Elon Musk’s prediction that the U.S. residential real estate market is on the cusp of a collapse received a sharp rebuke from Glenn Kelman, CEO of the brokerage Redfin (NASDAQ:RDFN). On Monday afternoon, the Tesla (NASDAQ:TSLA) chieftain offered a doom-and-gloom...
Americans were not rushing to fill out mortgage applications last week. The Mortgage Bankers Association’s (MBA) Market Composite Index, a measure of mortgage loan application volume, decreased 3.7% on a seasonally adjusted basis for the week ending May 26 compared to...
Property acquisitions by real estate investors during the first quarter were down by 48.6% from one year ago, according to new data from Redfin (NASDAQ:RDFN). This marks the largest annual decline on record, and outpaced the 40.7% drop in overall home purchases in the...
Too many Americans who recently bought homes are having some regrets over their new purchase – 93%, to be precise, according to a survey released by Clever Real Estate. In a nationwide poll of buyers who acquired homes between 2021 and 2023, more than half (56%) said...
SouthState Bank has unveiled the Opportunity Advantage Loan Fund, a new mortgage option that is designed to help qualified low-to-moderate income (LMI) borrowers achieve homeownership. The Opportunity Advantage Loan Fund is available for LMI homebuyers in Alabama,...
FHFA Cuts Inspector General Budget to $20 Million as Watchdog Warns of Deep…
