Rocket, UWM cut a combined 9,500 positions in 2022, new filings show
Companies say that instead of laying off workers, they're trimming their payrolls through attrition or by offering voluntary buyouts
by Matt Carter Mar 3
Steady home-price growth to resume in 2024, experts predict
Price growth will pick back up in 2024 and hit a rate of 3.5 percent annual growth every year through 2027, according to a panel of housing experts surveyed by Zillow and Pulsenomics
by Ben Verde Mar 2
As locals balk, foreign buyers take renewed look at US homes
Real estate firms that work with foreign buyers have seen an uptick in business from outside the US, 'The Wall Street Journal' reports
by Daniel Houston Mar 2
Housing inventory shoots up as homes sit longer on the market
A new report from Realtor.com shows that homes were sitting on the market for an average of 67 days in February, up from just 44 last year at the same time
by Jim Dalrymple II Mar 2
Rising mortgage rates a headwind for spring homebuying season
After 3 straight weeks of declines in mortgage applications, demand for purchase loans remains at the lowest level since 1995 for the 2nd week in a row
by Matt Carter Mar 1
Zillow gets vote of confidence from JP Morgan analysts
Analysts gave Zillow an 'overweight' rating which means they expect Zillow to outperform peer companies. The report also sets Zillow's share price target at $48 by December of this year
by Jim Dalrymple II Feb 28
BHHS CEO Christy Budnick is ready to dive into the spring market
As 'motivator and chief encourager' of Berkshire Hathaway HomeServices, Budnick said she's bullish about the upcoming year. Agents who get down to business will thrive, she added
by Lillian Dickerson Feb 28
Fannie and Freddie keep building capital reserves as profits shrink
By one measure, the mortgage giants have built up two-thirds of the reserves needed for them to be released from government conservatorship
by Matt Carter Feb 27
Offerpad lost $24K on every home sold in Q4 as losses hit record high
Offerpad sold more than 10,000 homes last year for the first time in company history, but posted a record $121.1M fourth-quarter loss, according to an earnings call for the iBuyer on Wednesday
by Matt Carter Feb 22
Total market value for US homes drops $2.3T from June: Redfin
In its latest real estate market report, Redfin said the total market value for US homes dropped $2.3T from June to December 2022 — the largest 6-month drop since the Great Recession
by Marian McPherson Feb 22
Homebuyer demand cools to lowest level since 1995 as rates rebound
Demand for purchase loans down 18% week over week and 41% from a year ago as mortgage rates rise for the second week in a row to hit new 2023 highs, MBA survey shows
by Matt Carter Feb 22
'Modest' recession could put a lid on 2023 home sales: Fannie Mae
Economic downturn could put a damper on a promising start to the spring homebuying season, but set the stage for mortgage rates to ease and sales to rebound in 2024, Fannie Mae predicts
by Matt Carter Feb 22
Inside Zillow's far-reaching bid to jolt its mortgage business
Even after ending its iBuyer program, Zillow remains bullish on mortgage. But first it has to totally reimagine its website, analysts and executives tell Intel. What could possibly go wrong?
by Daniel Houston Feb 22
Disparity in mortgage rates offered by lenders doubled in 2022: Study
Homebuyers can potentially save $600 to $1,200 a year by applying for a mortgage with multiple lenders, according to a new analysis released Thursday by mortgage giant Freddie Mac
by Matt Carter Feb 21
Keller Williams offloads mortgage division to Mutual of Omaha
Mutual of Omaha Mortgage has acquired Keller Mortgage for an undisclosed amount, according to an announcement on Monday. Keller Williams will retain an ownership stake in the company.
by Marian McPherson Feb 20