Real estate news

• Lenders: You can double risk-taking and still remain below pre-crisis levels

  18-04-2017 23:35
  
  Is credit too tight? And at what point does credit become too available? Urban Institute’s new report answers just those kinds of questions. As it turns out, lenders could double their risk-taking and still not hit historically normal levels of credit availability.
  
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• FRED Awards go to top real estate companies - Frederick News Post (subscription)

  18-04-2017 23:35
  
  FRED Awards go to top real estate companies
  Frederick News Post (subscription)
  Frederick County honored seven real estate companies at the Frederick Real Estate Dealmakers (FRED) Awards recently. The awards recognize the most successful real estate deals in the county. Any lease, sale or financing deal signed in 2016 or any new ...
  
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• Blame zoning for 'broken' real estate market - The Boston Globe

  18-04-2017 23:19
  
  Blame zoning for 'broken' real estate market
  The Boston Globe
  George Donnelly disparagingly blames a “broken” real estate market (Opinion, April 11) on the failure of “the invisible hand of capitalism” to “adequately respond” to demand. Capitalism is a ready scapegoat, but numerous studies show that the problem ...
  
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• Ellie Mae updates Encompass to support new HMDA requirements

  18-04-2017 22:21
  
  Ellie Mae released an updated version of Encompass, its mortgage management solution. The last update focused on supporting construction loans. This time around most of the changes deal with compliance with the new Home Mortgage Disclosure Act, which goes into effect in January 2018.
  
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• Home-Building Slides in March, but Permits Show Promise

  18-04-2017 22:20
  
  Home-building slid in March, 6.8 percent below estimates to a rate of 1,215,000, according to the latest data from the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). Single-family housing starts decreased 6.2 percent from February to 821,000. Starts for units in buildings with five units or more came in at 385,000.
  “[These] numbers are aligned with our builder confidence metric, which contracted slightly this month but is on solid footing overall,” says
  
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• 21 Steps to a Stellar Listing Presentation With RPR®

  18-04-2017 22:18
  
  NAR PULSE—It’s all here: 21 great ideas your agents can use to build their listing business from the ground up, all neatly packaged in a step-by-step action plan from RPR® (Realtors Property Resource®). Get started.
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• Real estate firm breaks ground on $6 million storage project in Huntsville - AL.com

  18-04-2017 22:15
  
  AL.com
  Real estate firm breaks ground on $6 million storage project in Huntsville
  AL.com
  A Georgia-based company that says it is redefining self storage has broken ground on a state-of-the-art project in Huntsville. NitNeil Partners is building a $6 million multi-story self storage facility on 6925 U.S. 72 West near Capital Park Apartments ...
  
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• Institutional Investors to Rein In Capital to Real Estate

  18-04-2017 22:14
  
  Institutional investors, including banks, insurance companies, pensions and REITs, will rein in capital commitments to real estate an average 19 percent this year, on track to total $62 billion, according to a new survey by Institutional Real Estate, Inc. (IREI), an institutional real estate investment consultant, and Kingsley Associates, a real estate research firm.
  “The decline in new capital flows can be largely attributed to two primary factors: U.S. survey respondents reported real es
  
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• CFPB sues Ohio law firm over "illegal" debt collection practices

  18-04-2017 21:24
  
  The Consumer Financial Protection Bureau claims that an Ohio law firm is using illegal methods to collect debt and is suing the firm to put a halt to the alleged illegal activity, but the firm says that the CFPB is trying to “strong-arm” it into signing a consent order and will fight the lawsuit.
  
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• Predicting the 2017 Winners in Real Estate Tech - Forbes

  18-04-2017 20:11
  
  Predicting the 2017 Winners in Real Estate Tech
  Forbes
  Real estate has long been an intriguing investment vehicle. And while memories of the Great Recession may still loom large in potential investors' minds, money continues to flow into commercial and residential real estate. That trend is expected to ...
  
