New construction comes with a typical 20% premium versus existing stock, adding fuel to the fire as consumers compete for affordable housing options.
Read More »Increase in Consumer Optimism Drives Rise in Mortgage Rates
Mortgage rates have risen to 3.14%, up five basis points, with refi activity dipping for the fifth straight week.
Read More »Pending Home Sales Fall in September
NAR reports that in all regions, contract signings decreased from the prior month, and from one year ago, as some potential buyers momentarily pause their home search heading into Q4.
Read More »Angel Oak Companies Name New Chief Information Officer
Angel Oak Companies, a leading vertically integrated asset manager delivering mortgage and consumer credit solutions, has announced that David Raju has been appointed its Group Chief Information Officer. Raju was ...
Read More »Better Technology Doesn’t Necessarily Mean Better Profits
Based 20 years of data, researchers found that there is no correlation between how much a company spends on technology and a lower fulfillment cost per loan or a higher net production income for banks and independents.
Read More »Refi Activity Hits 20-Month Low
With rates on the rise, a slight uptick in purchase apps compensated for a slide in refinance apps, which hit lows last seen in January 2020.
Read More »House Price Appreciation Sets Record for Third Consecutive Month
U.S. home price appreciation reached 20.7% in August 2021, marking the third straight month it has reached a new record mark, according to the latest findings by First American.
Read More »Pet-Friendly Features Can Help Sell a Home Faster
Homes with more bedrooms and private outdoor space are seen as a premium for pet owners, who are more likely to buy homes over 3,000 square feet for their furry friends.
Read More »Rich Harkwell Joins Waterstone Mortgage as Chief Sales Officer
Focusing on long-term sales goals, 30-year industry vet joins Waterstone to work alongside sales and senior leadership teams to oversee the strategic sales growth of the company.
Read More »When It Comes to Homebuying, There’s a Digital Generation Gap
Millennials have embraced the digital homebuying process, but new data from RE/MAX shows that Generation X and boomers have been slower to adopt such measures.
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