Weekly Real Estate News Quiz: Think You're Up On The Biggest Headlines?
Thanks to the Federal Housing Finance Agency and the U.S. Department of Housing and Urban Development, buyers can now access higher Fannie Mae, Freddie Mac and Federal Housing Administration Loans.
The federally backed enterprises announced their 2020 loan limits in November 2019, with Fannie Mae and Freddie Mac increasing limits from $484,350 to $510,440, and the FHA raising limits to $314,827 to $331,760.
The New York-based real estate technology startup formerly known as Perch announced Tuesday it has rebranded as Orchard and raised $36 million in Series B funding, an equity raise. The company plans to use the funds to invest in product innovation, bolstering its staff and general growth.
The Tangible Action Guide for Real Estate Marketing was not included in the list.
Although everyone is focused on the future, this season’s design must-have is a relic from the 1970s. According to a design trends report by realtor.com, burl wood is a simple way to add spark to any space in the home.
Burl wood is sourced from large, round deformities on trees that are suffering from a viral, fungal or insect infestation. Although the deformity is unsightly from the outside, it creates a one-of-a-kind grain pattern that can be used to make stunning tables, chairs, mirror and bed frames, and for the buyer who has the budget, large-scale built-in wall units.
Because 2020 has the same two-number combination at the beginning and end, a document or check dated 1/1/20 could be changed to 1/1/2019 or 2000 or any other year. That could call into question the legitimacy of a document or a check and create problems when trying to verify the information on a contract.
Three real estate startups were among the top 15 biggest fundraisers in 2019, a new report published Thursday by AlleyWatch, found. Opendoor, Vacasa and Compass, all of which raised $300 million or more, were all within the top 11.
At the 2020 Consumer Electronics Show in Las Vegas this week, Toyota announced formal plans to construct Woven City, a prototype town on a 175-acre parcel in the shadow of Mount Fuji.
Doctorow was previously the head of global growth at eBay Marketplaces since 2016. Prior to his executive role at eBay, he served as the chief marketing and strategy officer at Expedia, which, coincidentally, was founded by Rich Barton, the founder and current CEO of Zillow, realtor.com’s top home search rival.
He is also the latest real estate executive to come from McKinsey & Company, the global consulting firm, joining Realogy CEO Ryan Schneider and Compass founder and CEO Robert Reffkin.
This is Porch’s first funding round since 2015, when the company raised $65 million in Series B funding.
Purchasing a three-bedroom, median-priced home is more affordable than renting a three-bedroom property in 455 of 855 (53 percent) of U.S. counties with sufficient sales data, according to a report released by Attom Data Solutions released on Thursday.
Attom calculated affordability based on the percentage of a renter or owner’s wages that went toward housing costs, with less than 30 percent being considered affordable. However, home affordability also included property tax, homeowner’s insurance and private mortgage insurance costs.