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PropTech Sector Sees Growing M&A Interest as Macro Trends Reshape Real Estate Market
Source: William Blair --- Technological innovation is disrupting the residential real estate sector as investors and innovative companies seek to address all parts of the homebuying value chain and improve the experience of both real estate agents and consumers. Key...
Some Real Estate Agencies Are Scrambling To Find Alternative Sources Of Revenue
Source: Yahoo --- In an effort to boost its revenue, real estate listings giant Zillow Group Inc. started a home-flipping business that it believed would create an alternative revenue stream to just marketing properties online. That strategy didn’t last long after...
Seven Charts Highlight the Strangeness of the Housing Market
Source: Planetizen --- Reporting for Bloomberg, Tracy Alloway and Joe Weisenthal examine the weirdness in today’s unprecedented housing market. “Yes, mortgage rates have shot up, crimping affordability. But at the same time, unlike in the era prior to 2008 and the...
Wraparound Mortgage: What Is It And How It Works
Source: Forbes --- If you’re having trouble qualifying for a traditional mortgage, there may be another financing option available. A wraparound mortgage is a form of seller financing that’s designed to benefit both parties in the purchase. Buyers may have a better...
Walmart is now offering mortgages, but its typical shopper probably can’t afford today’s housing market
Source: Business Insider --- At Walmart, you can buy anything from a Golden Girls themed Chia Pet to ethically sourced dog nail polish – and now you can also get a mortgage. Lenders One Cooperative, a national alliance of independent mortgage bankers, banks and...
It’s bad enough mortgage rates are over 7% – now it’s harder to qualify for a home loan
Source: CNBC --- It’s a double whammy for would-be homebuyers. Not only are interest rates soaring, it’s getting harder to qualify for a loan. The average rate on the popular 30-year fixed mortgage climbed over 7% at the end of last week, according to Mortgage News...
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