Planet Home Lending, LLC has reached a definitive agreement to acquire certain assets of the delegated correspondent channel of Home Point Financial Corporation (Homepoint), a mortgage originator, servicer, ...
Read More »Sale-to-List Price Ratio Hits All-Time High
According to a new report from Redfin, the typical homebuyer’s monthly mortgage payment jumped to 39%, — the largest year-over-year gain on record as the average 30-year-fixed rate ...
Read More »Millennials Represent Largest Share of Adults Buying Homes
One-third of millennials say they feel pressured into buying a home at their age, while 43% are looking to buy to start building equity.
Read More »Senior Home Equity Surpasses Record-High $10.6 Trillion
According to the latest quarterly release of the NRMLA/RiskSpan Reverse Mortgage Market Index, homeowners 62 years and older saw their housing wealth grow by nearly 4% —or $405 ...
Read More »Home Improvement Expenses to Expand Nearly $450B by 2023
According to the Leading Indicator of Remodeling Activity (LIRA) released by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University, expenses for improvements ...
Read More »Buyer Demand Slips, Showing Signs of Market Cooldown
According to a new report from Redfin, homebuyer demand softened further over the last several weeks, as a typical slump in buying and selling over Easter and Passover ...
Read More »Housing Market Begins to Adjust to Current Conditions
First American Financial Corporation released the February 2022 First American Real House Price Index (RHPI). The RHPI measures the price changes of single-family properties throughout the U.S. adjusted ...
Read More »Closing Costs Keep Pace With Home Prices and Purchase Volumes
CoreLogic’s ClosingCorp has released its most recent Purchase Mortgage Closing Cost Report, showing the national average for mortgage closing costs for a single-family property in 2021 was $6,905, ...
Read More »Sprout Mortgage Names Vincent Daino Senior VP of Strategic Relationships
Sprout Mortgage has announced the hiring of Vincent Daino as Senior VP of Strategic Relationships. In his new role, Daino will focus on growing and overseeing the company's ...
Read More »Housing Inventory Down 22% From Last Year
Rapidly rising mortgage rates are worsening affordability challenges that have been brought on by record home value growth. According to the March Zillow Real Estate Market Report, monthly ...
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