Mortgage applications decreased 21.9% from two weeks earlier, according to data from the Mortgage Bankers Association (MBA) for the week ending Dec. 27, 2024; the results included an adjustment to account for the Christmas holiday. The Market Composite Index, the...
As I sit at my kitchen table, sipping a steaming cup of mint herbal tea and reflecting on the past few years, one thing becomes abundantly clear: the concept of home has never been more significant. In a world full of uncertainties—economic upheavals, a global...
We live in an age where instant gratification has become the norm rather than the exception. With the click of a button, we can access information, purchase items, and even watch entire seasons of TV shows without waiting. Social media platforms, online shopping, and...
Pending home sales were up for the fourth consecutive month in November with a 2.2% uptick, reaching the highest level since February 2023. The National Association of Realtors’ (NAR) Pending Home Sales Index reached 79.0 last month; an index of 100 is equal to the...
Active listings during November were up 0.5% from October and up 12.1% year-over-year, reaching the highest level since 2020. However, a new data report from Redfin (NASDAQ: RDFN) pointed to a “pileup of unsold homes” as being a primary cause for this new peak. More...
UWM Gives Underwriters Bigger Role in New Underwriting+ Program
