Recent Real Estate News
Bay Area's high housing costs leave local commuter trains without engineers
The famously high cost of housing in San Francisco and the surrounding Bay Area has a new commuter train line in desperate need of new engineers as candidates for the position repeatedly tell the Sonoma-Marin Area Rail Transit agency that it's simply too expensive for them to live where they’d be working.Fidelity National Financial acquires Commissions, Inc.
Fidelity National Financial, the nation's largest title insurance company, announced Tuesday that the company is acquiring Commissions, Inc., a provider of web-based real estate marketing and CRM software for residential real estate agents and agent teams, with an eye towards expansion.Here are summer's hottest housing markets
Weather isn’t the only thing heating up this summer. Ten-X revealed its five new hottest real estate markets for the summer. All of these markets have new rankings compared to the spring.Housing supply increase brings slight relief to California homebuyers
The California housing market could be cooling down as inventory rises, bringing relief to homebuyers across the state. On the other hand, competition remains fierce, and it will take more than one month of increasing inventory to quench the competition in the state.Consumer optimism holds steady in July
Consumer confidence barely moved, but remains historically high. While consumers may feel less confident about business in the short term, experts explain that this report tells tale of increasing economic growth into the third quarter.New home sales reach 8-year high
New homes sales not only beat out experts’ expectations, but also hit an eight-year high. Although home prices are up, it does not seem to be discouraging the demand for new homes.Case Shiller: May home prices rise at modest rate
Opinions about this month’s Case-Shiller results are as mixed as the report seems to be. While prices continue to rise, it is at a smaller rate than before. The most surprising, however, is which markets are cooling versus those that continue to drive strong price increases.HUD program offers investors a discount on default properties
Because many servicers and investors are new to the CWCOT program, Chronos Solutions offers high-touch service that walks them through the whole auction process. Whether the property is being sold through a live auction at the courthouse or through an online auction process, Chronos maintains close contact with the bidders through RealtyBid.Appraisals creep higher as Brexit continues to impact volume
Appraisal volume, while small, still increased for the week of July 17, as the impact from Brexit continues to filter through the systems. However, according to Kevin Golden, director of analytics with a la mode, the impact won't last much longer.CoreLogic revenue explodes thanks to growing property valuation business
Thanks in large part to its growing property valuation business, CoreLogic saw a huge jump in revenue during the second quarter, the company reported Monday afternoon. And the company plans to grab even more valuation services market share moving forward, thanks to a "highly fragmented and challenged market space."