Real Estate

Existing home sales take a 2.5% tumble

The affordability issue is kneecapping strong demand, experts predict continued stagnation
The bulk of potential homebuyers cannot buy homes. That is the long and short of the issue. Existing home sales fell 2.5%, according to the National Association of Realtors' monthly report, and it doesn't look like things will change any time soon.
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Trelix unveils a closing services solution

Now provides end-to-end mortgage fulfillment
Trelix, a provider of real estate, mortgage and technology services, announced the launch of a closing services solution that aims at helping mortgage lenders settle their loans. It will also provide a full suite of end-to-end fulfillment services for customers.
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Curious about inclusionary housing? Check out this handy-dandy map

Fannie Mae-backed affordable housing advocacy group creates interactive map
Hearing a lot of buzz about inclusionary housing but unsure of what it means or where it's going down? Grounded Solutions Network has you covered. The affordable housing advocacy group recently released an interactive map tracking inclusionary housing efforts in the U.S. Read all about it here.
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These 12 American cities are future-proof

JLL research indicates many American cities have long-term potential
Recent research suggests that some of America’s most popular cities are fully prepared to tackle long-term socio-economic and commercial real estate momentum, according to firm Jones Lang LaSalle.
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Texas-based OJO Labs raises $20.5 million to bring AI to real estate

Realogy backs second tech company this week
A group of real estate, financial services, and home services companies are joining together to help bring artificial intelligence to real estate and beyond. Austin, Texas-based OJO Labs announced on Friday that it raised $20.5 million in its Series B funding round. Taking part were Realogy, Royal Bank of Canada, Northwestern Mutual Future Ventures and ServiceMaster.
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