U.S. Housing Market
Report: Housing Affordability at Best Level Since Early 2023
The average credit score for purchase locks climbed above 736, the highest recorded in the six-year history of ICE’s origination dataset Continue Reading Report: Housing Affordability at Best Level Since Early 2023
KB Home Unveils New Seattle-Area Community
Pricing at Greenleaf Grove starts at $1.3 million. Continue Reading KB Home Unveils New Seattle-Area Community
Mortgage Applications for New Home Purchases Down in May
The average loan size for new homes increased from $376,992 in April to $379,209 in May. Continue Reading Mortgage Applications for New Home Purchases Down in May
Real Estate Investor Sentenced to Probation for Role in $165 Million Mortgage Fraud
Drillman pleaded guilty in December 2023 to one count of conspiracy to commit wire fraud affecting a financial institution. Continue Reading Real Estate Investor Sentenced to Probation for Role in $165 Million Mortgage Fraud
Premier Mortgage Resources Debuts Specialty Products Division
“The mortgage landscape is evolving, and so are the needs of our clients,” said Cory Swain, CEO. Continue Reading Premier Mortgage Resources Debuts Specialty Products Division
OUCH! US Homeownership Rate at Lowest Level Since 1970
As homeownership levels sank, rental housing levels increased. Continue Reading OUCH! US Homeownership Rate at Lowest Level Since 1970
Colonial Savings Exits the Origination Space, Focusing on Mortgage Servicing
The company’s origination business has its roots in Fort Worth Mortgage, which was founded in 1952. Continue Reading Colonial Savings Exits the Origination Space, Focusing on Mortgage Servicing
Ryan Serhant Begins Shooting New Real Estate-Focused TV Show
Serhant’s new show is on location at a triplex penthouse in the world’s tallest condominium tower. Continue Reading Ryan Serhant Begins Shooting New Real Estate-Focused TV Show
Mortgage Rates Go Up, Up and Away
The national median mortgage payment during April was $2,112, an 11.8% spike from $1,889 in April 2022. Continue Reading Mortgage Rates Go Up, Up and Away
Number of Vacant Homes in Foreclosure Up for Fifth Straight Quarter
Among the pre-foreclosure properties, 8,752 sit vacant as zombie foreclosures. Continue Reading Number of Vacant Homes in Foreclosure Up for Fifth Straight Quarter
Pending Home Sales Remained Stagnant in April
“Not all buying interests are being completed due to limited inventory,” said NAR Chief Economist Lawrence Yun. Continue Reading Pending Home Sales Remained Stagnant in April
Mortgage Delinquency Rate Crashes to a New Low
No state posted an annual increase in overall delinquency rates in March. Continue Reading Mortgage Delinquency Rate Crashes to a New Low
More Than 2 in 5 Home Sellers Are Making Concessions to Buyers
Just over one in seven home sellers dropped their asking price in addition to providing a concession. Continue Reading More Than 2 in 5 Home Sellers Are Making Concessions to Buyers
Property Flipping, NYC-Style: Luxury Condo Poised to Sell at $75M
The 6,000-square-foot unit was acquired in 2020 by a Delaware-based LLC for $54 million. Continue Reading Property Flipping, NYC-Style: Luxury Condo Poised to Sell at $75M
DCHFA Unveils Investor Relations Website
The new DCHFABonds.com site will provide data and documents to investors about its bond programs. Continue Reading DCHFA Unveils Investor Relations Website
