Tag Archives: HOUSING

Housing demand is starting to cool off, due largely to low inventory and rising prices. The Oakland, California, market was hit particularly hard in terms of demand for March. Demand hit a record high in January.

Roostify has hired Frank Gelbart as the organization’s new Chief Revenue Officer. Under his new position, Gelbart will be in charge of managing partner relationships and driving both new and existing streams of revenue. Gelbart previously founded and served as President and CEO at Appfluent Technology, a business intelligence firm eventually acquired by Attunity.

Thanks to its implementation of DocMagic’s Total eClose platform, Texas Capital Bank has successfully completed and funded it very first eClosing. Now one of the largest warehouse lenders to accept and fund eNotes, Texas Capital has made its first step toward digitization. The bank was praised by DocMagic CEO Dominic Iannitti.

A new report by Redfin shows a sizeable number of people in expensive coastal cities want to move to more affordable cities. And while California is losing more people than any other state, Florida seems to be gaining in domestic expats. Meanwhile, buyers in Chicago don’t seem eager to leave the city.

HouseCanary has partnered with RE/MAX to provide its agents with powerful pricing insights. As a part of the partnership, RE/MAX agents can now access HouseCanary Value Reports through the organization’s Approved Suppliers portal. The reports offers accurate home valuations and three-year pricing forecasts.

Existing home sales in March took off at a pace not seen in a decade. But while that sounds like good news, not everyone thinks March’s uptick is a sign of great growth. The rub: Inventory is still low.

Orange County, California-based LRES has named Mark R. Johnson as Chief Strategy Officer. LRES provides residential and commercial mortgage services including valuations, REO asset management, and HOA and technology solutions.

A new report found that immigrant homebuyers played a big role in helping the housing industry bounce back from the Great Recession—particularly in larger markets. Immigrants are also likely to influence housing trends in the coming years, as their interest in homeownership increases the longer they live in the U.S. According to the report, the suburbs can expect the most growth.

With nearly $5 trillion available to borrowers, the equity economy is at an 11-year high, according to a new report by Black Knight. Fewer borrowers are underwater on the heels of a strengthening appreciation market, and refis are nearly half of all new loans. More than two-thirds of tappable equity is in the hands of borrowers with low-rate mortgages.

With real house prices on the rise and inventory low, spring is poised to be a seller’s market, according to First American. Real home prices rose more than 8 percent over the year, with Jacksonville, Florida, seeing the most growth annually. According to First American Chief Economist Mark Fleming, “on a year-over-year basis, real house prices increase in all the metropolitan areas tracked . . .”