VC-backed Roam seeks to connect buyers to assumable mortgages
In theory, all government-backed FHA, VA and USDA loans are assumable, and with mortgage rates at levels not seen in two decades, interest in this little-used option has been growing
by Matt Carter Sep 13
Bond market investors convinced Fed won't hike rates next week
Demand for purchase loans picks up slightly, and mortgage rates continue to remain below 2023 peaks, as latest inflation data out Wednesday doesn't ruffle investors who fund most mortgages
by Matt Carter Sep 13
2023 fall outlook: A cooler season roiled by homebuyer-seller friction
Commissions will take a hit from the seasonal real estate transaction fall-off. But unlike last year, home price growth may gain steam, according to an Intel analysis of housing market projections
by Daniel Houston Sep 13
The 2023 fall housing market won't look anything like the 2022 market
Windermere Real Estate Chief Economist Matthew Gardner revealed to Intel why an inventory surge in the fall of 2022 may have been a blip — and what that might mean for the housing market
by Daniel Houston Sep 13
Skittish sellers, hungry buyers: How the Fed tanked housing
Goldman Sachs economist Michael Murdoch criticized the Federal Reserve's rate strategy at Ben Kinney Companies' BuiltHOW conference, sharing how upcoming policies may impact 2024
by Marian McPherson Sep 12
Consumer homebuying sentiment has plateaued at 'pessimistic'
Most Americans polled by Fannie Mae last month said they would rather buy than rent, but a record-high 82% also said August was a bad time to buy, citing affordability concerns
by Matt Carter Sep 8
Purchase loan applications once again at lowest level since 1995
Mortgage rates are climbing back toward 2023 highs as more inflation data comes in hot, spurring fears of another Federal Reserve rate hike in November and 'higher for longer' policy
by Matt Carter Sep 6
Latest jobs numbers could be nail in the coffin for interest rate hikes
Mixed payroll and unemployment report sends long-term interest rates surging, but some analysts say the latest numbers reduce the odds of a September Fed rate hike
by Matt Carter Sep 1
Redfin President of Real Estate Services Adam Wiener is moving on
In a memo to employees, Redfin CEO Glenn Kelman said the 15-year veteran of the company will serve as an advisor after his final day on Sept. 8. Redfin has no plan to fill the vacated position
by Lillian Dickerson Aug 31
Homebuyer mortgage demand picks up for 1st time in 6 weeks
After dipping to lowest level since April 1995, applications for purchase mortgages edge up 2% week over week but remain down 27% from a year ago as mortgage rates retreat from 2023 highs
by Matt Carter Aug 30
Pending sales rise at fastest clip since January as buyers shift gears
Building on upward momentum from June, pending home sales rose 0.9% in July even as analysts expressed doubt the rally would last, according to new National Association of Realtors data
by Ben Verde Aug 30
US home prices near 2022 high as prices rise for fifth-straight month
US home prices rose to within 0.02% of an all-time high tallied in June 2022 as cities nationwide posted a fifth month of increases, according to data released Tuesday by CoreLogic and the FHFA
by Ben Verde Aug 29
Interest rates stay anchored after Fed chair's hawkish speech
After an initial swoon, bond markets take Federal Reserve Chairman Jerome Powell's tough talk on inflation in stride, but housing sector remains vulnerable to further rate hikes
by Matt Carter Aug 25
Pending home sales climb to 2023 high following months of declines
Pending home sales rose 0.7% from June to July, reversing 7 months of declines. However, rising rates and home prices are poised to stifle sales growth into the fall, Redfin said on Friday
by Marian McPherson Aug 25
Consumer unease over inflation rekindled in August following rally
Consumer sentiment dipped to 69.5 in August following months of recovery, a downward shift that underscores the complex web of rapidly changing expectations, according to data released Friday
by Daniel Houston Aug 25