Real estate news

• Karen Cullen joins CrossCheck Compliance as director of compliance and fair & responsible lending

  17-04-2018 23:58
  
  CrossCheck Compliance announced Tuesday that Karen Cullen has joined the firm as a director in the firm’s compliance and fair & responsible lending practices. "Joining the Crosscheck team provides me the opportunity to work with some of the best compliance professionals in the industry. I look forward to collaborating with them to meet the needs of our clients," Culleb saud
  
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• Get Ready for the Rush: Homes Were Snapped Up in 2017

  17-04-2018 22:32
  If 2017 is any indication, buyers will be against an all-out frenzy this spring and summer.
  In 2017, the median listing was snatched up in 81 days—a record, according to data from Zillow. Competition was fiercest in June, with 73 days on-market for the median listing. (Closings are included in the timeline.) In almost every one of the 35 largest markets, homes moved quicker than they did in 2016:“As demand has outpaced supply in the housing market over the past three years, buying a
  
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• Teamwork and Collaboration

  17-04-2018 22:26
  In the following interview, Todd Priest, broker of HomeSmart PV & Associates in Modesto, Calif., discusses the advantages of the brand, challenges in the market, and more.
  Region Served: Stanislaus, San Joaquin, Merced and Fresno CountiesYears in Real Estate: 28Number of Offices: 3Number of Agents: 267Best Time Management Tip: Keep things simple and turn key tasks into habits.Favorite Time-Saving Tech Tool: HomeSmart’s paperless back-office system, which makes it easy to manage our tra
  
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• Housing Starts Overall Upsurge, While Single-Family Wanes

  17-04-2018 22:22
  Home-building in March picked up, with housing starts on a 1.9 percent surge and totaling 1.32 million, according to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). Single-family starts waned, down 3.7 percent to 867,000. Multifamily starts (five units or more) came in at 439,000.
  “The modest decline in single-family starts in March is still in line with our solid builder confidence readings and is largely attributable to lingering winter weather that is c
  
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• Mile-high appreciation

  17-04-2018 17:00
  
  Whether it's ranking America's highest rates of real estate appreciation or just its highest real estate, Washington and Colorado are top of the heap. Those states, which coincidentally have eight of the 10 highest peaks in the continental U.S., have six of the 10 Metropolitan Statistical Areas topping the most recent VeroFORECAST projections from Veros Real Estate Solutions. This week, Veros' Eric Fox takes a look at the high-performing area of Denver-Aurora-Bloomfield.
  
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• Bank of America’s problem with Loan Officers (and vice versa)

  17-04-2018 15:00
  
  So BofA is still doing mortgages, just the way in which they’re now categorized is “immaterial”?Such language comes as no surprise to loan officers. I didn’t take me long to find one who has a problem with Bank of America. In a message on LinkedIn, the LO tells me that, as a Loan Officer who has been on both sides — wholesale and retail — she’s never had a good experience with Bank of America. Here's why.
  
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• Show me less money? MBA reports mortgage profits nearly slashed in half

  17-04-2018 13:00
  
  According to its Annual Mortgage Bankers Performance Report, independent mortgage banks and mortgage subsidiaries of chartered banks made an average profit of $711 on each loan they originated in 2017, down from $1,346 per loan in 2016. That only puts half a dinner on the table and this is not good at all.
  
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• LERETA adds Bill Theisinger as chief technology officer

  17-04-2018 13:00
  
  LERETA, a national real estate tax and flood service provider, announced Tuesday morning that is has added Bill Theisinger as the company’s chief technology officer. Theisinger brings nearly 20 years of technology experience to his new role with LERETA, where he will focus on “creating business platforms that allow for greater efficiencies both internally and for the company’s customers.”
  
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• Does Your Work From Home Need Permits?

  17-04-2018 00:00
  Many cities and towns require freelancers and self-employed workers to apply for a permit to work from their residence. Learn what they're...
  
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