Residential News

Real Estate Real estate development, sales, and market trends.

  • Do you make enough to buy a home in America’s most expensive cities?
    on February 16, 2018 at 8:10 pm

    As home prices rise across the U.S., and wage increases fail to keep up, affordability continues to slip. Using data from the National Association of Realtors, here are the top seven most expensive cities in the U.S., and how much homebuyers need to earn in annual income to afford to buy a home. […]

  • New home construction sets strong pace for 2018
    on February 16, 2018 at 4:42 pm

    Housing starts increased in January, starting 2018 off at a strong pace; however, it is unclear if that pace will continue. While some experts are predicting a booming year for housing starts, others say January’s pace could have been better. […]

  • Builder confidence in future sales expectations reaches post-recession high
    on February 15, 2018 at 6:34 pm

    Builder confidence remained high in February, and their confidence in future sales expectations even reached a post-recession high. NAHB explained builders are excited about the pro-business political climate that will strengthen the housing market and support overall economic growth. […]

  • ATTOM Data Solutions acquires Onboard Informatics
    by cbasile@housingwire.com on February 15, 2018 at 5:01 am

    Data provider ATTOM Data Solutions has acquired Onboard Informatics, a neighborhood data and data-enabled turnkey product provider. Onboard’s neighborhood-focused data will be integrated into ATTOM’s Data Warehouse and the new, combined data will be available through ATTOM’s delivery solutions, including its bulk file licenses, APIs and customized reports. […]

  • Blackstone shuffles leadership, names Jon Gray president and COO
    by cbasile@housingwire.com on February 14, 2018 at 8:09 pm

    Blackstone announced Tuesday that President and Chief Operating Officer Tony James will be handing over daily management of the firm to Jon Gray, global head of real estate. Taking over Gray's old job is Ken Caplan and Kathleen McCarthy, who will serve as global co-heads of the firm's real estate business. […]

  • Fair housing groups go head-to-head with Trump’s budget proposal
    on February 14, 2018 at 5:09 pm

    "Housing benefits are under attack," or so says the National Low Income Housing Coalition as it calls on Congress to reject President Donald Trump’s 2019 budget proposal. The NLIHC says the budget slashes federal housing benefits that help millions of low-income seniors, people with disabilities, families with children, low-wage workers, veterans and other vulnerable people afford their homes. […]

  • Real estate technology company Homesnap secures $14 million in funding
    by blane@housingwire.com on February 13, 2018 at 10:18 pm

    Homesnap, a real estate technology company that provides a mobile productivity app and marketing platform for real estate brokers, agents and clients, announced this week that it plans to grow its offerings thanks to $14 million in new funding. The new investment brings the total capital raised by Homesnap to more than $32 million. […]

  • Nearly two-thirds of U.S. housing markets see home prices hit all-time high
    on February 13, 2018 at 4:49 pm

    The National Association of Realtors reported as housing inventory sank to its all-time low during the fourth quarter, home prices increased, creating all-new highs in many U.S. markets. A majority of the country saw an upswing in buyer interest at the end of last year, which ultimately put even more strain on inventory levels and prices. […]

  • Lennar completes CalAtlantic merger
    by cbasile@housingwire.com on February 12, 2018 at 11:59 pm

    Lennar has completed its previously announced merger with CalAtlantic, creating the nation’s largest homebuilder. Lennar will now own or control approximately 250,000 home sites and be actively selling homes in 1,300 residential communities in 21 states. […]

  • Trump’s proposed 2019 budget gives HUD’s funding a boost
    on February 12, 2018 at 7:18 pm

    President Donald Trump announced today his proposal for the fiscal year 2019 budget, which would allot for a slight bump in funding for the U.S. Department of Housing and Urban Development. Under the new proposal, the administration focuses on several key initiatives, including ending homelessness. […]

  • Altisource Residential changing its name to Front Yard Residential
    by blane@housingwire.com on February 9, 2018 at 10:16 pm

    Altisource Residential, apparently tired of being confused with Altisource Portfolio Solutions and Altisource Asset Management, announced Friday that it plans to change its name to Front Yard Residential. According to the company, the name change will take effect on Feb. 21, 2018. […]

  • Real estate team closes third Bitcoin-only transaction in Florida
    by cbasile@housingwire.com on February 9, 2018 at 9:43 pm

    The Keyes Company’s Elizabeth Perez Team completed a Bitcoin-only sale of a Miami townhouse on Wednesday. Manuel Perez of the Coral Gables, Fla.-based realty team closed the sale for 41.35 Bitcoin, or $338,878, at the time of sale. […]

  • Detroit suddenly reverses ban on Airbnb hosts
    on February 9, 2018 at 6:32 pm

    Just a few days after the city of Detroit started handing out cease and desist orders to some of its downtown Airbnb hosts, the city council voted to lift the ban. After going into effect Tuesday, it appears many of the city’s officials were caught off guard by the change, which was hidden as one sentence in a 200-page update to the city’s zoning code. […]

  • Detroit cracks down on Airbnb rentals
    on February 8, 2018 at 9:29 pm

    The city of Detroit, Michigan, recently voted to ban Airbnb in some of the city’s zones and is now sending out cease and desist letters. A new update went into effect Tuesday making it illegal for property owners in the city's R1 and R2 zones to rent out rooms in a home or apartment. […]

  • Americans gain confidence in housing as home prices rise
    on February 7, 2018 at 6:15 pm

    Fannie Mae’s latest survey shows Americans continue to gain confidence in the housing market, not just despite, but even because of rising home prices. Over the past year, home prices have continued to rise, threatening affordability, and housing inventory is falling dangerously low. However, despite these setbacks, Americans continue to hold a positive view of the housing economy. […]

  • NAR: Renters say they want to own a home
    on February 7, 2018 at 5:02 pm

    About 75% of current non-homeowners say they would like to own a home one day, and consider it as part of the American Dream. However, the reasons why they want to buy a home, or more specifically, one major reason that isn’t a factor in their decision, might come as a surprise. […]

  • loanDepot taps former Keller Williams CEO Chris Heller to lead mello Home
    by cbasile@housingwire.com on February 7, 2018 at 4:26 pm

    In January, loanDepot revealed its ambitions to expand beyond lending and into facilitating the entire real estate transaction through a new service called mello Home. On Wednesday, the company announced it has hired former Keller Williams CEO Chris Heller to lead that initiative. […]

  • Operationalizing the digital real estate transaction, from start to eClose
    on February 6, 2018 at 10:01 pm

    [Expert commentary] Another year has passed and like previous years, we saw tremendous energy and effort dedicated to encouraging widespread adoption of electronic real estate transactions. And yet, we’re still not there. For large numbers of eClose transactions to become scalable and industry-wide, it must work for everyone across the end-to-end fulfillment process without the friction that currently exists. […]

  • CoreLogic: Home prices to reverse course in January
    on February 6, 2018 at 5:10 pm

    Home prices are increasing both month-over-month and annually, but that could soon reverse course and drop in January, according to CoreLogic's Home Price Index. But for now, more than one-third of the nation’s largest metro area housing markets are considered overvalued. […]

  • Las Vegas sees boom in housing starts
    on February 5, 2018 at 10:54 pm

    Housing starts in Las Vegas, Nevada, surged to housing boom levels at the end of 2017. However, these new homes are increasingly being built as more expensive, trade-up homes. In 2016, 42% of homes built were priced below $300,000, but in 2017, only 21% were built below that price line. […]