The Mortgage Collaborative, the top co-op for mortgage companies, hosted its biannual conference in Nashville last week with more than 150 companies attending the event. Last year, the leading topic of discussion was the regulatory environment while this year it was all about technology and online security. Blend, Inc. a developer of consumer facing technology was there, hot off their recent $100M round of financing. Two of the biggest challenges for mortgage companies are where to place their next bets on technology and what to do with America’s changing demographics. BTW- the conference took a break on Monday for everyone to view the eclipse. Nashville was one of the few major cities where a total eclipse was visible. Unfortunately, when the big moment was about to occur, a giant cloud moved in front of the sun, blocking a clear view of the rare natural phenomenon for the 400,000 spectators who had come to Nashville from around the world. Oh well…
It has been long understood that a nation of stakeholders makes for a strong union, and for that reason, closing the minority homeownership gap has been a goal and a topic of discussion for decades.
Between 2008 and 2012, more than six million people lost their homes to foreclosure, property values lost almost 40%, and non-distressed home sales fell to all-time lows. It was, without question, the worst real estate market since the great depression. Not surprisingly, the historic dip in the market was followed by a decade-long bull market, the likes of which we have never seen before. Residential real estate is a cyclical market. The...
There is a saying that goes “when the tide rolls back, you can see who is swimming naked”. When the market is strong, it covers a lot of weaknesses. With interest rates moving up, inflation on the rise, and the economy heading towards a possible recession, we’ll find out soon how solid the foundation of the real estate market has been, and more importantly, which companies and agents have built a strong, recession-proof business.