As buyers continue to reassess where they want to live and relocate at record rates, affordable, popular destinations can still be found — largely in Florida and Texas, according to Redfin. Continue reading
“Large deceleration” in home price appreciation next year could lead to price declines in some regions. Continue reading
Mortgage rates are up, and demand for homes is edging down. Redfin Chief Economist Daryl Fairweather laid out a possible scenario of what the months ahead might look like at Connect Now. Continue reading
A week after announcing Realogy’s rebrand as Anywhere, CEO Ryan Schneider shared his plan for beating Zillow at direct-to-consumer business on Thursday at Inman Connect Now. Continue reading
Existing-home sales decreased by 2.4 percent from March and 5.9 percent from the year before as declining affordability continued to put off homebuyers, according to the National Association of Realtors. Continue reading
The dip in competition can be attributed to the increase in mortgage rates, which reached 5.3 percent in May after starting March at just 3.76 percent. Continue reading
Economic uncertainty and stock market volatility may have helped drive 12 percent decline in purchase mortgage applications. Continue reading
While an abrupt shift in policy isn’t expected, Fed Chair Jerome Powell affirms that, “If things come in better than we expect, then we’re prepared to do less” tightening. Continue reading
Blend’s net loss for the quarter — up 167 percent from a year ago — came despite a 124 percent year-over-year increase in revenue, to $71.5 million, according to an earnings call on Thursday. Continue reading
A lender survey shows demand for purchase mortgages rose for a second week in a row, but borrowers are increasingly turning to adjustable-rate loans. Continue reading