fbpx
Home Blog
HUD: $472M allocated to low-income households
Public Housing Authorities will use the money to make sure people have "a decent, safe, and affordable place to call home," Carson said U.S. Department of Housing and Urban Development Secretary Ben Carson announced Monday the allocation of $472 million to be used for low income families during the coronavirus pandemic. HUD made the...
August home sales keep agents busy into fall
The pandemic pushed peak home-buying from spring to summer Rather than a typically busy spring home-buying season, the COVID-19 pandemic pushed the bulk of home-buying this year into the summer months, and real estate agents are busier than ever. According to the National Association of Realtors, contract signings kicked off strong in August,...
Three most consequential questions in property technology
In real estate, we often hear clever marketing that touts how technology can benefit a building. While it's often the case that technology has numerous perks, when it comes to investing in technology for your property, those benefits are usually measured one way: impact to profitability. I don't say this to be cynical; many...
Buying real estate with no money down
One of the most difficult concepts for new real estate investors to understand is the concept of buying real estate with no money down. What Is 'No Money Down?' The term "no money down" is misleading. The definition does not mean no money down. It simply means none of your money down. You could...
The real estate and economy growth are affected by regional air travel
There's nothing quite like flying — getting from where you are to where you need to be in miraculously fast fashion. And even though, for years, flying also involved driving hours to the nearest major airport, smaller local and regional airports have made flying an even speedier option for people living outside major cities across the country.
Zillow group increased revenue by 82% despite the pandemic
Zillow Offers' revenue is up 82% After an unpredictable spring, Zillow Group said it has beat its outlook in the second quarter. The group’s total consolidated revenue grew 28% year over year in Q2, to $768 million, with a total net loss of $84 million. “Zillow’s second quarter results are even better...
Increase on bidding wars caused by low mortgage rates and low inventory
Homes in the $400K to $500K price range saw the most competition As mortgage rates and housing inventory continue to hit record lows, potential homebuyers face an increasingly competitive environment. For the third consecutive month, Redfin said that more than half of its home offers faced competition in July. Last week, average U.S. mortgage rates...
Urban dwellers prefer to get homes in the suburbs and beyond
In crowded housing markets hit hard by the coronavirus pandemic, city dwellers are looking at where they want to live through a new lens. During the second quarter of 2020, 51% of realtor.com’s views from urban residents of the nation’s 100 largest metros went to suburban properties in their metros, a record high since the real estate...
Data reveals it’s now a seller’s market
First-time homebuyers face particular obstacles After two consecutive months of advances, Fannie Mae’s Home Purchase Sentiment Index, a composite index designed to track consumers’ housing-related attitudes, intentions and perceptions, fell 2.3 points in July to 74.2. Year over year, the HPSI is down 19.5 points but still sits above April’s near-record low.
Eviction moratorium was extended in NYC
The federal eviction moratorium ended the same time unemployment benefits did New York Gov. Andrew Cuomo has extended the state’s eviction moratorium again, as many fear being kicked out of their homes after the federal eviction moratorium and unemployment benefits ended late last month. In March, the State of New York...
1,092FansLike
235FollowersFollow

MOST POPULAR