Real estate news

• Small lenders and affordable housing groups issue joint GSE reform proposal

  28-06-2017 23:52
  
  Small lender and affordable housing association groups worked together to create a joint release of GSE reform principles in order to ensure the safety of their respective members. The release comes amid a growing number of housing groups discussing reforming Fannie Mae and Freddie Mac given the current administration’s intent to make reform a priority. Here are a few key highlights from the release.
  
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• LoyaltyExpress plans expansion after investment from New Capital Partners

  28-06-2017 23:45
  
  LoyaltyExpress, a provider of marketing automation and CRM solutions for mortgage companies and banks, announced Wednesday that it secured an investment from New Capital Partners, a private equity firm focused on financial and health care services. LoyaltyExpress said that the company plans to use the money to grow it business.
  
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• Real Estate Maui Now Hot Picks - Maui Now

  28-06-2017 23:33
  Maui Now
  Real Estate Maui Now Hot Picks
  Maui Now
  Each month, the Realtors Association of Maui release their monthly data regarding house prices throughout Maui. For the month of May, home sales were down and prices on Maui were up from month before levels with a total of 95 homes sold for a median ...
  
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• Urban Institute: Access to credit stays tight as FICO scores drop

  28-06-2017 23:32
  
  FICO scores for originations dropped in April, but it wasn't from a loosening in credit for homebuyers. In fact, credit access remains historically tight for homebuyers, Urban Institute’s new report shows. However, it may not remain that way for long.
  
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• Feds looking into Bernie Sanders' wife over real estate deal - The Daily Herald

  28-06-2017 22:55
  
  The Daily Herald
  Feds looking into Bernie Sanders' wife over real estate deal
  The Daily Herald
  MONTPELIER, Vt. — A spokesman for the wife of U.S. Sen. Bernie Sanders says she has hired a lawyer as federal investigators examine a real estate deal involving a Vermont college she once ran. Federal investigators are looking into the finances behind ...
  Jane Sanders Lawyers UpPOLITICO Magazine
  Bernie and Jane Sanders, under FBI investigation for bank fraud, hire lawyersCBS News
  Sanders Deflect
  
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• NBA star Stephen Curry to take on golf pros in Ellie Mae Classic

  28-06-2017 22:53
  
  Any time Stephen Curry steps on the court (even if he’s surrounded by a team of all-stars), he is almost always the best player out there. And while Curry is used to testing himself against other NBA stars and coming out on top, he’s about to test himself in a whole new arena. Or a course, as it were.
  
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• Hamptons Cheat Sheet: Brokers dish on the slow market, Jackie O's former summer house gets chic $4M haircut ... - The Real Deal Magazine

  28-06-2017 22:50
  
  The Real Deal Magazine
  Hamptons Cheat Sheet: Brokers dish on the slow market, Jackie O's former summer house gets chic $4M haircut ...
  The Real Deal Magazine
  The former summer home of Jackie Kennedy Onassis is now asking about $35 million, down from its original ask of $39 million, Curbed reported. The seven-acre estate at 121 Further Lane, dubbed “Lasata,” contains a 10-bedroom main house, pool, and a ...
  
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• Feds looking into Bernie Sanders' wife over real estate deal - Santa Rosa Press Democrat

  28-06-2017 22:09
  
  Santa Rosa Press Democrat
  Feds looking into Bernie Sanders' wife over real estate deal
  Santa Rosa Press Democrat
  MONTPELIER, Vt. — Federal investigators are looking into the finances behind a real estate deal for a now-defunct college put together by the wife of U.S. Sen. Bernie Sanders, and she has hired a lawyer to look after her interests, a family spokesman ...
  Jane Sanders Lawyers UpPOLITICO Magazine
  Bernie and Jane Sanders, under FBI investigation for bank fraud, hire lawyersCB
  
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• Pending Home Sales Flop

  28-06-2017 22:07
  
  Pending home sales flopped in May as inventory continued to drag on the housing market, down 0.8 percent in the National Association of REALTORS® (NAR) Pending Home Sales Index (PHSI). The PHSI posted 108.5 in May, down from 109.4 in April. The Index is based on contract signings.
  The ongoing supply shortages that are propping up home prices in many metro areas caused pending home sales in May to slump for the third consecutive month, according to the National Association of Realtors. (PRNew
  
