Real Estate Tech News


Real estate Denver co Investors See Riches in a Tax Break Meant to Help the Poor

Real estate Denver co Investors See Riches in a Tax Break Meant to Help the Poor

In a former warehouse on a dimly lit street in the South Bronx, Denver homes developers sipping Puerto Rican moonshine listened as a local official urged them to capture a new U.S. tax break by rebuilding the decaying neighborhood.In Alabama, a young lawyer quit his job after seeing the same tax break’s potential to help one of the nation’s poorest states. He now spends his days driving his Hyundai from town to town, slideshow at the ready, hoping to connect investors with communities.And on a conference call with potential clients, a prominent hedge fund executive pitched investments in a boutique hotel in Oakland, which he described as San Francisco’s Brooklyn. The project is eligible for the same tax break, designed to help the poor.
Amid shutdown, real estate Denver co offers $5K in mortgage payments to federal workers and others

Amid shutdown, real estate Denver co offers $5K in mortgage payments to federal workers and others

Starting Wednesday, homeowners who have suffered furloughs and other work changes can apply for a city grant to pay their mortgages. The city will give up to two months of mortgage payments, for a maximum of $5,000, through the program.“It’s simply unacceptable that hundreds of thousands of federal workers and their families are being used as political pawns,” Mayor Michael Hancock said in a news release. “I don’t want anyone to lose their home because of this shutdown, so estate sales Denver's going to step up and support our federal employee residents where we can.”A missed paycheck would have devastated his family when he was growing up, he said.Total Denver homes income cannot exceed 120 percent of the area median income, or $107,880 for a family of four.
Refin To Launch in Two of Canada's Highest-Priced Cities This Quarter, Seeing Boon Like in Real Estate Denver

Refin To Launch in Two of Canada's Highest-Priced Cities This Quarter, Seeing Boon Like in Real Estate Denver

Despite signs of a slowdown, Redfin announced today that it will expand its North American footprint by opening up a presence in Toronto and Vancouver, two of Canada's highest-priced real estate markets. They plan to begin operations by March 2019 with more expansion throughout Canada expected to come."Our website and mobile apps will show all the real estate Denver co homes for sale via the local Multiple Listing Services used by brokerages. And Redfin will show sale prices for Toronto and Vancouver homes that for years had been unavailable to consumers," said Redfin CEO Glen Kelman in a statement. According to the statement, Redfin will provide to its clients pricing and staging advice, free professional photography, a 3D walkthrough of the home, open houses, yard signs, and marketing materials, and Redfin listings will receive premier placement on Redfin.ca and be displayed on Realtor.ca and other Canadian real estate sales Denver websites. 
Mortgage rates continue their six-week decline, falling to nine-month lows

Mortgage rates continue their six-week decline, falling to nine-month lows

Mortgage rates have been in a prolonged swoon, but it may be coming to an end.According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average tumbled to 4.45 percent with an average 0.5 point. (Points are fees paid to a lender equal to 1 percent of the loan amount.) It was 4.51 percent a week ago and 3.99 percent a year ago. The 30-year fixed rate dropped below 4.5 percent for the first time since April real estate Denver co.The estate sales Denver 15-year fixed-rate average fell to 3.89 percent with an average 0.4 point. It was 3.99 percent a week ago and 3.44 percent a year ago. The five-year adjustable rate average sank to 3.83 percent with an average 0.3 point. It was 3.98 percent a week ago and 3.46 percent a year ago.
It's more affordable to rent than buy in most US cities, report finds

It's more affordable to rent than buy in most US cities, report finds

As home prices continue to grow faster than wages, an increasing number of US may turn to rentals.Renting a home was more affordable than buying one in 2018 in more than half of the counties analyzed by the national property database ATTOM Data Solutions, according to a rental affordability report out Thursday, with real estate Denver co prices rising faster than wages in 80% of US markets."Renting a home is clearly becoming the more attractive option in this volatile housing market," said Jennifer von Pohlmann, spokesperson for ATTOM. In 2018, it was less expensive to rent a three-bedroom property than to buy a median-priced Denver home in 442 of 755 analyzed counties, or 59%, the company found using official wage and housing figures and public record estate sales Denver deed data.
Lennar Shares Surge After Homebuilder Sees Improved Q1 Activity as Rates Ease

