Barry Sternlicht: Rents will go up, and it's Jerome Powell's fault
The billionaire head of Sternwood Capital blamed Federal Reserve chief Jerome Powell's interest rate campaign for killing activity in the multifamily sector
by Ben Verde Jun 7
Renters are staying put for longer as housing costs rise
Affordability continues to create challenges for would-be buyers, keeping renters in place for longer, according to a new report from Redfin
by Ben Verde Jun 3
Even tech workers struggle to afford sky-high NYC rents
New York City tech workers could only afford about 35% of rental apartments available on the market last year, according to a new report
by Ben Verde May 22
UWM expands program that dispenses with title insurance
Nation's largest mortgage lender says brokers 'will no longer need to work with a title company or settlement agent for title work, balancing fees, scheduling closing or any related communication'
by Matt Carter May 17
Sun Belt cities see fastest rent deflation amid building boom
Nine of the 10 cities with the steepest drops in rent in April were in the Sun Belt, according to a new report by Redfin
by Ben Verde May 17
Blend trims loss, shrugs off decline in mortgage segment revenue
In reporting $20.7M Q1 loss, mortgage tech and cloud banking software provider says it's debt free and on faster track to profitability, thanks to $150M cash injection from Haveli Investments
by Matt Carter May 8
Low-income buyers' mortgage applications drop to 2018 levels
Households with a median income of $64K or less lost their buying gains in 2023, according to Redfin. The share of new mortgages issued to this group dropped 11% from 2020 to 2023
by Marian McPherson May 8
California Association of Realtors CEO resigns after 2 years
The California Association of Realtors CEO John Sebree has resigned, effectively immediately. Sebree left the Association 'to pursue other opportunities'
by Marian McPherson Apr 24
Canada easing mortgage terms for first-time new homebuyers
Mortgage changes set to take effect Aug. 1 are part of Canadian government's ambitious plan to boost housing construction by 2 million and help renters save up for a down payment
by Matt Carter Apr 15
Consumer housing sentiment drops for first time since November
Fading hopes that mortgage rates will come down in the next 12 months are primary drag on Fannie Mae's Home Purchase Sentiment Index, but job and income concerns also up in March
by Matt Carter Apr 8
Say farewell to the 'Forever Home'
You need to earn $100K just to afford a starter home. Rachael Hite writes that, like spotting a dodo bird, finding your forever home in today's market might be a thing of the past
by Rachael Hite Apr 4
New homeowners plan to spend 40% of income on repairs: Study
Thumbtack's survey revealed the depths of new homeowner anxiety regarding home repairs. The typical buyer surveyed spent $30K on repairs during their first year of homeownership
by Marian McPherson Apr 3
Nepo Babies grow up as data points to new phenomenon: Nepo Buyers
36% of Gen Zers and millennials who plan to buy a home in the near future intend to use a cash gift from family to contribute to a down payment, according to data from Redfin released Wednesday
by Lillian Dickerson Mar 27
Housing affordability will influence vote in 2024 presidential race: Poll
In a new survey released Monday, Redfin revealed more than half of US homeowners and renters 'feel negatively' about housing affordability and want a 2024 presidential candidate who can fix it
by Marian McPherson Mar 11