Author Archives: Matt Carter

As mortgage lenders’ costs rise, so do homebuyers’ closing costs

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Rising home prices and lender costs helped drive up homebuyers’ closing costs by 13.4 percent in 2021, to an average of $6,905. Loan production expenses hit an all-time of $9,470 per loan high during the fourth quarter of 2021. Continue reading →

Tech explosion could drive renaissance for indie brokerages

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As billions flow into proptech, indie brokerages can thrive by seeking out solutions that keep agents focused on their clients. Continue reading →

Neat Loans wins backing from Comcast venture capital subsidiary

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In addition to financing, Forecast Labs offers startups access to direct response television, direct mail programs. Continue reading →

As Power Buyers gain popularity, distinguish between friend and foe

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Era Ventures Managing Partner Clelia Peters spoke with Ribbon co-founder Wei Gan and Divvy Homes CEO Adena Hefets Tuesday at Inman Connect New York about the ways Power Buyers operate. Continue reading →

‘Modest recession’ eyed in 2023, Fannie Mae economists predict

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Home sales now expected to decline by 7.4 percent this year and 9.7 percent in 2023, a dramatic adjustment from March, when Fannie Mae forecast a 4.1 percent decrease in home sales this year and 2.7 percent in 2023. Continue reading →

Power Buyer Knock enters Seattle market, adds jumbo mortgages

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To serve five new markets in Washington, Knock has partnered with a number of local real estate brokerages, half of which are affiliated with Keller Williams. Continue reading →

A mortgage giant crunched 47 years of housing data. Here’s what it found

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The new Fannie Mae Home Price Index aims to capture a broader picture of the housing market. What it found was the fastest annual pace of home price growth in nearly 50 years. Continue reading →