Chinese Buyers
  Realty Today
  SAN RAFAEL, CA - MAY 17: Real estate agents arrive at a brokers tour showing a house for sale with a list price of $1.3 million May 17, 2007 in San Rafael, California. The San Francisco Bay Area has seen the median price for existing single family ...
  Chinese investors can now use Auction.com to buy real estateThe Real Deal Magazine (blog)
  Auction.com to Market U.S. Real Estate to Chinese BuyersBloomberg
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• How women are using real estate to break international molds - Inman.com

  21-05-2015 12:02
  
  How women are using real estate to break international molds
  Inman.com
  There are almost as many women in the world as men. So why is it that we see so few as our bosses, GMs and CEOs? A report by Pearl Initiative (PI), titled “Women's Careers in the GCC” and released in April 2015, revealed that though women almost ...and more »
  
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• Upstream and RPR: the smart grid to power the real estate machine - Inman.com

  21-05-2015 10:10
  
  Upstream and RPR: the smart grid to power the real estate machine
  Inman.com
  The negotiation, dissemination and confirmation of an agreement to build Upstream this past week between brokers and NAR's board of directors was shocking in its speed. Virtually the entire broker sphere is on board. Upstream, with its newly unified ...and more »
  
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• RealtyTrac: Foreclosure activity jumps to highest level in 18 months

  21-05-2015 06:01
  
  Foreclosure filings were up 3% in April and up 9% from a year ago, pushing to an 18-month high. Here’s where it went off track.
  
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• Another Nationstar executive stepping down

  21-05-2015 03:06
  
  For the second week in a row, a high-level executive Nationstar Mortgage Holdings is resigning. Nationstar announced Wednesday that David Hisey, who served as executive vice president, chief strategy and external affairs officer, informed the company that he is resigning, effective at the close of business on June 19, 2015.
  
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• Pep Boys' Real Estate Could Be Key in Pep Boys Attracting a Buyer - TheStreet.com

  21-05-2015 00:45
  
  Pep Boys' Real Estate Could Be Key in Pep Boys Attracting a Buyer
  TheStreet.com
  The automotive repair and parts retailer's stock closed up over 16% Wednesday after the Wall Street Journal reported that private equity firms, namely San Francisco-based Golden Gate Capital, had "expressed interest" in acquiring the Philadelphia company.and more »
  
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• What Millennials Want in a Home

  21-05-2015 00:00
  Boyce Thompson, former editor of Builder magazine shares the top five features for millennial home buyers.
  
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• Water Recyclers Answer for Drought Stricken?

  21-05-2015 00:00
  New water filtering technology that recycles a home's water may soon become the answer to home owners in drought-ridden locations – and...
  
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• Realtor.com® Targets N.Y. in Ad Campaign

  21-05-2015 00:00
  "Find your dream apartment in a New York minute?" The new localized campaign is part of realtor.com®'s move to expand its...
  
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• Owners Place High Value on Good Yards

  21-05-2015 00:00
  Eighty-four percent of adults say that the quality of a home's landscape and yard would affect their decision on whether or not to purchase a...
  
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• Minimum Wage Not Enough for Rising Rents

  21-05-2015 00:00
  A new report finds that there is no state in the country where someone earning either the state or federal minimum wage could afford a market-rate...
  
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• Foreclosure Activity Surges to 18-Month High

  21-05-2015 00:00
  The recent uptick in foreclosure activity reflects a continued "clean-up phase" from the housing crisis, not a start of a new crisis,...
  
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