Real Estate

U.S. to continue investigating money laundering by foreign real estate buyers

Title companies required to reveal identities of high-end cash buyers
The federal government will continue investigating whether foreign buyers are using high-end U.S. real estate to launder money after an expanded investigation found that potentially illicit activity is behind as many as one in three cash purchases from foreign buyers in select markets.
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Rising Stars entry deadline extended!

Fine, twist our arms…
A favorite saying of ours is “deadlines spur action,” and in the case of our Rising Stars awards program, it’s proving true. Quite a few of you are waiting until the last minute to get your nominations in. We’ve heard from quite a few folks that are feeling the pressure of that impending deadline, and we feel you. We get it. And we’re not monsters around here. We’re here to help.
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New home sales are up, but pace disappoints

Housing inventory remains down
New home sales increased in December, but industry experts are not impressed. Given the unusually high temperatures throughout the winter and the high demand for housing, experts expected new home sales to come out with much stronger numbers.
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Here’s how first-time homebuyers in U.S. stack up to their Canadian neighbors

U.S. falling behind when it comes to down payments
First-time homebuyers in Canada and the U.S. both seem to be putting off buying a home amid rising home prices. However, the similarity between the two countries ends once these first-time buyers decide to make their purchase. While homebuyers in the U.S. are increasingly looking to lower down-payment options, down payment amounts in Canada reached an all-time high.
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Embrace Home Loans expands into Texas

Opens new office in Dallas suburb of Frisco
Recent reports from the Texas Association of Realtors and Fitch Ratings call out how hot Texas real estate right now, as more homes were sold last year than ever before. Seeking to strike while the iron is hot, Embrace Home Loans announced this week that it is expanding into Texas and opening its first office in the state.
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Fitch: Is there a housing bubble in these hot, hot markets?

Texas is hotter than ever, but is it sustainable?
Housing in the state of Texas was hotter in 2016 than it’s ever been before, but is real estate in the Lone Star state getting too hot? A new report from Fitch Ratings suggests that Texas is one of a few states where home prices are not only unsustainable, they’re overheating.
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Game-changing real estate technology makes its way to Dallas

NTREIS strikes up partnership with Remine
Remine announced its new partnership with the North Texas Real Estate Information Systems, which will bring game-changing technology to more than 30,000 Dallas-area Realtors. Remine will allow Realtors to identify and market to would-be homebuyers at a time when real estate in Texas is hotter than ever.
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FHFA: Rising interest rates not slowing down home prices…yet

No end in sight for low housing inventories
Home prices continued their strong growth in the fourth quarter despite rising interest rates. Although interest rates are up, housing inventory is down, causing home prices to increase. However, the FHFA’s deputy chief economist explains it may simply be too soon to see an effect on the market from increasing interest rates.
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