Weekly Round Up 10/12/2018 You may want to check it out!
Foreclosure Activity Increases 9%
According to the latest ATTOM Data Solutions Foreclosure Activity report, nearly one in every 2k U.S. properties had a foreclosure filing in August, 2018. According to the report, there were 70,166 U.S. properties with foreclosure filings in August, up 9% from July and down 7% from one year ago. Click here to read more.
Amazon Enters the Home Building Business
Is ecommerce giant Amazon entering the home building space? A recent report on CNBC says they’ve recently taken a stake in Plant Prefab, a Southern California company that builds prefabricated custom single and multi-family homes that uses an automation in an attempt to keep costs low. Click here to read more.
Mortgage Fraud is on the Uptick
According to new data from CoreLogic, mortgage fraud is on the rise as more people lie about their income in order to qualify for loans. CNBC’s Diana Olick reports that loan applications for real estate purchases are more likely to have fraud than for refinancing because higher interest rates have slowed refinancing activity, making mortgages a larger share. Click here to read more.
Millennials Moving to Urban Cores
Millennials are about to become the largest generation in history and with that their choices and buying patterns continue to influence the U.S. economy. A recent study by RentCafe recently took a look at where millennials are living and where the next potential hot spots are located. Click here to read more.
Big Single-Family Landlord to Spend $1 Billion on Home-Flipping
Former Rock-n-Roller Masterminds Multimillion-Dollar Real Estate Scam
When celebrities, even minor washed-up ones, are involved in scams it reveals the power they have over others – especially in product endorsements and cheap publicity. According to a recent article on HousingWire the former bass player for the band The Ataris (known for their cover of Don Henley’s “The Boys of Summer”) spearheaded a massive real estate scam that defrauded more than 100k people across the country out of more than $25 million. Click here to read more.
Multifamily Units See Large Spike in 2017
According to new research from the NAHB’s Eye on Housing, construction of units in large multifamily buildings (50+ units) grew by 18% in 2017, representing the largest increase since 1972 when this data started being collected. Click here to read more.
Best Airports in America
Everyone has their favorite airport and can tell you a story about the worst. Consumer insight giant J.D. Power recently surveyed over 40k weary travelers for their 2018 North America Airport Satisfaction Study in order to gauge satisfaction with mega, large, and medium North America airports. Click here to read more.
The Pros & Cons of Paying Off Your Mortgage or Investing in Real Estate