Real estate market

AI-Enabled Drone Technology Unveiled to Keep Real Estate Agents Ahead of the Curve

Written on August 16, 2017 at 11:04 am

San Francisco-based Chime Techologies, an operating system for the real estate industry, recently unveiled two new major innovations along with its one-year anniversary. The launch of the game-changing features—an AI-enabled smart dialer and a fully autonomous drone—reflect Chime’s journey to become a complete operating system that transforms the business of doing real estate by integrating  Read More Read More...

Q2 2017 Real Estate Sentiment Index

Written on June 20, 2017 at 1:28 pm

Outlook for Real Estate Market Surges in Second Quarter Amid Strong Demand The First American Real Estate Sentiment Index (RESI) showed that in Q2 2017. . . Read more. Read More...

Strong Sellers’ Market Sends Defect, Fraud, and Misrepresentation Risk Higher for Fourth Straight Month

Written on May 4, 2017 at 9:50 am

“Loan defect risk is concentrating in attractive local markets where housing demand is the strongest, primarily in the South,” says Chief Economist Mark Fleming. The First American Loan Application Defect Index showed that . . . Read the full article from First American Title Insurance (March 2017 Loan Application Defect Index). Read More...

Mortgage rates plunge below 4% as investors flee the ‘Trump trade’

Written on April 21, 2017 at 11:24 am

Rates for home loans lurched lower, sending the benchmark below the key 4% threshold for the first time in six months, Freddie Mac said Thursday. The 30-year fixed-rate mortgage averaged 3.97%, down 11 basis points during the week and below 4% for the first time since Nov. 17. The 15-year fixed-rate mortgage averaged 3.23%, down  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...

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 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...