Jul 19, 2021 via housingwire.com In this post, former Ginnie Mae President Michael Bright offers his thoughts to the new FHFA director. The post Michael Bright: Thoughts for the next FHFA director appeared first on HousingWire.
Jul 19, 2021 via housingwire.com For the 20th straight week, servicers' forbearance portfolio volume dropped -- this time 26 basis points to 3.50%, per the Mortgage Bankers Association. The post Forbearances decrease to 1.75M homeowners appeared first on HousingWire.
Jul 19, 2021 via housingwire.com Blend was valued north of $4 billion following its IPO last week. We look at what's next for a fintech firm that processed $1.4 trillion worth of loans last year. The post Blend is now worth $4.6B. Now what? appeared first on HousingWire.
Jul 19, 2021 via cnbc.com Lumber prices are falling sharply, but the savings are not yet trickling down to the retail market.
Jul 19, 2021 via housingwire.com Margaret Redman has been named director of national commercial services and senior regional underwriting counsel for North American Title Insurance Co. The post North American Title Insurance announces flurry of moves appeared first on HousingWire.
Jul 19, 2021 via housingwire.com Builder confidence for newly built single-family homes fell to 80 in July, per the National Association of Home Builders. The post Homebuilders descend on D.C. as confidence drops appeared first on HousingWire.
Jul 19, 2021 via cnbc.com U.S. homebuilders are happy with buyer demand, but higher construction costs are starting to eat away at their confidence.
Jul 19, 2021 via themortgagereports.com The Adverse Market Refinance Fee made it more expensive to refinance over the last year. Now, that fee has been removed. Learn more here.
Jul 19, 2021 via zillow.com The number of homes available for sale rose for the second straight month in June, an indication the market may be beginning to find more balance. The post Inventory Jumps Again, as the Market Continues to Sizzle (June 2021 Market Report) appeared first on Zillow Research.
Jul 16, 2021 via cnbc.com Real estate unicorn start-up Pacaso is reforming Americans' ability to make second home purchases, the company's CEO told CNBC on Friday.
Jul 16, 2021 via housingwire.com Tomo is a new mortgage platform backed by ex-Zillow executives Greg Schwartz and Carey Armstrong. Seventy million in seed fund was raised. The post Ex-Zillow execs promise revolution in lending appeared first on HousingWire.
Jul 16, 2021 via housingwire.com eXp World Holdings and Kind Lending will launch a mortgage joint venture called Success Lending. They are recruiting LOs and hope to launch by October. The post eXp and Kind plan mortgage JV by October appeared first on HousingWire.
Jul 16, 2021 via housingwire.com Real estate platform OJO Labs is expanding into Canada, and Natalka Falcomer will take the reins, the company announced this week. The post OJO Labs expands into Canada’s “tight” housing market appeared first on HousingWire.
Jul 16, 2021 via housingwire.com Cash buyers account for more than half of home sales in West Palm Beach, Naples in Florida and Nassau County in New York, according to Redfin. The post Cash buyers are scooping up homes like mad appeared first on HousingWire.
Jul 16, 2021 via cnbc.com Fannie Mae and Freddie Mac are dropping a fee on mortgage refinances that was instituted during the pandemic.
Jul 16, 2021 via zillow.com Current home value appreciation continues to set new records and is expected to continue to accelerate through the summer. The post Zillow June 2021-June 2022 Home Value & Sales Forecast appeared first on Zillow Research.
Jul 16, 2021 via redfin.com It's no secret that kids of all ages love summer vacation – the warm weather and change in routine bring adventure and imagination into their days. As parents, however, it's common to be concerned that your child isn't being challenged and presented with new learning opportunities while they are out of school. Rest assured, there … Create the Ultimate Backyard Retreat to Keep Your Kids Engaged this Summer Read More >> The post Create the Ultimate Backyard Retreat to Keep Your Kids Engaged this Summer appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.
Jul 16, 2021 via cnbc.com Tennis superstar Serena Williams has invested an undisclosed amount in Esusu, a start-up with a mission to boost credit scores of underserved populations.
Jul 16, 2021 via housingwire.com The Federal Housing Finance Agency (FHFA) is officially axing Freddie Mac and Fannie Mae's controversial adverse market refinance fee. The post FHFA kills adverse market fee appeared first on HousingWire.
Jul 16, 2021 via cnbc.com While societal changes are needed to address the wealth gap, there are also steps Black Americans can take right now to start building wealth, experts say.
