Freddie Mac will finance loans for manufactured homes



Government-backed mortgage servicing organization Freddie Mac says it will begin financing loans for manufactured housing, in an attempt to make those homes more affordable to buyers. Freddie Mac said in a statement that the idea is to run a two year pilot program called CHOICEHome, which will provide financing in the form of a traditional […]

How All Real Estate Transactions Will Move Online in Three Years



Technology is disrupting many industries because of its ability to improve and expedite many of the antiquated processes that stall efficiency. Paper documents and physical files are being set aside to allow for collaborative documents and cloud storage services. Desk phones aren’t ringing anymore — but chat and messenger applications and email inboxes are constantly […]

4 Ways The Real Estate and Mortgage Will Transform by 2020



Today, searching for and buying a new home is much different than in times past. With a wealth of data at buyers’ fingertips, the entire buying process is changing. As a result, agents have to readjust their tactics to meet the growing needs of today’s buyer. It’s not just real estate agents who are being […]

Zillow says housing affordability concerns will grow in 2019



The housing market is slowing as 2018 comes to an end, but home shoppers looking for a more affordable buying environment in 2019 might be disappointed. Next year, Zillow expects mortgage rates to continue to rise, putting a pinch on affordability, particularly in already expensive markets. Some buyers may be pushed back toward the rental […]

New Condos For Sale in Barrie Canada



Barrie City is known for its conducive environment and availability of social amenities which make it a good spot for homeowners and property investors in Canada. The city has a vibrant economy which attracts scores of investors and those in search of employment opportunities thanks to the growing industrial sector. As such, there is a […]

NAR reaffirms its ‘pro-competition’ MLS policy



The National Association of Realtors said this week it will reaffirm its commitment to maintaining MLS rules regarding virtual office websites. The NAR’s VOW policy was first spelled out in 2008, and is designed to allow for competition and technological innovation in the real estate brokerage industry to thrive. The NAR’s consent decree had expired […]

Email Hackers Stealing Closing Funds



Your hard worked for and long dreamed of home can be gone with a few clicks of a mouse thanks to email hackers that have been stealing closing funds shortly before the deal is consummated. This has become known as the Closing-Cost Scam. Unfortunately, other than being on the lookout for it, there is little […]

4 Things to Know About the Biggest Home Buying Group



Millennials have grown up in front of our very eyes. Perhaps surprisingly, the generation born in the 1980s and 1990s has been the most active segment of home buyers compared to other generations for five straight years, according to a study from the National Association of Realtors. But some real estate agents may see working […]

Affordability concerns are slowing down new home construction



Rising housing affordability concerns are causing a slowdown in new home construction, according to a U.S. Commerce Department report published last week. The report noted that single-family housing starts fell by 1.8 percent in October compared to the previous month. “This month’s decrease in single-family starts isn’t a surprise given the drop in our builder […]

Risk of “wildly inaccurate” home estimates if automation replaces human appraisers



Federal agencies are trying to push the concept of automated home appraisals, but appraisers worry that the plan could lead to “wildly inaccurate” valuations of some homes. The idea is to reduce the number of homes that require an in-person appraisal by a human, in order to speed up closing times and save money for […]

Sign up Now and get our guide on Video Marketing for Real Estate Professionals for Free

Sign up to the Realty Biz News mailing list to get updates from our site and also get our guide to Video Marketing for Real Estate professionals for free