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Lola Audu: Moving the Industry Forward

Vitals: Audu Real Estate Years in Business: 18 Size: 1 office with a small team of agents Region Served: Greater Grand Rapids Metropolis With a background in the hard sciences such as biology and chemistry, Lola Audu came to…

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Mortgage Rates at Highest in More Than a Year

The average 30-year, fixed mortgage rate is at its highest in more than a year: 4.32 percent, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). Last week, it averaged 4.22 percent. “The U.S. weekly average 30-year fixed…

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Altisource Residential changing its name to Front Yard Residential

Altisource Residential, apparently tired of being confused with Altisource Portfolio Solutions and Altisource Asset Management, announced Friday that it plans to change its name to Front Yard Residential. According to the company, the name change will take effect on Feb.…

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Detroit suddenly reverses ban on Airbnb hosts

Just a few days after the city of Detroit started handing out cease and desist orders to some of its downtown Airbnb hosts, the city council voted to lift the ban. After going into effect Tuesday, it appears many of…

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Detroit cracks down on Airbnb rentals

The city of Detroit, Michigan, recently voted to ban Airbnb in some of the city’s zones and is now sending out cease and desist letters. A new update went into effect Tuesday making it illegal for property owners in the…

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Stock Market Plunge: Is Real Estate Safe?

Is the stock market crashing? The short answer: no—the Dow is just a little bumpy right now. Monday’s Wall Street frenzy had people from all over the world fearing that a U.S. real estate bubble might be the culprit after…

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Confidence in Housing Soars at Start of Year

Confidence in housing is breaking new records, soaring in January in the Fannie Mae Home Purchase Sentiment Index® (HPSI). The HPSI overall posted 89.5 in January, 3.7 percentage points higher than the month prior and 6.8 percentage points higher than…

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Buyers Caught in Deadlock: NAR

Buying a home is a mark of the American Dream—but even though the desire exists, realizing it is a struggle, according to the Aspiring Home Buyers Profile recently released by the National Association of REALTORS® (NAR). Homebuyers are hopeful, however.…

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Affordable Housing and HELOC Deductibility Under New Tax Laws

The new tax bill passed by Congress in December 2017, celebrated as the Trump Administration’s first major legislative victory, will have inadvertent consequences for potential homebuyers looking to buy homes in high-end markets, and for those with a home equity…

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