Jul 15, 2021 via housingwire.com In Freddie Mac's estimation, still-low rates means 2021 will rival last year's incredible performance of $4 trillion in origination volume. The post Freddie Mac now forecasts $3.9T in originations in 2021 appeared first on HousingWire.
Jul 15, 2021 via housingwire.com Hampered by labor shortages, rising material costs & government regulation, homebuilders are looking to Congress to decrease the estimated "under-building gap" of 5.5 million homes. The post Homebuilders urge Congress to address inventory crisis appeared first on HousingWire.
Jul 15, 2021 via housingwire.com Mortgage credit availability dipped 8.5% in June to 118.8, per the Mortgage Bankers Association Mortgage Credit Availability Index. The post Mortgage credit drops to lowest level since September appeared first on HousingWire.
Jul 15, 2021 via redfin.com If you live in an area where the risk for drought is high, you'll want to start preparing your home – and yourself – for a drought. To help you get started, we've gathered information to help you assess your water needs and come up with a plan for conserving your water supply. Keep reading … How to Prepare Your Home for Drought Read More >> The post How to Prepare Your Home for Drought appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.
Jul 15, 2021 via housingwire.com Online mortgage marketplace Morty announced the close of a $25 million Series B financing round, pushing the total company valuation to $150 million. The post Morty announces $25 million Series B funding appeared first on HousingWire.
Jul 15, 2021 via cnbc.com The number of confirmed deaths in the collapse of a condominium building in Surfside, Florida, climbed to 97 as a judge approved the sale of the site.
Jul 15, 2021 via cnbc.com Prices are rising for goods and services as the U.S. confronts its most serious inflation in decades. These most expensive states to live in had a head start.
Jul 15, 2021 via cnbc.com As inflation increases prices on everything from groceries to energy, these are the ten U.S. states where a dollar goes the furthest.
Jul 15, 2021 via housingwire.com The average 30-year fixed-rate mortgage fell two basis points from the week prior to 2.88%, according to data released Thursday by Freddie Mac's PMMS. The post Mortgage rates dip slightly to 2.88% appeared first on HousingWire.
Jul 15, 2021 via cnbc.com The deadly collapse of a residential tower spooked South Florida homebuyers and real estate investors into reassessing the risk of buying Miami-area condos.
Jul 14, 2021 via cnbc.com Prices in Palm Beach hit an all-time high in the second quarter, as brokers grappled with a record-low number of mansions to sell.
Jul 14, 2021 via housingwire.com A shareholder sued Rocket Mortgage, the Detroit-based mortgage behemoth, for allegedly making misleading disclosures to conceal adverse market conditions. The post Shareholder suit accuses Rocket of deceptive disclosures appeared first on HousingWire.
Jul 14, 2021 via housingwire.com The number of buyers who locked in mortgage rates to purchase a vacation or second home nationwide fell 11.1% year over year in June, per a Redfin study. The post Purchases of second homes declined in June appeared first on HousingWire.
Jul 14, 2021 via cnbc.com Two rules can help you figure out if your current home is affordable.
Jul 14, 2021 via cnbc.com A sudden and unexpected drop in mortgage rates sent borrowers to their lenders in droves, hoping to save on their monthly payments.
Jul 14, 2021 via housingwire.com After several consecutive weeks of drops, mortgage applications jumped 16% for the week ending July 9, 2021, per the latest MBA report. The post Mortgage applications jump 16% appeared first on HousingWire.
Jul 13, 2021 via cnbc.com Top New York real estate broker Christopher Kromer told CNBC the city's housing market is seeing higher demand and lowered prices.
Jul 13, 2021 via housingwire.com Guaranteed Rate has found another dance partner. And Compass is borrowing from the playbook of its most visible direct competitor. The post Compass is Guaranteed Rate’s latest dance partner appeared first on HousingWire.
Jul 13, 2021 via housingwire.com Per a recent Redfin study, 65% of home offers written by company agents faced competition in June, down from a rate of 72.1% in May. The post Redfin: Bidding wars drop slightly in June appeared first on HousingWire.
Jul 13, 2021 via housingwire.com The DOJ and the NAR are preparing for battle. At stake are the practical rules agents must follow to do their job - and the essence of how they earn money. HW+ Premium Content. The post Is NAR ready to rumble with DOJ? appeared first on HousingWire.
