Real estate news

• A ‘Mile High’ Repeat? Market in the Mountains on the Rise

  26-02-2018 22:10
  Denver is one the hottest housing markets in the nation—and its come-up is happening now in Salt Lake City, realtor.com® reports.
  Analysts at realtor.com anticipate home prices will increase 4.5 percent, and sales 4.6 percent, in Salt Lake City—comparable to what happened in the Mile High City in its rise to the top.
  “In just a handful of years, an influx of jobs and millennials drove Denver’s housing market from strong and stable to rising like the Rockies,
  
  Read more

• Integrating Personal Interest With Valuable Real Estate Knowledge

  26-02-2018 22:07
  In the following interview, Chris Carbone, owner and principal broker of HomeSmart Homes and Estates in Montgomery, N.Y., discusses the advantages of the brand, market trends, and more.
  Region Served: Lower Hudson ValleyYears in Real Estate: 19Number of Offices: 3Number of Agents: 52Top Tip for Staying Organized: Carve out time for daily huddles with your team each and every morning.Favorite Way to Unwind: Preparing a nice meal, all the way from picking up fresh produce to presentation.
  Please d
  
  Read more

• New-Home Sales Skid in January

  26-02-2018 22:02
  New-home sales skidded in January, with sales of new, single-family homes down 7.8 percent to 593,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). The average new-home sales price was $382,700, while the median was $323,000. New-home listing inventory was 301,000—6.1-months supply.
  “The moderation in new-home sales may be attributable to the interest rate environment, which could be causing short-term market volatility,” said M
  
  Read more

• Home Prices Relax Ahead of Spring

  26-02-2018 22:00
  The brakes are on growing home prices, with appreciation at 6.7 percent—the lowest rate since November 2016, according to the January Zillow® Real Estate Market Report. Appreciation hit 7.6 percent in May 2017 but tempered through the year.
  The deceleration could give homebuyers hope this spring, says Aaron Terrazas, senior economist at Zillow.
  “Home values are still growing very quickly relative to historic norms,” Terrazas says. “After years of intense competition,
  
  Read more

• Advertisement

• Volatile Market Threatens Retirement Real Estate

  26-02-2018 21:57
  The stock market has been on a volatile patch after plunging nearly 1,600 points at the beginning of February—and, while stable now, consumers and investors are watching closely. With many public pension plans tied to stocks, the incoming retirement community is hoping for a full recovery to recoup losses.
  Many public pensions have already reported a loss. The California Public Employees’ Retirement System—the largest public pension fund in the nation—lost $18.5 billion i
  
  Read more

• Radian adds new head of technology and transaction services

  26-02-2018 21:53
  
  Changes keep rolling in at Radian just two weeks after shaking up its sales team. The private mortgage insurance services company also just promoted Derek Brummer to senior EVP of mortgage insurance and risk services.
  
  Read more

• Rick Sharga returns to Carrington Mortgage Holdings

  26-02-2018 20:46
  
  Carrington Mortgage Holdings announced industry veteran Rick Sharga rejoined the company as an executive vice president. Sharga will serve as Carrington’s primary spokesperson and oversee public relations and communications, as well as branding and marketing for all of Carrington’s companies, the company said.
  
  Read more

• Ask the Underwriter: My borrower owes a federal tax debt to the IRS… Is this mortgage deal dead?

  26-02-2018 19:00
  
  Question: My borrower owes the IRS approximately $16,000 for tax years 2016 and 2017. They have $20,000 in savings, but were hoping to use that money as a down payment to purchase their first home. Is there a way to get them approved without making them pay off the entire tax debt first or is this a dead deal until it is paid? And the answer is...
  
  Read more

• Advertisement

• Deborah Dubois appointed president of MBA Opens Doors Foundation

  26-02-2018 13:01
  
  On Monday, the Mortgage Bankers Association announced Deborah Dubois has been named president of its Opens Doors Foundation. Dubois will serve as the chief executive of the foundation and be responsible for spearheading the development and execution of a long-term strategic plan, growing the foundation’s donor base and overseeing the organization’s day-to-day activities, MBA said.
  
  Read more

• HousingWire launches online career center HousingJobs

  26-02-2018 10:09
  
  At HousingWire, we strive to better serve our highly engaged community and our goal is to connect quality candidates with the best opportunities, while eliminating the white noise found on all other job search and social platforms. Click to read more about HousingJobs.com, our new online career center created exclusively for mortgage and real estate talent.
  
  Read more

• Monday Morning Cup of Coffee: MBA president slams "defamatory" mortgage industry report

  26-02-2018 06:01
  
  MBA President and CEO David Stevens claps back at a report about the extent of discrimination in lending. Reuters reports surging bonds could “pinch” homeowners and retirees, and we finally learn the identity of the mystery buyer who bought the most expensive home in NYC. Here’s your Monday Morning Cup of Coffee.
  
  Read more

Follow @RealEstate_Nws_ on Twitter!