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• Spokane real estate market is heating up with rising prices - KXLY Spokane

  18-04-2017 20:04
  
  KXLY Spokane
  Spokane real estate market is heating up with rising prices
  KXLY Spokane
  SPOKANE, Wash. - Buyers looking for homes in the Spokane area face an increasingly competitive market. Sales prices are up, and inventory is down. The Spokesman-Review reports that buyers have to move quickly, and be prepared to top other offers if ...and more »
  
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• Here’s why the housing market continues to struggle with low inventory

  18-04-2017 19:49
  
  One of the greatest challenge homebuyers face this spring home-buying season is the lack of housing inventory. Freddie Mac gave four reasons in its monthly Outlook why inventory remains low, and what that means for this year’s home sales.
  
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• J.G. Wentworth adds three to management team, CFO to exit

  18-04-2017 19:46
  
  “Drawing upon the diverse expertise of these new leaders, J.G. Wentworth is well-positioned to accelerate growth and sustain progress toward its goals,” said Stewart A. Stockdale, J.G. Wentworth’s CEO.
  
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• Montana real estate agent sues neo-Nazi website over 'troll storm' - Reuters

  18-04-2017 19:31
  
  Montana real estate agent sues neo-Nazi website over 'troll storm'
  Reuters
  A Montana real estate agent who said she and her 12-year-old son received hundreds of threatening anti-Semitic messages after a neo-Nazi website called on its readers to launch a "troll storm" against her sued the site's owner in federal court on Tuesday.and more »
  
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• Video: D.C. realtor blends rap with real estate - Curbed DC

  18-04-2017 19:01
  
  Curbed DC
  Video: D.C. realtor blends rap with real estate
  Curbed DC
  Evers & Co. real estate agent Kevin Poist often uses video as a way to help market himself. In a new video, two of Poist's clients rap about what characteristics they're looking for in a home. Think a parking pad, hardwood flooring, and a location ...
  
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• Prequalification versus loan commitment and other real estate myths - Chicago Tribune

  18-04-2017 18:59
  
  Chicago Tribune
  Prequalification versus loan commitment and other real estate myths
  Chicago Tribune
  A prequalification letter is not a binding loan commitment. Once homebuyers formally apply for a loan, even with a prequalification letter in hand, a lender will most likely require more information. (CJ Gunther / EPA). Benny L. KassContact ...
  
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• Goldman Sachs posts rare miss in first-quarter earnings

  18-04-2017 18:55
  
  Goldman Sachs recorded a rare and unexpected miss in first-quarter earnings. The surprise caused the bank’s stock to fall to its lowest level in nearly five months. Goldman Sachs doesn’t have a hugefootprint in residential mortgages, but this doesn’t mean it’s completely out of the mortgage arena.
  
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• HousingWire's 2017 Women of Influence nominations are now open!

  18-04-2017 18:45
  
  HousingWire is proud to announce that we are now accepting nominations for the 2017 Women of Influence, our opportunity to honor the housing industry’s most influential women leaders. Here is much more information on one of our favorite award programs.
  
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• Real estate: Southwestern Connecticut homes where creative minds have lived - CT Post

  18-04-2017 18:13
  
  CT Post
  Real estate: Southwestern Connecticut homes where creative minds have lived
  CT Post
  Newtown: Cartoonist James Thurber once lived in this historic home in Newtown, Conn. Thurber is known for his writing and cartoons, including "The Secret life of Walter Mitty." He wrote "My Life and Hard ... more. Photo: Contributed Photo, Contributed.
  
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• MortgageHippo raises $2.25M in seed funding led by CMFG Ventures

  18-04-2017 17:45
  
  MortgageHippo is working to stay at the forefront of the recent growth in digital mortgages. The mortgage technology company announced it closed $2.25 million in seed capital, which it plans to further expand its software development and sales team. And this time, the company is looking at one specific lending sector.
  
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• Experts: Lackluster housing construction growth is disappointing

  18-04-2017 17:37
  
  New construction in March showed lackluster growth with its decrease to an annual rate of about 1.2 million housing starts per year. Experts explain their disappointment in the report, and highlight one sector that is actually set to improve. HINT: It's not single-family homes.
  
