RE/MAX CEO: Balanced housing market, seasonal norms will return

RE/MAX CEO Adam Contos stressed during a third-quarter earnings call Tuesday that the company’s recent investments are beginning to pay off and that it’s on firm footing for 2022. Continue reading

UWM shares recover after secondary offering postponed

UWM said the secondary offering was intended to benefit shareholders, by making the company “a more liquid, tradable stock for larger indexes and institutional investors.” Continue reading

Real Brokerage has big ambitions as it ramps up agents in Q3 and beyond

The Real Brokerage reported a third quarter net loss of $1.06 million on $39.8 million in revenue as its agents facilitated $1.44 billion in real estate transactions, up 879 percent from a year ago. Continue reading

Home sales — and prices — expected to decline over next 2 years

For the first time, Fannie Mae is forecasting all the way out to 2023, when it expects the economy to enter “mature state of the business cycle,” with the risk of another recession moving into focus. Continue reading

ATTOM assessing climate change risk for every US property

Consumers and other real estate stakeholders have a growing number of tools to help them assess risks including floods and wildfires. Continue reading

Mortgage tech startup SimpleNexus to be acquired by nCino for $1.2B

Deal provides cloud banking solutions provider, nCino, with an entry point to $4 billion U.S. point-of-sale mortgage market. Continue reading

Off-season rebound for mortgages could bode well for fall home sales

Second straight week of increases in purchase loan applications following rate reversal suggests stronger sales activity in the weeks to come, according to the Mortgage Bankers Association. Continue reading