The most recent pending home sales report that soundly beat estimates after a downtrend in the previous months caused some serious head-scratching. Pending home sales were up a healthy 8% from April and just over 13% compared to the same
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DOJ withdraws from settlement with NAR
The U.S. Department of Justice (DOJ) has fully walked back a settlement agreement it reached with the National Association of Realtors (NAR) in the waning months of the Trump administration regarding anti-trust claims, the agency announced Thursday. In a statement,
First American acquires Texas’ Georgetown Title
Title insurance provider First American Financial Corporation announced the acquisition of Texas-based Georgetown Title, a company with roots planted in the Lone Star State over 125 years ago. Georgetown Title will become part of the direct operations of First American’s largest
June jobs report is great news for the housing market
Hiring in the U.S. picked up steam in June, as employers added 850,000 jobs amid declining COVID-19 cases and a reopening economy, the Bureau of Labor Statistics reported on Friday. After a lackluster April and May, June’s employment gains totaled 100,000 more
How can servicers best help borrowers as they exit forbearance?
With the forbearance moratorium expiring at the end of July and the CFPB’s new foreclosure rule taking effect in August, servicers have a lot to consider when working with borrowers on forbearance exits and loss mitigation strategies. HousingWire recently spoke
Real estate brokerages: Tech won’t ruin us
“The thing we need in real estate is more buzzwords about tech,” deadpanned Craig McClelland, vice-president and chief operating officer of BHGRE Metro Brokers in Atlanta. So began one of the more compelling panels at RealTrends’ “Gathering of Eagles” conference
What renovations will add value to my home?
We all love the feeling of a refreshed, renovated home, and being able to enjoy it instills a sense of pride in its owner. That’s partly why people are spending significant time, energy and money on home renovation projects these
Presenting HousingWire’s 2021 Marketing Leaders
If there’s one common characteristic that HousingWire saw the brightest marketing leaders and minds in the housing industry wield last year, it was being agile. When the world shifted to work from home, marketers stepped in with new messaging and
Northerners are snapping up houses in Savannah
The beauty and lore of Savannah, Georgia is familiar to most Americans — even if they don’t know it. Savannah, with its lush trees and at-home hospitality, was the principle filming location for the 1994 Academy Award-winning movie “Forrest Gump.”
Mortgage rates dip back down to 2.98%
The average 30-year fixed-rate mortgage fell four basis points from the week prior to 2.98%, according to data released Thursday by Freddie Mac‘s PMMS. Within the past almost three months, mortgage rates have only peaked above 3% one time. “Economic growth remains steady
Black Americans still face massive housing barriers
Black Americans continue to face greater financial and generational barriers to homeownership than white Americans, with a recent study finding that only 45.1% of Black Americans bought or own their home as of the first quarter of 2021 — against
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Young Adults Who Saved Money During the Pandemic Likely to Put It Toward a Down Payment
Zillow survey finds more than one-quarter of Gen Zers and millennials say their housing decisions are impacted by social media influencers and celebrities Go to Source Author:
FHFA won’t give servicers break on CFPB rule
The Federal Housing Finance Agency (FHFA) is requiring Fannie Mae and Freddie Mac servicers to follow the Consumer Financial Protection Bureau’s (CFPB) new foreclosure rule a full month before it goes into effect. The move clarifies how servicers should approach
Are higher-risk homes cheaper?
The threat of natural hazard risk in United States is on the rise. According to the National Centers for Environmental Information, there were 22 weather and climate disasters in 2020 which cost over $1 billion. This is nearly 150% more
Housing inventory is about to get better — here’s why
With the July 4th weekend nearly upon us, it’s time to reflect all that we have been through in the past year and how, as a country, we have overcome so many daunting obstacles, including what we have been through
Case-Shiller: April home price increase ‘truly extraordinary’
Home prices in April saw an annual gain of 14.6% in April — up from a 13.3% increase in March, per the latest S&P CoreLogic Case-Shiller National Home Price Index. Craig Lazzara, managing director and global head of index investment
