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📣 New home builders and developers are motivated not just by an obvious goal of trying to make home purchases less bruta...
11/04/2020
Find out how new-home hunting become as fun as dating with AI

📣 New home builders and developers are motivated not just by an obvious goal of trying to make home purchases less brutal and off-putting for buyers, but also by a less obvious objective as well.

https://reinewswire.com/find-out-how-new-home-hunting-become-as-fun-as-dating-with-ai/

For instance, we’ve learned now that buyers can swipe right to put a listed-property they like into hook-up mode, thanks to the late fusion of data, technology, and real property imagery.

📣 Mattamy Homes, one of North America’s largest homebuilders, has reached an agreement to acquire the homebuilding opera...
11/02/2020
Dallas-based new synergy homes was acquired by mattamy homes

📣 Mattamy Homes, one of North America’s largest homebuilders, has reached an agreement to acquire the homebuilding operations of Dallas-based New Synergy Homes.

https://reinewswire.com/dallas-based-new-synergy-homes-was-acquired-by-mattamy-homes/

According to Mattamy Homes, it will offer employment opportunities to all employees of New Synergy Homes, and will not acquire the land development operations of Centurion American Development Group, which will continue to be led by Mehrdad Moayedi.

📣 Zillow Offers, the iBuying arm of Zillow Group, has cut approximately 80 jobs in a realignment, the company confirmed ...
10/29/2020
Cites realignment cause Zillow to offer 80 job cuts

📣 Zillow Offers, the iBuying arm of Zillow Group, has cut approximately 80 jobs in a realignment, the company confirmed to HousingWire. The affected employees were informed earlier this month.

https://reinewswire.com/cites-realignment-cause-zillow-to-offer-80-job-cuts/

Zillow Offers, the iBuying arm of Zillow Group, has cut approximately 80 jobs in a realignment, the company confirmed to HousingWire. The affected employees were informed earlier this month.

📣 The U.S. forbearance rate measuring the share of mortgages with suspended payments fell slightly to 5.9% last week, ac...
10/27/2020
Fannie and Freddie led mortgage forbearances down into 2 basis points to 5.9%

📣 The U.S. forbearance rate measuring the share of mortgages with suspended payments fell slightly to 5.9% last week, according to the Mortgage Bankers Association.

https://reinewswire.com/fannie-and-freddie-led-mortgage-forbearances-down-into-2-basis-points-to-5-9/

The decline was largely driven by a 5-basis-point drop in Fannie Mae and Freddie Mac loans that knocked the GSEs’ rate of forbearance down to 3.72% – the 20th consecutive week the enterprises’ rate has fallen.

📣 The housing market faced a lot of uncertainty when COVID-19 caused the real estate industry to pause under shut-downs,...
10/21/2020
Uncertainty this March in housing market

📣 The housing market faced a lot of uncertainty when COVID-19 caused the real estate industry to pause under shut-downs, but low interest rates and the desire for more space has turned this year into a boom time for real estate agents.

https://reinewswire.com/uncertainty-this-march-in-housing-market/

The housing market faced a lot of uncertainty when COVID-19 caused the real estate industry to pause under shut-downs, but low interest rates and the desire for more space has turned this year into a boom time for real estate agents.

📣 Knock Home Swap is offered by more than 30 brokerage firms and more than 24,000 agents, the company said. Home Swap wi...
10/20/2020
Florida market penetrated by knock home swap solution

📣 Knock Home Swap is offered by more than 30 brokerage firms and more than 24,000 agents, the company said. Home Swap will be available in at least 11 markets by the end of this year, and 21 markets by the end of 2021.

https://reinewswire.com/florida-market-penetrated-by-knock-home-swap-solution/

Home Swap is offered exclusively through local real estate professionals who have been trained as Knock Certified Agents. In these markets Home Swap will be offered through Keller Williams Realty of Central Florida, Keller Williams LeHeup Group and Keller Williams Suburban Tampa – The Chadwick Gro...

📣 OJO Labs announced its first foray into fintech on Thursday with its acquisition of Digs, a personal finance platform....
10/15/2020
Digs' personal finance platform was acquired by OJO labs

📣 OJO Labs announced its first foray into fintech on Thursday with its acquisition of Digs, a personal finance platform. Digs is an FDIC-insured platform that helps consumers set and track savings goals, learn about the buying process, and understand credit.

https://reinewswire.com/digs-personal-finance-platform-was-acquired-by-ojo-labs/

OJO Labs announced its first foray into fintech on Thursday with its acquisition of Digs, a personal finance platform. Digs is an FDIC-insured platform that helps consumers set and track savings goals, learn about the buying process, and understand credit.

📣  As more people are working from home, Jenkins said that more people are retreating to bigger and more relaxed lifesty...
10/14/2020
Find out the latest housing news across U.S. communities

📣 As more people are working from home, Jenkins said that more people are retreating to bigger and more relaxed lifestyles, which is what Jackson Hole has to offer. This also leads to more bidding wars.

https://reinewswire.com/find-out-the-latest-housing-news-across-u-s-communities/

As more people are working from home, Jenkins said that more people are retreating to bigger and more relaxed lifestyles, which is what Jackson Hole has to offer. This also leads to more bidding wars.

📣 The partnership will become available to select Aires clients and transferees beginning this month and will be introdu...
10/13/2020
Offerpad streamlining relocation process with Aires

📣 The partnership will become available to select Aires clients and transferees beginning this month and will be introduced to additional clients throughout the rest of the year.

https://reinewswire.com/offerpad-streamlining-relocation-process-with-aires/

On Monday Offerpad announced its partnership with global and domestic relocation solutions and mobility program management organization Aires, providing “multiple real estate solutions to consumers relocating for business.”

