Real Estate

Real estate development, sales, and market trends.

ARTICLES

  • There are too many big houses on the market, and it's a problem

    Blame the Boomers. They built massive retirement dream homes, and now no one wants them
    There are scores of huge homes across the Southern U.S. that are simply sitting on the market, and sellers are settling for massive price cuts in order to move on with their lives. What gives? Blame the Boomers. Hordes of retirees with easy access to credit built their late-in-life dream homes across the Sunbelt in the early 2000s, only to discover that these huge, high-maintenance abodes didn't exactly make for ideal living in their Golden Years.
    Read More
  • [Pulse] 5 actionable tips on building a personal brand for real estate and mortgage professionals

    Here's how I became a $180-million-per-year producer, and how you can do it, too
    I got into the mortgage business in 2008, possibly the worst year for the financial markets. I was armed with three people in my sphere of influence and $1,900 in capital. Fast-forward a couple of years, and my company posted an astronomic three-year growth of 987%. While most successes can't be attributed to just one factor, in my case, personal branding played a huge role. Here's how I did it, and some tips on how you can do it, too.
    Read More
  • Study reveals generational divide in HELOC use

    Millennials more likely to use proceeds on things other than home renovation
    Most of the time, when a homeowner takes out a HELOC, the plan is to use the proceeds to fund home renovations. But a recent survey of 1,003 HELOC or future HELOC borrowers by Citizens Bank revealed that younger borrowers are much more open to using the loan for things other than home renovation, shedding light on a generational divide in the way homeowners utilize their home equity.
    Read More
  • Freddie Mac: Housing market will regain momentum this spring

    Rising sales demand and more inventory will spark action
    Lower than expected mortgage rates and moderating home prices are projected to heat up the spring home-buying season, according to Freddie Mac's March Forecast. Freddie Mac Chief Economist Sam Khater said rising sales demand coupled with more inventory than previous spring seasons suggests that the housing market is in the early stages of regaining momentum.
    Read More
  • NAR: Monthly existing home sales reach four-year high

    Each region but Northeast experiences an increase in sales activity
    In February, existing home sales experienced their largest monthly gain since December 2015, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun said a powerful combination of lower mortgage rates, more inventory, rising income and higher consumer confidence is driving the sales rebound.
    Read More
  • Realogy to roll out AI tools for real estate professionals

    Real estate giant bets big on tech to woo agents
    Residential real estate giant Realogy has debuted as suite of AI tools for agents and brokers that it hopes will reshape the future of real estate. At its RGX conference in Las Vegas this week, Realogy introduced a number of innovative tools that it’s planning to roll out this year, including some that leverage artificial intelligence to make the job easier.
    Read More
  • PeerStreet expands product suite with Residential for Rent loans

    Makes its first move into long-term financing
    PeerStreet, an online marketplace for real estate-backed loans, has launched Residential for Rent loans, enabling borrowers to secure long-term financing on residential properties for rent. PeerStreet Co-Founder and CEO Brew Johnson said the company was excited about expanding its marketplace beyond bridge loans, and that the move is a natural progression as the company increases its transaction volume with institutional investors.
    Read More
  • First American: Dwindling inventory threatens potential home sales growth

    Market potential for existing-home sales retreats by 2.9%, totaling a loss of 153,000 sales
    Although potential existing-home sales rose marginally in February, a lack of inventory now threatens future growth, according to First American's Potential Home Sales Model. First American Chief Economist Mark Fleming said the housing market continues to underperform its potential, but shows signs of promise leading into the spring home-buying season.
    Read More
  • Housing market trends are stifling the jumbo mortgage market

    But the WSJ says lenders aren't backing down
    In the years following the financial crisis, mortgage lenders turned their attention to the jumbo mortgage market as high-end clients proved to be a safe and profitable bet. But now, recent trends taken a toll on the jumbo market, causing volume to fall 12% in the last year, a decline that outpaces the overall mortgage market by 5%. "Still, there are few signs banks are changing tack," The Wall Street Journal stated. "If anything, industry watchers say, they are becoming more competitive."
    Read More