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Bright MLS, Homesnap create multi-listing platform
News 5 months ago
Bright MLS, Homesnap create multi-listing platform
Source HousingWire

Multiple listing service Bright MLS and home search portal Homesnap announced the launch of a multichannel digital marketing product for members of...

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Freddie Mac: Mortgage rates tick up slightly to 3.58%
News 5 months ago
Freddie Mac: Mortgage rates tick up slightly to 3.58%
Source HousingWire

Although the average U. S. rate for a 30-year fixed mortgage rose this week, the rate still managed to hover near last week's 3-year low, according...

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Want to capture Gen Z homebuyers? Partnering with a mortgage broker can help
News 5 months ago
Want to capture Gen Z homebuyers? Partnering with a mortgage broker can help
Source HousingWire

The oldest members of Generation Z are barely in their 20s, but many are already planning for a future as homeowners. Of the prospective homebuyers...

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July’s decline in pending home sales proves the nation needs more housing inventory
News 5 months ago
July’s decline in pending home sales proves the nation needs more housing inventory
Source HousingWire

The nation's lack of housing inventory led to a decrease in pending home sales in July, pushing the index down 2.5%, according to the National...

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Opendoor is now a mortgage lender, launches Opendoor Home Loans
News 5 months ago
Opendoor is now a mortgage lender, launches Opendoor Home Loans
Source HousingWire

Two years after dipping its toes into mortgage lending as part of an effort to make it easier for homebuyers to buy homes from the company, direct...

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Amazon sells out of $105,000 three-bedroom houses
News 5 months ago
Amazon sells out of $105,000 three-bedroom houses
Source HousingWire

If you were planning on getting the $105,000 three-bedroom home Amazon started selling in recent months, you're too late. It's sold out. "We don't...

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Lenders are making more money on mortgages than they have in nearly three years
News 5 months ago
Lenders are making more money on mortgages than they have in nearly three years
Source HousingWire

Lenders reported making a profit on mortgages in the second quarter. In fact, according to a report released Thursday by the Mortgage Bankers...

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Redfin is now publishing real estate agent commissions on listings
News 5 months ago
Redfin is now publishing real estate agent commissions on listings
Source HousingWire

A new study from Redfin showed that more than half of recent homebuyers don't totally understand how their real estate agent gets paid, so the...

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Millennials would pay 4 times more than Boomers for ability to choose neighbors
News 5 months ago
Millennials would pay 4 times more than Boomers for ability to choose neighbors
Source HousingWire

The options are endless when purchasing or renting a home. Homebuyers and renters alike have their pick of locations, floorplans and price ranges,...

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Want to know how your mortgage company ranks against the competition?
News 5 months ago
Want to know how your mortgage company ranks against the competition?
Source HousingWire

In any industry, it's hard to win if you don't know what your competition is doing. Traditionally, lenders have relied upon just a few very limited...

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First American says consumer house-buying power is highest its been in nearly two decades
News 5 months ago
First American says consumer house-buying power is highest its been in nearly two decades
Source HousingWire

In June, home prices fell 2.2%, declining 4.6% year over year, according to First American's Real House Price Index. According to First American's...

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Homeowner
News 5 months ago
Homeowner "tappable equity" reaches an all-time high of $6.3 trillion
Source HousingWire

Tappable equity reached an all-time high of $6.3 trillion in the second quarter as home-price gains made real estate more valuable. The amount of...

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Growing real estate startup Reali expanding again, launches home trade-in program
News 5 months ago
Growing real estate startup Reali expanding again, launches home trade-in program
Source HousingWire

Reali, a real estate startup that operates in California, has been quickly expanding for the last few years, and it looks like the company has no...

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How rate sensitive are borrowers? Slight uptick in interest rates leads to decline in mortgage applications
News 5 months ago
How rate sensitive are borrowers? Slight uptick in interest rates leads to decline in mortgage applications
Source HousingWire

Are mortgage borrowers sensitive to small movements in interest rates? Recent data shows that refinances are on the rise thanks to the low interest...

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PMI gains as fewer first-time homebuyers use FHA
News 5 months ago
PMI gains as fewer first-time homebuyers use FHA
Source HousingWire

The share of first-time homebuyers using conventional mortgages that require private mortgage insurance, or PMI, to compensate for low down...

