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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...
Read moreFirst 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...
Read moreTrump 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...
Read moreMore 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...
Read moreNAR 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...
Read moreGateway 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...
Read moreLoanLogics 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...
Read moreSurveillance 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
Read moreWarehouse 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
Read moreFinding 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...
Read moreHumanizing 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...
Read moreHow 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...
Read moreOfferpad 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...
Read moreMassachusetts 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...
Read moreMillennials 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...
Read moreCalifornia 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...
Read moreClass 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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