The Federal Housing Administration (FHA) published a Mortgagee Letter that increases the threshold at which a multifamily loan is considered a large loan from $75 million to $120 million. This marked the first increase in the multifamily loan threshold since 2014. The...
eXp Realty, the Bellingham, Washington-based subsidiary of eXp World Holdings, Inc. (NASDAQ: EXPI), has introduced Boost program to financially incentivize qualifying independent teams and brokerages to join its network. According to the company, the program will...
Pending home sales were an increasingly elusive concept in May, according to new data from the National Association of Realtors (NAR). The trade group’s Pending Home Sales Index (PHSI) – a forward-looking indicator of home sales based on contract signings – was down...
One-quarter of American homebuyers, a new record level, are looking to move to a different metro area, according to data from Redfin (NASDAQ:RDFN). In comparison to current level of 25.4% homebuyers looking outside of their area, the share considering relocation was...
Despite still-high rates and a still-low housing inventory, mortgage application activity was on the rise last week, according to new data from the Mortgage Bankers Association (MBA). The Market Composite Index, a measure of mortgage loan application volume, increased...
The concept of keeping up with the Joneses has a new digital twist as most younger Americans go online to spy on the value of their friends’ homes. According to a new survey by Mphasis Digital Risk of 1,386 adults ages 46 and younger, the majority (66%) acknowledged...
Hits and Misses for the Real Estate Week of May 11-15
