We’ll discuss the recent trends in the Southern California housing market as well as the Los Angeles housing market. Following the impact of the pandemic, which temporarily stalled the market, we saw the first signs of recovery in property sales
Are consistently error-free closings within reach for lenders?
Largely driven by record-low mortgage rates, lending volume surpassed everyone’s expectations in the past year. But as lenders scrambled to keep up with demand, closing errors naturally crept in. In the wake of this unparalleled volume, companies across the housing
US home prices hit record level (again)
July marked the fourth consecutive month in which the growth rate of home prices set a record, according to the latest S&P CoreLogic Case-Shiller National Home Price Index Report released on Tuesday. The index showed a 19.7% annual gain for
Housing Market Crash: Forecasts | Prices | Demand 2021-2022
Mortgage rates at record lows and a scarcity of inventory are keeping the US housing market robust in terms of demand. While affordability concerns continue to rise, low mortgage rates, rising savings, and a stronger job market all work together
Las Vegas Housing Market: Prices | Trends | Forecast 2021-2022
The Las Vegas housing market is on fire. Sales of single-family homes are up from last year, and prices are reaching new highs. Month after month, inventory is depleting and cannot keep up with demand. People continue to flock to
How Much Should I Spend on a House? 4 Steps to Follow
Shopping for a mortgage, you might encounter lenders who pre-qualify you for a higher loan amount than you expected. Many lenders work with standard debt-to-income ratio calculations which don’t take into account other costs of home ownership. If you take
Atlanta Real Estate Market: Prices | Trends | Forecast 2021-2022
This article has been updated to reflect the latest trends in the Atlanta real estate market in 2021. Metro Atlanta housing market has experienced a smooth recovery by far. Despite unemployment and uncertainty, the greater Atlanta residential real estate market
HW+ Member Spotlight: Lisa Dunn
Lisa Dunn, partner/owner at LAUREL Real Estate Resources Continuing our new HW+ member spotlight series, we’re featuring Lisa Dunn, partner/owner at LAUREL Real Estate Resources. She specializes in residential real estate throughout Orange County, California, and is currently celebrating over 25
Scottsdale Housing Market: Prices | Trends | Forecast 2021-2022
The Scottsdale housing market is dealing with high demand and low supply. Sellers are well aware that they can command a premium for their homes because demand is the craziest it’s ever been. According to local Realtors, the Scottsdale housing
Mortgage rates continue to idle at 2.88%
The average 30-year-fixed mortgage rose, ever so slightly, to 2.88% for the week ending Sept. 23, according to Freddie Mac‘s latest PMMS survey. Mortgage rates have been roughly flat for months now. “The slowdown in economic growth around the world
Are remote appraisals here to stay?
Appraisers have experienced many challenges in the last couple of years. From juggling high volume demand for appraisals in the middle of a pandemic, appraisers had to radically change their processes. Most took these challenges in stride and adopted innovative
Clear Capital acquires Finnish digital floor plan firm
Appraisal management company Clear Capital is looking to beef up tech tools for its network of appraisers, and it is doing so through an acquisition. The Reno, Nevada-based company just closed on the acquisition of Finnish proptech startup CubiCasa this
St. Louis Real Estate Market: Prices | Trends | Forecast 2021-2022
The St. Louis real estate market is hot. Homes are selling fast because inventory is low, creating a banner selling season for homeowners looking to move. While St. Louis real estate market remains more affordable than in many other metro
Stellar MLS to launch new agent platform
The nation’s third largest MLS, with over 70,000 agents in Florida and Puerto Rico, Stellar MLS announced Tuesday that it is partnering with Remine and MoxiWorks to launch a new platform for real estate professionals. Stellar MLS currently offers members
Ex-loanDepot COO: Tony Hsieh cut corners to boost volume
A former executive at loanDepot dropped a bombshell on the mortgage industry late Wednesday, alleging in a lawsuit that the California-based nonbank lender, in a ploy to drum up money during the refi boom and in preparation for its initial
Homeowners gain $2.9 trillion in equity in Q2 2021
Homeowners with mortgages gained $2.9 trillion in equity in the second quarter of 2021, a 29.3% year-over-year increase, according to a new report by CoreLogic released Wednesday. This marks an average gain of $51,500(!) per borrower since the second quarter
Spokane Housing Market: Prices | Trends | Forecast 2021-2022
Spokane has been one of the hottest real estate markets in the country for many years. Home prices in the Spokane real estate market are expected to rise at a steady pace in 2021 & 2022. There is a high
Appraisal Subcommittee hosts tense discussion on bias
An Appraisal Subcommittee roundtable discussion about bias in appraisals struck a nerve with attendees of the virtual summit, many of them appraisal professionals. Department of Housing and Urban Development Sec. Marcia Fudge, who headlined the event, gave a short presentation
How brokers can help today’s unique borrower
The average borrower has drastically changed throughout the years. Today, more borrowers are self-employed, work remotely and have multiple streams of income. For brokers, working with these borrowers can be complicated because they require unique processes. HousingWire recently spoke with
Houston Real Estate Market: Prices | Trends | Forecast 2021-2022
We will discuss the latest Houston housing market trends. After a 13-month run of positive sales volume in the Houston housing market was abruptly ended in July, August saw a return to increased sales volume. Single-family home sales and total property sales
Existing home sales pop the 2021 housing bubble boys
The National Association of Realtors reported existing home sales for August came in at a very tiny beat of estimates at 5,880,000. Now that we are a few days away from October, we can again say that the housing bubble
Fall Chores We SHOULD Do
Responsible Adulting. Our list of chores are never done. But now that people are putting up their Halloween decorations, picking apples, and making holiday plans, it’s also time to face some fall chores. Wait, don’t go! I know no one likes doing this stuff, but some of it’s really important, and you can reward yourself with […]
Renter market picks up in suburbs
American suburbs surrounding the nation’s 50 largest metropolitan areas gained a total of 4.7 million new residents since 2010, with 3.7 million of them renters, according to a report by nationwide apartment search website RENTCafé on U.S. Census Bureau data.
Senate to advance Biden’s pick for CFPB
Eight months after President Joe Biden tapped Rohit Chopra to lead the Consumer Financial Protection Bureau (CFPB), Sen. Majority Leader Chuck Schumer said he is ready to bring the nomination to the Senate floor for a vote. The Senate Cloakroom