With listings scarce and refinancings sluggish, the strategy of partnering with homebuilders to form joint ventures like Onx X+ Mortgage is to grow loanDepot's purchase loan business
Buyers can put as little as 5% down when taking out a new construction loan, with 1 closing and an optional float-down to secure a lower interest rate, according to United Wholesale Mortgage
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
NHC Mortgage will offer home loans in Florida, Iowa and North Carolina, with plans to expand to 9 other states in 2023
LoanDepot has formed 3 joint ventures with builders in just over 4 months
The real estate industry threw some curveballs. Take Inman's real estate news quiz to demonstrate how strong your talking points and cocktail banter are this week
The new partnership with roughly a dozen homebuilders in Zillow Offers markets will allow consumers looking at new construction homes the freedom of a flexible closing date
Dublin's comparably affordable housing and quality schools are attracting new residents
Prices expected to move higher in the coming months
Energy-savings features add more than $100,000 to the cost of the home
New homes start in the 500,000s, existing median price sits at $530,000
Despite experiencing the largest uptick in single-family permit activity during the second quarter, the metro is only one-fourth recovered.