Hometown Lenders’ national expansion collided with rising rates

In bankruptcy court, the Huntsville, Alabama-based mortgage lender says it plans to repay creditors by claiming more than $20 million in tax credits and clawing back $1 million from warehouse lenders. Continue reading

Mortgage rates retreat as wave of data suggests economy is cooling

In less than a week, a series of reports has changed the outlook for the timing and magnitude of future Fed rate cuts, sending mortgage rates into a five-day tailspin. Continue reading

Opendoor rolls out mobile truck with instant offers in Nashville

“The Offer Mobile” is driving around neighborhoods in Nashville, Tennessee, to literally bring Opendoor’s instant offers to consumers’ front doors. Continue reading

Developers sit on empty lots as higher rates delay projects

After a generationally high apartment construction boom, some developers are now finding that the economics no longer make sense on in-progress projects. Continue reading

Median price per square foot is up 52.7% since 2019: Realtor.com

Home values have boomed over the past five years, with New York, Boston and Nashville experiencing double-digit gains in the median price per square foot. Continue reading

Which is better: high volume or high profitability? How about both?

While awards and honors are geared toward high volume, it’s high profitability that offers the rewards you’re really looking for, coach Verl Workman writes. Continue reading

Where are the buyers? Introducing Intel’s Client Pipeline Tracker

Buyer pipelines have been shrinking, agents told Inman in the latest Intel Index poll. A new metric unveiled today by Intel sheds light on the trend and aims to answer when it might turn around. Continue reading

This Pride Month, show up for LGBTQ+ friends and colleagues

Anita Legacy Blue, president of the 2024 LGBTQ+ Real Estate Alliance, writes that Pride Month presents an opportunity for the community and allies to support each other. Continue reading

Exactly where to focus your business to succeed this summer

Coach and real estate expert Bernice Ross shares her best advice on how to turn yourself into a lead magnet this summer. Continue reading

Rates ease as inflation gauge moves in the right direction

Mortgage rates have some room to come back down in June after PCE price index shows annual inflation easing to 2.65 percent in April, and Q1 2024 GDP growth revised downward to 1.3 percent. Continue reading