Real Estate

ARTICLES

Attention Realtors: You may be victim of massive nationwide advertising scam

Louisiana man accused of defrauding hundreds of real estate agents
Realtors and real estate agents all across the country may be victims of a massive advertising scam that promised local ad placement but instead resulted in the theft of $2 million. A Louisiana man induced Realtors and real estate agents to pay thousands of dollars for advertising on major television networks, but instead of providing the services he promised, the man allegedly used the money for New Orleans Saints season tickets, among other things.
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CFPB: Changes to TRID coming soon

Bureau responds to industry trade group concerns
Top industry groups banded together to get the CFPB to reopen talk around the rule, and it worked. The CFPB said it has begun drafting a Notice of Proposed Rulemaking on the Know Before You Owe rule. And it's probably coming faster than you think.
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Homeownership rate falls again, nearing all-time low

So much for the supposed recovery
Just over two months ago, it seemed like there might finally be a light at the end of the tunnel as the homeownership rate in the United States increased for the second straight quarter, after falling to a 48-year low in the second quarter of 2015. But as it turns out, that growth may have been a mirage.
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Cash homebuyers threaten to overheat some markets

Nationwide, cash homebuyers receive an average discount of 23%
While the majority of cash homebuyers received an average discount of 23%, this can't be said for everyone. The select few markets where cash buyers ended up paying a premium could be in danger of overheating.
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Pending home sales jump to highest level in nearly a year

Housing market to finally slowdown in the West Coast?
Overcoming several roadblocks in housing, including rising home prices and low housing supply, pending home sales managed to increase in March for the second consecutive month, reaching their highest level in almost a year. However, this positive news changes depending on the region.
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What is the future of the mortgage business?

Techcrunch asks why fintech and startups can’t truly 'disrupt' the industry
Every one of us with an interest in the mortgage business, whether it be a vested financial interest or otherwise, has to be wondering what the future of the industry is going to look like. It’s pretty clear that the complete homebuying process from selecting a home through the entire mortgage process is moving online. How we get there, on the other hand, is a different story.
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