cfpbmortgagemortgage shoppingSelect
January 13, 2015

Uncle Sam wants YOU to shop for a mortgage

Finding the right home can be fun and exciting. Find the right mortgage? Not so much. Nearly half of borrowers don’t shop around for the best rate before applying for a mortgage, and even if they do, three out of four end up applying to only to more than one…
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movotorealtor.comRedfinSelectTechnologytruliaZillow
January 13, 2015

Tech-focused brokerages gain national prominence

Three tech-oriented brokerages — Redfin, Movoto and Estately — all grew their traffic notably in 2014, and are beginning to create a national presence for themselves. All three have sleek websites and powerful mobile apps, with Movoto and Estately employing referral-based business models in which they hand buyers and sellers off to other…
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Uncategorized
January 13, 2015

CUTTING FEES ON MORTGAGES

President Barack Obama announced that the Federal Housing Administration will cut fees on the mortgages it insures in order to make buying a home less expensive. The annual premium charged on FHA loans have been trimmed to 85 basis points from the 135 basis points levie. The result for home…
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iosiphonejamie moyleMobilerealtytracSelectTechnology
January 13, 2015

Homefacts releases Android app

Screen shot of Homefacts Android app in action. Users of Android mobile devices can now use a new app from Homefacts to research information about properties and neighborhoods ranging from details about local schools and building permit activity to the locations of registered sex offenders and environmental hazards like former…
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liming zhaoreal estate hackersSelectTechnologyurban compass
January 13, 2015

Liming Zhao: ‘a citizen of technology who wandered into land of real estate’

Liming Zhao Head of engineering, Urban Compass What he does: I explore the state of the art in technology used by our agents and consumers, enhance the process flow and data quality of property information for search and market analysis, and build tools to facilitate communications between agents and consumers.…
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Brokeragereal estateSelectsuccess
January 13, 2015

4 survival strategies for brokerages

This one is specifically for owners of larger brokerages: You are in the middle of a war zone battling giant portals and local brokerages for the eyes and hearts of your marketplace members. Often the heat is too intense to think strategically, so instead you carefully peruse business plans handed…
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Markets & Economyreal estate dataSelect
January 13, 2015

Go figure: Wall Street firms buying rentals, hottest season to sell, commission rundown and more

What’s the hottest season to sell? Let’s make a deal Bon voyage! Rolling back prices How’s your overhead? A reason to eat breakfast for dinner with the family Loading and unloading Four biggest Wall Street firms buying up rentals nationwide Learn About Tableau Have data you’d like to see featured here? Let us…
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open datapredictionsreal estateSelectTechnology
January 13, 2015

How open data will supercharge your business

There is a lot of buzz around data these days. Whether you’re using the term “open data,” “big data” or incorporating some other broad adjective, data are central to the discussion of every industry’s future. As every aspect of our world is digitized, lots of new information becomes accessible. In theory, this…
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BrokerageJay MehtaQuest Equity PartnersSelectZev Freidus
January 13, 2015

Private equity firm invests over $20M in South Florida brokerage

San Francisco Bay Area-based private equity firm Quest Equity Partners has invested at least $20 million to take a controlling interest in Boca Raton, Florida-based Boca Executive Realty and plans to take the 9-year-old firm nationwide. Quest Equity Partners is going all in — managing partner Jay Mehta moved to Boca…
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