HUD resumes inspections of public housing units amid COVID-19 pandemic

07-08-2020

The Department of Housing and Urban Development said it was resuming in-person inspections of public housing units, though families concerned about the spread of COVID-19 can decline to have a HUD worker in their home. The so-called REAC inspections, which stands for Real Estate Assessment Center, are aimed at ensuring HUD...

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New York extends eviction moratorium again

07-08-2020

New York Gov. Andrew Cuomo has extended the state’s eviction moratorium again, as many fear being kicked out of their homes after the federal eviction moratorium and unemployment benefits ended late last month. In March, the State of New York Unified Court System put in place the first eviction moratorium...

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Zillow CEO: Real estate market is beginning 'great reshuffling' as people seek…

07-08-2020

The pandemic so far has accelerated trends of people fleeing large, expensive U.S. cities, While shopping is up everywhere, Barton said the company is seeing a "deceleration of migration" to cities and expects it to accelerate.Read more: https://www.cnbc.com/2020/08/07/zillow-were-at-the-beginning-of-a-great-reshuffling-to-space.html

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Rocket’s IPO makes Dan Gilbert the 28th richest person in the world

07-08-2020

The initial public offering of Rocket Companies, parent of mortgage behemoth Quicken Loans, more than quadrupled the wealth of founder Dan Gilbert and made him the 28th richest person in the world, according to a Bloomberg ranking. Thursday’s debut on the New York Stock Exchange, trading with the ticker RKT, boosted...

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Fannie Mae survey confirms: It’s a seller’s market

07-08-2020

After two consecutive months of advances, Fannie Mae’s Home Purchase Sentiment Index, a composite index designed to track consumers’ housing-related attitudes, intentions and perceptions, fell 2.3 points in July to 74.2. Year over year, the HPSI is down 19.5 points but still sits above April’s near-record low. According to the report, 53%...

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With 20% market share, independent mortgage brokers are competing directly with retail…

07-08-2020

In today’s low-rate environment, wholesale mortgage lending continues to grow, making up more than 20% market share. Three independent wholesale brokers discuss how they found success in the wholesale channel during a HousingWire webinar on Thursday titled: ”Taking the Mortgage Boom to the Next Level.” Independent wholesale brokers on the webinar...

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Pandemic remodeling boom—Here are the numbers

07-08-2020

CNBC's Diana Olick breaks down the numbers that show many Americans are remodeling their homes during the pandemic.Read more: https://www.cnbc.com/video/2020/08/07/pandemic-remodeling-boomahere-are-the-numbers.html

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Permanent remote workforce may be around 10% after pandemic, says Cushman &…

07-08-2020

Cushman & Wakefield CEO Brett White told CNBC he thinks about 10% of the workforce will remain remote after the pandemic, double the pre-coronavirus rate but less than many predict. "In the early days, we talked about the high productivity at home. That's changing."Read more: https://www.cnbc.com/2020/08/07/cushman-wakefield-ceo-on-remote-work-after-the-coronavirus.html

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iBuyers: Did COVID-19 disrupt the disruptors?

07-08-2020

Since the iBuying industry launched in 2014, billions of dollars have poured into companies created to disrupt the real estate industry and transform the way consumers buy and sell houses. These companies promise homeowners a hassle-free experience – one that’s simple, convenient and avoids the uncertainties often inherent in real...

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Ubitquity inks deal to build out blockchain platform for Rainier Title

07-08-2020

This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. Stay tuned for updates. Ubitquity, developer of a blockchain-secured platform for real estate and title recordkeeping, has announced a new partnership with Rainier Title. As part of the partnership, Ubitquity will build out...

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Cushman & Wakefield CEO on the timeline to an office space demand…

07-08-2020

Cushman & Wakefield CEO Brett White joins CNBC's "Squawk on the Street" team to break down its earnings and how he anticipates office space demand to recover eventually.Read more: https://www.cnbc.com/video/2020/08/07/cushman-wakefield-ceo-on-the-timeline-to-an-office-space-demand-recovery.html

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LOs are only human — Tech is necessary to keep up with…

07-08-2020

As record-low interest rates drive a refinance boom and spikes in mortgage applications, many businesses are adjusting to the present market.  “We’re really starting to see a shift from the idea of growing at all costs, to the idea of focusing on how to scale that growth upward,” said Katy Lyman...

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How did brokerage giants RE/MAX and Keller Williams fare in the second…

07-08-2020

Brokerage giants RE/MAX and Keller Williams announced second-quarter numbers Friday, reflecting a business environment that had its share of ups and downs as a result of COVID-19. RE/MAX, a public company, released earnings, while Keller Williams reported agent numbers and other stats. RE/MAX RE/MAX reported total revenue in Q2 of $52.2 million...

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People Movers: FundingShield, North American Title Company, Valligent Technologies, Garris Horn and…

07-08-2020

Patricia Suazo has joined FundingShield as its vice president of technology operations and integrations. Suazo has over 15 years of leadership experience in the mortgage lending space with firms including Stearns Lending, Bank of America, Carrington Holding Company and CloudVirga. Suazo specializes in software systems implementation, migrations, and integration, with experience...

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Pandemic home remodeling is booming: Here's what your neighbors are doing

07-08-2020

Sheltering in place has homeowners wanting to improve their places. Demand for home remodeling soared in June, with outdoor spaces the most popular projects.Read more: https://www.cnbc.com/2020/08/07/pandemic-home-remodeling-is-booming-what-your-neighbors-are-doing.html

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New York real estate expert Bill Rudin on the outlook for the…

07-08-2020

Manhattan's West Side is becoming a destination for Big Tech. Facebook recently inked a deal to lease 730,000 square feet of office space in the Farley Building in midtown Manhattan. Bill Rudin, CEO and co-chairman of Rudin Management Company and chairman of the Real Estate Board of New York, joins...

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Hong Kong's MTR to delay new mall opening amid new coronavirus wave…

07-08-2020

Lohas Mall's phase one opening in Hong Kong will be postponed to a "better time" given current movement restrictions during the pandemic, says Mass Transit Railway Corporation CEO Jacob Kam.Read more: https://www.cnbc.com/video/2020/08/07/hong-kongs-mtr-to-delay-new-mall-opening-amid-new-coronavirus-wave-ceo.html

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