Housing Market
Stay up-to-date on housing market news through IDX Global. We’re covering breaking news, expert commentary and more.
Impact of the CARES Act on mortgage servicing operations
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. […]
Texas Realtor who stormed Capitol responds to backlash
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 […]
Uni of Southampton is UK’s best buy-to-let university
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 […]
Demand For Manhattan Luxury Real Estate Roars Back To Life
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 […]
Airbnb To Block And Cancel All D.C. Reservations Ahead Of Inauguration
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 Pause Efforts To Stop Eviction Ban
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 […]
Membership-Based Flexible Leasing Co. Landing Raises $100M
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 […]
UWM will partially refund borrowers for late appraisals
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 […]
Fed considers regulating AI used by financial institutions
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 […]
Guaranteed Rate now has a path toward an IPO, whether its CEO wants it or not
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 […]
Why The Compass IPO Will Be Successful
This week, Compass announced its IPO. The timing looks near perfect with a strong real estate market and a robust IPO market. The company has hired the best bankers, beefed up its management team and will likely show its best year ever in its 2020 financial results. My guess, the […]
The Compass IPO: Everything You Want To Know But Were Afraid To Ask
Compass took the first steps towards going public this week, confidentially filing an S-1 document with the U.S. Securities and Exchange Commission (SEC). While there are still a number of steps before the company is actually publicly traded, here’s everything you should know about the Compass initial public offering (IPO). […]
JPMorgan Chase amps up correspondent lending
JPMorgan Chase, the nation’s largest depository bank, increased mortgage origination volume to $32.5 billion in the fourth quarter, a 12% gain on the prior quarter. But that doesn’t quite tell the whole story. The Jamie Dimon-led bank increased overall mortgage origination volume primarily through its correspondent channel, according to the […]
Luxury Senior Living Platform Seeks To Hire 1 Lucky ‘Undercover Grandma’
To see whether luxury housing for seniors truly lives up to the hype, one assisted living search platform is looking for a “glamorous grandma” to go undercover as a tester. CaringAdvisor.com, a search platform for various assisted living options across the country, is planning to release a repository of senior […]
Figure Lending lands $100M funding facility
SoFi co-founder Mike Cagney’s latest digital mortgage operation Figure Lending closed on a $100 million funding facility from JPMorgan Chase this week. The warehouse facility will allow the company, a subsidiary of Figure Technologies, to originate conventional loans as well as jumbo loans, the company said in a statement Wednesday. […]
The Real Word: 5 More Trends From The 2021 Swanepoel Trends Report
Byron Lazine and Nicole White are two agents in Connecticut who give us their thoughts on the week’s news every Friday in “The Real Word,” a weekly video column on Inman. Last week, Byron and Nicole tackled the 16th edition of the Swanepoel Trends Report, which boasts a wealth of […]
Smart Home Tech: Which Smart Locks Are Best For Security?
A smart lock can offer homeowners security, convenience and a peace of mind. Here’s how to find the best (and most compatible) smart lock in a sea of options — plus a few tips on keeping your home extra secure. It’s been a year now since we first compared Schlage […]
Need Print And Social Media Marketing Fast? Enter CoVault
An agent from Victoria, British Columbia, has built a new listing and social media marketing solution for the busy agents everywhere — and it’s called CoVault. Have suggestions for products that you’d like to see reviewed by our real estate technology expert? Email Craig Rowe. CoVault is a marketing software […]
House prices to fall in the first quarter
Property prices will fall by 6.2% in the first quarter of 2021, reallymoving has predicted. The decline is expected to accelerate on a monthly basis from -1.2% in January, -2.5% in February, and -2.6% in March. Rob Houghton, chief executive of reallymoving, said: “Considering the wider economic context of the […]
New parliamentary group to promote commercial property
Gagan Mohindra is member of parliament for South West Hertfordshire Over the last 20 years the economics and politics of the housing market has been transformed. Housing used to be a battleground between different ideologies. The Labour party thought that it owned council houses and their tenants, and their answer […]
The Future of Real Estate
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