Quicken to allow VRBO short-term rental income for mortgage qualification

Quicken Loans and vacation rental company Vrbo are partnering to allow prospective buyers to use rental income on primary or secondary homes to qualify for a mortgage.  Continue reading

Zillow Offers launches in Dallas

Zillow on Monday will begin buying and selling homes in Dallas through its iBuyer platform Zillow Offers. Its second market in Texas after Houston and the ninth market overall for Zillow Offers.  Continue reading

Hispanic homeowners made up more than a third of all new households over the last decade

Hispanic Americans accounted for more than a third of all household formation over the last decade, and were the first minority demographic to make homeownership gains after the recession, according to a new report. Continue reading

General Electric will pay $1.5 billion over subprime lending

General Electric has agreed to pay $1.5 billion to the U.S. Justice Department over allegations that one of its subsidiary businesses made misrepresentations related to subprime lending. Continue reading

Low mortgage rates are leading to more affordability: NAR

The National Association of Realtors affordability index ticked up in February, meaning the typical family had more estimated income to afford a home at the national median price. Continue reading

The Real Word: Will Zestimates become live offers?

Watch Byron Lazine and Nicole White give a real estate agent’s perspective on industry-related topics. This week, Zestimates. The AVM (automated valuation model) put Zillow on the map. If Zestimates become live offers, how will agents fare?  Continue reading

Insurance startup Lemonade raises $300M funding round

Lemonade, a tech-centric insurance startup that uses artificial intelligence, announced Thursday it had raised $300 million in a new round of funding. Continue reading