Chicago’s Cook County to Test Bitcoin Blockchain-Based Property Title Transfer

Written on February 23, 2017 at 6:01 pm

Through an exclusive partnership with real estate tech startup Velox.re, Chicago’s Cook County will test the use of the Bitcoin blockchain for transferring and tracking property titles and other public records. The Cook County Recorder’s Office is the second largest such office in the United States, and it it will be the first in the  Read More Read More...

New York City’s rental market is tumbling

Written on February 23, 2017 at 5:58 pm

Headlines in recent months have indicated a major softening in the New York City apartment rental market. And commentary from one of America’s biggest homebuilders — Toll Brothers (TOL) — out Wednesday indicates that this trend is continuing apace. Read more, source: Yahoo Finance, February 22, 2017 Read More...

Why Even Optimistic Homebuyers Don’t Touch Their Home Equity

Written on February 16, 2017 at 5:41 pm

Home equity keeps rising as home equity loan debt falls, but memories of the housing crisis still keep homeowners from borrowing against their homes. You may like the idea of owning your own home, but you still aren’t all that comfortable with spending the equity you’ve built in it. Roughly 59 million American adults (one  Read More Read More...

Housing Gains Highlight Economic Divide

Written on December 30, 2016 at 9:16 am

Coastal areas see home values surge while rural regions miss out on the boom.  The volatile housing market of the past 15 years is widening the divide between pricey urban and coastal areas and more affordable inland regions, creating large swaths of winners and losers based largely on geography.  Read more.  (Source: Wall St. Journal,  Read More Read More...

Here’s why economists can’t agree on 2017 housing predictions

Written on December 29, 2016 at 10:47 am

Housing will pick up to its fastest pace ever in 2017. No wait, it will see a slowdown due to affordability constraints. No, that’s not right, affordability is at its best point in years.  Are you having trouble keeping up with all the forecasts for 2017, or wondering which forecast is the most accurate? It’s  Read More Read More...

Existing home sales increased to highest pace in nearly 10 years

Written on November 28, 2016 at 9:39 am

October brings autumn revival for housing market Existing home sales shot up in October to the highest annualized pace in almost a decade, according to the new report from the National Association of Realtors.  “The existing home sales market continues to show surprising strength, defying expectations for a modest fall and instead delivering the strongest  Read More Read More...

What happens now that the CFPB appealed its “unconstitutional” ruling? Compass Point on the next steps in the PHH legal battle

Written on November 23, 2016 at 9:41 am

As expected, the Consumer Financial Protection Bureau last week appealed the U.S. Court of Appeals for the District of Columbia Circuit ruling that declared the agency’s leadership structure unconstitutional and vacated a $103 million increase to a $6 million fine levied against PHH. (Source: Housing Wire, November 21, 2016, Ben Lane).  Read more. Read More...

What Is Blockchain And How Does It Apply To Real Estate?

Written on November 15, 2016 at 10:11 am

The internet made it possible for individuals to transfer information, quickly, cheaply and paperlessly without obtrusive intermediaries. Similarly, blockchain technology offers the same advantages for transferring VALUE. You use the internet to transfer words and pictures. You use blockchain platforms to transfer money and assets. (Source: Realcomm, Author: Ragnar Lifthrasir, President, IBREA, 03.29.2016). Read more.  Read More...

Federal Watchdog Agency Steps Up Inquiry Into Home Contracts

Written on November 15, 2016 at 9:58 am

The Consumer Financial Protection Bureau, the nation’s top consumer watchdog, is stepping up an investigation into seller-financed home sales that target lower-income home buyers unable to get a traditional mortgage. Source: New York Times, ALEXANDRA STEVENSON and MATTHEW GOLDSTEINNOV. 14, 2016. Read more. Read More...

A RISE IN NON-FHA SOLUTIONS FOR LOW-VALUE HOMES

Written on November 15, 2016 at 9:54 am

Along with FHA, a little known financing instrument called a contract for deed have helped low-credit borrowers, according to Daren Blomquist with RealtyTrac. Read more, Source: Builder News, November 10, 2016) Read More...