Mortgage application activity took a vibrant upswing during the week ending April 17, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 7.9% on a seasonally...
Pending home sales in March increased by 1.5% from February but were down by 1.1% from one year ago, according to the National Association of Realtors (NAR). Month-over-month pending home sales increased in the Northeast and South but declined in the Midwest and West....
A land buying frenzy created during the pandemic era permanently disrupted the housing market, according to an inaugural data analysis report on land listings by Realtor.com. Since the first quarter of 2019, land market contracted by 23.6% and has yet to recover. Over...
PennyMac Financial Services Inc. (NYSE: PFSI) and PennyMac Mortgage Investment Trust (NYSE: PMT), the Official Mortgage Provider of Team USA and the 2028 Los Angeles Olympic and Paralympic Games, had unveiled the “Welcome Home: Athlete Mortgage Program,” an initiative...
The build-to-rent (BTR) property development group Southern Impression Homes announced the completion of phase one of LyvWell at Harmony, a 213-unit townhome community in Arlington, Texas. Located in the Dallas metroplex, LyvWell at Harmony marks a first-time...
The real estate development company Cole West announced that it has closed on 38 homesites for a new community called Lone Tree in Syracuse, Utah. Located roughly 30 miles north of Salt Lake City, Lone Tree will consist of 38 single-family homes ranging from 3,500 to...
