Real estate news

• Mark Calabria, Pence's chief economist: CFPB will survive Trump administration

  07-03-2017 23:17
  
  Despite the concerted effort by members of the Republican Party to dismantle the Consumer Financial Protection Bureau, a top Trump administration official told attendees at a conference in Washington that the embattled agency will likely survive the Trump administration.
  
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• Housing inventory in Northwest plummets to lowest point ever

  07-03-2017 22:41
  
  This Spring is already shaping up to be one of the strongest home buying seasons in recent memory and it hasn’t even begun. In fact, sellers are still in hibernation even as buyers fight over the current dwindling inventory. Northwest MLS expects an uptick in listings later this Spring, but will it be enough to feed the frenzy? Probably not.
  
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• Ahead of the Curve: Home Price Growth Outpaces Inflation

  07-03-2017 22:37
  
  Home prices continue to chart growth, rising on an annual basis to outpace inflation, according to CoreLogic’s recently released Home Price Index (HPI) for January 2017. Prices increased 0.7 percent month-over-month and 6.9 percent year-over-year.
  A combination of factors is driving momentum ahead of the curve, says Dr. Frank Nothaft, chief economist of CoreLogic.
  “With lean for-sale inventories and low rental vacancy rates, many markets have seen housing prices outpace inflation,&rd
  
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• Luxury for Less with Avis®

  07-03-2017 22:34
  
  NAR PULSE—Your agents can add luxury to their next road trip or client home tour. Enjoy up to 10 percent off base rates on Avis® Signature Series vehicles through April 3. See offer for details. Avis® is a proud partner in the REALTOR Benefits® Program, offering vehicle discounts year-round to NAR members. Start saving.
  Savings for REALTORS® on Home Warranty PlansKeep your home happy with a home warranty from American Home Shield®, including plan features that were prev
  
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• Urban Living Comes at a Price for Families

  07-03-2017 22:20
  
  Living an urban lifestyle comes at a price, especially for homeowners with children, according to a recent report by Care.com and Zillow.
  Between child care, a mortgage and property taxes, households with children in the city spend over $9,000 more each year, on average, than households with children in the suburbs, racking up $43,000-plus in annual expenses. The difference is wider in many of the nation’s largest metropolitan areas, including:
  Chicago, Ill.City: $67,266 (Annual Cost of Ch
  
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• Redfin chief economist on how Ben Carson can solve affordability crisis

  07-03-2017 21:56
  
  Redfin’s chief economist pointed out that income inequality and affordable housing are at the worst levels ever seen in the U.S. Nela Richardson outlined four policies HUD Secretary Ben Carson can enact right now in order to heal the affordability crisis in America.
  
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• Two more execs out at Wells Fargo as fake account fallout continues

  07-03-2017 21:37
  
  A few weeks ago, Wells Fargo announced that it fired four senior managers in the fallout from the fake account scandal that led to a $185 million fine from the Consumer Financial Protection Bureau, the Office of the Comptroller of the Currency, and the city and county of Los Angeles. And according to a new report from the Los Angeles Times, those four executives aren’t the only ones that recently left the megabank.
  
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• Ben Carson responds to Twitter firestorm after his controversial comparison

  07-03-2017 20:50
  
  After setting social media sites on fire from a comment in his speech calling slaves immigrants, Ben Carson set to work clarifying his comments. After several posts explaining immigration is not necessarily voluntary, the HUD secretary posted this to Facebook, explaining his stance on immigration versus slavery.
  
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• Here's how much Rocket Mortgage helped Quicken Loans in 2016

  07-03-2017 19:40
  
  It’s been just over a year since Quicken Loans went digital with Rocket Mortgage, the lender’s fully online mortgage. And now that the dust is settled from Rocket Mortgage’s first year of existence, the question is just how much did the digital mortgage drive business for Quicken Loans? The answer depends on your perspective.
  
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• Mortgage Connect acquires Urban Lending Solutions Appraisals

  07-03-2017 19:13
  
  The latest mortgage acquisition news comes from Mortgage Connect, a national closing and title settlement service. The company, along with M&G Realty Enterprises, a real estate services investment company, announced that through MCMG Holdings, Mortgage Connect’s subsidiary, they have acquired Urban Lending Solutions Appraisals.
  
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• Ally Home Loans now offers Fannie's low down payment product

  07-03-2017 18:01
  
  Ally Home Loans, which is the newly created direct-to-consumer mortgage arm of Ally Bank, only jumped into mortgages at the end of last year, and it’s already broadening its suite of products. The mortgage company announced it will start offering Fannie Mae’s HomeReady mortgage loan to better cater to first-time homebuyers.
  
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• Consumers have never felt better about housing than they do right now

  07-03-2017 17:42
  
  Consumers’ faith in the housing market is stronger than it’s ever been before, according to a newly released survey from Fannie Mae. Fannie Mae’s latest Home Purchase Sentiment Index shows that consumer confidence in housing hit an all-time high in February, continuing a climb in confidence that began in January.
  
