News

MLS platform Remine just launched a mobile multiple listing service platform covering the 35 largest MLS markets in the nation. The app allows user to view new opportunities on the run, provides contact information on more than 300 million consumers and has a chat function for conversations between agents.
The Justice Department’s antitrust chief, Assistant Attorney General Makan Delrahim, said the department is going to significantly reduce the review time of proposed mergers, according to a report by Brent Kendall from the Wall Street Journal. According to data compiled by law firm Dechert LLP, the average duration of significant U.S. merger investigations has been about 10 months in recent years.
Have we reached a tipping point in the trend of massive real estate players beginning to buy homes directly from homeowners? It looks like that may be the case, as one of the nation’s biggest real estate brands is planning to launch its own direct buying business, and its siblings may not be far behind.
Plant Prefab, a sustainable construction company, recently announced it secured $6.7 million in funding from Obvious Ventures and Amazon\'s Alexa Fund. The funding will go towards building investments, fueling the company\'s growth and more.
Home prices annually increased once again, according to the latest Case-Shiller Home Price Index from S&P Dow Jones Indices and CoreLogic. S&P Dow Jones Indices Managing Director and Chairman of the Index Committee David Blitzer said rising homes prices are beginning to catch up with housing.
Home prices increased in July, inching forward 0.2% from June, according to the latest monthly House Price Index from the Federal Housing Finance Agency. According to the report, across the nine census divisions, the Mountain division once again saw the strongest appreciation growth.
Deephaven Mortgage is launching a non-qualified-mortgage point-of-sale/pre-qualification tool called IDENTI-FI AUS to simplify the origination and qualification processes for Non-QMs. Now is a good time to be an originator in the Non-QM as Non-QM lending has been enjoying a big uptick in popularity this year, more than doubling production this year, according to LoanScorecard’s statement.
The Federal Housing Finance Agency just debuted a new housing affordability metric that aims to build upon the data already provided by other similar metrics, and what the FHFA found on the metric’s maiden voyage isn’t pretty.
This year, the National Association of Home Builders’ Remodeling Market Index revealed that in the fourth quarter of 2017, the RMI reached 60 for the second time since 2001. Although the increasing demand for home renovation has carried over to 2018, recently imposed tariffs are expected to reduce home renovation affordability.
JPMorgan Chase is plotting an expansion of its business in the Philadelphia and Delaware Valley area, which includes Philadelphia, the state of Delaware and the southern part of New Jersey. Chase announced Monday that over the next five years, the bank will open up approximately 50 new branch locations and add 300 new employees in the Delaware Valley region.