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Threat of climate change looms large for some home buyers

Housing Wire

25 and March 1, 628 said they would move due to natural disasters, extreme temperatures, and rising sea levels in their area, according to real estate brokerage Redfin, which conducted the survey. Helena [California] whose home burned down in the last fire and only half of it was covered by the insurance company.

Buyers 473
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Opinion: Agencies are key to fixing housing affordability

Housing Wire

In the 2017 tax bill, caps on state and local tax (SALT) deductions and a boost in the standard deduction eviscerated the mortgage interest deduction, ending its use for all but the wealthiest homebuyers. Congress is gridlocked, so enactment of these initiatives is highly unlikely.

Sellers 468
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Once at the fringes of housing finance, home equity investment companies look to grow their stake

Housing Wire

When Hometap launched in 2017, the Boston-based fintech offered an unorthodox answer to this question for homeowners looking for an alternative to a loan. The market, however, is expected to grow as HEI companies seek to partner with mortgage lenders and real estate brokerages. The annual investment volume in the U.S.

Finance 424
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Fannie Mae and NAR at odds over flood-risk disclosures

Housing Wire

housing entities are at odds over the future of the federal government’s cash-strapped flood insurance program. NAR, meanwhile, no longer wants to see states excluded from the federal government’s flood insurance program due to not meeting FEMA standards. billion, despite Congress having canceled $16 billion in debt in October 2017.

Insurance 371
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Inside Redfin’s unique, brave and vulnerable business model

Housing Wire

And in 2017, I decided to go on full-time as a lead agent.”. Redfin is a publicly traded company, a nationally recognized listings website and one of the biggest brokerages in the country. Way back in the drab plaid of the 1970s, brokerages often classified agents as employees and offered them health care and pension plans.

Business 366
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Joint ventures between title firms and real estate companies are under the microscope

Housing Wire

AI-generated image of two lawyers scrutinizing title insurance joint venture agreements. In 1983 Jim Campbell launched what is believed to be the first joint venture experiment between a real estate brokerage and a title and settlement firm. Image was created using MidJourney. But the joint venture model may soon be on the way out.

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Investing in Commercial Property for Sale in Columbus, Ohio? The Complete Beginner’s Guide!

The Robert Weiler Company

How the 2017 Tax Cuts and Jobs Act Affects You and Your Commercial Real Estate. Having a keen sense of these factors off the bat helps property or land buyers determine the predicted economic atmosphere within the coming years. For first time buyers, hiring a property manager is recommended. Tip #4: Avoid fundamental mistakes.

Investing 138