Here’s a batch of articles we found this past week that piqued our interest, including tighter restrictions coming for mortgages, two potential new data tools and one agent’s view on real estate competition.
Freddie Mac to Restrict 1% Down Mortgages RealtorMag
Mortgage financier Freddie Mac will tighten restrictions on low down payment mortgages by raising the minimum borrowers can contribute to their home’s purchase price from 1 to 3 percent. The change is expected to go into effect this fall.
A Pro Active Data Partner REAL Trends
Offrs.com is one of several platforms looking to use big data to decipher the complete picture of who a potential customer is and what s/he want. The tool the company developed, when measured against actual sales in a test market, calculated a 70 percent accuracy rate over a 12-month period.
Ben Kinney, the owner of several Keller Williams brokerages, has purchased the platform behind Facebook Messanger that could lead to artificial intelligence technology becoming part of the real estate industry.
Selling a mobile – or manufactured – home isn’t the same as selling a traditional home. Author Audrey Ference looks at different factors to consider, including different loan options and whether the current owner also owns the land.
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