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Real Estate News

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

  • FHLBank Pittsburgh, Pennsylvania Housing Finance Agency partner to deliver funding to fight homelessness
    on June 18, 2018 at 9:23 pm

    Federal Home Loan Bank Pittsburgh and the Pennsylvania Housing Finance Agency are partnering to create fund programs that help fight homelessness and assist people at risk of losing their housing. Home4Good, a housing entity aimed at ending homelessness in the state of Pennsylvania, just got $4.5 million from FHLBank Pittsburgh and the Pennsylvania Housing Finance Agency to fund its launch. […]

  • San Diego Homeowners Association wins $2.9M construction defect lawsuit
    on June 18, 2018 at 8:04 pm

    The San Diego Homeowners Association was awarded $2.975 million in damages from a construction defect suit. The Naumann Law Firm filed the lawsuit in the San Diego County Superior Court on behalf of the homeowners association against the unnamed developer of a 230-unit condominium built in 2004 to 2005 timeframe. […]

  • FirstClose announces integration with Chicago Title Insurance Company
    on June 18, 2018 at 7:59 pm

    FirstClose, a provider of technology solutions for mortgage lenders, announced its integration with Chicago Title Insurance Company. The FirstClose Report will provide financial institution clients with Chicago Title’s property search, legal and vesting products and services. […]

  • Inspirato enters luxury single-family home market
    on June 18, 2018 at 5:19 pm

    Inspirato is making the jump into the single-family rental realm/ownership with a new business arm, Inspirato Real Estate. It is marketing homes as rental investments within its portfolio for people who are looking to buy a vacation home but are hesitant for fear of losing money on the home or never using it. […]

  • Homebuilder confidence falters on rising lumber prices
    on June 18, 2018 at 4:05 pm

    Sharply elevated lumber prices contributed to homebuilder confidence slipping two points to 68 in June, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index. However, improved economic growth, continued job creation and solid housing demand should spur additional single-family construction for the months ahead. […]

  • WEST appoints Marty Frame as chief operating officer
    on June 18, 2018 at 3:24 pm

    WEST, a Williston Financial Group recently announces the appointment of Marty Frame as chief operating officer. Frame will focus on strategic mergers and acquisitions, product development, project coordination and all general operational activities for WEST. […]

  • Monday Morning Cup of Coffee: Trump to nominate Kathy Kraninger to lead CFPB
    by cbasile@housingwire.com on June 18, 2018 at 4:01 am

    On Saturday, the White House confirmed that President Donald Trump will nominate Office of Management and Budget official Kathy Kraninger to lead the Consumer Financial Protection Agency. Plus, Zillow and Trulia are hit with a patent infringement lawsuit and megabanks are set to pay out more than $170 billion to shareholders. […]

  • Realogy appoints Katrina Helmkam as Cartus CEO
    on June 15, 2018 at 10:11 pm

    Realogy Holdings Corp. appointed Katrina Helmkamp as chief executive officer of Cartus Corporation. Helmkamp will be responsible for improving Cartus' performance while leading technology and process transformation. […]

  • #TimesUp for real estate investor Sam Zell
    on June 15, 2018 at 9:40 pm

    I’ve seen all the latest updates on the #TimesUp and #MeToo movements, yet it somehow manages to shock me each time I hear of something new happening. On a recent National Association of Real Estate Investment Trusts panel, real estate investor Sam Zell made some shocking comments. So when is enough going to be enough? […]

  • More homebuilder consolidation: Century Communities buys Wade Jurney Homes
    by blane@housingwire.com on June 15, 2018 at 9:36 pm

    The consolidation of the homebuilding industry continues. Last week, Taylor Morrison announced that it is acquiring fellow homebuilder AV Homes in a deal valued at nearly $1 billion. Next up is Century Communities, which announced Friday that it is acquired the remaining 50% of Wade Jurney Homes in a deal that creates the nation’s 10th largest homebuilder. […]

  • HousingJobs blog: Affordable housing crisis affects the job market
    by astringer@housingwire.com on June 15, 2018 at 7:00 am

    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 weekly blog for the latest job postings along with some advice from employers, industry tips and more!&nbs […]

  • Minimum wage, minimum housing prospects
    on June 15, 2018 at 5:24 am

    [Op-ed] If you make minimum wage, chances are you have limited housing prospects. The maximum affordability for most low income renters is $660 a month, but they need to make at least $22.10 in order to rent a modest 2-bedroom apartment. Sadly, most market-rate apartments in every U.S state continue to be out of reach. […]

  • NAHB: Lumber tariffs increasing cost of homebuilding
    by cbasile@housingwire.com on June 14, 2018 at 11:43 pm

    One question the homebuilding industry is faced with, especially while housing inventory remains low, is why hasn’t there been a larger response from the homebuilding industry to add more homes to the market? According to the NAHB's chief economist, one of those reasons is the rising cost of lumber. […]

  • How much are government regulations costing multifamily developers? Hint: A lot
    on June 14, 2018 at 9:49 pm

    Despite the Trump administration's ongoing regulatory rollback, government regulations still make up a healthy chunk of the cost of multifamily building, according to a newly released study from the National Association of Home Builders and the National Multifamily Housing Council. How much exactly? Well, you'll have to click to find out. […]

  • Realtor.com ends relationship with Apartment List, will use Apartments.com for rental listings
    on June 14, 2018 at 7:39 pm

    Realtor.com is terminating its content partnership with Apartment List, ending the relationship between the two companies after only six months. Apartment List's listings began appearing on Realtor.com in January, but now, those listings will soon disappear. Instead, Realtor.com is partnering with Apartments.com to provide its apartment community listings. […]

  • Bob Hope's California estate sells for $15 million
    on June 14, 2018 at 4:46 pm

    Comedian legend Bob Hope’s iconic estate has been sold by Craig Strong, executive director of the estates division at Pacific Union International. As requested by Dolores Hope's Will, all proceeds from the sale will go directly to Bob and Dolores Hope’s Foundation. […]

  • These are the 5 issues impacting real estate right now
    by cbasile@housingwire.com on June 13, 2018 at 7:28 pm

    The Counselors of Real Estate, an advisory organization that monitors real estate, released its latest report detailing the top 10 issues affecting the real estate industry. This year, the organization divided its annual list to focus on five issues currently impacting the industry and five issues to watch for potential long-term impact over the next three to seven years. […]

  • Opendoor raises $325 million, plans nationwide expansion
    by blane@housingwire.com on June 13, 2018 at 4:53 pm

    One of the biggest players in the growing direct homebuyer segment is about to get much, much bigger. Opendoor, an online marketplace that buys homes directly from homeowners, announced Wednesday that it secured $325 million in new funding and is planning a nationwide expansion of its homebuying platform. […]

  • [VIDEO] Childless Millennials threaten Baby Boomer housing empire
    on June 12, 2018 at 6:54 pm

    The United States birth rate recently dropped to an all-time low, threatening Baby Boomer real estate and retirement plans. The economy may be the leading factor as to why Millennials are either refraining from or waiting to have children, according to a recent article in Forbes. […]

  • Texas real estate agent posts $1.9B in home sales in 2017
    on June 11, 2018 at 9:16 pm

    Ben Caballero, world record holder, first-ever billion dollar real estate agent and president and CEO of HomesUSA posted $1.9 billion in sales in 2017, setting a new world record for home sales in a single year. How did he create this sales volume? Read to find out. […]