Closing Complex Loans Faster With a Digitized Client Workflow

Join us for a discussion on changes in market demographics, suppliers and how focusing on customer experience and a few simple steps during the mortgage loan process can close deals 3x faster.

engage.marketing event: All eyes on purchase

To help power your business forward, we’re bringing together the smartest minds in purchase mortgage marketing to share the insights, tactics and strategies that set leaders apart.

Home appraisal’s ugly history and uncertain future

This is Part I of a deep dive into the home appraisal industry. Today we explore the origins of the appraisal industry and its current lack of diversity.

Loan quality lessons learned from 2020

HousingWire recently spoke with Trevor Gauthier, CEO of ACES Quality Management, about the effects of 2020 on loan quality and what lenders should expect regarding loan quality and risk management this year.

Real Estate

America’s priciest real estate markets

Eric Schmidt, Google’s executive chairman, lives in No. 1

The tech-titan community of Atherton, California, is the most expensive zip code in the nation for homes, according to a report by PropertyShark.

The zip code – in case anyone was thinking of naming a TV show after it – is 94027 and the median price is $7.05 million, according to the report. Famous residents of the town, population 7,200, include Eric Schmidt, Google‘s executive chairman, and Meg Whitman, the former HP CEO who now is CEO of video startup Quibi.

The No. 2 zip code is Sagaponack, New York, where the median price is $4.3 million, according to PropertyShark. It’s the Hamptons town where junk bond billionaire Ira Rennert built his 29-bedroom summer house with a 100-car garage.

The No. 3 zip code is located in Santa Monica, California, and No. 4 is in the nearby town of Beverly Hills. The median price in the oceanfront Santa Monica’s 90402 zip code is $4.15 million and in Beverly Hills’ 90210 it’s $4.08 million, according to the report. In the 1990s, there was a teen drama TV series named “Beverly Hills, 90210,” and a spin-off that premiered in 2008 named “90210.”

The No. 5 zip code, 02199, is located in Boston’s tony Back Bay neighborhood, where the median price is $3.67 million, the report said.

New York’s 10007 zip code, in the Tribeca neighborhood, is the nation’s No. 6 zip code, with a median price of $3.9 million. It’s where celebrities like Taylor Swift live next door to young Wall Street bankers.

No. 7 is 94301 in Palo Alto, California, about four miles from the No. 1 zip code in Atherton. The Palo Alto median is $3.52 million, according to PropertyShark.

No. 8 is 10013, another New York neighborhood in lower Manhattan on the edge of Tribeca. The median is $3.51 million, PropertyShark said.

No. 9 is 94022 in Los Altos, California, where the median is $3.45 million, and No. 10 is 94957 in Ross, California, about 18 miles north of San Francisco. The median in the Ross zip code is $3.35 million, PropertyShark said.

Most Popular Articles

Fannie Mae, and the housing market’s inflation problem

Another month of steadily increasing home prices and insatiable demand led Fannie Mae’s Economic and Strategic Research Group to alter many of its 2021 predictions – in particular, its outlook on the symbiotic relationship between the housing market and inflation measures.

Jun 16, 2021 By

Latest Articles

A look at Knoxville’s hot housing market

Knoxville is one of the country’s hottest housing markets, with homebuyers flocking to the area for lower costs of living and the mountain scenery.

Jun 21, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please