Last week, we published a story about United Wholesale Mortgage (UWM) offering 15-year fixed mortgage rates as low as 1.875% for purchases and refinances. The article drew mixed reactions, with some calling the announcement a “nice PR move” that doesn’t
eXp Realty reports 33% revenue growth for Q2
eXp World Holdings, the parent company of eXp Realty, said its profit soared to a record in the second quarter as the dollar-volume of transactions rose 26% from a year earlier to $13 billion. The company reported net income of
Survey: 25% of Homebuyers Are Moving—Or Moving Sooner Than Planned—Because of the Pandemic
Low mortgage rates, spending more time at home and working from home are driving forces for people moving due to the coronavirus pandemic. Three-quarters of homebuyers say the coronavirus pandemic has impacted their homebuying plans, according to a survey of
The Ultimate Guide to Relocating During COVID-19
So, you’ve decided to take an exciting new step in your life and relocate to a new town or even a different state. You may be feeling stressed and overwhelmed with all the scheduling, packing, and expenses that go into
Housing Market 2020 Forecast: Will It Crash or Recover?
Here are the updated national housing market trends—home prices, inventory, sales, and forecast. If you’re wondering what the state of the housing market 2020 will be like over the next twelve months, especially if you’re an investor, then here is
Missed Rent Payments May Balloon as Boosted Aid Expires, Holding Potential for Deep Scars in the Rental Market
More than half of rent payments on a typical unit go toward landlords’ fixed costs Go to Source Author:
Surging mortgage volume puts pressure on appraisal turn times
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, on Biden’s VP shortlist, was Obama’s national security advisor
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
Mortgage applications drop 5.1% despite record low rates
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
Meteor Shower in Your Backyard
Meteor Shower in Your Own BackyardNo matter where you live, the 2020 Perseid meteor shower will probably produce the greatest number of meteors on the mornings of August 11, 12 and 13.If you find yourself needing a backyard to star gaze, we have the tools available to help you in your search. Maybe you’re wishing […]
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10 Beautiful Homes for Sale Under $500K Right Now
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
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
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
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