Quicken Loans files for IPO as Rocket Companies
The Detroit-based lender announced the Rocket brand in 2015 and now plans to use the symbol RKT on the New York Stock Exchange
by Jim Dalrymple II Jul 7
Scores of real estate companies took home large PPP loans
Luxury brokerages, franchises for brands such as Realogy and Keller Williams, MLSs and local Realtor organizations all received money from the Paycheck Protection Program
by Jim Dalrymple II Jul 7
Home price growth stays strong amid high demand: CoreLogic
In May, nationwide home prices rose by 4.8% compared to the same time last year
Making sense of the headlines: What’s holding millennials back from homeownership?
Opinion
Looking for a little clarity on this week's news? Windermere Chief Economist Matthew Gardner looks at the factors that influence millennials' ability and will to buy a home
by Matthew Gardner Jul 7
As eviction bans expire, experts predict a nationwide housing 'nightmare'
Richard Rubin, the founder of affordable housing company Repvblik, said that the eviction crisis will also hit commercial real estate
Black, Hispanic homeowners slapped with higher property taxes: study
Based on panel and taxing entity data, researchers found Black and Hispanic homeowners pay up to 13% more in property taxes, according to a joint study by Indiana University and the University of California-Berkeley
by Marian McPherson Jul 6
Mortgage rates hit all-time low heading into July 4th weekend
The average 30-year mortgage hit a new all-time low of 3.07% this week, according to data from Freddie Mac released Thursday
by Patrick Kearns Jul 2
Home prices begin to stall
Median home prices stayed the same or decreased in 17 states and half of all analyzable metro areas from April to May 2020, according to new figures from Attom Data Solutions
Unemployment rate continues decline in June, but virus still looms
The real estate sector — not including rental and leasing — added more than 18,000 jobs in June, according to the US Department of Labor in a report released Thursday
by Patrick Kearns Jul 2
New data shows agents are feeling optimistic moving into summer
As states reopen, and the housing industry remains a solid place for consumers to invest, data from Homesnap indicates that 2020 may finish stronger than expected
by Rachael Hite Jul 2
Inventory continues to fall in June
Housing inventory across the US was down 27.4% year over year, or approximately 363,000 fewer homes during the same period last year, according to realtor.com
Small business loan program ends with billions unspent
The Paycheck Protection Program suffered from a rocky rollout, but ultimately stops accepting applications Tuesday with more than $100 billion still on the table
by Jim Dalrymple II Jun 30
Home price gains are holding steady: Case-Shiller
Home prices were up 4.7% year over year in April, according to the S&P CoreLogic Case-Shiller US National Home Price NSA Index, released Tuesday
by Patrick Kearns Jun 30
Making sense of the headlines: A look at housing affordability
Opinion
Windermere Chief Economist Matthew Gardner explains why the issue stems from inadequate supply — in combination with rising, demographically driven demand — pushing prices to record highs and rising faster than incomes
by Matthew Gardner Jun 30
What agents need to know about mortgages during (and after) COVID-19
As experts and advisers, real estate agents have always played an important role for homebuyers. But it’s clear that during the coronavirus era, they have even more responsibility to educate clients on what's happening in today's market
by Salomon Chong Jun 30
The rate of Black homeownership has declined in cities since 2012
Minneapolis, Salt Lake City and Milwaukee have the lowest homeownership rate for Black families, according to a new Redfin study released Monday
by Patrick Kearns Jun 29