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Roofstock acquires single-family rental management platform

18-07-2018

Roofstock is moving to expand its market share in the single-family rental realm. The company just acquired SFR management company Streetlane Homes with the goal of expanding into new markets with the acquisition and accessing more institutional investor clients.Read more: https://www.housingwire.com/articles/46107-roofstock-acquires-single-family-rental-management-platform

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House passes massive bipartisan economic growth bill

18-07-2018

Tuesday night, the House of Representatives passed a massive piece of bipartisan legislation that some are calling the “cherry on top” of President Donald Trump’s Dodd-Frank rollback. The bill, called the JOBS Act 3.0, is a massive bipartisan effort made up of 32 pieces of individual legislation, and passed the...

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WhyHotel adds Cathy Ross to board, expands in D.C.

18-07-2018

Symbiotic alternative lodging service WhyHotel added Exclusive Resorts CEO Cathy Ross to its board and is launching a new, 95-unit pilot site in the NoMa area of Washington, D.C. Recently, the young company received $3.94 million in seed funding which has allowed the company to set up new locations and...

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Opportunity zone tax breaks tantalize real estate investors

18-07-2018

The federal tax overhaul brought to life a new tax break for investments in low-income areas dubbed, "opportunity zones." Real estate investors appear excited to deploy capital in these areas and are positioning themselves to develop various kinds of real estate in these areas.Read more: https://www.housingwire.com/articles/46073-opportunity-zone-tax-breaks-tantalize-real-estate-investors

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RealPage launching platform to help turn empty apartments into short-term rentals

18-07-2018

RealPage subsidiary Kigo, a vacation rental booking and management platform, is a launching a new program targeted at managing short-term rentals in multifamily properties. The launch of this product comes at a time when short-term rentals are a hot-button topic for the industry, and while some multifamily entities are against...

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New York sniffing out tenant harassment allegations against Kushner Companies

18-07-2018

New York is launching an investigation in Jared Kushner’s real estate company on allegations that Kushner Companies harassed tenants at a Brooklyn waterfront property. New York decided to intervene after tenants at the Austin Nichols House, a rent-stabilized community, filed a lawsuit against the company for starting major construction on...

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Housing starts drop 12.3% in June

18-07-2018

Housing starts fell 12.3% in June, indicating tariffs and taxes are a deterrence to continual growth, according to the latest report from the U.S. Census Bureau. LendingTree Chief Economist Tendayi Kapfidze said although 3-month average building permits are close to the highest level since 2007, labor shortages are weighing on...

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MBA: Mortgage applications decrease 2.5%

18-07-2018

Mortgage applications decreased 2.5% from last week, however, the refinance index increased 2% from the previous week, according to the latest data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey.Read more: https://www.housingwire.com/articles/46103-mba-mortgage-applications-decrease-25

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June housing starts down 12.3% vs. down 2.2% est.

18-07-2018

CNBC's Rick Santelli breaks down the latest numbers on housing starts and building permits.Read more: https://www.cnbc.com/video/2018/07/18/june-housing-starts-down-real-estate.html

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Mortgage applications down 2.5% vs. previous week

18-07-2018

CNBC's Diana Olick breaks down the latest data on the housing market.Read more: https://www.cnbc.com/video/2018/07/18/mortgage-applications-down-real-estate-housing.html

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Mortgage applications fall 2.5% as buyers struggle to find affordable homes

18-07-2018

New buyers are clearly struggling, and that is apparent in the type of loans for which they are applying.Read more: https://www.cnbc.com/2018/07/17/mortgage-applications-fall-as-buyers-struggle-to-find-.html

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Goldman Sachs CEO Lloyd Blankfein retiring; David Solomon to take over

17-07-2018

Confirming speculation first broached earlier this year, Goldman Sachs CEO Lloyd Blankfein is indeed retiring from the firm he’s led since 2006. Goldman Sachs is tapping one of its own, President David Solomon, to replace Blankfein.Read more: https://www.housingwire.com/articles/46102-goldman-sachs-ceo-lloyd-blankfein-retiring-david-solomon-to-take-over

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Airbnb condemns New York City's 'bellhop politics,' threatens legal retaliation

17-07-2018

In advance of a City Council vote on Wednesday that will impose strict regulation on Airbnb in NYC,  policy and public affairs head Chris Lehane launched into an impassioned diatribe.Read more: https://www.cnbc.com/2018/07/17/airbnb-condemns-nycs-bell-hop-politics-threatens-legal-retaliation.html

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Fannie Mae announces winner of seventh re-performing loan sale

17-07-2018

Fannie Mae announced Tuesday that a subsidiary of Credit Suisse is the winner of its seventh re-performing loan sale transaction. But this isn’t the first time this winner has won a re-performing loan bid from Fannie Mae. Here’s more on the sale.Read more: https://www.housingwire.com/articles/46100-fannie-mae-announces-winner-of-seventh-re-performing-loan-sale

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American Financial Resources offers new manufactured housing finance option

17-07-2018

American Financial Resources is now offering conventional financing for manufactured homes via the new Fannie Mae initiative, MH Advantage. The new program is designed to promote financing for manufactured homes comparable in quality and features to traditional single-family homes.Read more: https://www.housingwire.com/articles/46099-american-financial-resources-offers-new-manufactured-housing-finance-option

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