In the Money

RealPage completes $100 million acquisition of LeaseLabs

Provider of digital marketing services and software is RealPage’s latest acquisition
RealPage’s $100 million acquisition of LeaseLabs is now complete. The acquisition of LeaseLabs is just the latest for RealPage, a provider of software and data analytics to the real estate industry. This is RealPage’s sixth since January 2017 and pushes the company’s total outlay for its recent expansion past $1 billion.
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Americans have the highest amount of tappable equity in history

There is now more than $6 trillion for the taking, but fewer homeowners are touching it
The amount of home equity accessible to America’s 44 million homeowners surpassed $6 trillion – the highest level in history. Now, Americans have three times as much equity as they did when the market bottomed out in 2012, and 21% more than they did at before the bubble burst in 2006. Yet, fewer appear to be taking advantage of this major source of wealth.
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Retirement experts: Trump's order on retirement savings falls short

Fixing the retirement problem means fixing Social Security
Last week, President Donald Trump made a move to address what many are calling a looming retirement crisis that could cripple the country as more Baby Boomers age. While his promise to “take care of our people, to rebuild our nation, and to fight for our great American workers” sounds great, some retirement experts question whether it really amounts to much.
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RBS meets $400 million consumer relief goal by handing out $130 million in relief

Bank completes consumer relief portion of its $500 million settlement with New York
Just six months after the Royal Bank of Scotland reached a $500 million settlement with the state of New York over the bank’s mortgage practices in the run-up to the housing crisis, RBS has reached the settlement’s $400 million consumer relief goal, by providing just under $130 million in actual relief.
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$85 million NYC condo comes with 2 tickets to space, $1 million yacht, more

Agency tosses in perks to overcome stalled NYC luxury market
New York City’s luxury market has been clogged with too much inventory in recent months, slowing the sale of high-end properties, like this 15,000 square-foot duplex penthouse in Hell’s Kitchen. The owner just put the property back on the market, adding a list of eye-popping perks in a bid to sweeten the pot.
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Trump administration wants to make it easier to save for retirement

Executive order seeks to strengthen retirement security
Americans have not saved enough for retirement, and it’s a problem that some are calling a looming crisis as the population continues to age. President Donald Trump addressed the issue today, signing an executive order that would expand access to retirement savings plans for American workers.
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Opendoor goes nationwide

Plans expansion into California, Pacific Northwest, and more
Opendoor, an online marketplace that buys homes directly from homeowners, is about to go nationwide. The company told HousingWire this week that it plans to expand into California, the Pacific Northwest, and several other areas over the next few months.
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Trump cancels looming pay raise for federal workers

Workers at HUD, FHA, FHFA, other agencies see raises disappear
Nearly two million federal government employees, including many at the Department of Housing and Urban Development, the Federal Housing Administration, the Department of Veterans Affairs, the Federal Housing Finance Agency, and all other federal agencies, were due a pay raise in January, but that won’t happen anymore.
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News Corp’s Move acquiring Texas real estate startup Opcity for $210 million

Company matches homebuyers and sellers with real estate agents
Move, which is owned by media giant News Corp and operates Realtor.com for the National Association of Realtors, is about to grow its real estate empire by acquiring a Texas-based real estate technology startup that claims its technology can match qualified homebuyers and sellers with real estate agents in real-time. News Corp announced late Wednesday that Move is acquiring Opcity, which was founded in 2015, for $210 million.
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