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Real Estate News

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

  • Capital Economics: Interest rates expected to climb much higher in 2019
    on September 21, 2018 at 9:33 pm

    Rising interest rates are predicted to slow consumption and investment growth in 2019, according to the latest U.S. economics data from Capital Economics. This spike in market interest rates is already contributing to higher borrowing costs for households and businesses. […]

  • Crowdfunding lending platform GROUNDFLOOR raises $4.2 million for itself, through crowdfunding
    on September 21, 2018 at 6:06 pm

    GROUNDFLOOR, a real estate lending platform that raises its loan funds via crowdfunding from the public, recently announced it raised an additional $4.2 million for itself in 2018, ultimately bringing its total for the last two years to $6.2 million. […]

  • Consumers can now freeze their credit for free
    by blane@housingwire.com on September 21, 2018 at 5:09 pm

    It hopefully just got a little more difficult for scammers to abuse someone’s credit information, because, as of Sept. 21, 2018, consumers can now freeze their credit at all three of the major credit reporting agencies, for free. Consider this one the “Equifax rule.&rdquo […]

  • Airbnb petitions SEC for rule change to allow hosts to become shareholders
    on September 21, 2018 at 3:07 pm

    Airbnb is asking the Securities and Exchange Commission for a rule change so its hosts can become part owners in the company, according to a report from CNBC’s Sara Salinas. The rule in question is Rule 701, an SEC rule governing equity awards of private companies. The changes proposed would allow “gig economy” workers to take up shares in the company. […]

  • Here are 4 "buy" cities for multifamily investment
    on September 21, 2018 at 2:44 pm

    Scouring the nation for your next cash cow multifamily acquisition? Look no further than these four underrated cities RealPage says have great upside. Things are a little too competitive for to be profitable for many investors in the primary markets. RealPage’s picks are not the sexiest markets, but their fundamentals are solid and their growth potential make them worthy candidates for investment. […]

  • Apartment List: Housing legislation can't make it through Congress
    on September 21, 2018 at 2:41 pm

    Out of the 10,222 bills introduced so far in the 115th Congress, only 115 of those had to do with housing and of those 115, not a one made it to the Oval Office. According to a report from Apartment List, despite growing national concern regarding the housing affordability crisis, what few potential solutions are being put forth, can’t make through Congress because they are not a priority. […]

  • MG Capital adds J.P. Morgan Executive Director Joanna Koutsos to its management advisory board
    on September 21, 2018 at 2:30 pm

    MG Capital, a private equity investment manager focused on Manhattan luxury residential properties, just added J.P. Morgan Asset & Wealth Management Executive Director Joanna Koutsos to its management advisory board. […]

  • HousingJobs: Why the job market for loan officers is promising
    by astringer@housingwire.com on September 20, 2018 at 7:00 pm

    Job hunting can be frustrating. At HousingWire, we want to make the process easier for job seekers in the industry. Our new service, HousingJobs, lists the latest gigs in the housing industry for loan officers, underwriters, processors, loan servicers, and tech and marketing pros. Check out this monthly blog for the latest job postings along with some industry insight. […]

  • Restarting motor city
    on September 20, 2018 at 6:45 pm

    Five years ago, Detroit, the principal city in the Detroit-Warren-Livonia, Michigan Metropolitan Statistical Area, was declaring bankruptcy with debt estimates as high as $20 billion. This summer, those troubles seem comfortably in the rearview, according to the latest VeroFORECAST, which shows that real estate values in the nation's 14th most populous MSA are predicted to increase at an average of 6.8% over the next 12 months. […]

  • Maxwell launches new API to streamline loan applications
    on September 20, 2018 at 3:26 pm

    Tech 100 winner Maxwell just launched a new loan application and data enrichment API it has dubbed Maxwell ApplyID. According to Maxwell, the new tech enables clients to pre-populate loan application data and develop new customer intelligence capabilities with little to no hassle. […]

  • Average homeowner gained $16,000 in home equity in 1 year
    by jguerin@housingwire.com on September 20, 2018 at 3:15 pm

    As the economy strengthens, home values continue to appreciate, and that means homeowners are raking in the equity. A report released Thursday by CoreLogic showed that home equity rose 12.3% year over year in the second quarter of 2018, meaning that the average homeowner saw their equity increase by $16,153 in one year’s time. […]

  • Existing home sales held steady in August
    on September 20, 2018 at 2:46 pm

    After falling for four consecutive months, existing home sales held its ground in August, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun said that the decline in existing home sales appears to have hit a plateau with robust regional sales. […]

  • Freddie Mac: Mortgage rates reach highest level since May
    on September 20, 2018 at 2:01 pm

    Mortgage rates inched forward for the fourth consecutive week, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac Chief Economist Sam Khater said the 30-year fixed-rate mortgage increased once again to its highest level since May. […]

  • Who would make a great Vanguard?
    by hknighton@housingwire.com on September 20, 2018 at 2:00 pm

    As the end of 2018 quickly approaches, there’s no better time to honor those top-level company leaders who have had an incredible year. Haley Knighton, the new program manager for the HousingWire Editorial Awards programs, turned to the expert Caroline Basile, HousingWire’s online editor, to get the inside scoop on what makes a great Vanguard. […]

  • EasyKnock lands capital infusion to fuel growth
    on September 20, 2018 at 4:00 am

    Sell and stay company EasyKnock is gaining some traction, reporting Wednesday that it received a sizable capital infusion to fuel its growth. Founded last year, EasyKnock is one of the many companies that have emerged to help homeowners access their home equity. The company said it plans to use the seed money to facilitate partnerships with mortgage companies, including reverse mortgage lenders, paying them a referral fee for their rejected customers. […]

  • Student debt crushes homeownership dreams
    by jguerin@housingwire.com on September 19, 2018 at 7:40 pm

    Student loan debt has racked up a collective $1.5 trillion bill for 44 million Americans, and its crushing people’s homeownership dreams. According to a recent survey by NeighborWorks America, people with student loans are delaying purchasing a home, with many worried about their debt most or all of the time. […]

  • Ann Song promoted to senior vice president at LRES
    on September 19, 2018 at 6:16 pm

    National residential and commercial mortgage services company LRES promoted Ann Song, also a winner of the HousingWire 2018 Women of Influence award, to senior vice president of operations. […]

  • Cloudvirga launches new mobile POS product
    on September 19, 2018 at 5:33 pm

    Cloudvirga launched a new mobile mortgage point-of-sales solution for loan originators and homebuyers in the purchase mortgage market. The Mobile POS is backed by the same tech that runs the Enterprise POS, which won Cloudvirga a HousingWire Tech100 award. […]

  • NestEgg helps senior homeowners access their equity
    on September 19, 2018 at 4:18 pm

    Many older Americans haven't put enough cash aside to support themselves in retirement, and that's why homeownership investment companies are popping up around the country, offering homeowners ways to access their home equity to make ends meet. New York-based NestEgg seeks to do just that with its "sell to stay" program, which hooks homeowners up with an investor, who will buy the house but let them stay there. […]

  • Ellie Mae: Refis just went positive for the first time in 2018
    on September 19, 2018 at 4:08 pm

    After taking an absolute beating this year, the refinance market just got its first ray of sunshine in 2018. According to Ellie Mae’s Origination Insight Report, the percentage of refinances closed went up for the first time in 2018 in August. […]