How to Evaluate an Opportunity Zone with the Right Property Data
How Property Data APIs Can Streamline Opportunity Zone Research Opportunity zones are front and center in the real estate industry. Propmodo.com recently announced regulatory intelligence – which includes the defining of opportunity zones – as one of the biggest trends impacting the real estate environment in 2019. Opportunity zones across the U.S. offer investors one […]
The Real Estate Web APIs Race: Choosing the Right Partner
Why API Adoption is Critical for MLSs and Brokers After a span of slow adoption of APIs in real estate, there seems to be a turning point in the industry. This is good news for tech-conscious brokers, their vendors, and the MLSs who have long known that Web APIs offer more secure, more modern and […]
Global Fintech Investment Doubles in 2018: A Look Ahead
The Surge in Global Fintech Investment The total global fintech investment increased from $50.8 billion in 2017 to a full $111.8 billion in 2018, according to KPMG’s The Pulse of Fintech, a biannual report that highlights key trends in fintech across the globe. Lending and Mortgage Markets Embrace Technology Lending, and the mortgage market in […]
These are the best cities to buy in for real estate investors
Real estate investors that are looking to increase profits this year may want to head inward. According to new data, the Midwest region is home to the nation’s three best cities for residential investments. The best spots for Real Estate Investors According to the Q1 Residential Real Estate Investment Rankings from Compound, the Midwest is robust with investment […]
Are You Playing Fair? How to Leverage Fair Display In Your Real Estate Business
Technology vs. Fairness A few years ago, many in the real estate industry raised concerns about the business practices and formats of many websites, some owned by media companies and others by MLSs/associations and brokerages. Certain practices were seen as confusing; others were creating inefficiency in the dissemination of real estate information, and were disruptive […]
5 PropTech Predictions for the Rest of 2019
With just 4 months into 2019, PropTech’s impact on how real estate is used, bought, developed, managed and invested is exploding. Here are 5 predictions of what will be most popular in the PropTech industry for the rest of 2019. 1. Disruption Will Give Way to Innovation The real estate market remains keen on more […]
Why Is The Gap Between Owner and Appraiser Home Value Opinions Widening?
Homeowners Overestimate Home Value Growth The average American homeowner thinks their home is appreciating faster than appraisers do. Appraisal values in January were an average of 0.47 percent lower than what homeowners estimated, according the national Quicken Loans Home Price Perception Index (HPPI). January was the third consecutive month in which the gap between these […]
Is it a race against the clock? A mortgage cash-out refinancing spree is here
Some 2.43 million homeowners can reduce their mortgage interest rate by refinancing, according to a recent mortgage report by Black Knight, a mortgage data and analytics company. One such way to do this is through cash-out refinancing , an increasingly popular way for homeowners to draw equity from their homes while lowering their interest rate. Refi applications […]
Cash-out mortgage refinancing: Here’s where homeowners are using it most
The Growth of Cash-out mortgage Refinancing in Recent Years Homeowners who snagged a low-interest rate mortgage in recent years have a big incentive to avoid refinancing the loan because interest rates are higher now. When they need a large amount of cash, though, some homeowners are turning to Cash-out mortgage refinancing — even if it […]
Are lenders more likely to say yes in 2019 to refinancing applications?
It’s easier to qualify to refinance If you tried and failed to refinance in the past, 2019 might be your year to qualify to refinance. Lenders are allowing higher debt-to-income ratios. Average credit scores for approved loans are falling. Down payments/equity are lower. All of these things are good if you plan to buy a […]