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• The Trend In Office Real Estate That's 'About To Explode' - Forbes

  18-04-2017 17:19
  
  Forbes
  The Trend In Office Real Estate That's 'About To Explode'
  Forbes
  It was not long ago that co-working began taking the office sector by storm and baffling traditional office providers with its rapid rise in popularity, but there is a new disruptor in town: third-party non-core real estate providers. Breather's Hatton ...
  
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• Savanna sells 10 Madison Square West retail condo to TIAA real estate arm for $98M - The Real Deal Magazine

  18-04-2017 15:50
  
  The Real Deal Magazine
  Savanna sells 10 Madison Square West retail condo to TIAA real estate arm for $98M
  The Real Deal Magazine
  Savanna sold the retail condo at 10 Madison Square West for $97.5 million, three years after buying it for $60 million. TH Global Real Estate, a subsidiary of TIAA Global Asset Management, is the buyer of the 20,619-square-foot space on Fifth Avenue.and more »
  
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• Home construction slows moving into spring home-buying season

  18-04-2017 15:14
  
  Housing starts fell in March just as the housing market looks to have its hottest spring home-buying season in recent memory. And while building permits did increase a full 17% from last year, it was not driven by an increase in the single-family sector.
  
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• Bank of America net income soars 40% in first quarter

  18-04-2017 13:21
  
  Bank of America saw tremendous growth in its net income in the first quarter with an increase of 40%. The company’s earnings per share also increased 46% from last year. However, a decrease in mortgage income created a drag on noninterest income for consumer banking.
  
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• Real estate market: First quarter shows slow, steady growth - The Ridgefield Press

  18-04-2017 11:47
  
  The Ridgefield Press
  Real estate market: First quarter shows slow, steady growth
  The Ridgefield Press
  Ridgefield's real estate market appears to be holding steady with 72 houses and condominiums selling for a total of over $47.3 million in the first three months of 2017, compared to the 68 that sold for $44.5 million in the first quarter of 2016. Both ...and more »
  
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• 5 ways to handle difficult real estate clients and close the deal - Inman.com

  18-04-2017 10:35
  
  5 ways to handle difficult real estate clients and close the deal
  Inman.com
  Difficult clients come with the territory, but listening, putting yourself in your clients' shoes and educating can help alleviate challenging situations. As somebody who has been in the real estate industry for years, I would be lying if I said that ...and more »
  
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• ​How new technology is changing the face of luxury real estate - Pacific Business News (Honolulu)

  18-04-2017 04:01
  ​How new technology is changing the face of luxury real estate
  Pacific Business News (Honolulu)
  Technology is changing the way Realtors and photographers showcase luxury residential real estate properties, with cinematic videos beginning to replace virtual tours. Subscribe to get the full story. Already a subscriber? Sign in. Subscribe to get the ...and more »
  
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• DA's office seeking real estate fraud victims - The Salinas Californian - The Salinas Californian

  18-04-2017 02:21
  
  The Salinas Californian
  DA's office seeking real estate fraud victims - The Salinas Californian
  The Salinas Californian
  Two men are accused of defrauding victims by charging them fees for non-existent loans in Salinas, according to the Monterey County District Attorneys' Office.and more »
  
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• Trump is convinced CFPB Director Cordray will leave bureau on his own

  18-04-2017 00:09
  
  It’s no secret that President Donald Trump wants to fire the director of the Consumer Financial Protection Bureau, Richard Cordray. So what’s stopping him? According to a Politico article published Monday, Trump thinks he will soon be leaving on his own.
  
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• What Really Makes a Property Appreciate

  18-04-2017 00:00
  A home’s value generally appreciates 3 percent to 4 percent every year, but certain house features could boost a home’s value even...
  
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• The 10 Crowning Markets of the Spring Season

  18-04-2017 00:00
  Which housing markets are emerging as top performers this spring season?
  
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• How Owning a Home Pays Off at Tax Time

  18-04-2017 00:00
  Today is tax day! This may be the perfect day to remind your prospects about the advantage of owning a home when it comes to getting a tax break....
  
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• Builders Bet on Tiny Apartments

  18-04-2017 00:00
  Builders are going smaller with apartments, banking on a lure of tiny studios among the 20-something crowd. 
  
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