NYC ordered to resolve “unacceptable, illegal” public housing conditions | 2018-06-11

A new federal complaint alleges the affordable housing conditions in New York City are not decent, safe, sanitary or even legal. But that is about to change. Monday, the U.S. Department of Housing and Urban Development announced it reached an agreement with New York City to improve its hazardous health conditions in its affordable housing.…

In the pipeline: Tapping the small veins | 2018-06-11

Investors are showing a strong preference for multifamily properties due to economic and demographic trends. The multifamily buying and selling market is red hot, and the competition for properties on the market is intense. Historically, this has been a game dominated by large and medium players, multifamily companies and investment firms, but now, individuals want a piece…

Can cryptocurrencies change real estate transactions? | 2018-06-11

As the cryptocurrency craze shows no sign of slowing down, people remain curious about how they can leverage cryptocurrencies and related technologies in the housing and real estate industries. In addition to an increase of cryptocurrencies being used in real estate transactions, more companies and real estate professionals are now incorporating blockchain technology, the ledger tech that cryptocurrencies use, in…

EverBank rebrands as TIAA Bank | 2018-06-04

TIAA announced the rebranding of EverBank and TIAA Direct as TIAA Bank. This rebranding comes almost one year after TIAA acquired EverBank Financial Corp in June 2017. According to TIAA, TIAA Bank will aim to help clients achieve financial well-being up to and through retirement by offering a full suite of financial products and services for…

Bloomberg: First-time homebuyers made up nearly half of new Freddie Mac mortgages in Q1 | 2018-06-04

First-time homebuyers made up almost half of the new mortgages issued by Freddie Mac in the first quarter this year, according to an article from Bloomberg. “This is a millennial-driven rise,” Freddie Mac Chief Economist Sam Khater told Bloomberg in a phone interview. “You’ve got a strong economy that’s helping, along with the appetite of the…

CoreLogic: Home values increase in all 50 states | 2018-06-05

Home prices showed yet another surge in April as year over year values increased for all  50 states, according to the latest Home Price Index report from CoreLogic, a global property information, analytics and data-enabled solutions provider. Home prices increased 6.9% nationally from April 2017 to April 2018, and increased 1.2% from the prior month, according to the report. The chart…

Homes for sale in Washington? Northwest adds thousands of new listings | 2018-06-06

Housing activity in the Northwest increases as improving inventory creates more opportunities for buyers, according to the latest report from Northwest Multiple Listing Service, the largest full-service MLS in the Northwest. The Northwest MLS covers 23 counties in Washington state. Although interest rates have threatened 2018’s market, 14,524 new listings were added during May. This is the…

CoreLogic: Home equity gains top $1 trillion in first quarter | 2018-06-08

Homeowner equity topped $1 trillion in the first quarter of 2018, according to the Q1 2018 home equity analysis from CoreLogic, a property information, analytics and data-enabled solutions provider. Homeowners with a mortgage, about 63% of all homeowners, saw equity increase by 13.3%, a total of $1.01 trillion, since the first quarter last year. The average…