US housing market is short 7.2M single-family homes: Realtor.com

The US housing market is short 7.2 million homes, according to Realtor.com’s latest housing market analysis. Nearly 18 million households have been formed over the past decade; however, only 10 million single-family homes were constructed during the sa… Continue reading

Lennar fights high home prices with 3 new mid-range models

The homebuilder announced today the release of three new affordable floor plans for homebuyers in California’s Central Valley. Real estate agents in Shafter, Fresno and Clovis will be able to recommend the mid-$300,000 homes after the New Year. Continue reading

Welcome Homes launches new tools in bid to ease housing crunch

Welcome Homes, a hybrid homebuilder and proptech company, announced its new “Make-an-Offer” module and an artificial intelligence-backed land analysis report on Wednesday. Continue reading

Zonda acquires self-touring app in support of new construction portal

Construction data and technology company Zonda has acquired yet another company, this time UTour, a system for offering self-guided home tours to enhance Livabl, a public-facing search experience for new construction homes which the company launched in… Continue reading

Economy’s strength could keep a damper on existing-home sales

Lack of inventory driven by mortgage lock-in effect may persist if the Federal Reserve maintains a ‘higher-for-longer’ rate strategy to combat inflation, Fannie Mae economists said. Continue reading

America’s highest-volume broker on a real estate market in flux

The founder of the HomesUSA platform tells Intel how he became the nation’s highest-volume broker — and what metrics he tracks each month. Continue reading

UWM rolls out ‘one-time-close’ new construction loan in time for spring

Homebuyers can put as little as 5 percent down when taking out a new construction loan, with one closing and an optional float-down to secure a lower interest rate, according to United Wholesale Mortgage. Continue reading

New-home sales continue modest rise — but market ‘lull’ lies ahead

New-home sales rose 5.8 percent to a seasonally adjusted rate of 640,000, according to data released Friday by the U.S. Census Bureau and Department of Housing and Urban Development. Continue reading