Riddle me this: How can home sales grow when we have no homes to buy? When a monthly home sales print fails to meet expectations the excuse often used is that inventory is too low to meet the demand. But
No housing market slowdown as real estate agents report a busy fall
Realtors can usually count on their biggest season being spring, followed by summer. But nothing about 2020 has been normal, including home-buying patterns. With shut-down orders in the spring, summer became the new home-buying season. However, homebuyers were still incredibly
UWM to knock 50 bps off VA IRRRL loans
United Wholesale Mortgage (UWM) announced on Wednesday that it would offer a 50 bps discount on all VA interest rate reduction refinance loans (IRRRL) through Veterans Day on Nov. 11. The company, which is the nation’s largest wholesale lender and
ALTA ONE to address changing times for title professionals
The American Land Title Association, which represents more than 6,400 title insurance companies, title and settlement agents, independent abstractors, title searchers and real estate attorneys, announced it will hold its ALTA ONE event virtually for the first time. The association
Stewart Title hits growth spurt with recent addition of 600 employees
HousingWire spoke to Stewart Title CEO Fred Eppinger about the company’s new focus on growth, recent strategic moves and how it’s reframing the way it does business. HousingWire: What inspired the current brand refresh for Stewart? Fred Eppinger: Stewart was
Jornaya’s Mike Eshelman to speak at HousingWire Annual Oct. 8
Consumer attitudes have changed significantly since the onset of the pandemic, and companies that are dealing with outdated perspectives — anything before March — are going to find it hard to connect. That’s why we’ve invited Mike Eshelman, head of consumer finance
Federal regulators finalize appraisal and capital liquidity rules
The Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency finalized two rules on Tuesday that were initiated in the early days of the COVID-19 pandemic. These
New Forecast Sees Sales Peak This Fall, Stay Above Pre-Pandemic Levels Through the Coming Year
This Zillow Weekly Market Report includes a forecast by Zillow economists and housing market data through the week ending Sept. 19 Go to Source Author:
Home-price index gains the most since 2018
The S&P CoreLogic Case-Shiller index of home prices in 20 U.S. cities gained 3.9% in July from a year ago, the biggest advance since 2018, as rock-bottom mortgage rates made it possible for people to bid higher for properties. The
Making every loan a green loan
In August, a group of distinguished climate scientists from the United Kingdom released a report indicating that over 28 trillion tons of ice had melted and disappeared from the earth’s surface since 1994. This is important because it reinforced predictions
Strong Home Prices Expected to Continue Through at Least 2021, But Economic Uncertainty is Clouding Long-Term Outlook
Housing experts and economists have grown more bullish on the housing market in the near term, but expect economic headwinds to persist, dampening the long-term outlook, a new survey shows Go to Source Author:
Startup profile: Arturo
Taken from the September issue of HousingWire Magazine, Arturo is an artificial intelligence property analytics company looking to improve decision making. The company launched in 2018 and has already expanded to the U.S., Canada, Australia and New Zealand, with expansion
Consumer confidence posts biggest surge in 17 years
Consumer confidence, a key measure in gauging whether people are willing to make big-ticket purchases like homes, surged the most in more than 17 years during September, surpassing the expectations of economists. The gauge rose to 101.8, the highest level
San Francisco Bay Area Real Estate Market Overview 2020
This article has been updated to reflect recent changes in the San Francisco housing market. San Francisco consistently ranks among the most expensive real estate markets in the world, and it is one of the most densely populated cities in
Home Values Soar Even Higher In August As Inventory Tightens
Competition among buyers drove rapid sales and pushed values up while the rental market softened Go to Source Author:
Refi Sugar High: How to balance your lending diet
As the Fed pulls out all the stops to stimulate economic activity, mortgage rates have reached record lows. In light of rampant uncertainty and economic hardship, homeowners are leaping at the opportunity to save thousands in annual payments, and the
College-Area Rents Are Falling Behind as Schools Move Online
The rental market has softened across the country during the coronavirus pandemic, and especially so in college neighborhoods Go to Source Author:
Brokerage uses VR to get consumers inside houses that haven’t been built yet
Urban District Realty, a Washington, D.C.-based brokerage, announced last week the launch of its custom real estate listing system, PROJETO. This system uses virtual reality technology which allows clients to be put in a virtual representation of a property that
New home sales hot but not bubbly
The recent new home sales data is at levels last seen in 2006, with monthly supply back down to the low levels seen the last time new home sales data was really strong. For the first time in more than
California expands oversight of consumer protection watchdog
With the official passage of the California Consumer Protection law on Friday, California’s Department of Business Oversight will be renamed the California Department of Financial Protection and Innovation and given expanded powers. The state legislature says the move will increase
Mnuchin’s oversight panel endorses Calabria’s GSE plan
A year ago, Treasury Secretary Steven Mnuchin and Federal Housing Finance Agency Director Mark Calabria released the Trump administration’s so-called blueprint to re-privatize mortgage giants Fannie Mae and Freddie Mac with the biggest stock offering in history. Calabria has stuck
Cannae, Senator send letter boosting CoreLogic bid
Cannae Holdings and Senator Investment Group sent a letter to CoreLogic shareholders on Friday urging them to vote for nine new board members to support their unsolicited buyout bid. “One need look no further than the 40+% rise in the
As UWM attempts to build an empire, brokers and rivals weigh in on Mat Ishbia’s $16B plan
A year ago, long before anyone talked about a coronavirus, Rocket Companies‘ stock performance, or the curious acronym S-P-A-C, Mat Ishbia had set his plan in motion. Ishbia’s company, United Wholesale Mortgage, had by that point climbed the ranks to
10 Cute Homes For Sale Under the National Median Price of $328.4K
When you think about a cute home, you might imagine a small and cozy cabin perched on the side of a river, or maybe you picture a modern condo with a quaint patio overlooking the city. We view cute homes
