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Month: November 2016

More Office Building Owners are Converting their Properties to Warehouses

November 22, 2016 0

The rise of e-commerce is driving demand for warehouses and industrial space, prompting some owners of commercial office buildings to convert their properties to ones of an […]

Almost 1 Million New Homes Needed to Ease Housing Crunch in 10 Metro Areas

November 21, 2016 0

Realtor.com’s chief economist, Jonathan Smoke, explains that job growth has dramatically increased demand for housing in several metro areas, while supply has been stifled by […]

U.S. Hotel Occupancy Reaches 65.3%, Average Daily Rate is $122.70

November 21, 2016 0

Hotel News Resource is out with the hotel industry’s performance metrics for the week of November 6-12, 2016. In general, most metrics were higher than […]

Five Real Estate Trends Expected in 2017 – MarketWatch

November 20, 2016 0

MarketWatch published a list of 5 real estate trends expected to take shape in 2017. Use of Drones:  Increasingly, drones will be used by sellers […]

Wells Fargo to Pay $50 Million to Settle Claims of Appraisal Overcharges

November 20, 2016 0

Wells Fargo bank agreed to settle a class-action lawsuit, claiming that it routinely overcharged about 250,000 of its customers for real estate appraisals, reported the New […]

Nine Special Loan Programs for First-Time Home Buyers

November 19, 2016 0

Bank Rate released a list of 9 unique loan and grant programs for first-time home buyers: Low-Down Payment FHA Loans:  Operated by the Federal Housing […]

Best Places for First-Time Home Buyers

November 19, 2016 0

Smart Assets published a list of the best places in America for first-time home buyers. The site ranked every U.S. city with a population of […]

Housing Starts Jump to a 9-Year High in October, Growing 25.5%

November 18, 2016 0

The U.S. Commerce Department said monthly housing starts jumped 25.5% to 1.323 million units in October, a 9-year high. Most economists had forecasted a much […]

Higher Rates Cause a 9% Plunge in Mortgage Applications

November 18, 2016 0

Weekly mortgage applications dropped by 9.2% from the previous week, reported the Mortgage Bankers Association. The drop comes against a backdrop of mortgage rates, which […]

Airbnb Faces Tougher Restrictions in San Francisco

November 17, 2016 0

Airbnb is facing two setbacks to its business in its hometown of San Francisco, reported the Verge. On one hand, the city’s Board of Supervisors […]

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