Equity release — a class of financial products that involve unlocking home equity and converting it into cash flow — currently has global annual volume of roughly $17 billion. This class includes reverse mortgage products in the U.S., the United Kingdom and elsewhere, but a European equity release authority projects that volume will more than triple over the next 10 years. By 2035, annual global...
Few events in recent real estate history have rattled the industry more than the antitrust lawsuits filed against major brokerages and the National Association of Realtors (NAR), accusing them of artificially inflating agent commission rates. NAR settled the Sitzer-Burnett case for $418 million and agreed to rules that the plaintiffs believed would help bring down commission rates — primarily by...
Rachel Gustafson serves as a certified financial planner with the Financial Investment Team, a firm based in Portland, Oregon. Over the course of a 12-year career in the field, she has a specialty for helping her clients figure out the best and most efficient ways to retire. When reverse mortgages first showed up on her radar, she found herself with a natural aversion to them, according to an interview...
Birmingham, Michigan-based brokerage @properties REMI Christie’s International Real Estate is opening its 10th office in the state in July by expanding into the lakeside resort town of Traverse City. The brokerage was launched in 2021 by Detroit-area natives Eric Walstrom and Alex Irrer, and it has grown from an initial operation of two offices. Leading the new Traverse City office is longtime...
Class Valuation has launched a new appraisal review product designed to bring greater clarity and oversight to residential valuations. The new tool, Class Valuation Analysis (CVA), offers licensed appraiser-led reviews of existing appraisal reports by incorporating automated valuation model (AVM) technology. “In today’s market, uncertainty is expensive, and lenders can’t afford to...
As we all learn more about the importance of protecting wildlife habitats in our outdoor spaces, we’re becoming increasingly aware of the need to build biodiversity and to restore and replenish the soil. This is often referred to as regenerative gardening. Here, landscape professionals...
Do your due diligence before hiring your contractor. Price should not be the only factor when making the final decision on who will build your dream home. Your home is where you spend most of your time, and you don’t want poor-quality construction details staring you in the face, day after day....
Image Analysts say fundamentals are likely to start rebalancing by the end of the...
Image CEO Mark Allan sees a recovery in transaction activity this year and into...
Image Tom Fisher described how market volatility, technology adoption, and urban demand trends are shaping Pebblebrook’s investment...
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