Sellers as clueless as buyers when it comes to transaction process

According to a survey of 1,000 homeowners commissioned by SOLD.com, approximately half of owners aren’t aware of the home selling options other than hiring a traditional agent or representing themselves as a for-sale-by owner. Continue reading

Modus wants to make earnest deposits as easy as Venmo-ing

Modus hopes to bring that same ease of use to the process of paying earnest money. In an email, Modus co-founder and chief operating officer Jai Sim told Inman that users can connect Digital Earnest Money Deposit to their bank accounts, though it is no… Continue reading

Feds release long-awaited opportunity zone regulations

The federal government released regulations Wednesday meant to stimulate investment in businesses and real estate projects in financially distressed areas. Continue reading

Real estate has no clear strategy for addressing climate change risks

Climate change poses a significant threat to the real estate industry, which has been slow to adopt standards to deal with the rising threat, according to a study published this week by the Urban Land Institute, a nonprofit education and research insti… Continue reading

Zillow will lend consumers money to buy homes

In a statement, Zillow framed the new program as a way to beef up its online homebuying and re-selling program Zillow Offers (in which the company makes all-cash offers on homes to homeowners and prospective sellers) Continue reading

Fannie Mae appoints Hugh Frater as permanent CEO

Fannie Mae has appointed Hugh Frater as its permanent chief executive officer following a six-month search to replace former CEO Timothy Mayoupolos, who stepped down in October. Continue reading

PeerStreet expands loan product line for private investors

The loans, which will vary from $75,000 to $1.5 million and come with an interest rate from 6.5 to 10 percent, are aimed at lenders hoping to reach borrowers in search of investment properties. Continue reading

Here’s what NAR wants in the next versions of Fannie and Freddie

NAR also said on Friday that any changes should maintain a host of features such as 30-year fixed-rate mortgages, affordable credit and reliable access to housing for both renters and homeowners. Continue reading