Zillow found that over the course of 2021, the gains most homeowners realized amounted to much more than the median income for the associated areas.
Read More »IMBs Suffer Production Profit Decrease
The average loan balance for first mortgages increased to a new high of $312,306 in Q4, resulting in negative net gains on each loan originated.
Read More »Closings Inch Down Ahead of Anticipated Spring Surge
RE/MAX released its National Housing Report for February 2022, revealing home sales fell approximately 1% from January, planning for what is typically the year's biggest month-over-month incline in ...
Read More »Panorama Mortgage Group Names New CFO
Panorama Mortgage Group (PMG), a multi-brand national mortgage company headquartered in Nevada, announced today that Ryan Rathert has joined the firm as Chief Financial Officer effective immediately. In ...
Read More »Spring Buying Season Projected to be a “Seller’s Market”
First-time homebuyers and downsizing buyers are competing for the same properties amid a severe housing shortage, as bidding war competition heats up.
Read More »New Home Purchases Decrease in February
According to the Mortgage Bankers Association's Builder Application Survey (BAS), data for February 2022 shows mortgage applications for new home purchases decreased by 1%, but on a year-over-year basis applications are ...
Read More »Homeowners Opting Not to Sell, Limiting Housing Supply
First American Financial Corporation released its First American’s Potential Home Sales Model for the month of February 2022. The Potential Home Sales Model measures what the healthy market ...
Read More »Fannie Mae Predicts Eight Rate Changes Before 2024
A slowing economy, decades-high inflation, expired fiscal stimulus, tightening monetary policy, and now Russia's invasion of Ukraine are all weighing on the health of the U.S. economy.
Read More »Vince Caicedo Announced as Branch Manager of Planet Home Lending
Planet Home Lending, LLC has hired Branch Manager, Vince Caicedo, to lead a new Jacksonville team that includes Emily Valdes as Assistant Branch Manager, Mortgage Loan Originators David Mumbauer, and Caleb Davis, ...
Read More »Price Gains, Low Inventory Fuels Homebuyer Competition
Economic uncertainty is sparking a rush of homebuyers snagging homes off the market faster than any other February, as home prices accelerate, and competition reaches a new high.
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