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• Gen Xers suddenly start buying homes in droves

  07-03-2017 17:40
  
  Millennials receive much of the focus from the housing market as they are the next generation expected to enter the market, however the much-needed starter homes are currently owned by another generation – Gen X. And for the first time in several years, Gen Xers are beginning to buy their next home, showing the most home buying activity since 2014.
  
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• CoreLogic: Spring home buying season looks to be strongest in recent memory

  07-03-2017 16:33
  
  Home prices increased this year, leaving experts at CoreLogic to say the spring home buying season could be the strongest in recent memory. With the progressive economic recovering and dwindling housing inventory, the company forecasts home prices to continue their upward climb into 2018.
  
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• Chicago Real Estate Market Update: February Another Disappointing Month - ChicagoNow (blog)

  07-03-2017 15:36
  
  ChicagoNow (blog)
  Chicago Real Estate Market Update: February Another Disappointing Month
  ChicagoNow (blog)
  The Chicago real estate market is continuing with the yo-yo theme in February after January hit a 10 year high in home sales. February sales, in fact, were down 2.6% from last year, repeating the pattern of the last few months where we alternate ...
  
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• Real estate mogul says this purchasing secret helps him find perfect buys - CNBC

  07-03-2017 15:18
  
  CNBC
  Real estate mogul says this purchasing secret helps him find perfect buys
  CNBC
  Sidney Torres has made millions developing real estate. The secret, he says, is in the buy, not the sell. In other words, renovations are not where the money's at. "A lot of people think, 'Oh I'm going to go in there and I'm going to renovate [the ...
  
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• AmeriscourceBergen is finalist for best real estate deal award - Star Local Media

  07-03-2017 15:09
  
  Star Local Media
  AmeriscourceBergen is finalist for best real estate deal award
  Star Local Media
  The corporate campus of AmerisourceBergen is the largest built-to-suit office campus at the Offices of Austin Ranch and one of the largest employers in the city of Carrollton. prev. next. The city of Carrollton is pleased to announce the ...
  
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• Amid Insider Trading Allegations, SoftBank Eyes US Commercial Real Estate - Forbes

  07-03-2017 14:41
  
  Forbes
  Amid Insider Trading Allegations, SoftBank Eyes US Commercial Real Estate
  Forbes
  Japanese telecom giant SoftBank has been in the news lately primarily because of its investments, but its recent announcement that it was acquiring alternative investment player Fortress (a move we examined last week) was quickly followed by SEC ...
  
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• BRIEF-Dalqan Real Estate FY profit rises - Reuters

  07-03-2017 13:03
  
  BRIEF-Dalqan Real Estate FY profit rises
  Reuters
  Reuters is the news and media division of Thomson Reuters. Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news ...and more »
  
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• Ares Commercial Real Estate posts 4Q profit - Yahoo Finance

  07-03-2017 12:48
  Charleston Post Courier
  Ares Commercial Real Estate posts 4Q profit
  Yahoo Finance
  NEW YORK (AP) _ Ares Commercial Real Estate Corp. (ACRE) on Tuesday reported fourth-quarter profit of $8.1 million. On a per-share basis, the New York-based company said it had profit of 28 cents. The results surpassed Wall Street expectations.
  Ares Commercial Real Estate Corporation Reports Fourth Quarter and Full-Year 2016 ResultsBusiness Wire (press release)
  CREW: Commercial Real Estate Women help navigate ups
  
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• Publix: Where shopping for real estate is a pleasure - Palm Beach Post (blog)

  07-03-2017 11:56
  
  Palm Beach Post (blog)
  Publix: Where shopping for real estate is a pleasure
  Palm Beach Post (blog)
  That's according to a Palm Beach Post analysis of the company's regulatory filings, including its just-released annual report. Publix owned just 10.7 percent of its stores at the end of 2006. The tight-lipped company has not publicly explained its real ...and more »
  
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• How to ask for real estate referrals: 7 opportunities real estate agents should seize - Inman.com

  07-03-2017 11:11
  
  How to ask for real estate referrals: 7 opportunities real estate agents should seize
  Inman.com
  Ask for real estate referrals often -- during the listing presentation, throughout the sales process, and after the sale. It is the relationship you continue to foster with your client after closing that will give you the best chance at referrals ...and more »
  
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• Chinese buyers want Canadian real estate for educational reasons: study - rdnewsnow.com

  07-03-2017 10:15
  
  rdnewsnow.com
  Chinese buyers want Canadian real estate for educational reasons: study
  rdnewsnow.com
  TORONTO — The top reason why foreign buyers from China want to get into the Canadian housing market is education, not investment, according to data from a popular global real estate listings website. Figures released Tuesday by the Chinese website ...
  International Home Buyer Insights Report Reveals Evolving Trends in Chinese Real Estate Interests, According to ...Marketwired (press re
  