Jul 13, 2021 via redfin.com With summer finally here, there's no better time than now to upgrade your backyard and get your outside space in order. Here are 15 backyard oasis ideas to help you create your ideal summer sanctuary. The post 15 Backyard Oasis Ideas For Your Home This Summer appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.
Jul 13, 2021 via cnbc.com A super PAC funded largely by Stephen Ross saw major victories targeting progressive New York City Council candidates.
Jul 13, 2021 via cnbc.com Around 176,000 renter households had received assistance by the end of May, according to government data. However, more than 11 million renters are behind.
Jul 12, 2021 via housingwire.com When we think about MBS, it's the historical downtrend in bond yields that matters, not federal debt and not tapering. HW+ Premium Content The post For housing, look at bonds over MBS or federal debt appeared first on HousingWire.
Jul 12, 2021 via housingwire.com Servicers' forbearance portfolio volume dropped again, this time 11 basis points to 3.76% as of July 4, 2021, per the Mortgage Bankers Association. The post Forbearance exits are speeding up appeared first on HousingWire.
Jul 12, 2021 via housingwire.com HUD announced it has filled another round of positions, as it confronts decades of staffing shortages. Here's who the agency has brought on. HW+ Premium Content The post HUD finally confronts decades of staffing shortages appeared first on HousingWire.
Jul 12, 2021 via housingwire.com Of a Redfin study of 1,500 homeowners, 52% of Hispanic homeowners have lived with family or friends rent-free to save money on housing costs. The post For many Hispanics, homeownership built on family support appeared first on HousingWire.
Jul 12, 2021 via cnbc.com Strong demand and record-low supply in the housing market are starting to ease, which should alleviate the incredibly high competition in the market.
Jul 10, 2021 via cnbc.com The number of confirmed deaths in the collapsed condominium building in Surfside, Florida, has climbed to 86
Jul 8, 2021 via zillow.com The typical U.S. renter should expect it to take more than a quarter century to save for a 20% down payment on the typical U.S. starter home. The post It's Harder to Save for a Down Payment, But Today's First-Time Buyers Have Some Unique Opportunities appeared first on Zillow Research.
A weighted, repeat-sales index which measures average price changes on the same properties for single-family homes whose mortgages go through Fannie Mae or Freddie Mac.
Latest: 277.37 (August 2019), MoM change: +0.17%, YoY change: +4.61%
Source: Federal Housing Finance Agency
Median Sale Price Latest: $387,000 (June 2021), MoM change: +2.93%, YoY change: +24.84%
Source: Redfin.com
Median Price Per Square Foot Latest: $207 (June 2021), MoM change: +1.97%, YoY change: +27.78%
Source: Redfin.com
Latest: 102.58% (June 2021), MoM change: +0.37%, YoY change: +3.93%
Source: Redfin.com
Latest: 56.38% (June 2021), MoM change: +5.27%, YoY change: +110.12%
Source: Redfin.com
Price Drops Latest: 10.06% (June 2021), MoM change: +32.25%, YoY change: -18.12%
Source: Redfin.com
Only includes first-lien prime conventional conforming home purchase mortgages with a loan-to-value of 80 percent. For the past several decades, more than half of consumers choose 30-year, fixed-rate mortgages.
Rate Latest: 2.98% (June 2021), MoM change: +0.68%, YoY change: -5.70%
Points Latest: 0.70% (June 2021), MoM change: 0.00%, YoY change: -12.50%
Source: Freddie Mac Primary Mortgage Market Survey (PMMS)
Active Listings Latest: 757,663 (June 2021), MoM change: +2.47%, YoY change: -39.59%
New Listings Latest: 776,291 (June 2021), MoM change: +6.18%, YoY change: +8.01%
Home Sales Latest: 717,474 (June 2021), MoM change: +13.77%, YoY change: +20.55%
Source: Redfin.com
Latest: 1.06 (June 2021), MoM change: -9.93%, YoY change: -49.89%
Source: Redfin.com
Median Days On Market Latest: 14 (June 2021), MoM change: -12.50%, YoY change: -64.10%
Source: Redfin.com
Only includes new, privately owned housing units in roughly 20,000 permit issuing places in the U.S. According to the Census Bureau, permit issuing places account for 98% of new construction. The data is not seasonally adjusted.
Latest: 142,300 (May 2021), MoM change: -9.88%, YoY change: +32.62%
Source: U.S. Census Bureau
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