Tue.Sep 14, 2021

Pacaso’s plans to “democratize” second-home ownership

Housing Wire

Real estate startup Pacaso announced Tuesday that it has raised $125 million in its recent Series C funding round, giving it a $1.5 billion valuation. This announcement comes less than six months after the company raised $75 million , bringing its total amount of capital raised to $215 million.

The Truth About Today’s Buyer Demand

Keeping Current Matters

When it comes to the latest news in real estate , there are a lot of sensational headlines in the media. In times like this, when it can be hard to know what to believe, put your trust in the experts.

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Covius to acquire Nationwide Title Clearing

Housing Wire

Nationwide Title Clearing , one of the country’s largest mortgage document prep companies , is to be acquired by settlement services firm Covius Holdings. Terms of the deal, which is expected to close in the fourth quarter of 2021, were not disclosed.

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CPI Growth Slows in August

Eyes on Housing

In August, consumer prices increased at its slowest pace since February 2021. Prices for several travel-related categories declined in August, as the delta variant spreads. The Bureau of Labor Statistics (BLS) reported that the Consumer Price Index (CPI) rose by 0.3%

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Millennials are Determined and Prices are Soaring: The Step-by-Step Formula for Closing More Sales to Millennial Buyers Fast!

Speaker: Paul Moya - CEO, Millennial Labs, and The Go-To Performance Marketing Strategist and Realtor Coach for the Best in the World

Join Paul Moya, CEO of Millennial Labs and the Go-To Performance Marketing Strategist and Realtor Coach for the Best in the World, as he shares insights and information about the importance of understanding a buyer and how their needs change with each generation.

Is Mike Calhoun still in the running for FHFA director?

Housing Wire

Mike Calhoun is president of the Center for Responsible Lending. This week the Biden administration announced several high-level nominations, including Alanna McCargo to lead Ginnie Mae.

More Trending

Black Knight looks to court brokers with new LOS

Housing Wire

Black Knight is looking to hook mortgage brokers with a new loan origination system designed specifically for them.

What not to do before buying a house: 7 Mistakes to avoid

The Mortgage Report

Here are 7 things you should never do before buying a house. Follow these best practices to give yourself the best shot at mortgage approval and a low rate. Buying a home First-Time Home Buyers

Compass acquires another title company

Housing Wire

Real estate brokerage Compass announced Monday that is has signed an agreement to acquire Dallas-based title insurance company LegacyTexas Title Co. , its latest foray into the title and escrow space. Financial terms of the deal – which should boost the brokerage’s margins – were not disclosed.

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Real estate disruptors get serious about mortgage — and vice versa: Mike DelPrete

Inman

Real estate tech disruptors are investing billions to build integrated brokerage and mortgage experiences. Some have more resources than others, but all have the same scaling bottlenecks. And in the end, the biggest disruptors — and who is most at risk — might come as a surprise.

Reimagining How Construction Companies Capture Progress Tracking

Speaker: Felipe Engineer-Manriquez, Christopher Gagliardi, George Hedley, and Jason Nichols

Join our esteemed panelists for their discussion on the importance of progress tracking which ultimately touches upon every digital aspect within the construction cycle. Our thought-leaders' years of experience on the job sites can help you build a better future at your company.

CoreLogic’s chief appraiser to speak at HW Annual

Housing Wire

Big changes are ahead in the valuation space, most recently seen with the FHFA asking for input on appraisal modernization efforts. Will hybrid appraisals become the new norm? Are the GSEs going to expand the use of appraisal waivers?

Freshening up a listing? 14 ways to boost a home’s buyer appeal

Inman

Details matter, especially when you consider just how much buyers are shelling out for their dream home. Here are some must-do changes, fixes and upgrades sellers should spend some time addressing before putting their home on the market.

Alt equity firm Point says it won’t abandon reverse mortgage space

Housing Wire

Point, a shared equity reverse mortgage firm that gives homeowners the ability to sell a small fraction of their equity, recently announced that it has raised over $1 billion in new capital commitments from real estate and mortgage-backed securities (MBS) investors. These companies include Atalaya Capital Management (which made a prior investment in 2018), Kingsbridge Wealth Management, Palisades Group, and Redwood Trust.

