With home prices rising 7 percent year-over-year, renting is often seen as a more affordable alternative to buying. But as ATTOM Data Solutions latest rental affordability report shows, that isn’t necessarily true for a good chunk of the population. According to ATTOM’s analysis — which includes fair market rent data for 2018 from the U.S. […]
While real estate agents chase leads and close deals on houses, there’s another level of deal-making that takes place within the real estate industry: mergers, acquisitions, integrations and partnerships. We’ll be recapping each month’s noteworthy deals here. Check back for updates. Cadre partners with Goldman Sachs In what is said to be the beginning of […]
What’s really behind the Opendoor? Find out Wednesday, Jan. 17, 2018, at 11:00 a.m. PT in an exclusive live interview with Opendoor CEO and co-founder Eric Wu, moderated by Andrew Flachner, co-founder and CEO of RealScout, and broadcast only on the Inman News Facebook page. Wu’s company Opendoor, launched in Phoenix in December 2014, leads the pack of a […]
Seattle-based tech-powered brokerage Redfin today announced the expansion of Redfin Mortgage into Pennsylvania — the fourth market added since Redfin Mortgage’s launch in January 2017. Redfin senior communications specialist Alina Ptasynnski said Pennsylvania was a “natural early market” since Title Forward, Redfin’s title business, is headquartered there. Redfin Mortgage, serving Redfin’s buyer clients exclusively, offers […]
A former employee of Move Inc., the parent company overseeing realtor.com, is suing Move, accusing it of defrauding realtor.com’s agent clients by charging them for services they never ordered or received, and of billing their credit cards without authorization. In an eight-count amended complaint filed in Los Angeles Superior Court on Jan. 3, former Move sales […]
Cadre, an online investment marketplace, announced that it has closed $250 million in commitments from global investment banking company Goldman Sachs’ private wealth clients, a move that will enable Goldman Sachs’ private clients to easily invest in Cadre’s broad-based portfolio of commercial real estate assets. Cadre holds itself up as “a smarter, data-centric approach to investing, […]
Economists say increased residential housing starts are the key to solving the inventory crisis and softening home price growth, but even though single-family construction recently hit a 10-year high, builders are going to need more guidance and resources to bring starts back up to the historic average (1.5 million per year). Realtor.com partnered with Builders Digital […]
We’ll add more market news briefs throughout the day. Check back to read the latest. Most recent market news Thursday, January 11 Freddie Mac Primary Mortgage Market Survey 30-year fixed-rate mortgage (FRM) averaged 3.99 percent with an average 0.5 point for the week ending January 11, 2018, up from last week when it averaged 3.95 […]
Virtual reality (VR) was once nothing more than a fantasy explored in movies and video games, but according to Coldwell Banker’s 2018 Smart Home Marketplace Survey, VR is becoming a tangible and integral part of the homebuying process for a majority of Americans. The survey, which included responses from 3,000 adults, revealed that 77 percent of […]
Tight inventory, rising home sales and migration shifts are among the trends — both positive and negative — to watch for in 2018, according to Re/Max Co-Chief Executive Officer Adam Contos. In a 2018 outlook issued Monday by Re/Max, Contos characterized historically low housing starts, down 2.9 percent year-over-year according to Re/Max data, as the […]
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