Real Estate


RealtyTrac: Women lose out on homeowner profitability

Could be stuck in a domino effect
Homes owned by single women tend to hold a lesser value and appreciate at a lower percentage than homes owned by single men. However, women tend to make less money than men, meaning they're likely to buy homes that appreciate less, thus causing a domino effect.
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FHFA: Home prices increase again, rise 1.3%

Marks 19 consecutive quarterly price increases
While home prices only increased a meager 1.3% in the first quarter of 2016, it’s added onto a long string of increases; 19 consecutive quarterly price increases to be exact. According to FHFA Supervisory Economist Andrew Leventis, there is at least one unique factor in this quarter.
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New York to provide $100 million in zero-interest loans to prevent foreclosures

Using Goldman Sachs fine to fund expansion of Mortgage Assistance Program
Homeowners in the state of New York who are struggling to keep their homes from falling into foreclosure are about to get a lifeline – $100 million in zero-interest loans from the state of New York. It's all thanks to Goldman Sachs and its $5 billion toxic mortgage settlement.
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Northeast property tax highest in the nation

New York’s average more than double California’s
Surprisingly, the highest property taxes are not found in California, but rather, in the Northeast. New York actually wields the highest property tax average, which is significantly higher than even the second highest state, Connecticut.
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iStar hires new COO/CFO to lead strategy

Geoffrey Jervis brings extensive background in real estate finance
As iStar prepares its new strategy, company CEO says why he thinks Jervis will play a key role in the success of the program. Jervis’ extensive background as a company executive in the real estate sector paved the way to his current position.
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Hillary Clinton ad uses housing crisis to smear Donald Trump

New ad uses Trump's words against him
While former Secretary of State Hillary Clinton may be the frontrunner for the Democratic nomination for president, she's not the official nominee yet. But that’s not stopping Clinton from attacking the presumptive Republican nominee and attempting to use Donald Trump's seemingly crass prediction about the housing crisis against him.
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AssetAvenue offers new loan for rental investors

Considers income possibility over debt-to-income ratio
Although FirstKey Holdings is reportedly ending its lending program for smaller investors due to high costs, AssetAvenue decided to take a turn at it. The company just announced its new program designed for lenders, which will look at the property’s rent income, rather than the investor’s personal income.
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Black Knight: Foreclosure starts hit 10-year low

Down nearly 20% from March to April
There were fewer foreclosure proceedings initiated during the month of April than in any month in the last 10 years, a new report from Black Knight Financial Services shows. Plus the number of loans in active foreclosure fell to a level not seen since 2007. Here are all the details.
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Here's proof your cybersecurity efforts might totally fail

We can't stress it enough
The threat of a cyber attack on a company, regardless of size, is unfortunately extremely likely, and the threat is only escalating. However, even though the threat is universal, it doesn’t mean companies should use the same defense plan. Debbie Hoffman, chief legal officer at Digital Risk, provides this as a better strategy.
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Appraisal volume continues to trudge along this spring

Fed uncertainty dents market
Appraisal volume, not surprisingly, recorded another slow week. Last week, Kevin Golden, director of analytics with a la mode, explained why this spring home-buying season isn’t turning into the hot buying season it’s supposed to be. This week's report reiterates that.
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