Real Estate

NLIHC reveals benefits of affordable housing

Speaks up during National Housing Week of Action
May 1st through the 8th is National Housing Week of Action, and several companies and nonprofit organizations are using this time to promote affordable housing and the benefits it brings to the community. These infographics show how NLIHC says affordable housing will benefit its residents and even local economies.
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Zillow CFO Kathleen Philips to retire

Will continue to serve as chief legal officer through 2018, will transition to retirement in 2020
Zillow announced Monday that Kathleen Philips, who serves as the company’s chief financial officer and chief legal officer, is retiring from her role as CFO at the end of May. Philips, who joined the company as general counsel in 2010, will step down as CFO and continue to serve as chief legal officer through the end of 2018 and transition toward retirement in 2020.
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Americans more confident than ever before in housing market

But still hesitant about buying a home
Americans are growing more confident in housing, and a new report from Fannie Mae even shows they are more confident than ever before. In fact, five of the six components that make up Fannie's survey increased in April. Here's more about that, and which component fell from last month.
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Two real estate agents caught behaving badly

Two different towns, same alleged rental scam
In the first case, a Missouri City, Texas-based "realtor" tried to rent out a home they didn't own. And in the second case, out in the Hamptons, and while the real estate agent is real, the rental scam is pretty much the same.
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Home builders: Baby Boomers are not buying homes

But expect to see gradual growth
Builder confidence in the single-family housing market for those over 55 years old dropped, but the housing sector reports strong demand, according to the latest Housing Market Index released by the National Association of Home Builders.
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Real estate tech company Home Bay expands to Colorado

Flat-fee real estate tech company continues expansion
Home Bay Technologies announced on Friday it is expanding to Colorado, marking the sixth state that the San Diego-based startup has expanded operations to since it announced in July 2017 it raised $5 million to fund its growth beyond California. Since then, the company has made its platform available in Florida, Illinois, Georgia, Texas, and now, Colorado.
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Real talk: The mortgage industry is changing, and some of you won't make it

"The times they are a changin'"
When I speak to agents and loan officers on disruption, tech, marketing, etc., my core message is always the same. It is time for you to stop being romantic about the way things used to be. We are never going back. It is time for you to embrace the tremendous opportunity in front of you to reimagine your business for today's consumer. I stress that you don't want to be on the "wrong side" of disruption.
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Seriously underwater properties see smallest ever annual decrease

Home equity growth slows in Q1
The first quarter of 2018 saw the smallest annual decrease in seriously underwater properties since ATTOM Data Solutions began tracking in the first quarter of 2013. ATTOM explained the U.S. reached a tipping point in this housing boom where enough homeowners have regained both sufficient equity and sufficient confidence to tap into their home equity.
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