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Black Knight expanding services it provides to growing mortgage broker segment

Inman

Cloud-based loan origination system, LoanCatcher, touted as providing the same level of technology employed by nation's largest lenders. Banking & Lending Industry News Mortgage Technology black knight LoanCatcher Rich Gagliano Surefire CRM Top of Mind Networks

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What Is a Property Survey & How to Get One

Point2Homes

Image: Francesco Scatena / Shutterstock.com. Buying a home is often more complicated than you expect. Even if you’re not a first-time homebuyer, it may involve more than you remember, especially if it’s been a while since you last purchased.

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2 Midwest Century 21 brokerages combine forces

Inman

Century 21 Scheetz is acquiring Century 21 Rasmussen Co. Both brokerages operate in Indiana. Brokerage Industry News News Brief Select acquisitions Carmel century 21 Century 21 Rasmussen Century 21 Scheetz indiana indianapolis Larry Rasmussen Michael Miedler realogy teams Tracy Hutton

Touring an Open House? Here are 8 Things to Look For

RIS Media

When you’re searching for your dream house, you’ll likely spend a good chunk of time touring open houses—and while you may have a list of ‘must-haves’ or ‘no-no’s’ in mind, it’s easy to be distracted by color and/or other cosmetic touches that keep you from noticing more critical factors.

Click, click, sign: How to avoid digital signature pitfalls

Inman

In fast-paced markets, digital signatures definitely have their perks — but they also raise a few concerns and questions. For example, are your clients actually reading the documents before signing them? Are they secure? Here's what you should know.

Groundworks Expert Gives Home Foundation Advice

Realty Biz

For most people, a house is the most expensive investment they will ever make. Obviously, as with every investment, there are always hurdles to negotiate before final decisions are made. And some hurdles can seem unsurmountable, real deal breakers. Take structural problems, for instance.

Bidding wars reach lowest level since August 2020: Redfin

Inman

Thanks to the reemergence of seasonal market patterns, bidding wars have slowed to their lowest level in over a year. Markets & Economy Select bidding wars home price growth homebuyers homesellers Redfin seller's market

Is Remote Work Driving Shifts in Moving Patterns?

RIS Media

What happens when a large segment of the workforce goes virtual for over a year and half? Employee preferences change, and perhaps for the long term.

Foreclosure rate falls to 22-year low with every US state tallying declines

Inman

The foreclosures rate fell to 0.2 percent in June 2021 from 0.3 percent the previous year, according to data released Tuesday from CoreLogic.

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Pacaso Strikes A Nerve

BubbleInfo

They will get some flak in the tony areas but it’s a great way to make 12% commissions on expensive luxury properties ($2,000,000+ minimum) plus management fees. An excerpt: Pacaso announced today that annualized revenue run rate has hit $330 million.

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Pulse: What’s the worst marketing advice you’ve ever received?

Inman

Ever been steered in the wrong direction? This week, we're encouraging you to share the most useless, misguided and downright terrible marketing tips you've ever received.

Easy-Care Houseplants You’ll Find Tough to Kill

RIS Media

A bit of healthy greenery is a cheery accent for almost any home. But the keyword is healthy, because there are few things sadder than a dead, bedraggled houseplant.

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Prices for home construction materials dip for first time in 2021

Inman

Builders got a break in August from the price increases of previous months, but the unpredictable swings in costs remained unwelcome. Markets & Economy Select bureau of labor statistics drywall home builders home construction home prices lumber lumber prices national association of home builder

Just Closed: Adorable Cottage Cluster Home Near Mt. Tabor Park!

The Living Room

Congratulations are in order for Kathryn and her family for the purchase of her new, beautiful townhome! This property is one of several townhomes in a “cottage cluster” style neighborhood: Cottage clusters are typically made of several detached properties arranged around a central space.

Pacaso raises $125M with Softbank-led Series C round

Inman

The company's model allows multiple parties to co-own luxury second-homes in locations such as Lake Tahoe, Aspen, Napa and Malibu. It operates in 25 markets to date. Luxury Luxury Lens News Brief Property Portfolio Select Technology austin allison Craig.

Why Do People Choose a Real Estate Appraisal Career?

McKissock

There are an estimated 75,100 licensed appraisers in the U.S., according to the U.S. Bureau of Labor Statistics, and they come from many different backgrounds.

Opendoor surpasses 42-market expansion goal 4 months early

Inman

With the rollout of services in Washington, D.C., Cleveland and Columbus, Opendoor has officially surpassed its expansion goal set in March. Select Technology Andrew Low Ah Kee eric wu ibuyer market expansion opendoor

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