A healthy apartment market balances demand against supply. With key U.S. housing markets running short on multifamily builds, a few areas, like Colorado, are suffering through rising rental prices and tighter market conditions for renters.
Los Angeles may be one of the one of the most competitive markets, but the tight market is starting to soften its edges. For starters, the percentage of Redfin offers facing competition fell to 80% in July from 86% in June.
“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