Experts Are Eyeing a Recession in 2020—but It’s Not Why You Think
The economy is on a roaring run. Is a downturn imminent? Experts in housing are predicting a recession starting in 2020, according to Zillow’s 2018 Q2 Home Price Expectations Survey; however, they anticipate monetary policy—not the housing market—as primarily responsible for the swing. The Federal Reserve has been guiding fiscal policy since the Great Recession, […]
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Regulatory Relief Bill Passes Congress – Is Mortgage Lending Freedom Ahead?
Change is coming to the mortgage industry in the form of lessened restrictions for many community banks, along with greater consumer protections. The Economic Growth, Regulatory Relief and Consumer Protection Act—a bill that looks to roll back many Dodd-Frank Wall Street Reform and Consumer Protection Act regulations imposed in 2008 following the financial crisis—is currently […]
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New-Home Sales Slightly Slip
April new-home sales slightly slipped, down 1.5 percent to 662,000, according to the Commerce Department. The average new-home sales price was $407,300, while the median was $312,400. New-home listing inventory was 300,000, representing 5.4-months supply. “Even with this minor dip, new-home sales continue to trend upward and reflect builders’ overall confidence in the market,” said […]
8 Tech Companies in 2018 REach® Class
NAR PULSE—NAR’s strategic investment arm, Second Century Ventures, will work with eight companies that show promise in the real estate industry as part of its REach® accelerator program. The companies offer an automated email platform, local marketing system, compliance checklist, transaction management system, income goal tracking program, lead routing app and transaction coordination platform. Learn […]
HomeServices Acquires Ebby Halliday in Latest Move
HomeServices of America, Inc. is acquiring Ebby Halliday Real Estate, Inc., a legacy North Texas powerhouse. The acquisition includes the brands Ebby Halliday, REALTORS®, Dave Perry-Miller Real Estate and William Trew Real Estate, as well as affiliates Home Team Mortgage and Texas Premier Title. As has been customary with HomeServices, the brand’s names will remain […]
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Zillow: $40 Billion to Flood Into Housing Market, Even as Homeowner Incentives Limited
Americans’ earnings, generally, have gotten a lift on payday as a result of the Tax Cuts and Jobs Act. With cuts come more discretionary spending—and, although there are changes to homeowner incentives, almost $40 billion of it is going into the housing market, according to a new report by Zillow. “Despite new limits to two […]
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Appreciation Linked to Population Rise
Appreciation and demand go hand in hand, and for investors, both are key to profit, according to a new report. Assessing the association between growing interest and mounting prices, analysts at HouseCanary found that appreciation is higher where inbound migration numbers are swelling. Boise, Idaho, for example, has had a high influx of new residents, […]
Hawaii Volcano Victims Can Get Relief on Mortgage Payments
(TNS)—If you live in an area of Hawaii that’s been impacted by the Kilauea volcano eruption, your mortgage lender may offer you relief. The eruption has destroyed 26 homes (at press time), and more homes are still at risk. Wells Fargo and Bank of Hawaii have implemented disaster relief policies for those affected by Kilauea. […]
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Midyear Update: Flat Forecast for Home Sales This Year
For the foreseeable future, the housing market will be plagued by scarce supply, according to presenters at the 2018 REALTORS® Legislative Meetings & Trade Expo, held recently in Washington, D.C. With the economy and employment encouraging growth, home sales will be subdued, though still on an uphill track, according to National Association of REALTORS® (NAR) […]
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For Buyers, Credit Matters—but How Much?
Borrowers not as creditworthy as others often have higher mortgage payments; in fact, according to an analysis recently released by Zillow, the average borrower categorized with credit as “fair” can be on the hook for $21,000 more than a borrower with an “excellent” score. Here’s how: Borrower A has a credit score that’s stellar (“excellent”), […]