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• Trulia: Limited Listings, Limited Window

  28-06-2017 22:05
  
  Housing markets most squeezed by inventory shortages in recent years are seeing listings come off the market in record time.
  The recently released Trulia® Inventory and Price Watch identifies an ongoing trend in the housing market: the more inventory declines, the less time homes spend on the market. Supply kept falling in the second quarter of 2017, down 8.9 percent year-over-year, marking a record nine quarters in a row.
  According to Trulia, there is a link between the movement of availabl
  
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• Hispanics to Begin Bridging Gap in Homeownership Rate

  28-06-2017 22:04
  
  The Hispanic homeownership rate is trailing behind the white homeownership rate, at 26 percent below the white homeownership rate in 2015—a catch-up, though gradual, from 29 percent in 1995.
  Hispanics could, however, make strides to bridge the gap in the future, according to a recent Insight from Freddie Mac. The Insight determines the disparity between the Hispanic homeownership rate and the white homeownership rate will lessen 3 percent by 2025 and 5.1 percent by 2035, with differing sha
  
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• New Ad Campaign Encourages Consumers to ‘Get REALTOR®’

  28-06-2017 22:03
  
  As a real estate broker, you’re affiliated with two key brand identities—your office’s brand (whether independent or franchised) and the REALTOR® brand, shared with thousands of other brokerages. The REALTOR® brand is an important and impressive membership mark that identifies you and your agents as upholding a strict Code of Ethics while serving as consumer advocates in real estate transactions.
  A New CenturyThe REALTOR® brand has a long and distinguished history s
  
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• Monmouth Real Estate Announces New Acquisition In The Miami, Florida MSA - PR Newswire (press release)

  28-06-2017 21:46
  
  Monmouth Real Estate Announces New Acquisition In The Miami, Florida MSA
  PR Newswire (press release)
  FREEHOLD, N.J., June 28, 2017 /PRNewswire/ -- Monmouth Real Estate Investment Corporation (NYSE: MNR) today announced the acquisition of a new 237,756 square foot industrial building located at 27200 SW 127th Avenue, Homestead, FL at a ...and more »
  
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• Collin County real estate sets records in May - Star Local Media

  28-06-2017 21:44
  
  Collin County real estate sets records in May
  Star Local Media
  Collin County real estate continued to build momentum in May, setting records for new listings, listings under contract and median sales price. Data from the Collin County Association of Realtors (CCAR) is indicative of the busy housing market that has ...
  
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• Real estate legend John Daugherty reveals surprising lessons learned in 50-year career - CultureMap Houston

  28-06-2017 21:06
  
  CultureMap Houston
  Real estate legend John Daugherty reveals surprising lessons learned in 50-year career
  CultureMap Houston
  Executive vice president Anne Incorvia, founder and CEO John Daugherty, and president and COO Cheri Fama celebrate the 50th anniversary of John Daugherty Realtors at River Oaks Country Club. Courtesy photo. When Lawrence Marcus returned to ...
  
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• Real Estate Showdown: Seattle Vs. Boise - Patch.com

  28-06-2017 21:04
  
  Patch.com
  Real Estate Showdown: Seattle Vs. Boise
  Patch.com
  The median price of a home in Seattle is now $729,000. What can you buy for that much in Boise? By Neal McNamara (Patch Staff) - Updated June 28, 2017 3:01 pm ET. Real Estate Showdown: Seattle Vs. Boise. SEATTLE, WA - People of ordinary means got ...
  
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• Trump officially names National Credit Union Administration chair

  28-06-2017 20:57
  
  After serving in the position as acting board chairman, President Donald Trump officially named J. Mark McWatters as chairman of the National Credit Union Administration Board, effective June 23. The decision makes McWatters the tenth chairman of the association.
  
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• The Jill Biggs Group Recognized Among Nation's Top Real Estate Teams By Real Trends - Patch.com

  28-06-2017 20:35
  
  Patch.com
  The Jill Biggs Group Recognized Among Nation's Top Real Estate Teams By Real Trends
  Patch.com
  The Jill Biggs Group was ranked among the nation's top performing real estate teams for 2016 with more than $115 million in volume sales. By Charlotte Parrott (Patch Staff) - Updated June 28, 2017 2:29 pm ET. The Jill Biggs Group Recognized Among ...
  
