Real Estate Industry News

Public school teachers and faculty in the Portland area may be eligible to have half of the down payment on a home paid for them, thanks to the recent partnership of Landed and Multnomah County. The startup pays half of the standard down payment (up to $120,000), in exchange for a return on its investment: 25% […]

Foreclosure activity increased slightly in August, but is still down nearly 25% from last year, according to new data from ATTOM Data Solutions. ATTOM's report shows that there were 53,007 properties with foreclosure filings in August 2019, up 4% from July 2019 but down 24% from a year ago.

In July, home prices climbed by 3.6% from the previous year, according to CoreLogic's latest Home Price Forecast. CoreLogic's Chief Economist Frank Nothaft said if the nation's interest rates continue to fall and incomes rise further, then the company expects home-price growth will strengthen over the coming year.

The rate at which new housing in being built in this country has not recovered since the housing crisis, and it looks like that trend may be sticking around for a while. New housing start rates are expected to remain below historical averages through 2022, or later, according to new research from Zillow.

Whether the in-laws are visiting or your once empty nest is once again occupied by a recent graduate, a company in San Jose, California, has a solution. Abodu, a “backyard builder,” is launching this month promising to build a well-designed and city-approved home in backyards within two weeks of being ordered.

The average FICO score stands at a record high, said Ethan Dornhelm, vice president of scores and predictive analytics at FICO. One of the key drivers is the economic expansion, but the purging of Great Recession credit events is also helping, FICO said.

America’s rental prices continued to grow in August, as RentCafé indicates the nation’s average rent increased $47 from the previous year. According to the company’s Apartment Market Report, the national average rent in August totaled $1,472. This is a 0.1% increase from the previous month, and also represents a 3.3% increase from the same time […]

Federal Reserve Chairman Jerome Powell will answer questions from reporters following the end of Wednesday’s policy-setting FOMC meeting that’s widely expected to produce a 0.25% rate cut. Watch out. The last time Powell held a press conference, after July’s FOMC meeting, he used two words that spooked investors and cratered the stock market. And, then […]

As home price appreciation strengthens across the country, a report from HSH suggests home prices have now returned to pre-recession highs in a majority of the nation’s largest housing markets. According to the company’s index, 75% of America’s largest housing markets achieved full home price recovery in the second quarter of 2019. However, the remaining […]

Renting an apartment hasn't been this popular in nearly 20 years, as the rate at which people are renting apartments hasn't been this high since 2000. According to new data from RealPage, apartment occupancy was the highest in August that it has been at any point since the tech boom in 2000. August also marked the […]

Plaid, a technology platform that connects various applications with users’ bank accounts and has a growing presence in the mortgage space, raised $250 million last December in its Series C funding round that pegged the company with a reported valuation of $2.65 billion. But now, the company has two new and very notable investors: Mastercard […]

Mid America Mortgage will soon be offering HECM and private reverse mortgage products. However, rather than developing a proprietary reverse origination solution in-house, Mid America Mortgage is partnering with ReverseVision, the two companies announced.

The average FICO score stands at a record high, said Ethan Dornhelm, vice president of scores and predictive analytics at FICO. One of the key drivers is the economic expansion, but the purging of Great Recession credit events is also helping, FICO said.

We are in the adapt or die moment for mortgage technology, and lenders must quickly move from doing digital to being digital, one expert explained. Leaders in the lending space need to understand that the greatest hurdle for technology in the housing industry isn’t technical. It’s cultural.

Federal Reserve Chairman Jerome Powell will answer questions from reporters following the end of Wednesday’s policy-setting FOMC meeting that’s widely expected to produce a 0.25% rate cut. Watch out. The last time Powell held a press conference, after July’s FOMC meeting, he used two words that spooked investors and cratered the stock market. And, then […]