The homebuilders only have 80,000 completed new homes for sale — in a country of over 336 million people with more than 157 million people working. Why so low? Well, builders are in business to make money, they’re not a charity. It’s not the safest business model either because builders take a contract to buy […]
Price reductions ticked up this week for the first time since November in the face of rising mortgage rates. Inventory is rising across the country as home-buying affordability takes another hit. The pace of sales inched down, too. We can see the impact of higher mortgage rates slowing homebuyer demand. As demand slows, inventory grows. […]
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With market uncertainty, real estate agents had been sticking with their current brokerage., but that’s all starting to change. While inventory is still low, professionals
CoStar Group’s annual revenue increased by 12% during the fourth quarter of 2023, marking its 51st straight quarter of double-digit revenue growth. The company reported revenue
Infamous ransomware gang AlphV/BlackCat claimed it was behind the January cyberattack at top 15 U.S. mortgage lender loanDepot. loanDepot, which originated about $17 billion in
The dream of homeownership is becoming more attainable for many Americans, with 10.5 million homeowners added between 2012 and 2022. Some racial minorities also witnessed
Fairway Independent Mortgage Corporation announced on Tuesday a series of reverse mortgage maneuvers designed to increase the company’s investment in the space. The first initiative
More Americans are reaching the milestone age of 65, and these people are redefining what 65 looks like in comparison to prior generations — with
Warburg Pincus-backed fintech Sagent launched on Wednesday its new servicing software platform called Dara, which has a single real-time database and user experience across the entire core, consumer and default servicing life cycle, according to the company. It’s the first launch for Sagent under the leadership of recently appointed CEO Geno Paluso, a
With market uncertainty, real estate agents had been sticking with their current brokerage., but that’s all starting to change. While inventory is still low, professionals are seeing light at the end of the tunnel. According to Relitix’s Agent Movement Index continues to rise on a seasonally adjusted basis as agents
CoStar Group’s annual revenue increased by 12% during the fourth quarter of 2023, marking its 51st straight quarter of double-digit revenue growth. The company reported revenue of $640 million and net income of $96 million for the quarter. Meanwhile, the company reported revenue of $2.46 billion for the year ending Dec.
Infamous ransomware gang AlphV/BlackCat claimed it was behind the January cyberattack at top 15 U.S. mortgage lender loanDepot. loanDepot, which originated about $17 billion in mortgages in the first three quarters of 2023, had reported that a cyberattack brought down the company’s systems earlier this year. The ransomware gang claimed
The dream of homeownership is becoming more attainable for many Americans, with 10.5 million homeowners added between 2012 and 2022. Some racial minorities also witnessed a surge in their homeownership rates. According to a new report from the National Association of Realtors (NAR) titled “A Snapshot of Race and Home
Fairway Independent Mortgage Corporation announced on Tuesday a series of reverse mortgage maneuvers designed to increase the company’s investment in the space. The first initiative is the decision to rejoin the National Reverse Mortgage Lenders Association (NRMLA), which the company left at the end of 2021 under previous reverse division