Homebuyer sentiment falls for the 8th month in a row to all-time low
Only 16% of those surveyed by Fannie Mae in October said it was a good time to buy a home, and the percentage who said it's a good time to sell also fell, according to new data released Monday
by Matt Carter Nov 7
UWM overtakes Rocket Mortgage as biggest US lender after strong Q3
United Wholesale Mortgage says it's attracting not only homebuyers, but mortgage originators, by slashing rates and offering the latest technology to build market share
by Matt Carter Nov 4
Rocket's profits down 93% as mortgage originations fall
With rising mortgage rates drastically curtailing lending, Rocket Mortgage saw third-quarter mortgage originations plummet by 73% from a year ago, to $23.7B
by Matt Carter Nov 3
Pointing to Ukraine war, Fed approves another drastic rate hike
Federal Reserve Chairman Jerome Powell says pace of rate hikes could slow but may ultimately need to go higher than policymakers had forecast at their September meeting
by Matt Carter Nov 2
Slight dip in mortgage rates not enough to spark homebuyer demand
Demand for purchase loans fell 1% last week compared to the week before, and was down 41% from a year ago, according to a new Mortgage Bankers Association survey released Wednesday
by Matt Carter Nov 2
Robert Reffkin gets real at Compass REtreat: 'Hope is not a strategy'
At Compass' annual REtreat in Atlanta, CEO Robert Reffkin used his keynote to give an honest and intimate review of his company's post-IPO performance and cast a vision for the future
by Marian McPherson Oct 26
Mortgage demand hits lowest level in 25 years as rates keep rising
With a Fed meeting looming next week, rates on 30-year fixed-rate mortgages have surged well past the 7% threshold, a Mortgage Bankers Association survey released Wednesday shows
by Matt Carter Oct 26
CoStar sees revenue, profit jump in Q3 despite slowing housing market
In an earnings call Tuesday, the real estate giant pointed to its Apartments.com business as a particularly successful standout in an otherwise challenging market this summer
by Jim Dalrymple II Oct 25
Splitero expands equity-sharing service into Colorado, Washington
The expansion comes as 85% of homeowners with a mortgage have a rate far below the current 7% yet high equity in their home. Splitero said expansion plans will continue in other states in 2023
by Taylor Anderson Oct 25
4 things to watch as Compass' annual conference unfolds this week
Compass became the largest company of its kind in the US this year, but is holding its annual gathering as the real estate industry navigates uniquely troubled waters
by Jim Dalrymple II Oct 25
Side carries out new round of layoffs amid slowing market
The latest round of cuts comes after the company laid off 10 percent of its workforce in June. Side's layoffs are among dozens of others in the housing industry this year
by Jim Dalrymple II Oct 24
Mortgage rates punch through 7% but may pause for Fed clues
Several Fed policymakers have hinted that they'd be open to a smaller increase in short-term rates in December if there are signs that inflation is starting to ease
by Matt Carter Oct 21
Mortgage demand hits lowest level since 1997 as rates continue to rise
Thirty-year, fixed-rate loans hit 6.982% on Oct. 13, a new 2022 high, according to an Optimal Blue Mortgage Market index. According to an index by Mortgage News Daily, rates were at 7.15%
by Matt Carter Oct 19
Heading off surprises helps keep deals on track as rates rise
Power buyers and mortgage lenders are providing certainty to homebuyers and sellers, industry leaders said at Inman Connect on Tuesday
by Matt Carter Oct 18
EXp CEO: We're aiming for 250K agents in US — but growth is slowing
Despite ambitious goals, the virtual brokerage eXp Realty is seeing its growth slow amid a lagging market — and the company is unlikely to hit a target Sanford set earlier this year
by Jim Dalrymple II Oct 14