Real Estate

Airbnb user fined $1,000 for listing in Trump Tower

New York begins crackdown on Airbnb listings
One Airbnb user received a fine of $1,000 for advertising a listing in Trump Tower. New York City began cracking down on Airbnb listings in February as a result of a new law that makes advertising the listings illegal, as well as renting them out.
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NAHB: White House asked for our help to get Gorsuch on Supreme Court

Builders' group says will help work to avoid Democrat filibuster
With the threat of Democratic filibuster looming in the Senate, the White House is apparently turning to homebuilders for help with getting Neil Gorsuch confirmed as the country’s next Supreme Court justice. And according a post from the National Association of Homebuilders, the group will answer the White House’s call.
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Trulia: Housing inventory tumbles to all-new low

Marks eighth consecutive quarterly decrease
Housing inventory decreased in the first quarter of 2017, hitting an all-new low. But while inventory for starter and trade-up homes is shrinking, premium home inventory is increasing. Trulia explains the reasons for the dwindling inventory, and the new threat rising home prices impose.
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Placester continues growth with $50 million capital raise

Funding round doubles previous investment in company
Over the last few years, Placester, a Boston-based real estate marketing platform, experienced rapid growth, raising $50 million in three rounds of funding and acquiring RealSatisfied, an Australian company that provides a suite of customer satisfaction tools that provide big data insights to brokers, agents and brands. Now, Placester is growing again.
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Value of housing market hits 10-year high

Equity rises above mortgage debt
The value of the housing market reached its highest point in 10 years and surpassed the pre-crisis peak. This increase was fueled by rising home prices as home equity reached an all new high of $14 trillion.
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Maxwell, Matic Insurance Services partner to simplify homeowners insurance process

Matic insurance software will be integrated in Maxwell’s mortgage platform
Maxwell, a provider of digital mortgage software and a winner of HousingWire Magazine’s 2017 HW Tech100, and Matic Insurance Services, a digital homeowners insurance agency for mortgage borrowers, announced a partnership that will make it easier for borrowers to obtain homeowners insurance as part of the mortgage process. Here are the details.
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These 4 charts break down the details behind Millennials living at home

Plus the who, what, where, why, and how
Student debt, housing affordability and income are commonly tossed out as the culprits behind Millennials needing to move back in with their parents. The details, however, are a little more complicated than that. These four charts break down what Millennials living at home looks like (and we're not talking about their bedrooms).
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Despite drop in pending home sales, California Realtors positive on spring buying season

Affordability and inventory shortages still major concern
Housing inventory shortages and affordability concerns dampened California’s strong start to the new year. But regardless of the dip, California Realtors are still positive about the upcoming spring home-buying season and expect improved market conditions in the near term.
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