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Mortgage broker fined $7.5M for violating Do Not Call laws

Mortgage broker fined $7.5M for violating Do Not Call laws | Real Estate Plus+ Daily News | Scoop.it
The Do Not Call laws are strict and inflexible, and a leading mortgage brokerage targeted U.S. servicemembers, even when appearing on the Do Not Call registry.
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Real Estate Related News Plus Miscellaneous Tech Stories and News of Interest
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August Housing Starts Dip, Single-Family Up 1.8%

August Housing Starts Dip, Single-Family Up 1.8% | Real Estate Plus+ Daily News | Scoop.it
Housing starts in August were at a seasonally adjusted annual rate of 1,180,000, an 0.8% decline from the revised July estimate of 1,190,000 but 1.4% above the August 2016 rate of 1,164,000, the Commerce Department reported Tuesday morning. Single-family housing starts in August were at a rate of 851,000, up 1.6% above the revised July figure of 838,000 and up 17.1% from August 2016.
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First Bitcoin-Only Real Estate Transaction Completed in Texas

First Bitcoin-Only Real Estate Transaction Completed in Texas | Real Estate Plus+ Daily News | Scoop.it
In a new and interesting twist, an entire real estate transaction has taken place via Bitcoin. In other words, you can now buy your house with Bitcoin…at least in Texas.
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9 Architectural Wonders Inspired by Nature

9 Architectural Wonders Inspired by Nature | Real Estate Plus+ Daily News | Scoop.it
New technologies are now helping architects recreate complex structures found in the nature by using modern construction methods and materials. Biomimetic architecture draws its influence from the Earth.
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Student Debt Delaying Millennial Homeownership by 7 Years

Student Debt Delaying Millennial Homeownership by 7 Years | Real Estate Plus+ Daily News | Scoop.it
This is according to a new joint study on millennial student loan debt released today by the National Association of Realtors® and nonprofit American Student Assistance®. The survey additionally revealed that student debt is holding back millennials from financial decisions and personal milestones, such as adequately saving for retirement, changing careers, continuing their education, marrying and having children.
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Seth's Blog: Beware of false averages

Seth's Blog: Beware of false averages | Real Estate Plus+ Daily News | Scoop.it
But few things are up for a majority-rule vote. Instead, the tail keeps getting longer, and choice begets more choice. As a result, people don't need to abandon their hump to head to the non-existent middle.
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Morgan Stanley makes big push into mortgage originations

Morgan Stanley makes big push into mortgage originations | Real Estate Plus+ Daily News | Scoop.it
According to the Reuters article by Olivia Oran, Morgan Stanley wants to bring the business in-house to improve customer service and generate more mortgages, citing two people familiar with the matter.
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Elon Musk just posted a SpaceX blooper reel and it’s awesome

Elon Musk just posted a SpaceX blooper reel and it’s awesome | Real Estate Plus+ Daily News | Scoop.it
The reel is set to Sousa’s “The Liberty Bell” (aka the Monty Python theme song) and shows all the crashes, explosions, and just plain tipping overs from years past. It’s a funny reminder of just how often SpaceX had to fail to get to where they are today.
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We're Drowning in Data But Starved for Wisdom

We're Drowning in Data But Starved for Wisdom | Real Estate Plus+ Daily News | Scoop.it
“in the past censorship worked by blocking the flow of information. In the twenty-first century, censorship works by flooding people with irrelevant information
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Median U.S. Household Income Up for 2nd Straight Year

Median U.S. Household Income Up for 2nd Straight Year | Real Estate Plus+ Daily News | Scoop.it
The median household income was $59,039 in 2016, an increase of 3.2 percent over the year before after adjusting for inflation, the Census Bureau said on Tuesday. The share of Americans living in poverty declined, and the
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11 'American Foods' Every Tourist Says They Want To Try

11 'American Foods' Every Tourist Says They Want To Try | Real Estate Plus+ Daily News | Scoop.it
The two-month-old thread is still active with nearly 37,000 comments, and gives a pretty interesting look into what American pop culture and restaurants look like around the world.
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What the Post-Katrina Real Estate Market Can Tell us About Hurricane Harvey’s Impact on Houston

What the Post-Katrina Real Estate Market Can Tell us About Hurricane Harvey’s Impact on Houston | Real Estate Plus+ Daily News | Scoop.it
“We know, from experience with Katrina, that housing markets respond to supply shocks with fast-rising prices that can be followed by swift corrections.”
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Five former presidents get together to pledge help for Texas

Five former presidents get together to pledge help for Texas | Real Estate Plus+ Daily News | Scoop.it
Bill Clinton, Jimmy Carter, Barack Obama, George W. Bush, and George H.W. Bush all appear in a new video asking for donations to the One America Appeal to help with Hurricane Harvey recovery efforts.
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Airtasker co-founder launches 'LinkedIn for Property' start-up: Property Portal Watch

