One couple faces a worst-case scenario after renting their home to strangers on Airbnb. What was meant to be four people soon multiplied as the house descended into a massively destructive orgy. The damage is extensive.
The Real Estate Council in Alberta, Canada, seems to have a real problem on its hands with real estate agent Derek Johnson, who doesn’t seem licensed to conduct business as an agent and broker. But that’s not stopping Johnson.
“This bigger picture hides a rapid rise in purchases by Chinese investors, who may overtake Canadians as the largest group of foreign buyers of US housing within the next five years,” Capital Economics Property Economist Paul Diggle said.
"We believe it is official that Canada’s housing market is frothy and in danger of a correction. Home prices when viewed as an index have soared, surpassing the height of the US housing bubble," said Chris Muoio, senior associate and economist with Auction.com Research.
“Nearly every part of the real estate process has been transformed by technology except for home financing. Getting a mortgage is still manual, frustrating and confusing,” said Nick Stamos, CEO and founder of Sindeo..
Legacy insurers are headed toward solid ground, with some experiencing their first full year of profitability since the housing crash. New entrants, meanwhile, are raising capital, entering the fray and gaining market share. Read More
First, I’m not suggesting totally yanking FICO or Vantage Scores or anything like that. What I am recommending is the adoption of other models that would equally, or even more effectively, determine who can repay a loan. Read More