Residential News

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

  • HUD proposes raising rent for people receiving federal housing subsidies
    by blane@housingwire.com on April 25, 2018 at 9:51 pm

    Claiming that the current system of providing federal housing subsidies to low-income renters is “convoluted” and “unsustainable,” the Department of Housing and Urban Development is proposing sweeping reforms to its housing assistance programs. The main tenet of the proposal is raising the rent on roughly half of those who currently receive housing subsidies. […]

  • Who are today’s homebuyers?
    on April 25, 2018 at 8:35 pm

    New demographics have emerged as the leaders in the home buying market in 2018, according to a new report from Veritas Urbis Economics. In its new report, the company said homebuyers are increasingly “women, graying and without children.” Those are three separate categories, not one. […]

  • FHFA: Home prices still on the rise
    on April 24, 2018 at 5:42 pm

    Home prices are still on the rise, increasing once again in February. But one expert said a rise in debt-to-income ratios looks to have supported house price gains over the past few months but, with mortgage interest rates now on the rise, he still expects a slight moderation in growth this year. […]

  • Rolling the dice on Atlantic City
    on April 24, 2018 at 4:28 pm

    The Atlantic City-Hammonton, New Jersey Metropolitan Statistical Area boasts a legendary boardwalk and coastline but is now as well known for its bankrupt casinos. And, rather than a growing population with an expanding economy, the region remains on a downward trend, with a projected -2.9% depreciation. […]

  • Case-Shiller reports increase in home price growth
    on April 24, 2018 at 2:34 pm

    Home prices increased across the U.S. in February, picking up the pace in annual price gains. This run, which is still ongoing, compares to the previous long run from January 1992 to February 2007. And with expectations for continued economic growth and further employment gains, the current run of rising prices is likely to continue. […]

  • HUD investigates Facebook (again) over housing discrimination ads
    on April 23, 2018 at 10:06 pm

    Earlier this year, the U.S. Department of Housing and Urban Development halted its investigation into fair housing violations within Facebook ads, but now, that investigation has been reopened. Here’s why. […]

  • Freddie Mac: Home sales will struggle to rise above current levels
    on April 23, 2018 at 7:55 pm

    Home sales will struggle to rise above their current levels as housing inventory continues to shrink. Freddie Mac explained that while income growth could cause the housing market to post modest growth, it may not rise much above its current levels. […]

  • Existing home sales increase for second consecutive month
    on April 23, 2018 at 5:46 pm

    Existing home sales increased in March for the second consecutive month, however as inventory shortages persist, home sales continue to fall below last year’s levels. One expert explained it’s hard to sell homes in large numbers when there’s so few available to buy, and that raises the question of whether the market has reached or surpassed its peak sales volume given current conditions. […]

  • Black Knight: Delinquencies drop to 12-month low
    on April 20, 2018 at 7:57 pm

    National delinquencies fell in March to a 12-month low, including a decrease of 19,500 serious delinquencies in hurricane-devastated areas. However, this may not reflect that hurricane areas are getting better, in fact, it could mean they’re getting worse. […]

  • RealPage continues growing, set to acquire ClickPay for $218 million
    by blane@housingwire.com on April 20, 2018 at 7:32 pm

    RealPage, a provider of software and data analytics to the real estate industry, went on quite the run of acquisitions last year, acquiring four different companies throughout the year. As it turns out, RealPage isn’t done yet. The company announced Friday that it is acquiring ClickPay, an electronic payment platform servicing 2.3 million units across the multifamily, HOA, condominium and co-op segments of real estate, in a $218 million deal. […]

  • This is what sells for $1.23 million in the San Francisco area
    on April 20, 2018 at 3:37 pm

    Think home prices in your area are unaffordable? If you live in California, especially the Bay Area, you might be right. For everyone else, reading this article might help you feel better about home prices in your area. […]

  • Construction sees most growth since first quarter of 2016
    on April 19, 2018 at 5:38 pm

    Construction growth saw a surge in the fourth quarter of 2017 to the highest level since the beginning of 2016. Even as the number of new homes constructed continues to struggle, the increasing GDP within the construction industry gives hope that new home construction will soon see a surge. […]

  • Lennar names new CEO for first time in 21 years
    by blane@housingwire.com on April 19, 2018 at 5:10 pm

    Lennar, which became the nation’s biggest homebuilder earlier this year when it bought fellow homebuilder CalAtlantic Group in a $9.3 billion deal, announced recently that it is making a series of executive changes. The changes, which consist of promoting several of the company’s leaders, mark the first significant shakeup of the company’s leadership in some time. […]

  • Over half of U.S. metros surpass pre-recession peak prices in Q1
    on April 19, 2018 at 4:01 am

    During the first quarter of 2018, 54% of U.S. metros posted median home prices that surpassed their pre-recession peaks. Metros with the highest increases from their pre-recession peaks were up as much as 69% from the previous peak. […]

  • Altisource names Patrick McClain senior vice president, Hubzu Auction Services
    by cbasile@housingwire.com on April 18, 2018 at 3:58 pm

    Altisource announced this week it has named Patrick McClain as senior vice president of Hubzu Auction Services. In his new role, McClain will be responsible for driving the growth of Hubzu’s residential online marketing and auction business and oversee product innovation for the company's online auction, live auction, short sale, claims without conveyance of title and national brokerage services businesses. […]

  • First-time homebuyers struggle amid rising affordability challenges
    on April 18, 2018 at 3:51 pm

    A new study from NAR and realtor.com shows affordability continues to slip across the U.S., falling even further from last year as home prices continue to rise and mortgage rates increase. NAR explained that while wages are increasing, so are home prices. Here’s what can be done to combat the rising affordability issues. […]

  • New construction surges – but not for single-family
    on April 17, 2018 at 4:59 pm

    New construction surged in March, however, the increase did not carry over into the single-family sector. But while some experts were highly critical of the report, others said it actually held good news for the housing industry. […]

  • Mile-high appreciation
    on April 17, 2018 at 3:00 pm

    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-Broomfield. […]

  • LERETA adds Bill Theisinger as chief technology officer
    by blane@housingwire.com on April 17, 2018 at 11:00 am

    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.&rdquo […]

  • Crowdfunding platform DiversyFund plans $50M investment in multifamily, commercial real estate
    by blane@housingwire.com on April 16, 2018 at 10:05 pm

    DiversyFund, a crowdfunding platform that specializes in real estate investing, is launching a new fund that will target multifamily and commercial real estate. The company is planning to raise $50 million for the fund with a minimum investment of $5,000, and claims that the fund’s projected returns are between 15% and 20% per year. […]