United Wholesale Mortgage purchase loan business up 288%
CEO Mat Ishbia champions mortgage brokers as key to future growth
by Matt Carter Aug 16
The US is getting more diverse — and moving to the West
Shifts in demographics and geographies will reshape how Americans think of housing, new data from the US Census Bureau shows
by Jim Dalrymple II Aug 16
Airbnb slashes losses, sees 299% rise in revenue in Q2
The short-term rental giant lost $68M between April and June — a vastly smaller sum than the $1B it lost a quarter earlier, according to earnings figures released Thursday
by Jim Dalrymple II Aug 12
Half of homes sold over list price in July: Study
But the latest numbers, provided by OJO Labs, do hint at possible improvements in the ongoing inventory shortage
by Jim Dalrymple II Aug 12
Healthy jobs report drives up mortgage rates for first time in weeks
Mortgage rates on 30-year loans rose this week for the first time in over a month after the latest jobs report came in better than expected
by Daniel Houston Aug 12
Home prices jump by double digits across nearly every US metro
The median existing single-family home price rose 22.9% year over year during the second quarter, to $357,900, an increase of $66,800 from the year before, according to NAR
by Lillian Dickerson Aug 12
Opendoor reports $1.2B in revenue, beats expectations in Q2
The iBuyer also experienced a loss of $144M between April and June and sold a total of 3,481 homes
by Jim Dalrymple II Aug 11
Virtual brokerage Real sees significant revenue growth in Q2
The company also saw its agent count grow to 2,451, up 126% year over year, according to earnings figures released Tuesday
by Jim Dalrymple II Aug 11
Buyer demand for mortgages jumps for first time in almost a month
Rise in FHA purchase applications suggests more first-time buyers are navigating high prices, tight inventories
by Matt Carter Aug 11
Compass CEO: There's 'incredible' demand from foreign buyers
Robert Reffkin also said he expects the New York City real estate market to rebound and that housing in general should thrive in the near-term future
by Jim Dalrymple II Aug 10
Mortgage delinquencies stay low in June: CoreLogic
4.7% of mortgages were in a state of delinquency, unchanged since last month
1.7M homeowners still in forbearance as protections expire
Loan servicers must attempt to work with borrowers before initiating foreclosure proceedings
by Matt Carter Aug 9
Compass dramatically trims losses, sees rocketing revenue in Q2
The brokerage lost $7M last quarter, a vast improvement over both the previous quarter and last year. The results earned plaudits from investors
by Jim Dalrymple II Aug 9
Underwater homeowners gain breathing room as prices climb
Fewer properties are considered seriously underwater now that rising home prices have put homeowners with mortgages in a better position
by Daniel Houston Aug 9
Home prices show signs of leveling off for first time in months
After five consecutive months of record home prices, the market appears to be plateauing, according to several key indicators
by Daniel Houston Aug 9
As homebuyer sentiment hits new low, some sellers also having doubts
Most Americans don't think prices will be higher in 12 months but that mortgage rates will rise, according to a new Fannie Mae survey
by Matt Carter Aug 9