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The U.S. Department of Housing and Urban Development (HUD) on Friday published a proposal that would require public housing agencies (PHA) to provide 30 days’ notice before filing an eviction notice in court for nonpayment of rent. PHAs with tenants in public housing and owners of properties participating in HUD multifamily project-based rental assistance programs would need to provide “written notification at least 30 days” before a court filing for an eviction due to rent nonpayment.
Real Estate News has selected the top newsmakers in a year shaped by trials — of all kinds — and resilience in the face of epic challenges and opportunities.
Mortgage originators will pay more to access consumer credit reports in 2024, reigniting complaints from mortgage lenders and trade associations. In 2024, Fair Isaac Corp. (FICO), the company that retains the rights to the market’s adopted methodology to measure consumer credit risk, will charge one price – higher than the current price – to all mortgage lenders, independent of their volumes.
Finance teams find Trellis to be particularly effective in conducting comprehensive due diligence on both individuals and businesses. With our court data solution, financial experts can access critical litigation insights, making it an invaluable resource for informed decision-making in the financial sector.
The latest baseline increase in conforming loan limits has enabled loan originator Dave Krichmar’s client to make a 5% down payment instead of 10%. The self-employed homebuyer found an $800,000 home in Texas, but with the conforming loan limit for 2023 being $726,200, the buyer needed a jumbo loan or a bank statement loan. Those loan types would require a larger down payment of at least 10% of the home’s value, or $80,000, which would stretch his budget too thin. “With the latest Federal H
As the housing market continues to undergo a seismic shift, technology leaders like this year’s Tech Trendsetters stand as beacons, guiding the industry toward a future where innovation is not an option but an imperative for success. From cutting-edge fintech solutions to revolutionary proptech platforms, these leaders have demonstrated the ability to harness technology in addressing key challenges and unlocking new opportunities within the housing sector.
The company is the latest of several to step away from the National Association of Realtors, which has suffered both a scandal and legal defeats in recent months.
In the face of a copycat commission lawsuit , the Real Estate Board of New York has vowed to fight. In an email blast sent to REBNY members, the New York City real estate agent trade group said it would “vigorously defend the litigation.” Originally filed in early November, the commission lawsuit known as the March suit , after its lead plaintiff, takes aim at a REBNY Listing Service rule called the Buyer Broker Commission Rule, which states that the brokers “shall each be paid an equal share of
Construction projects are high-stakes operations where even minor inefficiencies can lead to costly delays, safety concerns, and budget overruns. Managing risk in construction has always been a challenge, but as projects grow in complexity, traditional methods no longer cut it. Enter Digital Transformation - a game changer approach that replaces inefficiency with AI-powered analytics, real-time monitoring, and automated workflows to proactively manage risk.
Ready to find the best online real estate schools in Texas? Completing the required 180 hours of prelicensing coursework is your first step to getting licensed. In this article, we’ll explore the best Texas real estate schools to equip you with the knowledge and skills necessary to thrive in this competitive industry — and pass the Texas real estate exam.
The real estate agent and interior design pro said he was making the move because of The Agency's boutique culture. He has closed more than $300 million in sales volume during his career.
NAHB analysis of Census Construction Spending data shows that private residential construction spending rose 1.2% in October, after a dip in September. It stood at a seasonally adjusted annual pace of $884 billion. Total private residential construction spending is 0.7% higher compared to a year ago. This was the first year-over-year increase since December 2022.
Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.
Pets can have a significant impact on home buying decisions for many people. According the U.S. Census Bureau, 2021 data shows that there are 63.8 million occupied housing units have at least one pet which represents almost 50% of the 128.5 million occupied housing units. A recent U.S. Bureau of Labor Statistics Consumer Expenditure Surveys examines the increase in household.
From backyard cottages to duplexes and more mixed-use buildings, a survey of over 5,000 people found them broadly supportive of widespread zoning changes
Pulling comps from the other side of the freeway By Ryan Lundquist Excerpts: It can be a REALLY bad idea to pull comps from the other side of the freeway, but not always. Today I have some thoughts about location, comp selection, and lenders freaking out when schools are mentioned in appraisal reports. I don’t normally pull comps across a highway In so many cases it’s an awful idea to cross a major road or highway to pull comps because a highway sometimes separates markets that are far different
Brad Inman has coined a real estate industry mantra for next Year: "Roar in 24." Find out what else he's thinking about and how you can move into the new year stronger and braver than ever before.
The marketing executive spent eight years at Vogue before transitioning into real estate and was instrumental in the founding of Compass' luxury division.
Does ill will have your holiday tinsel in a tangle? Grab some hot chocolate and realign your spirit with end-of-year insights to make this chilly season merry and bright.
For the 5th year in a row, Paul J. Cervone has officially qualified for the 2023 Lamacchia Realty President’s Club by surpassing $16,000,000 in sales volume this year! Paul is also a member of the 2019 , 2020 , 2021 , and 2022 President’s Club , and a member of the 2020 , 2021 , and 2022 President’s Club ELITE. Aside from President’s Club, Paul has a series of impressive accolades during his time with Lamacchia Realty.
Darryl Davis shares some of the hard-won lessons of the world's most successful and resilient businesses. Put them to work in your professional life to meet the current moment.
Understanding the current state of work culture could save stress and retention woes, writes Rachael Hite. Here are a few ideas on how brokers can make work more enjoyable in 2024.
The ebb and flow of the real estate market in the United States often dances to the rhythm of the seasons. While spring and summer are traditionally considered the peak home-buying seasons, the winter months present a unique set of opportunities. In exploring the seasonality of the housing market, let's unravel the nuances of winter real estate, shedding light on who stands to benefit the most during this chilly season.
Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra has made the rounds this week on Capitol Hill, providing testimony to Congress in their semi-annual reviews of the CFPB. On Thursday, Chopra took questions from members of the U.S. Senate Committee on Banking, Housing and Urban Affairs, including one on the controversial topic of mortgage trigger leads.
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