Tag Archives: Detroit

Buying vs. renting: The income gap is widening, Redfin says

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The financial gap between owing and renting has grown significantly, making the dream of homeownership more distant, according to report released by Redfin Thursday. Continue reading →

FHFA gutting Fannie, Freddie minority homeownership programs

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Flood of orders published without explanation on social media target programs and practices designed to boost lending in minority communities, protect borrowers from unfair or deceptive practices. Continue reading →

Tomo Mortgage secures $20M in Series B funding round

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Tomo Mortgage, an AI-powered digital mortgage lender, has secured $20 million in a Series B funding round, bringing its total investment to $130 million, company executives announced Tuesday. Continue reading →

US home lending giant Rocket Mortgage bidding Canada adieu

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Canadian mortgage strategist blames the country’s securitization market, which allows the country’s six biggest banks to sell mortgages to investors but is closed to smaller lenders. Continue reading →

Want to get more for your sellers? List in late May

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Despite a slow start to the year, Zillow’s latest report said May might be a potential goldmine for homesellers. Listings that go live during the last two weeks of May receive a premium of $5,600. Continue reading →

Angela Yee of ‘The Breakfast Club’ joins Nest Seekers International

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Yee obtained her first brokerage affiliation with SERHANT. last year, but the radio personality has long been an investor and advocate for building generational wealth through real estate. Continue reading →

Homebuyers remain sidelined despite more listing options

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Even with an uptick in new listings, homebuyers aren’t rushing into the market. Instead, demand has dipped, leaving a growing supply of homes sitting as buyers remain hesitant about their next move, according to Redfin’s latest data analysis. Over the … Continue reading →

Inventories on track to normalize in 40% of US markets this year

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After growing by 22 percent last year, inventory is “a bright spot for a market that’s been dealing with deep deficits in recent years,” according to ICE Mortgage Monitor report for February. Continue reading →

Commissions have fallen for homes above $500K, Redfin says

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Overall buyer’s agent commissions average 2.37 percent, essentially unchanged since August. Commissions rose for homes below $500,000, according to the new report. Continue reading →

Trump nominates homebuilder scion to oversee Fannie, Freddie

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The grandson of PulteGroup founder William J. Pulte, Bill Pulte is a private equity CEO, philanthropist and Trump loyalist with 3 million followers on X. Continue reading →