The median asking rent in June dropped by 0.5% year-over-year to $1,642, according to data from Redfin. This marked the fourth straight month of annual declines. On a month-over-month basis, asking rents rose 0.6%. June’s median asking rent is $63 below the $1,705...
Mortgage application activity shot up like a firework during the week ending July 4, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 9.4% on a seasonally...
The Federal Trade Commission (FTC) announced it will send $3 million in payments to consumers impacted by Ygrene Energy Fund, a home improvement financing company. According to the FTC’s October 2022 complaint, Ygrene and its network of door-to-door contractors...
Capital One Financial Corp. (NYSE: COF) will be shutting down the home equity lending business run by its recently acquired Discover operations. The website for Discover’s home loans business carries a statement that reads, “Discover Home Loans is no longer accepting...
The housing market is witnessing both a rise in active inventory and a simultaneous increase in the number of homes being pulled off the market. According to the Realtor.com June Housing Trends report, the active inventory soared 28.1% year-over-year to over 1 million...
The media giant Gannett Co. Inc. (NYSE: GCI) announced a multi-year agreement with AddressUSA to power an online real estate portal across the USA Today Network. AddressUSA’s listings will be integrated throughout the USA Today Network alongside editorial content...
