Residential News

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

  • Texas-based OJO Labs raises $20.5 million to bring AI to real estate
    by blane@housingwire.com on May 18, 2018 at 8:46 pm

    A group of real estate, financial services, and home services companies are joining together to help bring artificial intelligence to real estate and beyond. Austin, Texas-based OJO Labs announced on Friday that it raised $20.5 million in its Series B funding round. Taking part were Realogy, Royal Bank of Canada, Northwestern Mutual Future Ventures and ServiceMaster. […]

  • [PHOTOS] Shaq to sell massive Florida mansion for $28M
    on May 18, 2018 at 6:03 pm

    Basketball legend and sports commentator Shaquille O'Neal recently put his 31,000 square-foot home on the market for $28 million. […]

  • Property management tech provider Mynd raises $20 million
    by blane@housingwire.com on May 18, 2018 at 5:49 pm

    Property management technology provider Mynd announced this week that it raised $20 million in its Series B funding. Mynd was founded in 2016 by Doug Brien and Colin Wiel, who previously founded Waypoint Homes, a single-family rental operator that eventually grew into the largest player in the industry. […]

  • NAR midyear forecast: Despite inventory, home sales expected to rise in 2018
    on May 18, 2018 at 5:17 pm

    Several speakers at the 2018 Realtors Legislative Meetings and Trade Expo stated that they are forecasting a slight increase in home sales for 2018, but that growth won't come without some obstacles. Despite a strengthening economy, wage growth and improving job market, issues like low supply and affordability may threaten the rate of increase for home sales in 2018, according to the speakers. […]

  • Dodge Analytics: Residential construction starts fell 9% in April
    on May 18, 2018 at 4:50 pm

    Residential construction starts faltered in April as did the rest of the construction sectors, according to a report by Dodge Data & Analytics. The report showed that residential construction starts, both single-family and multifamily, totaled 303.8 billion, a 9% decrease from March. Multifamily dropped by 20%, which signaled the second declining month in a row. […]

  • MBA report indicates minor uptick in commercial and multifamily lending
    on May 17, 2018 at 7:50 pm

    Commercial and multifamily loan originations registered a very minor uptick in the first quarter, but it is probably not enough to fight off the overall cooling of the market as commercial real estate comes down from 2017 highs. […]

  • MBA: Mortgage delinquencies down in Q1
    on May 17, 2018 at 5:25 pm

    According to the Mortgage Bankers Association, the foreclosure rate is up slightly despite delinquencies sitting at pre-housing crisis lows and sliding. A strong economy is minimizing delinquency, and despite the slight uptick in Q1, foreclosures are down significantly year-over-year. […]

  • Senate narrowly passes measure to restore net neutrality
    on May 16, 2018 at 8:12 pm

    The Senate voted Wednesday to restore net neutrality ahead of its scheduled rollback. While real estate companies are in full support of the Senate’s decision, the measure still needs to be voted on by the House of Representatives and be signed off on by President Donald Trump. […]

  • Mick Mulvaney doubles down on minimalist practices at CFPB
    on May 16, 2018 at 5:45 pm

    CFPB Acting Director Mick Mulvaney doubled down on his mission to revamp the CFPB direction, telling a group of Realtors this week about his plans for the bureau. Mulvaney reiterated his mission to rescind regulation by enforcement, restructure the CFPB, and “get back to basics,” according to a review of the conference, which was hosted by the National Association of Realtors. […]

  • Direct homebuyer OfferPad secures $150 million in funding to power growth
    by blane@housingwire.com on May 16, 2018 at 4:49 pm

    There certainly appears to be no shortage of money interested in investing in the burgeoning direct homebuyer segment. Opendoor has been raising money hand over fist, a newcomer named Perch launched last week with $30 million in funding, plus Zillow and Redfin both recently expanded into direct buying. The other growing player is OfferPad, which announced this week that it recently secured $150 million in new funding to continue growing its direct buyer business. […]

  • Valuation Partners launches tool for appraisal process
    on May 16, 2018 at 4:06 pm

    Valuation Partners announced this week the launch of new appraisal tool, HomeBase, which aims to increase transparency and minimize delays associated with appraisal appointments. […]

  • Arbor Realty Trust to offer up 5.5M shares
    on May 16, 2018 at 2:57 pm

    Arbor Realty Trust, a real estate company specializing in investment for multifamily, seniors housing and healthcare real estate, announced plans to make a public offering of 5.5 million shares. At its current stock price, that translates to roughly $51.3 million that the company could raise through this offering. […]

  • New home construction slowly gains ground
    on May 16, 2018 at 2:14 pm

    New home construction increased slightly in April, while a drop in the multifamily sector caused housing starts to fall. But despite this slight increase, housing experts are not impressed and explained new construction is lagging significantly behind its historic averages. […]

  • More than half of U.S. homes in need of updates, renovations or repairs
    on May 15, 2018 at 10:43 pm

    The housing stock is aging in the U.S., and now nearly 65% of homes are more than 25 years old. Many of these older homes are in need of updates, renovations or repairs, according to a new Land Gorilla report. […]

  • Fannie Mae to jettison 11,000 non-performing loans
    on May 15, 2018 at 7:37 pm

    Fannie Mae announced plans to jettison $1.84 billion in non-performing loans, a small portion of which are from its thirteenth Community Impact Pool, a small pool for marginalized or small investors. According to a release from Fannie, there are 11,000 NPLs up for sale, and of those, 700 are from its Community Impact Pools. […]

  • New York to announce major changes for online real estate advertising
    on May 15, 2018 at 7:02 pm

    Real estate websites could be facing a major hurdle as New York regulators look to change the future of online real estate advertising in the state. Could this threaten programs such as Zillow’s Premier Agent advertising program, and other third-party real estate sites such as realtor.com? […]

  • Homebuilders see boost in confidence in May
    on May 15, 2018 at 3:33 pm

    Homebuilder confidence rose two points to 70 in May after a downwardly revised April, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index. The tough break is what everyone has been talking about lately: rising building costs are making it nearly impossible to meet the demand for reasonably priced starter homes. […]

  • Loan Officers: Your social proof is capital you can't afford to lose
    on May 15, 2018 at 3:00 pm

    [Commentary] Have you heard of social proof? If not, I don't blame you. It is a term that wasn't all that common 18 months ago but is now becoming a popular buzzword, with good reason. Social Proof is paramount if you want to grow your business in the internet economy and connect with the modern consumer. […]

  • The mixed property bag for Bridgeport-Stamford-Norwalk
    on May 15, 2018 at 2:00 pm

    The Bridgeport MSA is by no means a poor area. Per capita income is $52,344, about 25% higher than its state, which is $41,087 and 150% that of the average for the nation, which is $31,128. Its median household income of $90,123 is also about 25% higher than Connecticut's as a whole and roughly 1.5 times that for the U.S. […]

  • NAR: Housing inventory hovers at all-time lows
    on May 14, 2018 at 9:00 pm

    Inventory levels remained at all-time lows in the first quarter of 2018, driving up home prices. The latest report from NAR shows the most and least expensive metros for the first quarter of 2018. […]