For-sale housing inventory is sitting at its highest point in years despite a pullback in new listings, and the contrasting numbers indicate long-standing affordability challenges are still impacting the market, leading real estate brokerages found. Approximately 1.36 million homes were on sale in June, the greatest volume since late 2019, according to the latest data […]
What’s behind the increase in housing inventory? Read More »
A little more than a month after it agreed to sell all of Title365 to Covius Services, Blend Labs is entering into “an expanded partnership” with Doma to use its artificial intelligence-powered instant decisioning technology. “This partnership with Doma reinforces our core focus: delivering innovative, software-driven solutions that create real value for our customers,” said
Blend, after Title365 sale, expands partnership with Doma Read More »
While some would-be U.S. homebuyers are feeling squeamish about high interest rates and broader economic uncertainty, foreign buyers are increasingly eager to get a slice of the country’s housing market. Foreign buyers bought more than 78,000 homes between April 2024 and March 2025, according to a study from the National Association of Realtors, a 44%
Foreign buyers snapping up U.S. homes again Read More »
In June, home price growth cooled to its slowest pace in two years, with over a quarter of top U.S. markets posting annual price depreciation, according to the latest data from Intercontinental Exchange. The rate of annual growth decelerated to 1.3% across the country in June, falling from 1.6% a month earlier, ICE’s mortgage technology
Caution signs appear as home price depreciation spreads Read More »
The stronger-than-expected employment report is the catalyst for ending a five-week streak of declining mortgage rates, Freddie Mac reported. The 30-year fixed rate mortgage averaged 6.72% as of July 10, a gain of 5 basis points compared with the prior week when it averaged 6.67%, the Freddie Mac Primary Mortgage Market Survey reported. But it
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For the first time since mid-April mortgage rates fell below 6.7%, but the data doesn’t take into account the diminished likelihood the Federal Open Market Committee will reduce short-term rates at this month’s meeting. It is a result of this morning’s jobs report coming in hotter than expected, with observers now postulating the Fed is
Mortgage rates drop again but chance of Fed cut also falls Read More »
Rocket Companies announced Tuesday it has officially closed its $1.75 billion acquisition of Redfin. In light of that, Rocket is launching a product called Rocket Preferred Pricing to encourage consumers to use both its mortgage and real estate services. Borrowers who purchase a home with a Redfin agent and finance it through Rocket Mortgage can
Rocket closes Redfin deal, rolls out buyer incentives Read More »
Even as some factors causing current affordability challenges show signs of easing, a new study points to how high a barrier many aspiring buyers still have to get over to achieve homeownership. To afford a typical U.S. home currently priced at $367,969, households earning today’s median salary would need an additional $17,670 in annual income
Buyers need up to $250K more in income in some cities Read More »
Investor reaction to events of the past eight days has contributed to mortgage rates moving below 6.8% for the first time since the start of May, Freddie Mac said. The 30-year fixed-rate mortgage was at 6.77% as of June 26, compared with 6.81% eight days prior and 6.86% for the same week in 2024, the
Mortgage rates slide after FOMC meeting, Iran attack Read More »
A long-term rise in the homeownership rate ended last year, and the latest report from the Harvard Joint Center for Housing Studies examines some reasons why. A widening gap between housing costs and wages contributed to the 30 basis-point drop in the ownership rate year over year to 65.6%, according to Census data. This marks
Homeownership stalls after a decade of gains Read More »