Real estate news

• Redfin: Here are 2016's hottest neighborhoods

  29-12-2016 22:20
  
  As 2016 comes to a close, it will be remembered as a year of low interest rates (for the most part) combining with tight inventory to turn some markets into a cutthroat competition for those seeking to buy a home. But what areas were truly the hottest of the year, with homes flying off the market in less than a week and often well-above asking price? Here's your answer.
  
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• Fast Forward: Keeping Ahead of the Technology Curve

  29-12-2016 22:03
  
  Technology is shaping the future of real estate, and in today’s dynamic landscape, fully leveraging technology is critical to success—for brands, brokers and agents.
  Sir Arthur C. Clark, acclaimed science fiction writer and co-author of “2001: A Space Odyssey,” noted that any sufficiently advanced technology is equivalent to magic. Today, truly successful real estate professionals are leveraging technology tools to create magical experiences that amaze and delight their c
  
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• Homebuyers Scramble in Year-End Spree

  29-12-2016 22:02
  
  Homebuyers are scrambling in a year-end spree to snap up inventory, with for-sale homes moving 5 percent faster than this time last year, according to a data preview from realtor.com®.
  “We saw evidence of a stronger-than-normal off-season in September and October due to pent-up demand and surging interest from first-time buyers,” says Jonathan Smoke, chief economist of realtor.com. “Since the election, demand seems to have intensified, possibly in reaction to a jump in mort
  
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• And the Worst Celebrity Neighbor of 2016 Is…

  29-12-2016 22:01
  
  It is too late now to say sorry.
  Zillow has once again taken the glittering pulse of celebrity neighbor-dom in its annual Celebrity Neighbor Survey, ranking the high-profilers us “normies” wouldn’t mind occasionally borrowing a cup of sugar from. The most sought-after, according to the survey, is the exiting First Family, who will remain residents of D.C. (get a glimpse of their new digs here!) in the new year. The least, on the other hand, is real-life (and now two-time) worst
  
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• Fixed Mortgage Rates Move Higher

  29-12-2016 22:00
  
  Freddie Mac Thursday released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates moving higher for the ninth consecutive week. Despite the recent jump in mortgage rates since the election, the annual average for the 30-year fixed-rate mortgage was 3.65 percent in 2016, the lowest annual average ever recorded in the Freddie Mac PMMS going back to 1971.
  Survey Highlights:
  30-year fixed-rate mortgage (FRM) averaged 4.32 percent with an average 0
  
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• U.S. serves as "global policeman" for financial crimes

  29-12-2016 19:36
  
  "There's a kind of fundamentalism to U.S. law," said Nicolas Veron, a senior fellow at the Brussels-based think tank Bruegel and the Washington-based Peterson Institute. "If you break the law, punishment comes down." So why doesn't the rest of the world agree?
  
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• Quicken Loans' In-House Realty seeks to be one-stop home buying shop with OpenHouse acquisition

  29-12-2016 19:18
  
  In-House Realty, a member of the “Quicken Loans family of companies,” announced this week that it plans to acquire the Toronto-based technology group and its proprietary technology platform from OpenHouse Realty, a Santa Monica, California-based residential real estate company.
  
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• Ten-X: Housing slump may be temporary

  29-12-2016 19:03
  
  Ten-X released its latest Ten-X Residential Real Estate Nowcast revealing a monthly decrease in December existing home sales. However, the jury is still out on whether the current slowdown is a seasonal blip or a more permanent trend.
  
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• Two Ohio-based banks settle "redlining" allegations

  29-12-2016 18:09
  
  A pair of banks based in Ohio must begin increasing mortgage lending in minority neighborhoods in certain areas of Ohio and Indiana as part of a settlement with the Department of Justice, which accused the banks of “redlining.” The DOJ defines redlining as a “discriminatory practice by banks or other financial institutions of denying or avoiding providing credit services to consumers because of the racial demographics of the neighborhood in which the consumer lives.”
  
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• Freddie Mac: Mortgage rates climb for ninth straight week

  29-12-2016 16:42
  
  Mortgage interest rates remained at a two-year high this week, climbing again for the ninth straight week after the election. But thanks to incredibly low interest rates seen earlier this year, 2016 will finish with the lowest annual average for the 30-year, fixed-rate mortgage on record, according to new data published Thursday by Freddie Mac.
  
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• These 5 Trends Will Shape the Housing Market in 2017 - Fortune

  29-12-2016 16:01
  
  Fortune
  These 5 Trends Will Shape the Housing Market in 2017
  Fortune
  If the U.S. economy is to hit escape velocity in 2017, you can expect the real estate sector to serve as its rocket fuel. At its most broadly defined, housing can be counted on to compose 15% of GDP. It hasn't done that much heavy lifting lately, however.
  Special Report: 2017 real estate industry outlookInman.com
  Top 5 real estate trends for 2017AOL Small Business
  Real estate industry freaked out by Republican tax reform planT
  
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• Edinburgh's Real Estate Beginning to Bounce Back - Wall Street Journal

  29-12-2016 16:00
  
  Wall Street Journal
  Edinburgh's Real Estate Beginning to Bounce Back
  Wall Street Journal
  Prices of prime real estate in Edinburgh's city center have already returned to pre-recession levels, and real-estate experts say will continue to increase in 2017.and more »
  
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• Here are the biggest commercial real estate stories of 2016 - News ... - Crain's Chicago Business

  29-12-2016 13:52
  
  Crain's Chicago Business
  Here are the biggest commercial real estate stories of 2016 - News ...
  Crain's Chicago Business
  Visit Crain's Chicago Business for complete business news and analysis including healthcare, real estate, manufacturing, government, sports and more.and more »
  
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• Real Estate: Through the Noise, Opportunities Exist - Morningstar.com

  29-12-2016 13:49
  Real Estate: Through the Noise, Opportunities Exist
  Morningstar.com
  We view themes in commercial real estate as generally defensive in nature, with lingering concerns about increasing bond yields pressuring property stocks globally by double-digit percentages. However, we continue to focus on underlying performance, ...and more »
  
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• PHH selling off entire mortgage servicing rights portfolio

  29-12-2016 00:13
  
  Nearly two months after announcing plans to sell off its Ginnie Mae mortgage servicing rights portfolio, PHH said Wednesday that it now plans to sell its entire remaining mortgage servicing rights portfolio in a massive deal with New Residential Investment.
  
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