Airtasker co-founder launches 'LinkedIn for Property' start-up: Property Portal Watch | Real Estate Plus+ Daily News | Scoop.it
Soho is a portal for property owners to manage the online profile for their asset, from the financial details of the investment performance through to rental payments. It also stores document items like bills and body corporate statements online.
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Over 6% of Toronto Real Estate Listings Were Bought Less Than 18 Months Ago

Over 6% of Toronto Real Estate Listings Were Bought Less Than 18 Months Ago | Real Estate Plus+ Daily News | Scoop.it
Let’s start with some composite numbers, which is the aggregate of all home types. Just over 6.2% of homes listed for sale in the City of Toronto have land registry records showing they were bought less than 18 months ago. On average, it took 209 days to relist – just a touch over 6 months.
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Calif August home sales and price report

Calif August home sales and price report | Real Estate Plus+ Daily News | Scoop.it
Closed escrow sales of existing, single-family detached homes in California remained above the 400,000 benchmark for the 17th consecutive month and totaled a seasonally adjusted annualized rate of 427,630 units in August, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. The statewide sales figure represents what would be the total number of homes sold during 2017 if sales maintained the August pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales.
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Nonprofits Offering Realty Services, The Housing Scene

Nonprofits Offering Realty Services, The Housing Scene | Real Estate Plus+ Daily News | Scoop.it
Now, though, 30 or so NeighborWorks member organizations are keeping their clients in-house, offering not only realty services but also, in some cases, financing and insurance. Some are even building houses.
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September 2017 RE/MAX National Housing Report 

September 2017 RE/MAX National Housing Report  | Real Estate Plus+ Daily News | Scoop.it
Inventory in the report’s 54 markets declined 3.9% from July and 13.7% from a year ago, driving Days on Market to drop to 47 – the fastest listing-to-sale average for any August. The Months Supply of Inventory, while continuing to rebound from a May low of 2.6, settled at 3.1 months and set another report record for August.
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11 Tech Buzzwords Real Estate Professionals Need to Know

11 Tech Buzzwords Real Estate Professionals Need to Know | Real Estate Plus+ Daily News | Scoop.it
With tools and processes evolving at a breakneck pace, it’s difficult to keep up — let alone find reliable educational resources. Yet neglecting to learn the most commonly used tech buzzwords and concepts may put you at a disadvantage when it comes to selecting a technology solution for your real estate business.
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Jack Johnson Named To CMLS Hall of Fame

Jack Johnson Named To CMLS Hall of Fame | Real Estate Plus+ Daily News | Scoop.it
Jack Johnson was inducted into the Council of Multiple Listing Services (CMLS) Hall of Fame at the CMLS conference (CMLS2017) in Austin on Sept. 14. The honor is a means of recognizing and acknowledging a lifetime of leadership, energy, and intellect that improves and elevates the multiple listing services industry.
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Housing Before and After the Crash: Taking Inventory of Our Housing Market Fears

Housing Before and After the Crash: Taking Inventory of Our Housing Market Fears | Real Estate Plus+ Daily News | Scoop.it
Economists are fond of saying that economic expansions “don’t die of old age.” But the current expansion’s longevity – it is now the third-longest economic expansion in American history[1] – naturally prompts questions, and fears, about its eventual end.
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Tim Dain to Succeed Paul Prince as MARIS President

Tim Dain to Succeed Paul Prince as MARIS President | Real Estate Plus+ Daily News | Scoop.it
Mid America Regional Information Systems (MARIS), the regional MLS serving the Greater St. Louis area, is pleased to announce that it has hired Tim Dain to succeed Paul Prince as its new President. 
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Outlook for Real Estate Falls in Third Quarter Amid Rate Uncertainty

Outlook for Real Estate Falls in Third Quarter Amid Rate Uncertainty | Real Estate Plus+ Daily News | Scoop.it
“While low expectations for refinance transactions dragged overall outlook down year-over-year, expectations for purchase volume growth remain positive due to Millennial demand and economic tailwinds.”
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Wells Fargo, BofA Prepared to Send Mobile ATMs in Irma's Wake

Wells Fargo, BofA Prepared to Send Mobile ATMs in Irma's Wake | Real Estate Plus+ Daily News | Scoop.it
As Hurricane Irma approaches Florida, lenders including Wells Fargo & Co. and Bank of America Corp. are making plans to move a small number of mobile teller machines into the state to provide some customers with much-needed cash amid expected power failures.
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10 Internet Etiquette Tips From the 1990s

10 Internet Etiquette Tips From the 1990s | Real Estate Plus+ Daily News | Scoop.it
In the mid-1990s, the World Wide Web offered its users a new way to communicate. It also paved the way for a whole new era of social faux pas. Internet etiquette, or "netiquette" as it came to be known, dictated that decent manners still had a place in the digital sphere.
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