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• Real Estate Roundup: Self-Storage Transactions June 2017 - Inside Self-Storage

  28-06-2017 20:29
  Real Estate Roundup: Self-Storage Transactions June 2017
  Inside Self-Storage
  Self-storage properties are constantly changing hands, and Inside Self-Storage is regularly notified of these market transactions. Many are covered in detail on the ISS website and available for viewing on the “Real Estate” topics page. Following are ...and more »
  
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• Real Estate Executive Massey Ends Campaign for New York Mayor - Bloomberg

  28-06-2017 19:32
  
  Bloomberg
  Real Estate Executive Massey Ends Campaign for New York Mayor
  Bloomberg
  Paul Massey, president of New York investment sales for real estate brokerage Cushman & Wakefield Inc., ended his run for New York mayor, citing the high expenses associated with trying to unseat Bill de Blasio. “Unfortunately, the cost of running for ...and more »
  
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• Falling inventory forces homebuyers to move at fastest pace ever

  28-06-2017 19:07
  
  As housing inventory falls, competition rises for homebuyers whose demand remains unwavering amid rising home prices. In fact, many buyers, especially Millennials, are increasingly placing an offer on homes before actually seeing them in person.
  
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• Better Mortgage offering $1,000 guarantee that it can beat other lenders’ pricing

  28-06-2017 18:54
  
  Better Mortgage, an online mortgage lender, is now offering borrowers a guarantee that its mortgage is cheaper than any other lenders’ options, and the lender is putting its money where its mouth is. Better Mortgage now guarantees that it will beat any competitor’s loan estimate by $1,000. If not, Better will give the borrower $1,000.
  
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• Fed's Kashkari explains why he voted against raising interest rates

  28-06-2017 17:47
  
  The Federal Open Market Committee voted to raise the federal funds rate for the second time this year in its June meeting, but not all committee members were on board with the decision. As the only dissenting vote the past two times the FOMC elected to increase interest rates, Federal Reserve Bank of Minneapolis President Neel Kashkari explains his reasoning.
  
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• Only 14% Of Speakers At European Real Estate Events Are Female. This Organisation Will Change That - Bisnow

  28-06-2017 17:46
  
  Bisnow
  Only 14% Of Speakers At European Real Estate Events Are Female. This Organisation Will Change That
  Bisnow
  Women make up 50% of the world's population, and even in the gender-imbalanced U.K. real estate industry, around 20% of professionals are female, meaning 14% is an underrepresentation of an underrepresentation. But a new organisation is trying to ...and more »
  
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• Home Point Financial grows third-party origination channel

  28-06-2017 17:09
  
  Home Point Financial Corp. only recently wrapped up its acquisition of Stonegate Mortgage Corp., significantly growing its lending operations. However, its plans for growth don’t end there. The lender announced it is now expanding its third party origination channel.
  
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• Pending home sales drop for third consecutive month

  28-06-2017 15:59
  
  Pending home sales dropped in May for the third consecutive month, and now the National Association of Realtors says the housing market could be topping off. But this drop varies not only by geographical region, but changes significantly from the bottom end of home prices to the high end.
  
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• Here's how to protect your mortgage business from the recent, global cyber attack

  28-06-2017 15:47
  
  Perhaps the most distrubing aspect of the attack, from a financial institution's perspective, is that it originated in a third-party service provider, proving that hackers have identified one of the weak spots in the financial ecosystem. In their attempts to automate the mortgage process, banks and other financial institutions rely on third-party providers to deliver a wide range of services and often have dozens of integrations with these providers.
  
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• China Emerges As A Player In Industrial Real Estate And That Is Good News For The Sector - Forbes

  28-06-2017 15:34
  
  Forbes
  China Emerges As A Player In Industrial Real Estate And That Is Good News For The Sector
  Forbes
  Thanks to good locations and low risk, industrial real estate has long been an attractive asset class for foreign investors, with one notable exception — China. That has changed over the past 12 months, and in a major way that signals the bull market ...and more »
  
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• How Whole Foods' Real Estate Assets Could Help Amazon Deliver The Goods - Forbes

