Real estate news

• Drought Intensifies for Starter Supply

  01-05-2018 22:37
  There is all-but-dried up inventory on the market—and, for buyers at the entry level, any available homes are likely priced out of reach, according to the March Zillow® Real Estate Market Report.
  “This year’s home-shopping season is shaping up to be even crazier than last, and, sadly, the group that will have the hardest time is first-time and lower-income homebuyers,” says Dr. Svenja Gudell, chief economist at Zillow. “These buyers will be competing for th
  
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• Your New MVP Offer

  01-05-2018 22:31
  NAR PULSE—Earning MVP rewards has never been easier. Download a free product or make a purchase from the REALTOR® Store by May 15 to automatically earn The Who, What, Where and How of Live Streaming and Video Marketing Webinar – Download. Act now!
  Visit NAR Booth No. 1707 at the REALTORS® ExpoVisit NAR Booth No. 1707 at the 2018 REALTORS® Legislative Meetings & Trade Expo, May 16-17 in Washington, D.C.! Get your .realtor™ web and email address; earn a reward wit
  
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• Taxes Filed—Time to Chill? Not So Fast, Says IRS

  01-05-2018 22:15
  (TNS)—The April 18 federal tax-filing deadline has come and gone. Your taxes are paid, and maybe you already have your refund in hand. Nothing to do now but sit back and chill for eight months or so, right?
  The Internal Revenue Service respectfully disagrees.
  Given recent changes in tax tables created by the Tax Cuts and Jobs Act of 2017, IRS officials are urging taxpayers to do a “paycheck checkup” and other double-checks, the better to avoid a possibly unpleasant surprise in
  
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• PeerStreet on the move, hires new chief real estate officer

  01-05-2018 22:11
  
  PeerStreet is moving aggressively toward growth with recent fund raising and a major hire to kick off the month of May. John Devereux will join the 2018 HW Tech100 winner as its chief real estate officer and spearhead PeerStreet's growth initiative.
  
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• This market is about to see a housing downturn

  01-05-2018 19:00
  
  With a projected -0.6% drop in home prices over the next year, Peoria and its surrounding MSA ranked the fifth lowest on Veros Real Estate Solutions VEROForecast for this year. Veros' Eric Fox explains that a recent move by manufacturer Caterpillar to relocate its headquarters from Peoria to Chicago may be the cause.
  
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• Will AI take the jobs of loan officers?

  01-05-2018 17:30
  
  [Expert commentary] While we have witnessed the rapid disruption in products and technology, many experts believe artificial intelligence will disrupt the human interaction with homebuyers and remove loan officers entirely from the equation. However, data does not suggest this will happen anytime soon. According to consumer research by PricewaterhouseCoopers, today’s borrowers prefer a combination of digital tools with knowledgeable advisors.
  
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• Walker & Dunlop expands South Florida capital markets team

  01-05-2018 00:52
  
  Walker & Dunlop recently announced the addition of Shannon Rex as senior vice president on its capital markets team. Rex is based out of the company’s Plantation, Florida office and will oversee securing financing for owners and developers of all commercial real estate asset classes. Rex brings more than 25 years of experience in the commercial real estate industry to his new role.
  
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• Acting Director Mulvaney setting up for big moves at CFPB?

  01-05-2018 00:50
  
  Consumer Financial Protection Bureau Acting Director Mick Mulvaney announced his latest change – a new chief communications officer for the bureau, and may be tipping his hand at bigger plans to come. Here’s more on his latest promotion, and on what it means for the agency.
  
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