Lennar Shares Surge After Homebuilder Sees Improved Q1 Activity as Rates Ease

Lennar Corp. (LEN - Get Report)  shares surged to a three-month high Wednesday as two Federal Reserve officials signaled slower 2019 rate hikes, easing pressure on mortgage levels, and the nation's second largest real estate Denver co. homebuilder said current quarter activity would likely pick up as a result. Lennar CEO Stuart Miller told investors on a conference call that he expects the firm to open 50,000 new Denver homes in the currency fiscal year, which began on December 1, after reporting adjusted earnings for the three months ending in November of $1.96 per share, just ahead of the Street consensus of $1.92 per share. However, while group sales rose 71% to $6.5 billion, and new home deliveries surged 64% to 14,154 units, each missed forecasts of $6.53 billion and 14,185 units respectively.
Builder KB Home To Offer ‘Wellness’ Software As Smart Home Race Heats Up

Builder KB Home To Offer ‘Wellness’ Software As Smart Home Race Heats Up

KB Home today said it will begin offering home buyers technology to make their households healthier. Starting this spring the Los Angeles-based homebuilder will sell an add-on, known as Darwin, to buyers in California, with plans to eventually roll it out nationally. Darwin is designed by Delos, a New York-based technology startup that has risen over $200 million to develop what it calls “wellness real estate.” The real estate is a major business sector, may it be Denver real estate or New York. Both company might have a huge prospect in all cities together.Both KB and Delos operates in Denver as well, and they are ensuring wellness in Denver homes for sale, and many other cities. KB Home and Delos tie up is definitely looking promising.
Today is Judgment Day for last-ditch Sears rescue plan

Today is Judgment Day for last-ditch Sears rescue plan

Edward Lampert has filled in the blanks on his $4.4 billion rescue bid for Sears, but a couple of key numbers were still missing less than a day before a key court deadline: How much did the liquidators offer?Two bids from breakup firms have been submitted, and if either one tops Lampert, Sears Holdings Corp. could turn out to be worth more dead than alive for its creditors. Those numbers hadn't been publicly announced as of late Thursday.Lampert's ESL Investments is offering to keep the bankrupt chain in business and up to 50,000 people employed. But it's possible his plan won't be deemed solid enough to qualify, all but assuring that the company will be shut down and sold off in pieces. The deadline for Sears to tell bidders if they're still in the running is 4 p.m. New York time.
2019 Real Estate Forecast: What Home Buyers, Sellers And Investors Can Expect

2019 Real Estate Forecast: What Home Buyers, Sellers And Investors Can Expect

There’s no doubt about it: the 2018 housing market has seen its ups and downs.The year started with sky-high home prices, historically low mortgage rates and a definitive upper hand for sellers. In recent months though, home price growth has faltered, rates have risen to their highest point in nearly eight years, and favor has started to shift from seller to buyer.Will these trends continue? Will housing experience the same wild ride in the new year? Here’s what experts predict will happen in 2019 real estate market.
Why Autodesk Just Spent $1.15 Billion On Two Construction Tech Startups

Why Autodesk Just Spent $1.15 Billion On Two Construction Tech Startups

Autodesk’s construction software business is getting its second acquisition-fueled jolt of the past few weeks. The company announced on Thursday that it is acquiring startup BuildingConnected for $275 million.The acquisition of BuildingConnected comes exactly one month after Autodesk announced plans to acquire PlanGrid, another construction tech startup, for $875 million in November (the deal closed today). Together, the two acquisitions mean San Rafael, California-based Autodesk has paid $1.15 billion in a month for the startup companies.


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