Tag Archives: Realtors

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Freddie Mac: Housing market will regain momentum this spring

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Lower than expected mortgage rates and moderating home prices are projected to heat up the spring home-buying season, according to Freddie Mac’s March Forecast. Freddie Mac Chief Economist Sam Khater said rising sales demand coupled with more inventory than previous spring seasons suggests that the housing market is in the early stages of regaining momentum.

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Study reveals generational divide in HELOC use

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Most of the time, when a homeowner takes out a HELOC, the plan is to use the proceeds to fund home renovations. But a recent survey of 1,003 HELOC or future HELOC borrowers by Citizens Bank revealed that younger borrowers are much more open to using the loan for things other than home renovation, shedding light on a generational divide in the way homeowners utilize their home equity.

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Realogy to roll out AI tools for real estate professionals

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Residential real estate giant Realogy has debuted as suite of AI tools for agents and brokers that it hopes will reshape the future of real estate. At its RGX conference in Las Vegas this week, Realogy introduced a number of innovative tools that it’s planning to roll out this year, including some that leverage artificial intelligence to make the job easier.

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There are too many big houses on the market, and it’s a problem

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There are scores of huge homes across the Southern U.S. that are simply sitting on the market, and sellers are settling for massive price cuts in order to move on with their lives. What gives? Blame the Boomers. Hordes of retirees with easy access to credit built their late-in-life dream homes across the Sunbelt in the early 2000s, only to discover that these huge, high-maintenance abodes didn’t exactly make for ideal living in their Golden Years.

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[Pulse] 5 actionable tips on building a personal brand for real estate and mortgage professionals

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I got into the mortgage business in 2008, possibly the worst year for the financial markets. I was armed with three people in my sphere of influence and $1,900 in capital. Fast-forward a couple of years, and my company posted an astronomic three-year growth of 987%. While most successes can’t be attributed to just one factor, in my case, personal branding played a huge role. Here’s how I did it, and some tips on how you can do it, too.

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Opendoor lands $300 million capital infusion

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Digital real estate disrupter Opendoor has landed yet another massive cash infusion, raising $300 million in a recent investment round and bringing its total equity capital to $1.3 billion. Now, the company – which aims to change the way Americans buy and sell homes by whittling the process down to a few simple online transactions – is valued at $3.8 billion.

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Northstar welcomes new director of development

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NorthStar Commercial Partners recently announced the appointment of Brian Dietz as the company’s new director of development. Northstar Commercial Partners Founder and CEO Brian Watson said Dietz’s extensive experience in commercial real estate development will help drive the organization’s continued growth in the U.S. market.

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These are the best counties to buy single-family rentals

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Single-family rental purchases inched forward in the first quarter of 2019, according to ATTOM Data Solutions’ latest Single-Family Rental Market report. ATTOM Data Solutions Chief Product Officer Todd Teta said buying single-family homes to rent them out is a better deal for investors in 2019, than housing was during the same time in 2018.

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Do home equity loans affect your credit score?

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Despite record amounts of home equity, fewer homeowners are tapping into this source of wealth. While a number of factors contribute to this fact, could concerns about a home equity loan’s effect on credit score play a role? To determine the impact a home equity loan could have on a borrower’s credit profile, LendingTree analyzed data from 2,500 consumers to see how their credit scores changed in the months after they took out a loan, and the results may surprise you.

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Facebook making massive changes to ad platform after being accused of enabling housing discrimination

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Facebook is making significant changes to its advertising platform after the social media monolith was accused of enabling discrimination in housing, employment, and lending. The changes come after years of scrutiny into Facebook’s ad practices, which appeared to allow advertisers to purposefully exclude certain people from seeing housing, employment, or lending ads.

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