Americans liking real estate more than stocks, gold again

Americans liking real estate more than stocks, gold again

Less than a decade after the U.S. housing bust almost blew the world economy to smithereens, Americans are once again looking at real estate as their best long-term investment — better than gold, stocks, savings accounts and bonds. That’s...
10 hours ago
Still no alternative to MERS for electronic recording of mortgages

Still no alternative to MERS for electronic recording of mortgages

Remember Mortgage Electronic Registrations Systems Inc. (MERS), the sometime whipping boy of the robo-signing scandal? It’s still the only game in town for electronic recording of mortgages, and hasn’t implemented all the fixes it promis...
Thursday, April 17, 2014
Mortgage rates edge down

Mortgage rates edge down

Rates on 30-year fixed-rate mortgages averaged 4.27 percent with an average point of 0.7 for the week ending April 17, down from 4.34 percent last week but up from 3.41 percent a year ago, according to Freddie Mac’s latest Primary ......
Thursday, April 17, 2014
LA nonprofit launching ‘Zillow for vacant lots’

LA nonprofit launching ‘Zillow for vacant lots’

The Los Angeles-based Community Health Councils and three other groups are about to launch a “Zillow for vacant lots,” LA Open Acres, tracking nearly 300 acres of land in South Central Los Angeles that could potentially be transformed int...
Wednesday, April 16, 2014
Demand for purchase loans down 16 percent from year ago

Demand for purchase loans down 16 percent from year ago

Although demand for purchase mortgages during the week ending April 11 was up 1 percent from the week before, it was down 16 percent from the same time last year, the Mortgage Bankers Association said in reporting the results of ......
Wednesday, April 16, 2014
Housing starts stay on long-term growth path

Housing starts stay on long-term growth path

Housing starts remain on a long-term growth path after moving sideways for about two and a half years following the housing crash, Calculated Risk’s Bill McBride reports, citing Census Bureau figures showing single-family housing starts were up...
Wednesday, April 16, 2014
Seller will take bitcoin for $2.69M Hilton Head vacation home

Seller will take bitcoin for $2.69M Hilton Head vacation home

The owner of a four-bedroom oceanfront home on Hliton Head Island, S.C., is hoping that the lower transaction costs of using bitcoin will attract overseas buyers, says listing agent Bill True of Lancaster Real Estate Sales. He’ll take all or ....
Wednesday, April 16, 2014
Twitter’s Gnip acquisition could create new marketing opportunities

Twitter’s Gnip acquisition could create new marketing opportunities

Marketers and brands (not to mention real estate brokers and agents) that use aggregated Twitter data to “spot trends, analyze sentiment, find breaking news (and) connect with customers” can probably expect to get their hands on more soph...
Tuesday, April 15, 2014
Rental affordability on the wane in the US

Rental affordability on the wane in the US

A low supply for rental housing combined with high demand is pushing rents past the affordability mark in many U.S. cities, the New York Times reports. Traditionally, rents are considered affordable when monthly rent and utility expenses fall below 3...
Tuesday, April 15, 2014
Homes.com to be featured on hit TLC show ‘My First Home’

Homes.com to be featured on hit TLC show ‘My First Home’

Homes.com has teamed up with cable network TLC to help a St. Louis family find their first home on TLC’s hit show, “My First Home.” The episode will air on Saturday, April 26 at 12:30 p.m. Eastern, and will feature ......
Monday, April 14, 2014
Rich Barton credits runaway Internet success to transparency

Rich Barton credits runaway Internet success to transparency

Rich Barton, who co-founded Zillow in 2005 and currently serves as the $3.4 billion firm’s executive chairman, in a New York Times profile attributes his immense success as an Internet entrepreneur to a focus on making previously hidden informa...
Monday, April 14, 2014
$120M Greenwich, Conn., estate sale the most expensive on record

$120M Greenwich, Conn., estate sale the most expensive on record

Copper Beech Farm in Greenwich, Conn., a 50-acre estate with 4,000 feet of ocean frontage, two offshore islands and a 15,000-square-foot mansion featuring 12 bedrooms, sold today for $120 million, making it the most expensive single-family U.S. home ...
Friday, April 11, 2014
Mortgage rates decline as spring buying season begins

Mortgage rates decline as spring buying season begins

Fixed mortgage rates edged down as the spring homebuying season began to kick in this week, Freddie Mac reported. Rates on 30-year fixed-rate mortgages averaged 4.34 percent with an average point of 0.7 for the week ending April 10, down ......
Thursday, April 10, 2014
Banks turning attention to homes in ‘foreclosure limbo’

Banks turning attention to homes in ‘foreclosure limbo’

Foreclosure activity in March remained well below year-ago levels, but ticked up on a monthly basis as some states began to push properties through the foreclosure pipeline that have long languished in delinquency, RealtyTrac reported. Foreclosure fi...
Thursday, April 10, 2014
Demand for purchase mortgages picks up

Demand for purchase mortgages picks up

Demand for purchase mortgages ticked up last week as the spring homebuying season began to kick into gear, the Mortgage Bankers Association (MBA) reported. Applications for purchase loans increased a seasonally adjusted 3 percent for the week ending ...
Wednesday, April 9, 2014
Survey shows consumers bullish on housing, skeptical about recovery

Survey shows consumers bullish on housing, skeptical about recovery

More than one in three homeowners and renters surveyed by Fannie Mae in March said it’s a good time to sell, up from about one in four at the same time last year. Sixty-nine percent said it’s a good time ......
Tuesday, April 8, 2014
Mortgage credit eases as jumbo lending expands

Mortgage credit eases as jumbo lending expands

Mortgage credit availability rose for the fourth straight month in February as financing for jumbo mortgages continued to expand, the Mortgage Bankers Association (MBA) reported. The trade group’s Mortgage Credit Availability Index (MCAI) increase...
Tuesday, April 8, 2014
Zillow teams up with Portlandia on IFC TV ad

Zillow teams up with Portlandia on IFC TV ad

Portlandia, the sketch comedy sitcom that satirizes the peculiar subcultures of Portland, Ore., and airs on the IFC cable TV channel, has picked up its Seattle-based neighbor Zillow as an ad partner. Zillow collaborated with the show to create a ......
Monday, April 7, 2014