housing wire

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

Many lenders are thinking about digital closings in a way that’s preventing them from achieving the ROI they want. Many have been solely focused on Remote Online Notarization (RON), since RON is seen as the quickest solution to the immediate

Early on, the Trump administration signaled it would target regulations related to the Fair Housing Act for changes, first delaying implementing the Affirmatively Furthering Fair Housing provision of the Act — put in place under President Obama — then proposing

August 2020: The Reveal August 2020 is already one of our most exciting issues of the year because in it, we feature the winners of one of my favorite awards: The Women of Influence. This year, our issue launch is

Mortgage rates for a 15-year fixed currently sit at approximately 2.5%. However, customers of the nation’s second-biggest lender could soon receive an interest rate below 2%. United Wholesale Mortgage announced Friday that it is rolling out a new loan program

The U.S. mortgage forbearance rate dropped to a three-month low of 7.7% this week as more Americans were able to pay their loans on time, Black Knight said in a report on Friday. It was the lowest share of mortgages

Zillow has announced it will allow the majority of its employees to work from home indefinitely. Zillow first closed its offices in March, and said that since then, it has brought on about 500 more employees completely remote. While this

Lenders are working hard to adapt to the current unstable environment, thanks to an ever-shifting market and the ongoing effects of COVID-19 on business and the economy. HousingWire spoke with Paul W. Harris, head of First American’s mortgage analytics business,

Merchants Capital, a mortgage banking company, has named Dwayne George as its executive vice president, national head of production. George has 15 years of experience in multifamily production and management, including most recently as senior director of target affordable housing

On July 16, I published this article in Housing Wire calling on HUD to back away from proposed changes to the disparate impact rule. I was one voice of many from industry and housing who called on HUD to not

On Wednesday, President Donald Trump tweeted about his administration’s actions in abolishing the Obama-era AFFH fair housing rule – a move which we covered on July 23. In his tweet, President Trump wrote (among other things): “I am happy to

On Wednesday, the Census Bureau reported a surprise increase in the homeownership rate, up from 65.3% to 67.9%. This increase challenges the long-standing thesis that college-educated Americans are too broke to own homes due to the financial burden of student

Two real estate giants reported earnings on Thursday, with each telling a very different story around their second-quarter performance. Redfin Corp. on Thursday reported increased revenue and a narrower loss for the second quarter as the company saw a surge

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. JetClosing, a cloud-based digital title and escrow startup, announced this morning that it has raised $9

HousingStack is a real estate technology landscape that provides a dynamic visual of rapid changes in the sector. The HousingStack is exclusively for HW+ members. To join the HW+ community, go here. As we’ve shown in HousingStack, there are a lot of companies focused

Fannie Mae, the largest issuer of single-family mortgage bonds, said its net income fell 26% in the second quarter from a year ago as lending for home purchases slowed in the early months of the pandemic. Net income for the

U.S. GDP contracted a record 32.9% in the second quarter from a year ago, the Commerce Department said on Thursday, while a separate report showed jobless claims rising for the second consecutive week as the COVID-19 pandemic spins out of