Real estate news

• First Guaranty brings on new executive

  19-07-2016 23:17
  
  First Guaranty hired William Johns as its new director of enterprise data. First Guaranty's CIO explains why Johns is a good fit for the company, in addition to the experience he brings with him.
  
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• Housing Starts Bloom in June

  19-07-2016 22:51
  
  Homebuilding rates accelerated in June, surpassing expert forecasts for the month and further fortifying the idea that housing is indeed on the mend. According to the Commerce Department, housing starts rose 4.8 percent from a month earlier to a seasonally adjusted annual rate of 1.189 million in June.
  However, while both permits and starts improved on a month-to-month basis, the total permits represented a decline of 15 percent compared to last June, and the total number of starts represented a
  
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• Millionaires Are on the Move…or Are They?

  19-07-2016 22:47
  
  With cash to spare, millionaires can afford to move anywhere, at any time. Most, however, aren’t racking up frequent mover miles—in fact, they move less than the general population, reveals a recent study by the American Sociological Association.
  The study uncovered a millionaire internal (within the U.S.) migration rate of 2.4 percent per year, below the 2.9 percent rate of the masses. The finding dismisses the notion millionaires are among the most mobile, and unravels concerns tha
  
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• Millennials: Want to Own, Less Sure It Makes Financial Sense

  19-07-2016 22:45
  
  Millennials, or Gen Y (34 and under), are an important generation to the real estate industry. Not just because this generation is the future, but also because, for the fourth year in a row, they are the largest share of homebuyers at 35 percent. Yet they also face several distinct challenges on the road to homeownership: student debt, low inventory and rising prices in some areas are all contributing factors. While many millennials see homeownership as part of their American Dream, they are the
  
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• Republican Party calls for significant changes to housing in 2016

  19-07-2016 22:24
  
  If the Republican Party sweeps November’s elections, the world of housing finance could be in for some significant changes, as the 2016 Republican Party platform calls for seriously cutting the government’s role in housing, potentially abolishing the Consumer Financial Protection Bureau and ending the use of disparate impact to enforce fair lending laws.
  
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• Here's the social media guide tailored just for mortgage lending

  19-07-2016 20:00
  
  $1.6 trillion. This number defines the business potential you have in mortgage originations. The trick is to use social media to beat out all the other companies in the mortgage space that are also fighting for their share. But you’re not trying to just master social media, you’re trying to harness a tool to connect with future clients and keep client retention to grow your business. This is how you do that.
  
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• Tim Duncan Sues Real Estate Agent Over Doctored Image - San Antonio Current

  19-07-2016 19:40
  
  San Antonio Current
  Tim Duncan Sues Real Estate Agent Over Doctored Image
  San Antonio Current
  Just two days after the big retirement announcement, a Keller Williams real estate agent allegedly altered a photograph of Tim Duncan to promote his realty business. Duncan, who hung up his sneakers on July 11, a Monday, filed a lawsuit against Robert ...and more »
  
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• CoreLogic: Distressed sales keep falling

  19-07-2016 19:38
  
  CoreLogic reported that distressed sales continue to decline in all but seven states. At this rate of decline, the market is on track to see pre-crisis distressed sales numbers by the middle of 2018.
  
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• When it comes to GSE reform, there's no need to reinvent the wheel

  19-07-2016 19:00
  
  After reviewing various GSE reform options, I strongly believe our strongest course of action would be to combine the existing GSEs into a single, super GSE operated similarly to Ginnie Mae. Ginnie is already a proven success story, in spite of underfunding and hurricane-like market headwinds in the past ten years, so why not build upon something that we know works?
  
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• Brexit impact makes its way to appraisal volume

  19-07-2016 18:56
  
  It took a bit longer, but the Brexit impact finally made its way to appraisal volume. Since appraisals are ordered later in the mortgage process, it takes more time to see the true impact. The results are officially in and appraisals fell right in line with mortgage applications.
  
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• HUD Secretary Castro broke election law with Clinton endorsement

  19-07-2016 18:27
  
  Department of Housing and Urban Development Secretary Julián Castro, rumored to be on former Secretary of State Hillary Clinton's shortlist for vice president, violated federal election law when discussing and endorsing Clinton during an April interview with Yahoo News. Here's the full story.
  
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• Fannie Mae: Brexit casts uncertainty on second half of 2016

  19-07-2016 18:12
  
  Fannie Mae predicts that the current economic growth outlook will remain unchanged for the rest of the year, however it also warns of the effects of Brexit. Not everyone agrees with the company’s predictions.
  
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• CoreLogic gives University Data Portal an upgrade

  19-07-2016 17:13
  
  “These enhancements significantly expand the scope of research that can be performed through use of the CoreLogic University Data Portal and provide deep insight into the most seismic real estate event of the last 80 years: the mortgage and foreclosure crisis,” said CoreLogic Chief Economist Frank Nothaft.
  
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• MGIC revenues increase more than expected

  19-07-2016 16:34
  
  Not only did MGIC surpass last year’s revenues, but also experts expectations for the second quarter. MGIC also showed strength in its new insurance written, which also increased from last year.
  
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• 5 Questions to Ask Before Hiring a Real Estate Agent - U.S. News & World Report

  19-07-2016 16:25
  
  U.S. News & World Report
  5 Questions to Ask Before Hiring a Real Estate Agent
  U.S. News & World Report
  Before choosing an agent to sell your home, ask these questions to ensure a successful listing. (Getty Images). By Mady Dahlstrom. July 19, 2016, 10:22 a.m.. MORE. LinkedIn; StumbleUpon; Reddit; Cancel ...
  Reasons You Should Hire a Real Estate AgentZing! Blog by Quicken Loans (blog)all 9 news articles »
  
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• June housing starts down slightly from last year

  19-07-2016 15:54
  
  Housing starts came in higher than last month, but down from last year. Overall, the numbers are still well below historic norms. Trulia's chief economist explains what could be the cause for the shortage in new supply.
  
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• RealtyTrac launches game-changing property information database

  19-07-2016 06:01
  
  RealtyTrac, a provider of comprehensive property data, announced Tuesday morning that it is launching a massive rebranding of the company, and will be known moving forward as Attom Data Solutions. But this is more than just a rebrand. The world of real estate and housing is about to change, as consumers and operators within the industry are about to have more information available at their fingertips than ever before.
  
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• Tucson real estate: Small apartment complex near UA is sold - Arizona Daily Star

  19-07-2016 03:19
  
  Arizona Daily Star
  Tucson real estate: Small apartment complex near UA is sold
  Arizona Daily Star
  High occupancy rates make complexes like the 16-unit Sunrise Apartments, 1315 N Sixth Ave., popular with investors. prev. next. Investors continue to snap up multifamily complexes in the Tucson market. As the secondary market for investors, Tucson ...
  
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• Pasadena Company Announces $725 Million Real Estate Buy - Pasadena Now

  19-07-2016 02:29
  
  Pasadena Now
  Pasadena Company Announces $725 Million Real Estate Buy
  Pasadena Now
  Alexandria Real Estate Equities, which just announced plans to expand its Pasadena headquarters, has announced in a separate move it is buying the 644,000-square-foot One Kendall Square tech campus in Cambridge for $725 million, a report on ...and more »
  
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• Ringleader of mortgage scheme sentenced to over 9 years in federal prison

  19-07-2016 00:06
  
  “This sentence should serve as a strong warning about the consequences awaiting those engaged in large-scale financial fraud,” said Terence Opiola, Special Agent in charge of homeland security investigations in Newark. “The organization identified in this case was responsible for harming countless innocent victims.”
  
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