Thursday, 29 October, 2020

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Author: Real Estate News


In early 2020, the U.S. economy tanked as the COVID-19 spread. The mortgage industry has focused heavily on the impact the pandemic is having on homeowners and the residential mortgage market. But the coronavirus has also affected the commercial mortgage industry via drastically reduced income from residential commercial property, restaurants, and retail businesses. For owners of multi-family properties, record numbers Read more…


The COVID-19 pandemic is changing the way apartment seekers are finding their new homes. In a time of social distancing, changes to the leasing process are inevitable to improve safety, convenience, and efficiency. Early adopters are using self-touring technology to help prospects get into new apartment units while also optimizing the leasing process. One report found that 88% of millennials Read more…


Many homeowners looking to move in the next year may upsize to get more space for a home office, according to a new study. Forty-seven percent of Americans are currently working from home, according to a new survey by LendingTree. With more homeowners looking for home-office space, demand for larger homes is also on the rise; of those looking to Read more…


When it comes time for historians to sift through the wreckage that was 2020, it’s safe to assume they won’t be walking away with too long a list of advancements. It’s been a rough one. Racial tensions reached a breaking point after centuries of denial on the part of large swaths of white America. The ongoing COVID-19 catastrophe has turned Read more…


Jeremy was a fascinating interview. I’d go so far to say the most articulate on this given topic: appraisal regulations. Who would expect such an animated interview on the driest of topics? His 2020 book, “Dispatches from the Cosmic Cobra Breeding Farm,” has sounded a clarion call – a throw down if you will. He exhorts appraisers to become activists. Read more…


Jeremy was a fascinating interview. I’d go so far to say the most articulate on this given topic: appraisal regulations. Who would expect such an animated interview on the driest of topics? His 2020 book, “Dispatches from the Cosmic Cobra Breeding Farm,” has sounded a clarion call – a throw down if you will. He exhorts appraisers to become activists. Read more…


Online real estate marketing platform, Hubzu, today announced it launched a new mobile app that will give residential real estate buyers on-the-go access to the power and functionality of the Hubzu platform, the company said. With this new app, Hubzu now provides even more tools for buyers to find, research, and bid on homes in … The post Hubzu Launches Read more…


With the COVID-19 housing boom raging on, news about lenders posting record origination volumes in 2020 has become almost blasé. 2021, which will likely either see either a new administration steering the ship or the continuation of the country’s humiliating coronavirus catastrophe, could be a different story. VA lender NewDay USA, however, is expecting 2021 to be another colossal year. Read more…


The suburbs are having a moment as Americans are beginning to work more from home due to COVID-19 and it becomes less necessary for workers to live in downtown areas. But there are some other new migration patterns that have come about since the pandemic began making headlines in January. Bankrate.com analyzed data from the … The post How Have Read more…


The pandemic has completely changed the way many people across the country are able to work and working from home is quickly becoming mainstream.  According to a survey from LendingTree, 47% of those who responded to the survey claim they are now working remotely. The top three spaces for working from home were dedicated office … The post How Americans Read more…


At this point in the COVID-19 pandemic, the outsized appeal of industrial real estate has essentially become common sense. But online retail isn’t the only driver of industrial demand. The country’s ongoing coronavirus debacle has led to a rise in biotech investment from venture capital firms, and the ability to grow has triggered in many biotech firms a need for Read more…


Grocery stores have been known to have a positive impact on the value of surrounding real estate, especially in multifamily properties. Apartments in the Washington metro area within a half-mile to a mile radius of a new grocery store had effective rents that were 5.1% higher than the submarket average at the time of the store opening, according to a Read more…


QuestSoft’s Lending Compliance & Risk Management Virtual Conference will feature representatives from the CFPB, Freddie Mac, the Office of the Comptroller of the Currency, and more. Here’s what else is happening in The Week Ahead. The post The Week Ahead: Lending Compliance & Risk Management appeared first on theMReport.com.


A top Democrat is demanding that the Consumer Financial Protection Bureau halt a planned reorganization of its Division of Supervision, Enforcement, and Fair Lending (SEFL) until after the presidential election. Sen. Sherrod Brown (D-Ohio), ranking member of the House Financial Services Committee, said in a letter to CFPB Director Kathleen Kraninger that the planned reorganization – which would strip the Read more…


Yesterday, the National Association of Realtors released its existing-homes sales report for September 2020. The unforeseen housing boom that has unfolded during the COVID-19 pandemic appears to have plenty of gas left in the tank. NAR reported that existing-home sales grew 9.4 percent compared to August and 20.9 percent versus September 2019. It was the fourth consecutive month of growth. Read more…