by Aidan Whalen | Aug 3, 2023 | Brokers, Industry News, Latest News, National, News, Premier, Tech |
Normally, a $20 million quarterly net loss wouldn’t be grist for positive spin, but Offerpad spun it that way, citing trimmed losses and a greater number of homes acquired in the second quarter as progress after selling most of the older homes in its inventory. In...
by Aidan Whalen | Aug 3, 2023 | Industry News, Latest News, National, News, Premier |
The 30-year fixed-rate mortgage (FRM) averaged 6.90% this week, up for the second week in a row from last week’s 6.81%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers: 30-year fixed-rate...
by Liz Ruggiero | Aug 2, 2023 | Brokers, Industry News, Latest News, National, News, Premier |
And just like that, a pair of rivals in the real estate portal sector are teaming up. As they prepare to release their second quarter earnings reports, Zillow and Redfin announced a partnership to connect home builders with buyers in the market. The collaboration...
by Liz Ruggiero | Aug 2, 2023 | Industry News, Latest News, National, News, Premier |
A new report from the National Association of REALTORS® (NAR) shows foreign buyers purchased $53.3 billion worth of U.S. existing homes from April 2022 through March 2023, a 9.6% slip from the previous 12-month period. According to the report, foreign buyers...
by Liz Ruggiero | Aug 2, 2023 | Industry News, Latest News, National, News, Premier |
Mortgage applications saw a second straight week of decreases, this week down 3.0% from last week’s dip of 1.8%, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA) for the week ending July 28, 2023. This week’s...
by Liz Ruggiero | Aug 1, 2023 | Industry News, Latest News, National, News, Premier |
Racial disparities in homeownership are partially contributed to by the mortgage industry, according to a new report from LendingTree. LendingTree’s new report took a look at the 2022 Home Mortgage Disclosure Act (HMDA) data, and found that the share of Black...