A new forecast by Lawrence Yun, chief economist for the National Association of Realtors (NAR), is predicting the sale of 4.71 million existing homes during 2024. Speaking before NAR’s fifth annual year-end Real Estate Forecast Summit: The Year Ahead, Yun predicted...
Mortgage application activity was on the rise again, according to data from the Mortgage Bankers Association (MBA) for the week ending Dec. 8. The MBA’s Market Composite Index was up by 7.4% on a seasonally adjusted basis from one week earlier while the unadjusted...
The median asking rent in November declined 2.1% from one year ago to $1,967, according to new data from Redfin (NASDAQ:RDFN). This represents the biggest annual drop since February 2020; the decline from October was 0.6%. “Renters are finally catching a break,” said...
A corner of Warren Buffett’s business empire is being lassoed into the percolating controversy on real estate commissions. Reuters reported that Everest Consulting Group LP, an affiliate of Buffett’s Berkshire Hathaway (NYSE:BRK.A) and Anywhere Real Estate...
loanDepot Inc. (NYSE: LDI) has released its melloNow underwriting engine, which is designed to provide conditional loan approval in minutes. According to the Irvine, California-based company, melloNow uses a fully digital verification process to evaluate applications,...
Mortgage credit availability declined in November, according to data from the Mortgage Bankers Association (MBA). The trade organization’s Mortgage Credit Availability Index (MCAI) dropped by 1.7% to 96.5 last month; the index was benchmarked to 100 in March 2012. The...
Senate Approves 21st Century ROAD to Housing Act
