Author: Michael Gersitz

Just as it has for every other industry in the country, the COVID-19 pandemic has impacted the U.S. housing market in unexpected ways since March. In this case, record low interest rates and spikes in mortgage applications have created a

Susan Rice, the former national security adviser to President Barack Obama, has extensive White House experience yet has never been elected to office. That may be a key reason she’s on the shortlist to be former Vice President Joe Biden’s

Despite historically low rates, mortgage applications fell 5.1% last week, according to a survey from the Mortgage Bankers Association. The refinance index fell 7% from one week earlier, however, remained 84% higher than the same week a year ago when

Three brokerages have joined Coldwell Banker as a part of its new Inclusive Ownership program. Coldwell Banker Omni Group in Santa Ana, California, owned by Tina Marie and Rich Hernandez; Coldwell Banker Action Holdings in Grand Island, Nebraska, owned by

Since 2015, my forecasting models have predicted the 10-year Treasury yield would stay in the range of 1.60% to -3%. Tangential to this, the next recession treasury yields, and thus mortgage rates, would fall because lower growth would drive yields

This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. Stay tuned for updates. Proper, an AI-powered accounting and bookkeeping service for the multifamily industry, announced Wednesday it has raised $4.8

The U.S. mortgage forbearance rate fell to 7.67% in the last week of July, the lowest in three months, down from 7.74% a week earlier, according to a Mortgage Bankers Association report on Monday. The share of Fannie Mae and

The national average median home price reached a new high in July due to low inventory and pent-up demand. According to realtor.com‘s Housing Recovery Index, the new median price is $349,000, with listing price growth increasing $27,000 or 8.5% year

In the wake of the recent calls for racial justice and the Supreme Court ruling that protects workers from being discriminated against based on their sexual orientation or gender, diversity and inclusion is top of mind for many individuals and

Since the coronavirus pandemic began earlier this year, the housing ecosystem has been overwhelmed by the influx of forbearances in response to stay-at-home orders and unemployment rates. The number of homeowners seeking information on relief skyrocketed. According to MBA’s Weekly

Since pausing all iBuying services in March due to COVID-19, Zillow Offers has now resumed in all of its operating markets. As of Tuesday, home sellers in Las Vegas, South Florida, the Tampa Bay Region and Houston have the option

Housing Action Illinois announced on Monday its collaboration with Freddie Mac on the creation of a uniform data standard for the housing counseling industry. The new uniform data set will affect more than 1,600 HUD-approved housing counseling agencies and will

Last year at this time we were all blissfully unaware of what 2020 held in store. At HousingWire, we were busy covering the impact of the trade war with China on interest rates and the resulting jump in refi activity.

A member of the Federal Reserve’s rate-setting Federal Open Market Committee said on Sunday that the only way to secure a robust economic recovery is to lock down the country again and reopen with a focus on testing and tracing.

In a joint letter on Monday addressed to Department of Housing and Urban Development Secretary Ben Carson, the Council of Large Public Housing Authorities and its counsel Reno and Cavanaugh expressed opposition to the the actions of the Trump administration