Residential construction rose in May, despite material challenges
Single-family housing starts rose modestly, but housing completions and building permits dropped from the previous month, according to the US Census Bureau
by Lillian Dickerson Jun 16
Demand for mortgages rebounds after 3 weeks of declines: MBA
Applications for purchase loans and refinancings climbed as mortgage rates eased to the lowest levels since early May, according to the Mortgage Bankers Association
by Matt Carter Jun 16
Home sale-leasebacks are surging, but are they good for homeowners?
Sale-leasebacks can be a lifeline to homeowners struggling to make mortgage payments, but consumer advocacy groups are concerned over the low sales prices investors offer
by Lillian Dickerson Jun 16
Fannie Mae has 'meaningfully downgraded' its forecast for 2021 home sales
As listing shortages and supply constraints on homebuilders drive up prices, risk of inflation grows, economists with Fannie Mae's Economic and Strategic Research Group said
by Matt Carter Jun 16
Multifamily rental market rebounds to pre-pandemic levels
The median multifamily rent increased 2.5 percent in May, according to Yardi's latest rent report on Tuesday. West Coast markets experienced the greatest increases as buyers hold off on the homeownership plans
by Marian McPherson Jun 15
Lumber prices finally drop and the stockpilers prepare to sell
After soaring lumber prices fueled conspiracy theories this spring, and challenged homebuilders faced with an inventory shortage, prices are starting to come down
by Lillian Dickerson Jun 15
Desirable housing is out there. You just need to know where to look
At Inman Connect on Tuesday, 3 real estate professionals dished on the creative ways they're taking advantage of existing inventory amid a historic housing shortage
by Libertina Brandt Jun 15
Builder confidence dips slightly in June — to lowest level since August
The Housing Market Index dropped to 81 in June, down from 83 the previous month, according to the National Association of Home Builders and Wells Fargo
by Lillian Dickerson Jun 15
Rent prices growing faster than pre-pandemic levels: CoreLogic
Rent for a single-family home grew by 5.3% across the country in April, according to the latest report from CoreLogic
Homeowners are losing their enthusiasm for refinancing
After pullback in rates, decline in refis 'seems to have more to do with borrower psychology'
by Matt Carter Jun 14
Opendoor CEO Eric Wu: Most online buyers still rely on agents
At Inman Connect on Wednesday, Wu told Brad Inman that while users are increasingly comfortable selling their homes directly online, most buyers still lean on agents
by Daniel Houston Jun 11
After buying frenzy, demand for second homes comes down to earth
New lending restrictions and buyer preferences meant slower growth last month in mortgages for vacation homes and investment properties
by Daniel Houston Jun 10
Offerpad is a more profitable flavor of iBuying: Mike DelPrete
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
by Mike DelPrete Jun 10
Mortgage rates stable heading into next week's Fed meeting
New inflation numbers, tapering of Fed's mortgage bond purchases likely to be on agenda next week
by Matt Carter Jun 10
Average homeowner gained $33,400 in equity last year: CoreLogic
This number represents a 19.6% increase year-over-year, and the highest annual gain in at least a decade
Amid housing shortage, investors double down on prefab startups
Construction startups have raised $1.5 billion since the start of this year as builders rush to address the shortage, according to Crunchbase
by Daniel Houston Jun 9