Fueled by deals, new-home sales soar to highest level in 17 months
New-home sales rose 4.4% in July to an adjusted annual rate of 714,000 as the supply of existing homes continues to drop, according to data released Wednesday by the US Census Bureau
by Ben Verde Aug 23
Can VC bring innovation to proptech? 'We have to'
A panel of VC investors at ICLV said funding had likely been delivered to new proptechs without enough diligence during the most recent bull cycle. Now is the time to get 'more prudent'
‘Just a freakish bit of data’: Sticker shock imperils spring home demand
Economists revealed to Intel how mortgage rates and inflation will bring the spring homebuying market back toward historical norms and become the new sales benchmark for years to come
by Marian McPherson Mar 15
Offerpad buys more time with $90M raise as end of runway approaches
Private placement with existing investors including CEO Brian Bair extends the company's cash burn runway by six months to a year, dilutes existing shareholders KBW analysts say
by Matt Carter Feb 1
First American's PRISM platform evolving beyond title insurance
After paymints.io deal, First American is evaluating additional third-party integrations to simplify transactions from point of sale to handing over the keys
by Matt Carter Nov 18
'Big four' title insurers take market share away from independents
As lenders pivoted from refinancing to more complex purchase loan transactions, independent title insurers saw premiums written drop by 18.4% from a year ago
by Matt Carter Sep 30
A man laying brick using mortar
Monthly housing starts rose 12.2% in August to a seasonally adjusted rate of 1,575,000, according to US Census Bureau data released Tuesday. August 2022 levels fell 0.1% year over year
by Ben Verde Sep 20
Inman's ultimate guide to navigating the topsy-turvy fall housing market
Buyers and sellers face a new reality where bidding wars will be rare, days on market stretch out and markets go from boom to bust (and bust to boom). But don't fear — Inman has you covered
by Marian McPherson Sep 19
Housing inflation isn't slowing yet. And it may prove tough to tame
The slowing housing market has yet to significantly reduce costs for most Americans. But economists believe more rate hikes may be on the way
by Daniel Houston Sep 13
First American touts Procision as 'next-generation' valuation model
The three Procision AVM solutions, offered at different price points, are tailored to fit specific needs and budgets of such clients as lenders, servicers and capital market decision makers
by Matt Carter Aug 18
Home sales should be falling, but not this fast. Here are 3 things to watch
Homebuying power has been in decline but the market fundamentals remain as strong as they were in 2019. Here is some advice from First American Chief Economist Mark Fleming
by Daniel Houston Aug 2
Housing costs eyed as major culprit in latest 9.1% inflation hike
Housing costs were one of the biggest drivers of inflation in June, pushing higher at a pace unseen since 1990, according to a report Wednesday from the Bureau of Labor Statistics
by Daniel Houston Jul 13
Proptech investor Paul Hurst sees a ton of opportunity in market shift
The problems that proptechs are trying to solve — inefficiencies in real estate transactions — remain, said Parker89 Managing Director Paul Hurst, while speaking at Connect Now Thursday
by Matt Carter Jun 23
Sellers are reducing asking prices. But don’t expect house prices to drop, economist says
Affordability challenges mean some sellers are reducing asking prices, but demand for homes continues to outpace supply, says First American Chief Economist Mark Fleming
by Matt Carter May 27
Rising home sales, prices help title insurers post record profits
Rising home sales and prices helped title insurers post their best second quarter earnings ever, thanks to lower claims and a surge in premiums driven by rising home sales and prices
by Matt Carter Sep 13