The new TILA-RESPA Integrated Disclosure (TRID) went into effect on Oct. 3, 2015. It’s two months later, and real estate professionals, as well as many buyers, have given the acronym a new meaning: TRID stands for “the reason I drink.”
Real estate agents may now have more reason to focus on building out their business presence on Facebook. The social network has released a slew of new features and tools for business professionals and firms, including a business search directory, dubbed Facebook’s “Yelp-killer” by some, and new business page messaging capabilities.
Zillow built an empire on the foundation of a single innovation: the “Zestimate.” In 2006, the company was willing to offer consumers what real estate brokers wouldn’t: immediate, automated home value estimates without having to contact an agent. Now, the 10-year-old real estate portal is offering homeowners — and therefore, potential sellers — a more nuanced option.
Nobu Hata is actively in the market to buy a home, and he knows interest rates are going up, but it is still “a little bit of gut check when it happens.” The Chicago resident dubs it a “personal hurdle” for some homebuyers. (Although Hata works for the National Association of Realtors, this is not the official company line.)