Southwest sees fastest single-family rent increase
8/21/2019 4:25 PM
Last month, we reported that Phoenix led the nation in multifamily rent growth. Now, according to a recent report from CoreLogic, single-family homes are following suit as rent prices are increasing the fastest in the Southwest. Phoenix had the highest year-over-year rent growth for the seventh consecutive month this June, with an increase of ...Read More
Airbnb takes over 20% of housing in Arizona housing
8/21/2019 3:40 PM
Airbnb vacation rentals took over one city in Arizona, frustrating its citizens and causing business leaders to speak out. It is now estimated that about 1,000 homes, or 20% of the city’s total housing inventory, are being used as short-term vacation rentals...Read More
Mortgage Tech Rundown: AIME, LoanScorecard, and Shape Software
8/21/2019 3:33 PM
Mortgage Tech Rundown looks at the latest news in mortgage technology, featuring new product updates, integrations and announcements. Today we take a look at the latest fintech news from AIME, LoanScorecard and Shape Software...Read More
America"s growing home tenure is threatening potential home sales growth
8/21/2019 10:40 AM
Potential existing-home sales fell in July as inventory concerns continued to threaten the market’s overall growth, according to First American’s Potential Home Sales Model. According to the company’s analysis, the market potential for existing-home sales fell by 1.2% from 2018, equating a loss of 63,000 sales. First American Chief Economist Mark F...Read More
Low mortgage rates spur gain in July"s existing home sales
8/21/2019 9:25 AM
Existing-home sales rose in July from the prior month, increasing nearly 2.5%, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun said falling mortgage rates are improving housing affordability and nudging buyers into the market. However, Yun warns that the supply of affordable housing is seve...Read More
Douglas Elliman launches in Texas
8/20/2019 4:59 PM
Douglas Elliman Real Estate, the top brokerage in the New York metro area, is expanding into Texas. On Tuesday, the brokerage announced a joint venture with Sudhoff, a company based in Houston that specializes in luxury high-rise condominiums. Jacob Sudhoff, president of Sudhoff, was named chief executive officer of Douglas Elliman, Texas...Read More
Here"s more proof that Millennials have officially entered the housing market
8/20/2019 3:47 PM
Another day, another set of data that shows Millennials are now officially in the housing market. Earlier this year, data from realtor.com showed that Millennials were responsible for more new mortgages in 2018 than any another generation. Now, new data from the same source shows that Millennials" share of the mortgage market has onl...Read More
Zillow expands its coverage in Canada
8/20/2019 12:34 PM
Zillow was founded in the U.S. in 2006, and began expanding into Canada just last summer. And now, Zillow is partnering with more than 250 Canadian brokerages and franchisors to expand the Canadian real estate listings on its site...Read More
WSJ: World Trade Center losing money due to hefty security costs
8/20/2019 12:26 PM
Security costs are making it hard for the Port Authority of New York and New Jersey to make a profit on the World Trade Center, built to replace the towers destroyed in the September 11 terrorists attacks almost 18 years ago...Read More
HUD awards $28 million to deal with lead paint in public housing
8/20/2019 11:01 AM
The Department of Housing and Urban Development announced Tuesday that is providing $27.8 million to 38 Public Housing Agencies across the country to reduce lead-based paint hazards in older public housing units. Although lead-based paint was banned for use in homes in 1978, HUD currently estimates that there are approximat...Read More

CNN Money:
Retirement contribution limits will rise in 2019
11/1/2018 3:50 PM
Good news retirement savers: The Internal Revenue Service announced cost of living increases to the contribution limits for retirement-related plans in 2019....Read More

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