Source: Housing Wire — Detroit-based Rocket Companies, the parent of Rocket Mortgage, generated a whopping $1 billion profit in the first quarter, up from $865 million the previous quarter. Compared to its main competitors, the lender seems to be in a...
Source: Redfin —Â The typical home for sale found a buyer in 15 days, the fastest pace on record, during the four-week period ending May 8. Meanwhile, pending sales fell 6%, the largest year-over-year decline since June 2020 when the initial pandemic shock to...
Source: RisMedia — Mobile-based technology has helped streamline virtually every aspect of real estate for both the agent and customer. Whether it’s searching for a home or setting up a time to chat with a prospective client, there’s an app-based solution for...
Source: CNBC —Â It could be more listings on the market, or perhaps just fear that interest rates will move even higher, but homebuyers are showing more demand for mortgages. They are, however, turning even more to adjustable-rate mortgages (ARMs), which offer...
Source: Fox Business —Â HESSAM NADJI:Â Well, the rapid rise in interest rates is causing a lot of concern, especially in the housing market. Affordability is already a challenge. Nationwide, prices for homes are up 36% since the pandemic began. So since the end...
Source: Fortune —Â The most competitive housing market ever is finally showing signs of breaking. As data trickles in for April, it’s becoming clear that the historically hot housing market has flipped trajectories. It’s now in cooling mode. The...
