Author: Michael Gersitz

Zillow Offers, the iBuying arm of Zillow Group, has cut approximately 80 jobs in a realignment, the company confirmed to HousingWire. The affected employees were informed earlier this month. The cuts included mostly field positions and a few back-end control

Today the National Association of Realtors reported pending home sales are up 20.5% year over year — and that is the only headline that you should care about. This is one more data point showing that housing data has gone

On the day that the Dow Jones Industrial Average dropped 943 points, Caliber Home Loans made the decision to delay its initial public offering (IPO). And AmeriHome has reportedly done the same. “Caliber will continue to evaluate the timing for

The average U.S. mortgage rate for a 30-year fixed loan remained steady this week, gaining one basis point to 2.81%, Freddie Mac said in a report on Thursday. The average fixed rate for a 15-year mortgage was 2.32%, falling from last week’s 2.33%. After

Fannie Mae reported a net income of $4.2 billion in the third quarter of 2020, up from its net income of $2.5 billion in the second quarter of this year. In the second quarter, Fannie Mae’s earnings fell 26% as

After months of fending off an unsolicited takeover bid by two of its significant investors, CoreLogic today confirmed that it is looking for a buyer. “In light of recent market speculation, CoreLogic today confirmed it is engaging with third parties

Hesitant home sellers could be one reason there is such low housing inventory, according to a report from Zillow. Thirty-four percent of would-be home sellers said they are staying out of the market due to the uncertainty caused by COVID-19.

Millennials have not had the best luck when it comes to the economy. As the generation that graduated with record amounts of student loan debt and a poor job market, it’s no surprise that they have also been hit the

Tomo Networks, a Connecticut-based digital mortgage startup, just picked up $40 million in a seed round as it mobilizes to build a compelling product in an increasingly crowded market.  Founded by ex-Zillow executives Carey Armstrong and Greg Schwartz, Tomo says

After two weeks of slight declines, mortgage applications regained their footing last week, rising 1.7% from the week prior, according to a report from the Mortgage Bankers Association. The refinance index led the rebound after it gained 3% from the previous

Gen Zers are finally starting to break into the housing market. According to TransUnion, Gen Z mortgage originations jumped 84% at the end of last year, and if recent survey data from Freddie Mac rings true, those numbers should grow

This year’s housing market has been plagued with low inventory, rising home prices, and endless bidding wars, making it hard for some would-be homeowners to get their foot in the door. Will 2021 be any different? Or, will it be

The real estate market is hot right now, and bidding wars are the norm in many parts of the country. For buyers, that means more competition — as well as less leverage in negotiations. It’s just one of the many

Lots of young homebuyers seek financial help when securing their dream homes.  In fact, according to a recent study, more than half of prospective homeowners under age 35 expect to get help from family or friends. And of those who

Credit plays a huge role in the home-buying process. It also affects the interest rate you receive on your loan, as well as the long-term costs of borrowing the money. So if you have a low credit score or no credit