This is where it takes the longest amount of time to save up for a home
In Glendale, California, a homebuyer with a median household income for the area can expect to save for 15.1 grueling years, compared to counterparts in Detroit, who will save for just 2.6 years
by Lillian Dickerson Jan 10
Homes could get more affordable even if prices don't come down
Homebuyer affordability could improve by 9% by the end of next year if mortgage rates continue to fall and home prices plateau as expected, First American economist predicts
by Matt Carter Dec 27
After cutting Q3 losses, loanDepot has sights set on breaking even
The troubled lender has shed 5,200 workers through layoffs and attrition and is instituting other cost-cutting measures aimed at trimming $400M in annual expenses by the end of the year
by Matt Carter Nov 9
LoanDepot launches joint venture with National HomeCorp
NHC Mortgage will offer home loans in Florida, Iowa and North Carolina, with plans to expand to 9 other states in 2023
by Matt Carter Nov 2
Investment app Fintor raises $6.2M, aims for inclusivity in real estate
Public.com, Hustle Fund, 500 Global, VU Ventures, Graphene VenturesPublic.com, Hustle Fund, 500 Global, VU Ventures and Graphene Ventures all contributed to the funding extension
by Craig C. Rowe Oct 12
Ribbon expands footprint in Arkansas, Colorado and Illinois
In Hot Springs, Arkansas, Ribbon will work with agents at Crye-Leike, which also partnered with Ribbon when it launched services in Alabama
by Matt Carter Oct 5
Homebuyers in these US cities are backing out of deals at a higher rate
Phoenix, Las Vegas, Tampa and Austin attracted homebuyers at a higher rate during the height of the pandemic. But according to Redfin, those same Sun Belt cities are now cooling the fastest
by Ben Verde Sep 26
Amrock aims to offer smartphone closings everywhere they're allowed
The Rocket Companies subsidiary will roll out mobile eClosings for purchase loans by the end of 2022, an indication the practice of attending a closing in person may soon be coming to a close
by Matt Carter Sep 19
Kiavi says it's still making loans to real estate investors after layoffs
After unloading $218M in unrated residential transaction loans in June, CEO Michael Bourque said markets for such deals 'are certainly tough right now'
by Matt Carter Jul 18
Tennessee MLS Realtracs debuts new showing service
Realtracs Showings comes amid an ongoing race to build alternatives to ShowingTime, which Zillow acquired earlier this year
by Jim Dalrymple II Nov 11
Roofstock's new tool lets investors purchase shares in rental homes
Now through December, investors will have access to a limited time offer of investing in Roofstock One shares for $1K. After that, the minimum investment will start at $5K
Supreme Court shoots down latest eviction moratorium
Six justices called the CDC's claim of authority 'unprecedented' and indicated that if an eviction moratorium were to continue it would have to come from lawmakers, not the Biden Administration
by Jim Dalrymple II Aug 27
These are the most expensive states to insure a tiny home
It costs about 242% more to insure a tiny home in Oklahoma than across the remaining US states and District of Columbia, according to a new analysis
by Lillian Dickerson Aug 19
Federal eviction ban survives another day
A judge ruled on Friday that the latest eviction moratorium is likely illegal, but that it's ultimately up to a higher court to decide if it can continue
by Jim Dalrymple II Aug 13
Get paid to move: 6 regions wooing new residents with cash perks
Economic councils across the U.S. are trying to lure remote workers with incentives like cash, community events with other transplants, free flights and in the case of the Northwest Arkansas Council, a bicycle. And it seems to be working
by Lillian Dickerson Apr 30