Blend’s mortgage tech attracts $100M funding round

Blend, a Silicon Valley-based technology company that seeks to make the lending process for buyers and lenders faster and more straightforward, has raised $100M in Series D funding ...

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Foreign Investment in U.S. Jumps 49 Percent to Record $153 Billion

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The following information is provided by the Center for REALTOR® Development (CRD) . If you’re already involved in global real estate, here’s reason to celebrate: Foreign investment in residential U.S. real estate has skyrocketed up to $153 billion, according to the 2017 Profile of International Activity in U.S. Residential Real Estate . The new survey high indicates that despite political and economic uncertainty both here and abroad, the United States is still a safe and secure place to live, work and invest. While China is still the top buyer of U.S. residential real estate, Canada accounted for the most growth in the past year, from $8.9 billion in 2016 to $19 billion in 2017. Key takeaways from the report: Sales Dollar Volume :$153.0 billion – up 49 percent from 2016 ($102.6 billion); all-time survey high (since 2009) Total Transactions :284,455 – up 32 percent from 2016 (208,947) Top Countries:  China ($31.7 billion), Canada ($19.0 billion), U.K. ($9.5 billion), Mexico...
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Economy to Weather Turbulence in Second Half of Year

Analysts anticipate the economy will weather turbulence expected in the second half of the year, according to Fannie Mae’s Economic & Strategic Research (ESR) Group’s recently released Economic and Housing Outlook for August 2017. The Outlook maintains the economy will grow 2.0 percent over the course of the year, even with possible setbacks on the horizon. “We are keeping our full-year economic growth outlook at 2.0 percent, as risks to our forecast are roughly balanced,” says Doug Duncan, chief economist at Fannie Mae. “On the upside, consumer spending growth might not moderate as much as we have accounted for in our forecast. A build-up in inventory also should be positive for growth this quarter and nonresidential investment in structures will likely continue to improve as oil prices stabilize. In addition, the decline in the dollar and a pick-up in global growth should support manufacturing and exports, although the outlook for the trade sector is clouded by uncertainty surro...
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