RealPage: The size of the average U.S. household is growing

12-11-2019

For the first time since 1850, the average size of the U.S. household is on the rise, RealPage says. It’s not just the kids or Millennials, either. Households are growing and becoming multi-generational. Over the last century-and-a-half, household sizes have actually been shrinking, according to the data from the Census...

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First American launches Endpoint, a new mobile-first title and escrow company

12-11-2019

First American Financial Corporation, a provider of title insurance, settlement services and risk solutions for real estate transactions, announced on Tuesday the launch of Endpoint, a new stand-alone company. Endpoint is a mobile-first title and escrow company that, according to First American, provides a re-imagined closing experience for buyers, sellers and...

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Trump threatens to “substantially” raise tariffs

12-11-2019

President Donald Trump told business leaders in a speech to the Economic Club of New York on Tuesday he might not be done raising tariffs on Chinese goods. If Beijing doesn’t agree to America’s trade terms, he said, “we’re going to substantially raise those tariffs.” “They are dying to make a...

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More homeowners are renting out their extra space to “make ends meet”

12-11-2019

As vacation rental app Airbnb and other like it become more and more popular, more homeowners are renting out their spaces for income. In fact, in order to make ends meet, 51.2% of homeowners said they had to rent out a space in their home, a study from Homes.com said. While...

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NAR bans “pocket listings”

12-11-2019

The National Association of Realtors board of directors voted 729-70 on Monday to ban the controversial practice of “pocket listings.” It’s a practice that was surging in competitive markets such as New York, San Francisco, Los Angeles and Washington D.C. It allowed a listing agent to use a multiple listing service...

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Gateway First Bank adds new chief credit officer

12-11-2019

Gateway First Bank, one of the largest banks in Oklahoma, announced Tuesday that the company is bringing on Deirdre Cherry as its chief credit officer. This latest hire marks at least the fifth high-level hire the bank has made since its merger earlier this year. In May, the company (formerly known...

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LoanLogics appoints new chief product strategist to enhance its offerings

12-11-2019

LoanLogics, a provider of loan quality technology for mortgage manufacturing and loan acquisition, recently appointed Brenda Clem as its new chief product strategist. In her new position, Clem will now be responsible for developing and implementing strategic plans for all LoanLogics products and maintaining relationships within the mortgage industry to understand the prioritization of market needs, according to the company. “Throughout her...

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Surveillance video released of burglars who raided billionaire Mall of America mogul…

12-11-2019

Police released video of the suspected burglars who ransacked the New York mansion of billionaire Don Ghermezian, stealing $140,000 worth of luggage and jewelry.Read more: https://www.cnbc.com/2019/11/12/video-shows-burglars-at-ceo-don-ghermezians-new-york-mansion.html

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Warehouse leasing plummets – because there's so little new space to lease

12-11-2019

Warehouse tenants soaked up about 41 million square feet of space in the third quarter of this year, a 23% drop from the previous quarter and less than half as much as a year ago, according to a new report.Read more: https://www.cnbc.com/2019/11/12/warehouse-leasing-plummets-because-theres-so-little-new-space-to-lease.html

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Finding the right loan origination system for a mid-sized lending operation

12-11-2019

Selecting a loan origination system (LOS) for a mid-sized lending operation can be a complex and lengthy process. More than likely, the search will include these questions: How fast is the implementation time? To what extent does the LOS automate processes? Is it integrated with other technology solutions? Does it help address current regulatory...

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Humanizing AI to improve the home buying journey

12-11-2019

There’s no question AI and machine learning are having a transformational impact on the home buying and refinancing journey. And while the long-term reverberations of AI’s expanding role are fascinating and for some worrying, companies are realizing that marrying people with machine intelligence is the path to capitalize on AI’s...

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How real estate can help cities reach the Paris pact goals

12-11-2019

Ed Walter of Urban Land Institute says the real estate sector is realizing there are economic benefits to pursuing the Paris climate agreement's goals because reducing energy usage saves cost. He also says Hong Kong REIT prices aren't likely to recover until there's a sense that normalcy will return to...

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Offerpad will let buyers customize their homes before they move in

11-11-2019

HousingWire has asked “Who will be the Amazon of Housing?,” but now we have a new question: Who is the Chipotle of housing? Well, if guacamole is comparable to quartz countertops in terms of customization, the answer may be Offerpad.  The Arizona-based iBuyer recently announced its latest feature, one that allows...

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Massachusetts short sale company owners accused of defrauding HUD, Fannie Mae, Freddie…

11-11-2019

The owners and co-founders of a Massachusetts short sale assistance company stand accused of defrauding Fannie Mae, Freddie Mac, the Department of Housing and Urban Development, and others on nearly 100 short sale transactions in a scheme to “steal undisclosed and improper fees.” According to the Attorney’s Office for the District...

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Millennials continue to outpace older generations in homebuying

11-11-2019

Continuing a trend that stretches back to one year ago, Millennials are continuing to dominate the homebuying landscape, taking on more mortgages than previous generations. A report from Realtor.com says that at the end of the third quarter, the Millennial share of mortgage originations increased 3% from last September, coming...

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California and New York cities top the list for largest apartments

11-11-2019

Two states that are known for a pricey housing market have this to offer: some of the largest studio and one-bedroom apartments in the nation. Of course, that too, comes at a price.  According to a recent study by Apartmentguide.com, four of the top five cities with the largest studio apartments...

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Class Valuation’s latest appraisal technology provides stakeholders with data-rich property information

11-11-2019

The lack of tech adoption in the valuation space leaves appraisers with a small pool of outdated options. One of the largest appraisal management companies in the country, Class Valuation, is looking to buck this trend by bringing more technology to support the appraisal process overall. Class Valuation is both investing in technology...

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