Housing Market
Stay up-to-date on housing market news through IDX Global. We’re covering breaking news, expert commentary and more.
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 […]
Ipswich Building Society ups LTI limit for high earners
Ipswich Building Society has started stress testing applicants at 5.5 times loan-to-income for those earning at least £75,000, up from 4.5. However the society is not limiting its maximum income multiples to professionals, such as doctors, lawyers, accountants, architects and vets. Richard Norrington, chief executive of Ipswich Building Society said: […]
Mortgage brokers doing ‘visa’ searches in 2020
Mortgage advisers most commonly searched for ‘visa’ in 2020, data from Legal & General Mortgage Club found. This was likely as a result of a weaker pound, more interest from Hong Kong buyers, as well as uncertainty facing EU nationals and expats due to Brexit. The ‘maximum age’ of a […]
Trump administration will not end GSE conservatorship
The U.S. Department of the Treasury and the Federal Housing Finance Association issued a joint statement Thursday officially announcing they decided against restructuring the taxpayers’ stake in Fannie Mae and Freddie Mac. In other words, the government-sponsored enterprises will not be exiting conservatorship under the current administration. In a statement […]
NAR: Most Behavior at Capitol Riot Does Not Violate New Ethics Policy
Participating in last week’s insurrection at the Capitol was not a violation of the National Association of Realtors’ new ethics policies unless a Realtor directed hate speech toward a protected class while doing so, according to the third of six monthly training webinars the 1.4 million-member trade group will be hosting […]
Industry calls for new FHFA leadership, GSE reform
The National Association of Realtors and other industry trade groups are calling for the reform of the government-sponsored enterprises. They also want to see a change in the leadership structure at their regulator, the Federal Housing Finance Agency. At a webinar hosted by NAR, panelists spoke about the next potential […]
7 things that have changed forever in the mortgage industry
The mortgage industry has not traditionally been the vanguard in the adoption of digital solutions particularly in data intelligence and applied machine learning. Investments in proper infrastructure, an innate fear of losing process control, and converting the workforce to a digitally savvy “knowledge force” have contributed to “digital apprehension” in the […]
The Agency Adds To Its Leadership Team With High-Profile Hires
Jim Ramsay comes aboard from Engel & Völkers as the new executive vice president of franchise sales, while Wendy Walker, formerly of Coldwell Banker, will be the managing director of the Scottsdale office. Luxury real estate brokerage The Agency is shaking things up and adding two high-profile real estate hires […]
Elm Street Technologies Elevate Acquires Flow ROI
As a result of Elm Street Technologies’ second acquisition of 2021, Flow ROI’s transaction management software will become part of Elevate, making the office management and marketing solution an end-to-end competitor with the likes of Chime, kvCORE and others. Elm Street Technology has announced its second acquisition of 2021. The […]
Own Up eyes national expansion with $12M funding round
A $12 million funding round will enable digital mortgage marketplace company Own Up to expand nationally, company officials said Wednesday. Own Up, which loosely resembles a mortgage brokerage, will expand to 15 new states in 2021, including California. Consumers already have access in Colorado, Connecticut, Florida, Georgia, Maine, Massachusetts, Michigan, […]
FHFA extends relaxed appraisal, lending standards
The Federal Housing Finance Agency (FHFA) announced on Thursday it has extended relaxed lending and appraisal standards put in place due to COVID-19 another month for both Fannie Mae and Freddie Mac. The flexibilities surrounding alternative verifications of employment and appraisals were originally set to expire on Jan. 31, 2021, however, […]
7 New Tech Products Every Real Estate Agent Should Know About
Held virtually, the 2021 Consumer Electronics Show revealed the latest in home and business technology, including a home recycling solution, wearable joysticks for hands-free control and even “smart tub” from Kohler. Once a year in Las Vegas, the Consumer Electronics Show comes to The Strip to entice us with the best of […]
Amid Pandemic, 2020 Was A Year Of Record-Low Foreclosures
In 2020, foreclosure filings reached their lowest levels since Attom Data began tracking the metric in 2005. The total number of foreclosure filings in 2020, including default notices, scheduled auctions and bank repossessions, plummeted 57 percent from 2019 to a total of 214,323 foreclosure filings on U.S. properties, according to […]
3 Tips For Maximizing Your Real Estate Team’s Virtual Open House Efforts
Harnessing social media to propel our listings’ visibility further while casting a wide net for potential buyers has proven to be a successful strategy for our team. Here’s how we do it at The Agency. During the pandemic, finding innovative ways to connect with potential buyers is of paramount importance. […]
The Future of Real Estate
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