The past month has been full of history-making Hurricanes — first Harvey, then Irma, and now Maria. The wicked wind, torrential rain and devastating floods these storms brought with them have caused billions of dollars in damage and have displaced thousands. These hurricanes have sparked further conversation about climate change, with everyday folks and scientists alike zeroing in on the present-day impact of natural disasters on our cities and homes. As we look at our neighbors in Texas, Florida and the Caribbean work to rebuild their lives, many have begun to wonder: Am I next?
Real estate valuation might appear complicated and arbitrary to some consumers. They might wonder why an “exactly the same” house next door is listed at a higher price or why new marble countertops didn’t add more to their home’s value.
The Chicago skyline is dotted with cranes. Streets are lined with new construction, some actively in the process of being turned into inventory for buyers and renters, and others sitting untouched for months or even years.
Last week, the U.S. Bureau of Labor Statistics released its non-farm payroll (NFP) report for October. The report showed 271,000 new jobs created surpassing expectations by about 90,000. The unemployment rate was reported to be at just 5 percent.
Clients, colleagues and neighbors probably ask you relatively often, “How’s the market doing?” This one question spurred a comprehensive report at one North Scottsdale real estate team that resulted in national media attention and an in-depth piece to give to clients.
Who are the top mortgage loan originators in every market, and what kind of loans are they generating? Some long-standing mortgage industry trends may see a major shift next month, when lenders take center stage in real estate closings thanks to the Consumer Financial Protection Bureau’s (CFPB) TILA-RESPA Integrated Disclosures (TRID) rule — and CoreLogic is poised to document the changes.
The ultimate aim of any digital marketer selling products or services after generating traffic is to build an email list. The ultimate success lies in the quality and quantity of their email list.
Pro Teck Valuation Services recently released its Home Value Forecast for August, measuring the top and bottom markets throughout the country. Some mainstays — like San Francisco — topped the list, but the city that saw the highest year-over-year home value increases was Detroit.
Twenty years ago, if you wanted to take a vacation, you visited a travel agent to explore your options and make your arrangements. But when websites like Expedia and Travelocity made those services available at the click of a mouse on a computer in the comfort of your own home, the travel industry was forever changed. That’s the crossroads currently facing banks and other stalwarts of the financial services industry.
Thanks to relatively stable market conditions and low mortgage rates, some financially fortunate and savvy homebuyers may be going shopping for second and third properties — and while that may be good news for both buyers and the real estate industry, the bad news is that certain types of related mortgage fraud are also on the rise.
Statistical ratings firm Fitch Ratings continues to report that the title insurance industry is experiencing a healthy year, announcing last week that the industry’s risk-adjusted capital position improved in 2014 and will remain in that position in 2015.
Driven by an increase in bank repossessions, 125,875 properties faced some form of foreclosure activity in April, representing an 18-month high, according to RealtyTrac’s U.S. Foreclosure Market Report.
Sales of existing homes lost momentum in April, but remained above year-ago levels, according to the National Association of Realtors.
Brokers and real estate professionals surveyed by Inman say local control of branding and technology gives indie brokers the ability to craft nimble, profitable businesses that can adapt quickly to local market conditions — without the burden of franchise fees.