• LeaseLock hires new CRO to lead its next phase of growth
    on August 22, 2019 at 4:19 pm

    LeaseLock recently hired Ed Wolff as the company’s new chief revenue officer. In his new role as CRO, Wolff will help lead all of LeasLock’s enterprise sales, account management and marketing functions. Reichen Kuhl, founder and CEO of LeaseLock, said Wolff’s vast experience uniquely positions him to accelerate the company’s overall growth. […]

  • Toll Brothers, the bell that tolls for luxury market
    by kkhowley@housingwire.com on August 22, 2019 at 1:26 pm

    Toll Brothers, the largest U.S. luxury homebuilder, reported purchase agreements fell 3% nationally in the third quarter from a year earlier, and in California, where some of its priciest developments are located, contracts plummeted 36%. Toll’s average home price was $882,648 in the quarter, the company said. […]

  • Southwest sees fastest single-family rent increase
    on August 21, 2019 at 9:25 pm

    Last month, we reported that Phoenix led the nation in multifamily rent growth. Now, according to a recent report from CoreLogic, single-family homes are following suit as rent prices are increasing the fastest in the Southwest. Phoenix had the highest year-over-year rent growth for the seventh consecutive month this June, with an increase of 7.1%. […]

  • Airbnb takes over 20% of housing in Arizona housing
    on August 21, 2019 at 8:40 pm

    Airbnb vacation rentals took over one city in Arizona, frustrating its citizens and causing business leaders to speak out. It is now estimated that about 1,000 homes, or 20% of the city’s total housing inventory, are being used as short-term vacation rentals. […]

  • Mortgage Tech Rundown: AIME, LoanScorecard, and Shape Software
    on August 21, 2019 at 8:33 pm

    Mortgage Tech Rundown looks at the latest news in mortgage technology, featuring new product updates, integrations and announcements. Today we take a look at the latest fintech news from AIME, LoanScorecard and Shape Software. […]

  • America’s growing home tenure is threatening potential home sales growth
    on August 21, 2019 at 3:40 pm

    Potential existing-home sales fell in July as inventory concerns continued to threaten the market’s overall growth, according to First American’s Potential Home Sales Model. According to the company’s analysis, the market potential for existing-home sales fell by 1.2% from 2018, equating a loss of 63,000 sales. First American Chief Economist Mark Fleming said America’s rising tenure length means that there are both fewer buyers and homes on the market, keeping existing-home sales below market potential. […]

  • Low mortgage rates spur gain in July’s existing home sales
    on August 21, 2019 at 2:25 pm

    Existing-home sales rose in July from the prior month, increasing nearly 2.5%, according to the latest report from the National Association of Realtors. NAR Chief Economist Lawrence Yun said falling mortgage rates are improving housing affordability and nudging buyers into the market. However, Yun warns that the supply of affordable housing is severely low, and the shortage of lower-priced homes have pushed up home prices. […]

  • Douglas Elliman launches in Texas
    by kkhowley@housingwire.com on August 20, 2019 at 9:59 pm

    Douglas Elliman Real Estate, the top brokerage in the New York metro area, is expanding into Texas. On Tuesday, the brokerage announced a joint venture with Sudhoff, a company based in Houston that specializes in luxury high-rise condominiums. Jacob Sudhoff, president of Sudhoff, was named chief executive officer of Douglas Elliman, Texas. […]

  • Here’s more proof that Millennials have officially entered the housing market
    on August 20, 2019 at 8:47 pm

    Another day, another set of data that shows Millennials are now officially in the housing market. Earlier this year, data from realtor.com showed that Millennials were responsible for more new mortgages in 2018 than any another generation. Now, new data from the same source shows that Millennials’ share of the mortgage market has only increased throughout this year. […]

  • Zillow expands its coverage in Canada
    on August 20, 2019 at 5:34 pm

    Zillow was founded in the U.S. in 2006, and began expanding into Canada just last summer. And now, Zillow is partnering with more than 250 Canadian brokerages and franchisors to expand the Canadian real estate listings on its site. […]