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Since the CARES Act was signed into law, homeowners across the U.S. have taken advantage of its mortgage relief provisions. In fact, as of November 2020, a total of 6.5 million borrowers had been, or still were, on a COVID-19-related forbearance plan, either through the CARES Act or another program. […]
A week after the insurrection at the Capitol, Frisco, Texas-based Realtor Jenna Ryan released a statement condemning the violence, even after multiple videos and photos surfaced – including ones that she filmed herself – of Ryan participating in the insurrection. What started as a protest devolved into a riot and […]
The University of Southampton is the UK’s best buy-to-let university at present, with a typical rental yield of 7.4%. The area has an average house price of £226,489, with typical rents sitting at £1,388 per month. The second best was the University of Nottingham (7.0%), Nottingham Trent University (6.7%) and […]
Homebuyers signed 27 contracts valued above $4 million last week, according to a new report from Olshan Realty. Buyers haven’t signed that many contracts above $4 million since March. Demand for New York luxury real estate is has returned to pre-pandemic levels, with interested homebuyers signing 27 contracts valued above […]
Amid increased risk of riots and violence, Airbnb will block and cancel all reservations in Washington, D.C. during the week of Joe Biden’s inauguration. Amid increased high risk of violence and rioting, Airbnb will block and cancel all reservations in Washington, D.C. during the week of Joe Biden’s inauguration on […]
Alabama and Georgia Realtors suspend their lawsuit against the Trump administration at least until February after legislation extends moratorium. A federal court has granted a request from the Alabama Association of Realtors and the Georgia Association of Realtors to temporarily suspend their lawsuit against the Trump administration over a nationwide eviction […]
Since launching in late 2019, the company has raised $180 million in funding and has expanded to a total of 75 U.S. cities. Membership-based flexible leasing startup Landing announced a $100 million funding round and expansion into additional markets on Tuesday. The funding round included a $45 million Series B […]
United Wholesale Mortgage (UWM) unveiled a new policy this week, telling brokers that appraisals will be completed within 10 business days or they’ll refund 50% of the appraisal cost back to the customer. The initiative, called “Appraisal Promise,” drops just a week before the wholesale lender’s Wall Street debut on […]
The Federal Reserve is looking into the rise of artificial intelligence and machine learning, and is considering stepping up its oversight of these technologies used by financial institutions. Federal Reserve Governor Lael Brainard spoke at the AI Academic Symposium virtual event on Tuesday, hosted by the Board of Governors of […]
It took a few years, but Victor Ciardelli has finally captured the one that got away. The founder and CEO of Guaranteed Rate, which originated $73 billion in mortgages last year, has made joint ventures and acquisitions a cornerstone of his growing business. In 2017, Guaranteed Rate struck a deal with […]
The Future of Real Estate
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