Real Estate Tech News


Home Prices Have Reached Record Highs—Despite the Housing Slowdown

Home Prices Have Reached Record Highs—Despite the Housing Slowdown

The housing slowdown that has given hope to price-squeezed buyers, struck fear into the hearts of sellers, and captivated real estate aficionados from coast to coast appears to have taken a break. Home list prices aren't coming down, it seems—instead they reached a new all-time high as the busy spring market begins.Median list prices crossed the $300,000 mark for the first time in March, according to a recent realtor.com® report. And while annual price growth had been slowing and is even down in a few parts of the country, nationally list prices shot up 7.2% year over year in March.
Zillow Group launches Home Loans business, tweaks website as pivot to home sales continues

Zillow Group launches Home Loans business, tweaks website as pivot to home sales continues

Zillow Group today launched a Home Loans division, establishing another pillar of the company’s new identity of directly buying and selling homes.Zillow has been quietly originating mortgages for a few months, following the acquisition of Mortgage Lenders of America last year, but the company plans to double down with the Home Loans division. The new rebranded mortgage division will complement Zillow Offers, the company’s direct home sales operation, with a goal of streamlining and simplifying the process of buying a house. Zillow Home Loans is also a standalone business, so a customer doesn’t need to use Zillow Offers to get financing.
Wells Fargo CEO Tim Sloan is retiring, and shares jump

Wells Fargo CEO Tim Sloan is retiring, and shares jump

The embattled CEO of Wells Fargo is stepping down.Tim Sloan, who took over as chief executive of the bank in October 2016, is resigning as CEO immediately, the bank said Thursday in a release. The bank's general counsel, Allen Parker, will take over as interim CEO, and the bank is searching externally for a permanent successor.Sloan, the three-decade Wells Fargo veteran who was supposed to clean up the mess that had claimed his predecessor, had struggled to satisfy regulators' demands to overhaul the sprawling institution.
Lennar Misses Q1 Earnings Forecast but Sees 'Favorable' Housing Market Near Term

Lennar Misses Q1 Earnings Forecast but Sees 'Favorable' Housing Market Near Term

Lennar Corp. (LEN - Get Report) posted modestly weaker-than-expected first quarter earnings Wednesday as slow housing starts hit the second-largest U.S. homebuilder's bottom line even as mortgage rates eased.Lennar said earnings for the three months ended in February, the company's fiscal first quarter, came in at 74 cents a share, up 39.6% from the same period last year but 1 cent shy of the Street consensus forecast. Group revenues, Lennar said, rose 31% to $3.9 billion but fell shy of analysts' forecasts of $4.11 billion.
Offerpad closes Series C financing, bringing total capital raised to $975M

Offerpad closes Series C financing, bringing total capital raised to $975M

Offerpad, the Arizona-based real estate and technology innovator, announces the close of its successful Series C financing. The new equity funding, along with previously undisclosed debt capital from Citi late last year, brings the company’s combined equity and debt capital raised to nearly $1 billion since its start just three and a half years ago. Offerpad’s Series C was led by a new investor.Offerpad also secured funding in Q3 2018 from Citi (NYSE: C) in the form of a significant warehouse facility, the real estate tech company’s third in its nearly four-year history.
HomeStreet Bank finds a buyer for its retail loan centers: Homebridge

HomeStreet Bank finds a buyer for its retail loan centers: Homebridge

Earlier this month, HomeStreet, a community bank and mortgage lender that operates bank branches and standalone home loan centers, announced that it planned to sell off much of its entire retail mortgage operation, which includes 72 home loan centers in five states, and as nearly all of the mortgage servicing rights associated with loans originated in those retail outlets.
Zillow, Attn: debut docu-series spotlighting America's Denver real estate housing crises

Zillow, Attn: debut docu-series spotlighting America's Denver real estate housing crises

Dive Brief:Online Denver real estate marketplace Zillow teamed with media company Attn: on "Finding Home in America," an original docu-series covering housing issues, according to news shared with Marketing Dive.The six-part effort is hosted by Carri Twigg, who worked in the Obama administration, and incorporates footage, interviews and original animation. Each episode examines a specific housing challenge through the perspective of real people and will be available for streaming on Facebook Watch, with shorter versions on Instagram
Reykjavik Is Being Swamped by Empty Luxury Flats

Reykjavik Is Being Swamped by Empty Luxury Flats

The spacious entrance to Hildigunnur Haraldsdottir’s building in downtown Reykjavik is paved with marble from Prague and decorated with stained glass artwork by a famous local artist. The architect’s apartment on the 5th floor is fitted with floor heating, AEG appliances and balconies with stunning views of the city’s harbor and historic center.
Denver real estate new-home sales soar 17% in November, hit an 8-month high

Denver real estate new-home sales soar 17% in November, hit an 8-month high

The numbers: Denver real estate New-home sales ran at a seasonally adjusted annual 657,000 rate in November, the Commerce Department said Thursday. That was 17% higher than October’s sales pace and marked an 8-month high.That trounced the MarketWatch forecast of a 563,000 selling rate.What happened: The government’s November report on denver homes for sales of newly-constructed homes was delayed by the partial government shutdown. And as a reminder, new-home sales data are compiled based on small sample sizes, making them prone to hefty revisions. November’s data came with a reported margin of error of 20%.
How to Find the Best House for You-Get the Best from Denver Real Estate

How to Find the Best House for You-Get the Best from Denver Real Estate

It’s not that easy to find the best house, and it depends upon your choice firstly. And then there are many factors to consider as well. Considering all the factors, and the number of such you might find house hunting not that easy. However, if you first find out the type of house you want to buy, your half of the home work will be complete. However, you will then have to search for the property. And for that you need to consult the real estate Agent. You might like to buy an apartment, or you might find the condos more apt for you. A Real Estate agent can find all for you. Also when you deal on your own, you might end up paying more prices. However, a Real Estate agent can help you find the best house and at the best price. If you are in Denver then you can get the best Denver Real Estate deals from the real estate agent. And that is going to be the best for you definitely.


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