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• Press Pass: Buffalo Niagara's hot real estate market - WBFO

  07-03-2017 09:03
  
  WBFO
  Press Pass: Buffalo Niagara's hot real estate market
  WBFO
  The real estate market in the Buffalo Niagara region is red hot. The March issue of Buffalo Spree explores both residential and commercial real estate in Western New York. Editor Elizabeth Licata says the region experienced little impact from the ...and more »
  
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• Canal Street is undergoing a real estate renaissance - New York Post

  07-03-2017 04:50
  
  Canal Street is undergoing a real estate renaissance
  New York Post
  The tiny, two-story building at 301 Canal St., just west of Broadway, doesn't look like much — a vacant, nondescript brick structure with green plywood covering the ground floor. But it typifies what's happening along Canal Street's weird western leg ...
  
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• Chinese Lead Asian Overseas Real Estate Investment - Chief Investment Officer

  07-03-2017 03:42
  
  Chinese Lead Asian Overseas Real Estate Investment
  Chief Investment Officer
  The United States emerged the most-favored overseas market for Asian real estate investors in 2016, for the second year in a row. US investments attracted more than $25 billion of the total $60 billion that Asian investors, led by institutional ...and more »
  
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• LendIt: Election years can disrupt fintech, too

  07-03-2017 03:00
  
  A recurring theme through all the presentations during the day was an eagerness on the part of all representatives and their staff to hear from and engage with key players in the fintech industry. Our main takeaway from the day’s discussions on regulation is that the representatives and regulators are listening
  
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• LendIt keynote: Online lending is an industry built to last

  07-03-2017 02:00
  
  At first look, it seemed to be an unlikely crowd for a conference involving technology-focused disruptors, but perhaps the formality of the event was indicative of the startups in attendance – growing companies beginning to rub shoulders with the establishment.
  
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• Is this the end? Austin real estate company nets millions as asset sales continue - Austin Business Journal

  07-03-2017 02:00
  Is this the end? Austin real estate company nets millions as asset sales continue
  Austin Business Journal
  Just two years ago, publicly traded Forestar Group was active in multiple industries — oil and gas, natural resources and real estate — but the company has been in a severe retraction. Will it remain a public company even though all of its oil, gas ...and more »
  
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• No slowdown for South Sound housing market - The News Tribune

  07-03-2017 01:34
  
  The News Tribune
  No slowdown for South Sound housing market
  The News Tribune
  Broker Leslie Center, owner of Thunderbird Real Estate, and home inspector Bill Ryan of Boggs Inspection Service, help first-time home buyer Nicole Boatright, an assistant nutrition program director with the Clover Park School District, during an ...and more »
  
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• United States flips sides, supports PHH in case against CFPB

  07-03-2017 00:54
  
  In a major, but not surprising move, the United States revealed that it now supports PHH in its landmark case against the Consumer Financial Protection Bureau. Judging by a new motion filed by the United States, the U.S. needs a little more time to gather its thoughts on supporting PHH.
  
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• Stewart, ClosingCorp announce partnership to provide title insurance fees

  07-03-2017 00:40
  
  Lenders that use ClosingCorp’s SmartFees platform will now be able to access title insurance rates and fees from Stewart within the platform, thanks to a partnership announced by the two companies.
  
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• Florida real estate agents targeted by elaborate fake Realtor group - HousingWire

  07-03-2017 00:33
  
  HousingWire
  Florida real estate agents targeted by elaborate fake Realtor group
  HousingWire
  Realtors in the state of Florida are being targeted and threatened with the suspension of their license as part of an elaborate scam allegedly perpetrated by a fake Realtor group, the state's actual Realtor group warned on Monday. Florida Realtors ...and more »
  
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• Tucson Real Estate: BBQ food truck moves into storefront - Arizona Daily Star

  07-03-2017 00:19
  
  Arizona Daily Star
  Tucson Real Estate: BBQ food truck moves into storefront
  Arizona Daily Star
  Holy Smokin' Butts BBQ leased 2,000 square feet at 1104 S. Wilmot Road and owners Marisa and Curt Lewis are in the process of transitioning from their food truck. “Customers kept asking about a restaurant and that's really what we wanted to do when we ...and more »
  
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• Florida real estate agents targeted by elaborate fake Realtor group

  07-03-2017 00:18
  
  Florida Realtors, which boasts 165,000 members in 55 boards and associations, issued a warning to its members this week after Realtors in the state recently began receiving letters from the “Florida Board of Realtors” that claim the Realtors real estate license is in danger of suspension. The issue? The “Florida Board of Realtors” doesn’t exist.
  
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• Introducing the 2017 30 Under 30 Finalists

  07-03-2017 00:00
  Meet 50 young entrepreneurs taking the real estate industry by storm with initiative and enthusiasm. Also, find out how you can guarantee one of...
  
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