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Maybe low rates aren’t a panacea? Fitch throws cold water on presumed mortgage lending boom
News 5 months ago
Maybe low rates aren’t a panacea? Fitch throws cold water on presumed mortgage lending boom
Source HousingWire

With mortgage rates holding steady near three-year lows for several weeks, some observers began suggesting that there could be a surge in mortgage...

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Here are the best markets for real estate
News 5 months ago
Here are the best markets for real estate
Source HousingWire

Which cities are the best real estate markets and which are the worst? If you're a real estate agent, real estate investor, homeowner, homebuyer,...

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More than half of Baby Boomers say they want to stay in their houses after they retire
News 5 months ago
More than half of Baby Boomers say they want to stay in their houses after they retire
Source HousingWire

Even as Millennials enter the homebuying market, many Baby Boomers indicate they plan to stay in their homes throughout their retirements,...

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FICO scores for refi borrowers reach six-year high, Ellie Mae says
News 5 months ago
FICO scores for refi borrowers reach six-year high, Ellie Mae says
Source HousingWire

The average credit score of borrowers who refinanced mortgages in July with loans backed by Fannie Mae and Freddie Mac rose to a six-year high,...

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Moody’s rates new FHA condo guidelines credit positive
News 5 months ago
Moody’s rates new FHA condo guidelines credit positive
Source HousingWire

New condo rules from the Federal Housing Administration could allow for the financing of an additional 60,000 condo loans each year. Currently, of...

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Realtor.com: Recession won't create
News 5 months ago
Realtor.com: Recession won't create "fire sale" for housing
Source HousingWire

A recession is coming. The only question is when. The current expansion, which turned 10 years old last month, is already twice as long as the...

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New home sales fell in July, but there's a silver lining in the clouds
News 5 months ago
New home sales fell in July, but there's a silver lining in the clouds
Source HousingWire

Sales of new homes decreased to an annualized rate of 635,000 in July, according to the Census Bureau and the Department of Housing and Urban...

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Here's how swimming pools can impact the cost of rent
News 5 months ago
Here's how swimming pools can impact the cost of rent
Source HousingWire

When looking for a new apartment, expect to pay more if the complex has a pool. For a pool, renters on average pay $70, or 4.7% more for the luxury...

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Appraisals may soon not be required on certain home sales of $400,000 and under
News 5 months ago
Appraisals may soon not be required on certain home sales of $400,000 and under
Source HousingWire

Certain home sales of $400,000 and under may soon not need an appraisal, as federal regulators are close to approving a proposal to increase the...

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Apartment construction is slowing down, even as occupancy reaches an all-time high
News 5 months ago
Apartment construction is slowing down, even as occupancy reaches an all-time high
Source HousingWire

Although multifamily occupancy rates keep climbing, with apartment occupancy rates in July reached the highest level since 2000, multifamily...

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Bronx property is first purchase in unique partnership designed to boost affordable housing
News 5 months ago
Bronx property is first purchase in unique partnership designed to boost affordable housing
Source HousingWire

As part of an effort to increase the supply of affordable housing in New York City, the New York City Department of Housing Preservation and...

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Toll Brothers, the bell that tolls for luxury market
News 5 months ago
Toll Brothers, the bell that tolls for luxury market
Source HousingWire

Toll Brothers, the largest U. S. luxury homebuilder, reported purchase agreements fell 3% nationally in the third quarter from a year earlier, and...

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Freddie Mac: Mortgage rates hit another 3-year low
News 5 months ago
Freddie Mac: Mortgage rates hit another 3-year low
Source HousingWire

The average U. S. rate for a 30-year fixed mortgage fell to another three-year low this week, according to the latest Freddie Mac Primary Mortgage...

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Multifamily borrowing surges 10% in Q2
News 5 months ago
Multifamily borrowing surges 10% in Q2
Source HousingWire

Mortgage originations in commercial and multifamily surged 10% annually in the second quarter, according to the Mortgage Banker Association's...

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Mortgage prepayments jump 58% as refinancings surge
News 5 months ago
Mortgage prepayments jump 58% as refinancings surge
Source HousingWire

Mortgage prepayments jumped 58% in July from a year ago as cheap rates drove refinancings, according to Black Knight. The prepay volume was up 26%...

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