Miami Herald: “At $60 million a mile, the Keys may abandon some roads to sea rise rather than raise them”A Florida County is considering whether to abandon roads and homes to rising sea levels.
JD Supra: “Amendment to NYS Tax Law Affects Recording of Deeds for LLCs”New York LLCs must now disclose every member before real estate may be transferred.
HousingWire: “Ginnie Mae moving closer to accepting eNotes”The fully digital mortgage takes a step forward.
Monmouth Conservation Foundation Preserves de Groot Family Farm in Colts Neck The Monmouth Conservation Foundation recently announced the preservation of a 41-acre farm in Colts Neck. This farm, owned by the de Groot
Mondaq: “NY Now Requires Names Of All Members Of LLCs Selling Or Buying Residential Property”New York laws have been amended to require the name and address of every member of an LLC that acquires or sells residential
MPA: “Quicken Loans can now offer eClosing across all 50 states”Electronic mortgage closing is now available in all 50 states through Quicken Loans.
HousingWire: “Appraisals no longer required on some home sales under $400,000”The appraisal threshold has been raised for the first time since 1994.
National Mortgage News: “Quicken pushes out eClosing capabilities to all 50 states”Hybrid closings are becoming standard in NJ. Consumers are electronically signing a portion of the closing documents the day prior to closing. Full
DS News: “Foreclosure Levels Continue to Drop”According to Black Knight, mortgage performance improved in August.
HousingWire: “RE/MAX: U.S. housing market experiences largest inventory decline since last year”The number of homes for sale fell 5.5% from previous year in August.
The 2nd Annual STEAMpark Charity Throwdown is October 24th!Join Two Rivers Title at the 2nd Annual STEAMpark Charity Throwdown at Stumpy's Hatchet House on October 24th! See the flyer below for
The Journal: “New Jersey Purchases 190 Acres to Expand Allaire State Park”The beloved NJ park just got bigger.
HousingWire: “Appraisals may soon not be required on certain home sales of $400,000 and under”The FCC and OCC have already approved this change.
HousingWire: “Harvard: First-time homebuyers are changing”There has been a significant shift from married to never-married households among first-time homebuyers in the last 20 years.
Barrons: “As New-Home Sales Falter, Questions Emerge About the Recovery’s Pace”According to the Commerce Department, housing recovery is slowing.
Bloomberg: “Almost 40% of U.S. Homes Are Mortgage Free”According to Zillow data most Americans are living mortgage free.
MarketWatch: “Housing starts dip in June and permits fall more steeply in another sign of weakness”Permits to build new homes sank to the lowest in two years.
CNN: “Foreign buyers are turning their back on American real estate”The number residential home purchases by foreigners has plunged.
HousingWire: “Opendoor and Redfin join forces to begin buying houses in Phoenix and Atlanta”Opendoor and Redfin are creating a partnership to buy homes in Phoenix and Atlanta.
The Real Deal: “Hispanics Made up 63% of New US Homeownership”Hispanic first-time home buyers are giving a sluggish housing market a much needed jolt.
Inman: “Nextdoor will now tell you how much your home is worth”NextDoor launches new tool that will help consumers understand the value of their home.
CNBC: “Build-to-rent housing market explodes as investors rush in”Due to consumer rental demands investors are turning to the build-to-rent market.
Inman: “We’re in a ‘homebody era,’ and that means a housing shortage for years to come”Significant increase in length of home ownership is decreasing supply.
HousingWire: “FICO scores for May mortgage borrowers remain at two-year highs”Higher FICO shows and debt ratios show that Americans are in better shape to get mortgages.
Mortgage News Daily: “Mortgage Prepays Continue to Mount, Doubling in Four Months”According to Black Knight, due to low interest rates prepayments have continued to rise.
The Real Deal: “Fed Decision: Real Estate Loves Low Rates (But Not Too Low)”Housing industry enjoying low interest rates but concerned about the economic slowdown.
Business Insider: “Real-Estate Investors and Millenials are Competing for Starter Homes”Investors buying starter homes is bad news for millennials looking to buy their first home.
NY Times: “Want a House Like This? Prepare for a Bidding War With Investors”Investors are increasingly pushing starter homes out of reach for many households.
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