📣 Redfin’s iBuying service RedfinNow has expanded into another new market since it resumed after pausing because of COVI...
10/09/2020
Redfin iBuying expands in Sacramento, California

📣 Redfin’s iBuying service RedfinNow has expanded into another new market since it resumed after pausing because of COVID-19. As of Friday October 9th, Sacramento, California homeowners can sell their homes and get a cash offer via RedfinNow.

https://reinewswire.com/redfin-ibuying-expands-in-sacramento-california/

Redfin’s iBuying service RedfinNow has expanded into another new market since it resumed after pausing because of COVID-19. As of Friday October 9th, Sacramento, California homeowners can sell their homes and get a cash offer via RedfinNow.

📣 The demand for newly-built rental homes is being fueled in part by the wave of millennials who are finally forming fam...
10/07/2020
A developing business for next wave of “Built-For-Rent” housing

📣 The demand for newly-built rental homes is being fueled in part by the wave of millennials who are finally forming families.

https://reinewswire.com/a-developing-business-for-next-wave-of-built-for-rent-housing/

The demand for newly-built rental homes is being fueled in part by the wave of millennials who are finally forming families. Many of them are having kids now, which is driving them to want to have a home in the suburbs, with a yard, other kids in the neighborhood, parks nearby, and good schools.

📣 Opendoor has officially filed its announcement to go public after announcing its merger with Social Capital Hedosophia...
10/06/2020
On going federal investigation revealed by opendoor

📣 Opendoor has officially filed its announcement to go public after announcing its merger with Social Capital Hedosophia Holdings Corp. II in September. But the filing also revealed that Opendoor is under investigation by the Federal Trade Commission over its advertising practices.

https://reinewswire.com/on-going-federal-investigation-revealed-by-opendoor/

Opendoor has officially filed its announcement to go public after announcing its merger with Social Capital Hedosophia Holdings Corp. II in September. But the filing also revealed that Opendoor is under investigation by the Federal Trade Commission over its advertising practices.

📣 Now more than ever, it is crucial for landlords to support their retailers by having direct conversations with tenants...
10/05/2020
Find out how landlords can help tenants attract customers

📣 Now more than ever, it is crucial for landlords to support their retailers by having direct conversations with tenants about their current challenges as well as their strategies and solutions for keeping customers safe.
https://reinewswire.com/find-out-how-landlords-can-help-tenants-attract-customers/

Now more than ever, it is crucial for landlords to support their retailers by having direct conversations with tenants about their current challenges as well as their strategies and solutions for keeping customers safe.

📣 D.C.-based brokerage, announced last week the launch of its custom real estate listing system, PROJETO. This system us...
09/30/2020
Using VR to get consumers inside houses that haven’t been built yet

📣 D.C.-based brokerage, announced last week the launch of its custom real estate listing system, PROJETO. This system uses virtual reality technology which allows clients to be put in a virtual representation of a property that hasn’t been built yet.

https://reinewswire.com/using-vr-to-get-consumers-inside-houses-that-havent-been-built-yet/

D.C.-based brokerage, announced last week the launch of its custom real estate listing system, PROJETO. This system uses virtual reality technology which allows clients to be put in a virtual representation of a property that hasn’t been built yet.

📣 The recent new home sales data is at levels last seen in 2006, with monthly supply data back down to the low levels wh...
09/28/2020
Sales for new home are hot but not bubbly

📣 The recent new home sales data is at levels last seen in 2006, with monthly supply data back down to the low levels when new home sales data was really good.

https://reinewswire.com/sales-for-new-home-are-hot-but-not-bubbly/

Compare today’s housing market with that in 2018, when mortgage rates were heading toward 5% and monthly supply went above 6.5 months. The monthly supply of new homes was mostly higher every month in the previous expansion (2008-2019) than any period from 1996-2005.

📣 RE/MAX Holdings has acquired fintech company the Gadberry Group, its second fintech acquisition this month. No financi...
09/25/2020
Location intelligence data company RE/MAX acquisition

📣 RE/MAX Holdings has acquired fintech company the Gadberry Group, its second fintech acquisition this month. No financial details were disclosed in Monday’s announcement, but according to RE/MAX the acquisition was comprised of cash and stock.

https://reinewswire.com/location-intelligence-data-company-re-max-acquisition/

RE/MAX Holdings has acquired fintech company the Gadberry Group, its second fintech acquisition this month. No financial details were disclosed in Monday’s announcement, but according to RE/MAX the acquisition was comprised of cash and stock.

📣 The Fed will likely keep short rates low, but mortgage rates and some longer-term Treasuries likely won’t enjoy the sa...
09/23/2020
Find out why 2021 mortgage rates will rise

📣 The Fed will likely keep short rates low, but mortgage rates and some longer-term Treasuries likely won’t enjoy the same ride.

Here are the reasons why upward pressure on mortgage rates could stall the refinance wave and cut overall national originations volume in 2021.

https://reinewswire.com/find-out-why-2021-mortgage-rates-will-rise/

The Fed will likely keep short rates low, but mortgage rates and some longer-term Treasuries likely won’t enjoy the same ride.Here are the reasons why upward pressure on mortgage rates could stall the refinance wave and cut overall national originations volume in 2021.

📣 Combined sales of single-family houses, townhomes, condominiums and cooperatively owned apartments rose 2.4% from July...
09/22/2020
14-year high increase in existing homes sales

📣 Combined sales of single-family houses, townhomes, condominiums and cooperatively owned apartments rose 2.4% from July, according to the report.

https://reinewswire.com/14-year-high-increase-in-existing-homes-sales/

Combined sales of single-family houses, townhomes, condominiums and cooperatively owned apartments rose 2.4% from July, according to the report. Compared to a year ago, prior to the COVID-19 pandemic, last month’s sales were 11% higher, NAR said.

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