Mortgage lenders faced a double-whammy in May, with demand for both purchase loans and refinancing falling despite the fact that mortgage rates came back down after surging in February in March. Continue reading
New lending restrictions and buyer preferences meant slower growth last month in mortgages for vacation homes and investment properties. Continue reading
Offerpad’s latest financials strongly suggest that a less venture-funded, less tech-enabled, more real-estate focused and less breakneck version of iBuying can be (almost) profitable. Continue reading
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
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
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
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
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
Demand for mortgages slipped last week as requests to refinance slowed, outweighing the impact of a slight increase in purchase loan applications. Continue reading
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