Share of mortgages in forbearance dropped 3 points at end of February
The overall decline of mortgage loans in forbearance was led by Ginnie Mae loans, which dropped by 7 basis points from the previous week to 7.28% of loans in forbearance
Is Wall Street taking over real estate?
Opinion
Of the 10 largest real estate firms, eight are now publicly traded. These companies represent 575,000 agents, almost 45% of all Realtors
by Brad Inman Mar 9
While still high, mortgage delinquencies see small decline
5.8% of homeowners fell delinquent on their mortgages in December, compared to 3.7% during the same period in 2019
CDC guidelines may pave the way for open houses, more normalcy
The COVID-19 crisis isn't over, but new guidance gives people significantly more freedom to gather without the encumbrances of the pandemic. That could prove liberating for real estate agents
by Jim Dalrymple II Mar 8
Manhattan landlords warehouse rentals amid slowdown
Critics say the practice by landlords to remove unrented apartments from the market as a cost-saving measure only amplifies the city's housing shortage and is 'unconscionable'
A Hong Kong home is asking a whopping $2M in annual rent
Wharf Holdings Ltd. is leasing out a property in its ultra-exclusive The Peak neighborhood for HK$1.35 million, or approximately $174,000 a month
What happens when 'meme traders' go after mortgage stocks?
Rocket Companies and LoanDepot briefly followed the trajectory of GameStop this month, seeing share prices spike simply because jokey online traders targeted their shares
by Jim Dalrymple II Mar 5
Sale-to-list price ratio hits all-time high: Redfin
During the 4-week period ending Feb. 28, the median home sale price and the 4-week rolling average of median asking price on newly listed homes also hit new highs
Construction and real estate employment fall in Feb. jobs report
Construction employment declined by 61,000 as the real estate industry yearns for more housing
by Patrick Kearns Mar 5
Just how impressive is Compass' $3.7B 2020 revenue?
The company revealed yearly revenue numbers that would make most real estate companies green with envy. But not top rival Realogy
by Patrick Kearns Mar 4
Refinance loans spur 14-year high in lending activity
The dollar amount of loans distributed during the fourth quarter of 2020 was also the highest quarterly amount distributed since at least 2000
Rocket Companies stock soars, plummets amid Reddit-driven volatility
The online mortgage company this week has had both its best day ever on the stock market, as well as its worst day
by Jim Dalrymple II Mar 3
Study: Women pay higher mortgage rates than men in all but one state
Only 1 state in the US was found to offer lower interest rates to women than men, on average, for a 30-year, fixed-rate mortgage, according to mortgage tech company Own Up
What do retirees want? Short-term-rental-free communities
A growing number of luxury communities are banning short-term rentals for residents' peace of mind
by Marian McPherson Mar 2
Lower credit usage among renters signal recovering market: Study
TransUnion's 2021 Rental Housing Financial Impact Study shows renters' smart financial decisions are helping to stabilize a volatile market
by Marian McPherson Mar 2
EXp World Holdings' boom period continues
As the world worked from home in 2020, the parent company of the virtual cloud-based brokerage saw revenue grow 84%
by Patrick Kearns Mar 2