Google announced it is tightening its policies, prohibiting employment, housing and credit advertisers from targeting or excluding ads based on certain demographics and ZIP codes. The company explained that it has long prohibited advertisers from targeting users based on “sensitive categories”
Homebuying Demand Just Keeps Getting Stronger
Key Takeaways Demand is 25% above pre-pandemic levels. Buyers haven’t “batted an eyelash” over the possibility of a resurgent pandemic or now protests. Bidding wars are “bananas” with homes “flying off the shelves.” Sale prices are up 3.1%; asking prices
Quicken Loans IPO would set fintech valuation tone and make mortgages cool again
A Quicken Loans IPO valuing the company in the tens of billions may be imminent. If true, this is huge for two reasons: as America’s largest mortgage lender, Quicken Loans would set the challenger bank valuation tone, and being public
Housing Market Activity Returns to Growth After Memorial Day Blip
This Zillow Weekly Market Report includes housing market data as of the week ending June 6[i] Go to Source Author:
Consistency and persistence: Top tools for an agile housing professional
Today, HousingWire’s engage.marketing virtual event jumped off, and honestly, I could have maxed out a thumb drive with notes. But instead of writing the mortgage and real estate marketing version of The Odyssey, I’ll just give you a few of
Homebuilder challenges vary by state– Here’s a look at a few major obstacles
In April, the National Association of Home Builders/Wells Fargo Housing Market Index measuring builder confidence registered its single greatest decline with a 42-point plummet. Today, however, NAHB is exuding confidence that its members will help bring the coronavirus-disrupted country back
Realtor.com launches Housing Market Recovery Index
Realtor.com on Thursday released a new way to track the progress of the housing market amid the COVID-19 pandemic: The Housing Market Recovery Index. The creation of the index was triggered by COVID-19 events that began in mid-March, said Javier
Quicken Loans files for IPO
UPDATE: This story was updated on Thursday with a statement from a Quicken Loans spokesperson. Quicken Loans, the No. 1 mortgage lender in the U.S., is preparing an initial public offering, according to an article by CNBC. The article explained
How COVID-19 has disproportionately impacted communities of color
At the beginning of COVID-19, people were calling the virus the “great equalizer” because the virus was expected to equally affect people regardless of race. However, the opposite quickly became apparent as communities of color have been disproportionately and overwhelmingly
NAR introduces implicit bias training to Realtors and staff
The National Association of Realtors announced on Wednesday it is introducing implicit bias training to its Realtor members and association staff. A 50-minute video began circulation to NAR members and staff as a partnership with the Perception Institute. The video
Fannie Mae lender letter expands its temporary policies
Fannie Mae sent out a lender letter Thursday announcing that it is extending the application deadline for it’s temporary policies until July 31, 2020. “We are extending the temporary policies in this lender letter to loans with application dates on
Haus raises $15.75 million in Series A round
Real estate tech company Haus has raised $15.75 million in Series A funding led by BlueRun Ventures. The funding round was also joined by Assurant Growth Investing, Leap Global Partners and RIT Capital. The company said the financing will be
Average U.S. mortgage rate rises to 3.21%
The average U.S. rate for a 30-year fixed mortgage rose three basis points to 3.21% this week, not far from the 3.15% all-time low set at the end of May. The average rate increased from 3.18% in the prior week,
Washington D.C-based Paragon Title looking to hire
Many companies continue to hire amid the pandemic as the unemployment rate declined 13.3% in May. One of those is Paragon Title, which is looking to add five to six employees to their real estate settlement staff. Founded in 1981,
Our Role in Fighting Racism
To Our Redfin Community: On May 31, Redfin joined many other people and companies denouncing racism and racial violence. We believe Black Lives Matter and we support police reform, but we’re writing today about a more fundamental responsibility our company
Redlining’s Legacy of Inequality: $212,000 Less Home Equity, Low Homeownership Rates For Black Families
The racist 1930s-era housing policy that effectively blocked Black families from obtaining loans continues to widen the wealth gap. Homeowners in redlined neighborhoods have earned 52% less in home equity than those in greenlined areas over the last 40 years.
Los Angeles Real Estate Market 2020 Overview
We will discuss the latest Los Angeles housing market trends & news and find out how they can affect the investors and homebuyers in the latter half of 2020. The shutdown due to coronavirus pandemic had an impact on the California
$726 Million in Rent at Risk as Gen Z Moves Back in with Parents During the Coronavirus Pandemic
2.7 million adults moved back into a parent’s home in March and April as unemployment soared Go to Source Author:
HousingWire continues hiring during pandemic
Unlike many other media companies, HousingWire has continued hiring during the coronavirus pandemic. We’ve even had one of our recent hires, Alex Roha, featured in a ZipRecruiter ad! From “The Way I Heard It” with Mike Rowe HousingWire currently has
The critical role of Hispanics in revitalizing a post-pandemic housing market
In February, the U.S. Census Bureau released its homeownership report which indicated that 2019, like the four years that came before it, was a positive year for Hispanic homeownership. Hispanics have been driving homeownership growth in America for more than
[PULSE] What is a negative interest rate and how does it work?
Despite the Federal Reserve chairman’s aversion, negative rates increasingly possible, but not negative mortgage rates – yet. With central banks lowering interest rates to all-time lows, investors flooding into safe investments driving prices up (and yields down), and the need
Under fire, Carson says HUD will allow DACA recipients to get FHA mortgages
Ben Carson, secretary of the Department of Housing and Urban Development, told Congress on Tuesday that he supported Deferred Action for Childhood Arrival recipients being eligible for mortgages backed by the Federal Housing Administration. Carson initially denied in his testimony
Fed pledges to maintain current pace of MBS purchases
The Federal Reserve pledged on Wednesday to keep buying Treasuries and mortgage-backed securities to the tune of about $120 billion a month. There had been concern among economists about the Fed’s announcement at the end of April that it was
Here’s how much unemployed service-sector employees owe in housing payments, despite benefits
Service-sector employees in the U.S. who are currently receiving unemployment benefits due to COVID-19, owe more than $1.7 billion in rent and mortgage payments each month, according to a report from Zillow. The latest unemployment data, released last week, shows