Tag Archives: Markets & Economy

Mortgage rates stable heading into next week’s Fed meeting

By Matt Carter | June 10, 2021 - 5:09 pm |June 10, 2021 Uncategorized

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New inflation numbers and tapering of the Fed’s mortgage bond purchases are likely to be on the agenda when the Fed meets next week. Continue reading →

Average homeowner gained $33,400 in equity last year: CoreLogic

By Veronika Bondarenko | June 10, 2021 - 12:00 pm |June 10, 2021 Uncategorized

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The average annual equity gain from Q1 2020 to Q1 2021 for homeowners with mortgages is the highest in at least a decade, according to CoreLogic. Continue reading →

Amid housing shortage, investors double down on prefab startups

By Daniel Houston | June 9, 2021 - 8:48 pm |June 9, 2021 Uncategorized

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Construction startups have raised $1.5 billion since the start of this year as builders rush to address the shortage, according to Crunchbase. Continue reading →

Share of LGBTQ buyers and sellers hasn’t grown since 2015: NAR

By Marian McPherson | June 9, 2021 - 7:52 pm |June 9, 2021 Uncategorized

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The share of LGBTQ homebuyers and sellers has remained at 4 percent since 2015, according to NAR. Lower household incomes and less access to affordable housing are two of the largest barriers. Continue reading →

Offerpad sees dip in revenue as it preps for public debut

By Jim Dalrymple II | June 9, 2021 - 7:01 pm |June 9, 2021 Uncategorized

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The iBuyer’s revenues were down year over year, but up compared to the end of 2020. The company is also nearing completion of a merger that will allow it to begin publicly selling shares. Continue reading →

Mortgage applications slump as demand for refinancing wanes

By Matt Carter | June 9, 2021 - 11:00 am |June 9, 2021 Uncategorized

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Demand for mortgages slipped last week as requests to refinance slowed, outweighing the impact of a slight increase in purchase loan applications. Continue reading →

Out-of-town movers head for cheaper areas with larger homes

By Daniel Houston | June 8, 2021 - 5:06 pm |June 8, 2021 Uncategorized

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A greater share of movers than usual left the suburbs for more rural neighborhoods in 2020, according to a new study released Tuesday by Zillow. Continue reading →

Mortgage delinquency rates continue to improve: CoreLogic

By Veronika Bondarenko | June 8, 2021 - 12:00 pm |June 8, 2021 Uncategorized

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After an uncertain year amid the pandemic, mortgage delinquency rates are just now starting to recover. Continue reading →

Inventory shortage sends home prices soaring at record rate

By Matt Carter | June 7, 2021 - 7:58 pm |June 7, 2021 Uncategorized

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Black Knight’s latest Mortgage Monitor Report recorded “the highest annual home price growth rate we’ve ever seen” in records going back nearly 30 years. Continue reading →

‘The great reshuffling’: Zillow COO argues housing boom is no bubble

By Daniel Houston | June 7, 2021 - 1:17 pm |June 7, 2021 Uncategorized

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In a recent podcast appearance, Zillow Chief Operating Officer Jeremy Wacksman argues the housing market’s fundamentals are strong. Continue reading →