The Michigan-based and third-largest wholesale mortgage lender aims to cut costs by more than $100 million a year in response to an “extremely challenging” lending environment. Continue reading
Multiple real estate companies are seeing share prices fall to all-time lows. If they can’t ultimately turn around their stock market performances, their falling share prices could have profound impacts on the real estate industry. Continue reading
The average list-to-sale ratio clocked in under 100 percent for the first time since March 2021 in August, according to new data released Thursday by Redfin. Continue reading
Inventory rose due to a steep drop in homebuyer demand and homes that are spending more time on market while sellers pulled back on listing new properties, according to Realtor.com data. Continue reading
House purchases are expected to plummet further in the closing months of the year, and the recovery may not pick up speed until 2024, according to a new forecast from the investment bank. Continue reading
Gen Z and millennial renters who took on a new lease in July have personal inflation rates of 11.6 percent year over year, according to a new analysis by Redfin released Thursday. Continue reading
During his latest appearance on CNBC, Redfin CEO Glenn Kelman shared how buyers and sellers are locked in a battle of the wills as the market slowly shifts in buyers’ favor. Continue reading
Forget the memes. According to broker Teresa Boardman, if you’ve been around real estate for any length of time, you know that the only thing you can expect is the unexpected. Continue reading
Roughly $17 trillion worth of property analyzed for the study had experienced intense drought in August, up 42 percent from a year earlier when $12 trillion worth of property had experienced it. Continue reading
Purchase applications have declined in eight of the last nine weeks, according to a weekly survey by the Mortgage Bankers Association on Wednesday. Continue reading