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:
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
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
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
People movers: Merchants Capital, Grace Hill, Radian and Walker & Dunlop
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
Condo Prices Down 1.4% in June, Sales Down 31%, But Demand Is Ticking Up
Homebuyer demand for condos dropped with the coronavirus pandemic, but buyers are starting to return—particularly those searching for affordable homes. Demand for single-family homes has recovered more quickly. Condo sale prices nationwide dropped 1.4% year over year to a median
Denver Real Estate Market & Investment Overview 2020
Let’s take a look at the current state of the Denver real estate market amid the coronavirus pandemic. Then we’ll discuss the investment opportunities in Denver for real estate investors. Shortage of housing for a growing population, a strong economy &
How to Build a Tree House
Kids love to climb trees. And kids love to have a place to call their own. Remember having a tree house growing up – or wishing you had one?It’s a place kids can decorate with their own style. A place to sleep out; a place to giggle and tell secrets to one another. Creating these […]
The post How to Build a Tree House appeared first on Signature Real Estate Services.
Pace of Home Sales Trending Well Ahead of Last Year
This Zillow Weekly Market Report includes housing market data as of the week ending July 25 Go to Source Author:
[PULSE] Housing discrimination: It’s real and not just a tweet
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
Redfin posts improved Q2 numbers while Realogy’s revenue, income declines
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
NAR comes out strong against AFFH fair housing rule termination
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
Is student loan debt really the barrier to Millennial homeownership?
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
JetClosing raises $9M for digital title and escrow platform
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
Is buying real estate leads really worth it?
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