Real estate in 2022: When the #@!$ finally hit the fan
Soaring mortgage rates, slagging sales, thousands and thousands of layoffs: The past 12 months have offered a jarring reminder that what goes up must come down
by Jim Dalrymple II Dec 19
Housing affordability hits record low, with cities in South hit hardest
Cities in the Southeast once considered affordable are becoming more and more expensive as housing affordability reaches its lowest levels, according to a new report
by Ben Verde Dec 5
Zoodealio's smart upgrades reflect an evolving industry: Tech Review
One-time Inman New Kid on the Block, Zoodealio's updates adjust to new purchasing models created by the mortgage-hybrids, and introduce another way to sell: Cash+
by Craig C. Rowe Dec 2
Want to buy a home? You'll need to earn at least 6 figures
Buyers need to earn at least $107,281 to afford the $2,682 monthly mortgage payment on the typical American home, according to a new report
by Ben Verde Nov 15
Billions in losses, a brutal market and more from Q3 earnings season
A slowing market is taking a toll on big real estate companies, though not every firm is suffering equally. A look back on the past 3 dramatic weeks of third-quarter wins, losses and draws
by Jim Dalrymple II Nov 14
Real estate companies are about to tell us just how bad the downturn is
Many of the industry's big companies are about to report their third-quarter earnings. The reports will offer the first in-depth look at how firms coped with a rapidly cooling market
by Jim Dalrymple II Nov 2
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
Mortgage is the new money pit for portals: Mike DelPrete
Opinion
Billions of dollars have been invested to disrupt the mortgage process — which is the path to profitability for many real estate tech companies
by Mike DelPrete Oct 3
RE/MAX's Motto Mortgage named a top 'recession-proof' opportunity
As lenders pivot to serve homebuyers, RE/MAX franchisor's 'mortgage brokerage-in-a-box' also makes separate list of top franchise opportunities for Black entrepreneurs
by Matt Carter Sep 29
Opendoor expands rapid preapproval app to 3 new states
Once only available in California, the expansion will see the Opendoor Finance App available in Texas, Arizona and Georgia, promising consumers preapproval letters in 60 seconds or less
by Jim Dalrymple II Sep 28
Mortgage rates pass 6% as demand for loans continues dramatic fall
Purchase loan applications fell 29% from the same period last year, the result of rising rates that are double their levels from 2021, according to the Mortgage Bankers Association’s weekly index
by Daniel Houston Sep 14
Banks reclaim more properties in August as foreclosures tick upward
Foreclosure notices have been on the rise in the past year, but actual bank repossessions remain scarce. That may be starting to change
by Daniel Houston Sep 8
Chinese real estate crash sparks mortgage boycotts
In China, most recent buyers of new apartments took out mortgages before their buildings were finished. Now many are threatening to not pay
by Daniel Houston Aug 17
Zillow Home Loans continues its unprofitable run: Mike DelPrete
Like much of the industry, Zillow's mortgage operation, which includes Zillow Home Loans, has seen a steep decline in revenue and continues to burn cash
by Mike DelPrete Aug 12
Homeward sheds 20% of workforce amid 'sudden and sizable' downturn
Founder and CEO Tim Heyl told employees in a letter Wednesday that the slowing market had made a sizable dent in the company's 'buy with cash' product, according to a spokesperson
by Daniel Houston Aug 10