Most Recent Articles About Real Estate Tools
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Leap Analytics Launches Credit Scoring Model to Improve Risk Assessment
“Traditional credit scoring models were developed decades ago to assess historical patterns in a homeowner’s ability to pay,” said Ashley Bete, Leap’s founder and CEO. Continue Reading Leap Analytics Launches Credit Scoring Model to Improve Risk Assessment
Faes & Co. Launches Private Credit Fund for Real Estate Bridging Finance
The Faes & Co Income Fund will invest in loans originated by Faes & Co.’s own group company, F2 Finance, which was launched earlier this year. Continue Reading Faes & Co. Launches Private Credit Fund for Real Estate Bridging Finance
Additional Reading: Realtor Tools & Insights
Thriving after being ‘thrown to the wolves’
Source: MPA Mag --- You think the economy is bad now for the mortgage industry? Try coming up like Michael Borodinsky (pictured) did back in the 80s. “I graduated from the University of Delaware in 1983,” he told Mortgage Professional America during a telephone...
Cost Of Living Comparison Calculator
Source: Bankrate --- The cost of living is the total amount of money required to live in a certain area and cover your basic necessities. Expenses typically factored into cost of living calculations include housing, food and taxes. It may also include such expenses...
HOW QUATTRO DEVELOPMENT GREW TO BECOME A TRUSTED REAL ESTATE DEVELOPER
Source: Realty Biz News --- Entrepreneurship isn’t without its challenges. As Quattro Development co-founders Rob Walters and Mike Liyeos discovered firsthand, creating your own business is anything but easy. The duo founded the build-to-suit real estate development...
What Is an Escalation Clause in Real Estate and When Should You Use One?
Source: Realtor --- What is an escalation clause in real estate, and how does an escalation clause work? When you’re deciding on what price to offer on a home, the situation might call for a single price or, in some cases, numerous prices via an escalation clause. In...
How To Reinvent Yourself & Your Business Enterprise
Once you have decided to reinvent yourself, the next decision is whether to stay in your chosen field or select a new one. Continue Reading How To Reinvent Yourself & Your Business Enterprise
Existing-home sales dip again as median prices reach historic heights
Source: Scotsman Guide --- Existing-home sales fell for the fourth straight month in May, sliding to a two-year low as median prices topped $400,000 nationally for the first time ever, according to the National Association of Realtors (NAR). Total sales ended May at a...
More Than 40% of Home Sellers Are Dropping Their Prices in Salt Lake City, Boise, Sacramento and Other Pandemic Hot Spots
Source: Redfin --- An increasing share of home sellers are lowering their asking price as rapidly rising mortgage rates cut into buyers’ budgets and homebuying sentiment drops. Price drops are especially common in mid-sized metros in the West–particularly in Utah–many...
Homebuyers on a $2,500 Monthly Budget Have Lost $118,000 in Spending Power This Year Amid Surge in Mortgage Rates
Source: Redfin --- A homebuyer on a $2,500 monthly budget has lost nearly $120,000 in spending power since the end of last year as mortgage rates have nearly doubled. That buyer can afford a $399,750 home at today’s mortgage rate of roughly 6%. That’s a staggering...
WHAT TO KNOW ABOUT AN OFFER TO PURCHASE IN REAL ESTATE
Source: RisMedia --- Buying and selling real estate is a big deal—and it can be a tricky to understand at times. That’s why it’s so important to have a clear understanding of the offer-to-purchase real estate form. This form can be a crucial part of the buying and...
Housing’s Slowdown Has Economy on the Edge
Source: Bloomberg --- For more than a year, we watched the scalding-hot housing market with a mix of alarm (anyone who was just thinking of buying or selling), horror (anyone already deep in the process) and caution (economists everywhere). Now? Historically low...
4 Tips to Avoid Overpaying in Today’s Changing Housing Market
Source: Money --- Since the start of the coronavirus pandemic, homebuyers have grown accustomed to overpaying and playing a risky game of bidding wars and waived contingencies. In a recent survey by Money and Morning Consult, 36% of people who purchased a home in the...
43% of homeowners have delayed home improvements and maintenance due to inflation. Here’s why that’s risky
Source: CNBC --- For homeowners, big projects and purchases may be another casualty of rampant inflation, new research suggests. Overall, 60% of homeowners in a recent survey are less comfortable making large purchases for their home or household because of rising...
Surging mortgage rates hitting first-time homebuyers ‘the hardest’: Real estate expert
Source: Fox Business --- While the real estate market shows signs of cooling down after the 30-year fixed mortgage rate hit its highest level since 2008, one expert issued a timely warning to first-time homebuyers: "We've seen rates even above 6%, and it's really...
