High mortgage rates, slowing homebuyer activity and weakening homebuilder sentiments created the perfect storm in June, keeping new residential construction from posting annual gains. Continue reading
There are “some limits to functionality” as First American continues efforts to return to normal business operations following a cybersecurity breach that led the company to isolate some systems from the internet on Dec. 20. Continue reading
Home prices increased 0.7 percent between August and September of 2023, and were up 6.7 percent annually, according to a new report. Continue reading
Inflation rose 0.4 percent in September, a near standstill from August, according to the latest Consumer Price Index Thursday. Economists believe “shelter” will soon recede as the largest contributor to runaway prices. Continue reading
New-home sales rose 4.4 percent in July to an adjusted annual rate of 714,000 as the supply of existing homes continues to drop, according to data released Wednesday by the U.S. Census Bureau. Continue reading
A panel of venture capital investors at Inman Connect Las Vegas said funding had likely been delivered to new proptechs without enough diligence during the most recent bull cycle in the market. And now is the time to get “more prudent.” Continue reading
Economists revealed to Intel how mortgage rates and inflation will bring the spring homebuying market back toward historical norms and become the new sales benchmark for years to come. Continue reading
Private placement with existing investors including CEO Brian Bair extends the company’s cash burn runway by six months to a year, KBW analysts say. Continue reading
After paymints.io deal, First American is evaluating additional third-party integrations to simplify transactions from point of sale to handing over the keys. Continue reading
As lenders pivoted from refinancing to more complex purchase loan transactions, independent title insurers saw second-quarter premiums drop by 18.4 percent. Continue reading