Amid all the news with Trulia and Zillow, the latest one concludes a three-and-a-half year relationship between Trulia and Chief Economist Jed Kolko. While Kolko said he hasn't decided his next step, a recent HousingWire Magazine feature could give a glimpse into his future plans.
People are listening to real estate economists today in a way that anyone who covered the industry a decade or more ago would not recognize. Smoke is one of the members of this new wave of real estate economists. In fact, Smoke is actually the newest one on the block. The upstart economists at places like Trulia and Zillow are still new, Smoke is just the latest player to join the game.
The sun is rapidly setting on summer break, and kids will once again fill rows and rows of desks across America, whether it's in private schools or public schools. Which prompted Trulia to ask a good question: Are private schools actually cheaper than public schools?
“We’d be at greater risk of heading toward a bubble if price gains were still accelerating, but they’re not,” Trulia's Chief Economist Jed Kolko said. “Even in the bubbliest markets, it’s not 2006 all over again.”
The CFPB left the grace period open-ended and most in the industry interpreted that to mean that it will last throughout the rest of 2015, at least. Unfortunately, as welcome as that grace period is, TRID remains a costly and complicated fix that has enormous implications for the whole industry..
“Bad letters damage the brand,” Katherine Porter says. “There’s a contagion effect of this. I think bad letters are unjust. They disproportionately harm the borrowers we need to help the most.” Read More
The answer may be found somewhere between commandeering the entire process and “throwing it over the fence.” For lenders, paying more attention to the source of the data and information used in finalizing settlement (title searching, valuation and the like) could hold the key. This means data reporting collected in a more robust, accurate and verifiable fashion. Read More