From the West Coast to the East Coast and down to the South, we’ve scoured the real estate market for beautiful homes for sale under $500K. Across the country, we’ve found an array of unique homes whether you like craftsman
What would it take to see mortgage rates go below 2% on a 30-year fixed?
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
Proper raises $4.8 million to become the ‘Uber of property accounting’
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
Coldwell Banker welcomes new brokerages as part of Inclusive Ownership program
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
Forbearance rate falls to the lowest level since April
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
Driven by low inventory, median U.S. home price reaches record high in July
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
Now is the time to double down on diversity and inclusion efforts
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
Anticipating the next wave of homeowner education
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
Black Applicants Are Far More Likely to be Denied a Mortgage, Limiting Opportunity to Live ‘The American Dream’
Despite recent growth in Black homeownership rates, Black homeowners still face many challenges and sacrifices when trying to secure their dream home. Go to Source Author:
Zillow Offers resumes buying houses in all operating markets
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 partners with Freddie Mac for uniform counseling data
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
A new kind of event for the fall: HousingWire Annual
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.
Fed official says lock down now or see sluggish recovery
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.
CLPHA and others voice opposition to elimination of AFFH rule and reject its new substitute
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
Late-July Home Sale Prices Up 11%, Largest Annual Increase Since 2014
Key takeaways for the 4-week period ending July 26: Pending home sales were up 12% year over year, an increase from the 7% year over year gains we reported for the period ending July 12. 30-year mortgage rates have hovered
San Antonio Real Estate Market & Investment Overview 2020
Let’s take a look at the current state of the San Antonio real estate market amid the coronavirus pandemic. Then we’ll discuss the investment opportunities in San Antonio for real estate investors. San Antonio is one of the best places to visit and
Urban Rent Slowdown May Signal Renters are Edging Toward the Suburbs
Suburban rents have been more resilient than rents in urban areas during the coronavirus pandemic Go to Source Author:
Julian Castro on Trump’s AFFH tweet: “It’s a naked ploy to drum up racial fears and white resentment”
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
HousingWire Magazine: August 2020
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
How a pragmatic approach to eClosings helps lenders succeed during COVID-19 and beyond
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
Zillow announces employees can work from home indefinitely
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
Here’s what housing professionals can use as a roadmap amid economic uncertainty
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,
UWM now offering 15-year fixed mortgage rates as low as 1.875%
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
Mortgage forbearance rate drops to a three-month low
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