Buyers now snapping up homes in 15 days despite latest wave of rate hikes
Rising mortgage rates, booming home prices and scant inventory are pushing homebuyers to quicken their plans, according to Redfin's latest market report, released Friday
by Marian McPherson May 13
Compass trims losses slightly in Q1, sees revenue jump 25%
Compass agents did 47,367 deals between January and March of 2022, which represents a new high for the brokerage, according to a Q1 earnings call on Thursday
by Jim Dalrymple II May 12
As hate crimes rose, 70% of Asian buyers moved to safer areas in 2020
Discrimination, mortgage readiness and affordability continue to be significant hurdles for Asian American and Pacific Islander communities, according to new report released Wednesday
by Marian McPherson May 12
Homeowner equity increased 3% during Q1
Nearly 45% of homes in the country were considered equity rich, up from 41.9% in the fourth quarter. But the rising values are creating barriers for first-time buyers
by Ben Verde May 11
Digital title insurer Doma laying off 310 employees as refis plummet
Executives say layoffs will save the company about $30M a year and help it bring its technology to bear on purchase mortgages
by Matt Carter May 11
Homebuyers showing 'some resiliency' to higher rates
Demand for purchase mortgages increases for a second week in a row, but borrowers are increasingly turning to adjustable-rate loans
by Matt Carter May 11
Lumber prices seesaw lower, and some homebuilders aren't happy
The price of lumber took a big dip to start the week, just the latest unexpected shift in the cost of building a new home
by Daniel Houston May 11
Foreclosure activity ticks down slightly in April
Foreclosure completions saw the most dramatic decrease of the month, dropping 36 percentage points with lenders repossessing 2,830 properties
by Ben Verde May 10
LoanDepot to lay off workers as originations plunge 48%
Mortgage lender suspends its quarterly dividend after posting a $91.3 million first quarter loss
by Matt Carter May 10
In record year for title insurers, 'big four' maintain market share
Title insurance premiums surged 36% in 2021 to a record $26.2B as low mortgage rates spurred refinancings, according to an analysis by the American Land Title Association
by Matt Carter May 10
Homebuyer sentiment hits another new record low
A record low 19 percent of Americans say it's a good time to buy a home, according to a monthly survey Fannie Mae's been conducting since 2010
by Matt Carter May 9
More sellers are dropping their prices, but buyers see little relief
15 percent of homesellers dropped their asking price during the four-week period ending May 1, compared to nine percent of sellers last year
by Ben Verde May 9
Does a good earnings season foreshadow trouble ahead?
Many real estate companies did very well during the first quarter of 2022, but their leaders also repeatedly mentioned the specter of 'headwinds' on the horizon
by Jim Dalrymple II May 9
Homebuyer demand for mortgages 'consistent and resilient' in April
Lenders saw much of what was left of their refinancing business evaporate as rates climbed to their highest levels in nearly 13 years
by Matt Carter May 8
Real estate hiring keeps pace with strong US jobs growth
Real estate employers — a category that includes brokerages — added 6,100 jobs in April, a rate that matched national monthly jobs growth
by Daniel Houston May 6
Opendoor reaches first profitable quarter in Q1 with $28M net income
After 8 years, California-based iBuyer Opendoor reached profitability while logging a new revenue high of $5.2B, according to an earnings report released Thursday
by Marian McPherson May 5