  28-06-2017 12:43
  
  Forbes
  How Whole Foods' Real Estate Assets Could Help Amazon Deliver The Goods
  Forbes
  You've probably heard about how Amazon's $13.7 billion acquisition of Whole Foods bumped up the share prices of both companies in the days following the announcement, and about how it could have far-reaching effects on the grocery business, the retail ...
  Whole Foods Market (WFM) Stock Price, Financials and News | Fortune 500Fortune
  News | HungryForever Food BlogHungryForeverall 376 news articles &ra
  
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• What goes into 'quality' real estate photography? - Inman.com

  28-06-2017 11:06
  
  Inman.com
  What goes into 'quality' real estate photography?
  Inman.com
  Quality photography is defined differently by different agents, but the key is turning out a professional product. Get the latest marketing strategies & tools. Learn what top producers are using to grow at Connect SF, Aug 7-11, 2017. Learn More. With ...
  
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• Emmitt Smith Ditches Eponymous Real Estate Company for New, Eponymous Real Estate Company - Dallas Observer

  28-06-2017 11:04
  
  Dallas Observer
  Emmitt Smith Ditches Eponymous Real Estate Company for New, Eponymous Real Estate Company
  Dallas Observer
  Dallas Cowboys legend and NFL Hall-of-Famer Emmitt Smith announced Tuesday that he's leaving the real estate brokerage he helped start in order to start — get this — a new real estate company. Four years ago, Smith founded E Smith Realty Partners ...
  Former Cowboys star Emmitt Smith departs real estate firm he ...Dallas News (blog)all 10 news articles »
  
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• This marketing technique works wonders for Australian real estate site - Inman.com

  28-06-2017 09:16
  
  Inman.com
  This marketing technique works wonders for Australian real estate site
  Inman.com
  Domain, the Australian real estate site owned by Fairfax Media (ASX: FXJ), reckons its transformation from the “other” property site into a serious contender for the market-leading spot was due to a renewed focus on its parent company's specialty ...
  
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• Fite Group inks 'strategic alliance' with NYC real estate agency - Palm Beach Daily News

  28-06-2017 02:57
  
  Palm Beach Daily News
  Fite Group inks 'strategic alliance' with NYC real estate agency
  Palm Beach Daily News
  The Fite Group has announced it has signed an agreement with New York City-based TOWN Residential real estate agency to share marketing strategies and provide exclusive referrals among the agencies and their affiliates. Photo courtesy of The Fite ...and more »
  
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• CFPB issues implementation date guidance to mortgage servicing rule

  28-06-2017 00:51
  
  The Consumer Financial Protection Bureau released updated guidance along with technical corrections to the final mortgage servicing rule that is set to go into effect on Oct. 19. Given the nature of the two documents released, neither will be open for comment. One key area that CFPB does address is the industry’s concern about the rule going into effect on a Thursday. Here’s the bureau’s response.
  
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• Guaranteed Rate partners with FormFree, cuts loan closing times by 5-10 days

  28-06-2017 00:19
  
  Guaranteed Rate and FormFree announced Tuesday that Guaranteed Rate is now closing mortgages between five and 10 days faster than its previous average thanks to the company’s adoption of FormFree’s AccountChek automated asset verification system.
  
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• Wealthy Buyers Back Off Mortgage Demand

  28-06-2017 00:00
  
  “We’re seeing indications that entry-level buyers continue to come into the market as jumbo borrowers looking at bigger homes step...
  
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• Millions of Owners Are Missing Out on Savings

  28-06-2017 00:00
  
  Nearly 4.5 million borrowers are eligible to refinance and could lock in savings on their monthly mortgage payments but have not taken advantage,...
  
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• Convicted Rapist Targeted Real Estate Agents

  28-06-2017 00:00
  
  A Pennsylvania judge has upheld the sentence of a man convicted of attempted rape charges who was fixated on real estate agents.  
  
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• Contract Signings Pull Back on Supply Woes

  28-06-2017 00:00
  
  Ongoing inventory shortages are biting into your sales this summer. Read more from NAR’s latest pending home sales report. 
  
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• 5 First-Year Mistakes New Owners Make

  28-06-2017 00:00
  
  Help your clients enjoy their first year of homeownership by helping them dodge these costly traps.
  
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• 30 Cities Where Water Costs Have Soared

  28-06-2017 00:00
  
  Residents of some cities have found themselves paying as much as 150 percent higher prices for water over the last few years.
  
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