California lawmakers have spent years passing bills aimed at increasing housing supply, with an emphasis on building more homes near transit. A new analysis from Enterprise Community Partners finds that transit agencies across the state own thousands of parcels that could, in theory, be used for housing – a potential lever as the state tries […]
California transit agency land could support 240,000 homes Read More »
Offerpad is welcoming two new team members to the company: SCOUT and HENRY. The new hires, which were announced Wednesday, are two internally developed artificial intelligence platforms. Together, Offerpad says these platforms create an “intelligent operating architecture” that covers the full home transaction process. The company said the platforms will help enhance customer engagement, improve
Offerpad targets 1,000 quarterly transactions with AI platforms SCOUT, HENRY Read More »
Most professions get credit for what people can see them do. A surgeon’s skill is visible in the outcome. The engineer’s work shows up in the bridge that holds. In real estate, the closing table tends to get all the attention, from the signatures and the handshakes to the transfer of keys. What doesn’t get
The industry’s quiet first line of defense Read More »
Older Americans now hold as much real estate wealth as middle-aged homeowners, illustrating the widening gaps in homeownership access and long-term home price gains. An analysis from Redfin, based on data from the Federal Reserve Board, found that Americans ages 70 and older controlled roughly 26% of the nation’s $48 trillion in real estate wealth
Older Americans maintain record share of housing wealth Read More »
Dozens of innovative companies have sprung up over the past 15 years, each vowing to revolutionize home building. Many haven’t, don’t, and won’t make it through the “early-stage” gauntlet of A, B, and C series capital raises, where they can pay off their debt, cover their bills and sustainably generate net earnings from their operations.
How FrameTec plans to cut build-cycle times and reduce waste Read More »
Finance of America (FOA) has expanded access to its HomeSafe Second product into Indiana, Ohio and Michigan, giving senior homeowners more options for tapping record levels of home equity without giving up their low post-pandemic mortgage rates, the company announced Tuesday. Reintroduced in 2023 as what the company called the industry’s first second-lien reverse mortgage,
Finance of America expands HomeSafe Second reverse mortgage to three more states Read More »
Beginning in early June, real estate professionals in Washington state must publicly market their residential real estate listings to all consumers, unless the seller can show doing so would negatively impact their health or safety. This requirement comes after Washington Governor Bob Furgeson signed a bill into law on Monday banning exclusive marketing to select
Washington law limits private listing networks for homes Read More »
Top banks in the mortgage space, which have relied on a similar playbook for years, say they could become more active if upcoming changes to capital rules provide more flexibility, several industry executives told HousingWire. But any shift in strategy is expected to take time. Depositories typically focus on their existing customer base, ranging from
Banks eye mortgage growth if Basel III capital rules ease Read More »
“Just when I think things are falling in place, another wild card arrives,” Mortgage Bankers Association (MBA) president and CEO Bob Broeksmit said Tuesday morning at ICE Experience’s X26 annual mortgage conference. In a conversation with ICE Mortgage Technology President Bob Hart that spanned recent executive orders, mergers and acquisitions, and artificial intelligence, Broeksmit admitted
MBA’s Broeksmit on Trump orders, AI and mortgage affordability Read More »
Military families and veterans don’t buy homes the way most civilians do. They move on short notice and often finalize purchases from hundreds or thousands of miles away. When you add a VA home loan into the mix, some lenders and agents assume the transaction is headed for trouble before it even starts. That assumption
VA loans are not slow, agents who prep early close faster Read More »