Redfin: Home prices rise for the third consecutive month in June
In June, the nation’s home-sale prices rose for the third consecutive month, rising 3.4% from a year ago, according to new data from Redfin. This mean…
Future markets indicate a 0.25% cut at July Fed meeting
Traders in futures markets have signaled a 77.5% probability of a quarter percentage point cut at next week’s Federal Reserve meeting and a 22.5% chan…
Housing markets in these 3 states are seeing the most home-price growth
Nationwide, home prices are expected to level out after a four-quarter decline. But, of those markets that are bucking the trend with home prices expe…
Only half of Americans can afford an entry-level home
Just over half of Americans can afford an entry-level home as affordability issues continue to plague the nation’s housing market. According to a stud…
How Malibu's real estate market has changed after last year's wildfires
Things are returning to normal for the California housing market after wildfires ripped through Malibu and Topanga last November. Now, on empty lots w…
Equifax agrees to pay up to $700 million for data breach
Equifax, one of the nation’s top three credit reporting agencies, agreed to pay up to $700 million to settle federal and state investigations into the…
Housing discrimination lawsuit against Bank of America gets green light
A federal judge in Maryland denied a motion Thursday to dismiss a lawsuit brought against Bank of America and Safeguard Properties Management by the N…
Oregon close to becoming first U.S. state to ban single-family-only zoning
Earlier this month, Oregon’s legislature passed House Bill 2001, a measure that will require cities of more than 10,000 people to permit duplexes in a…
Chris Heller leaves loanDepot and mellohome for AI real estate company OJO Labs
Chris Heller shocked the housing world last year when he stepped down as CEO of Keller Williams to become the CEO of mellohome, loanDepot’s attempt to…
Stagnant wages, vacant homes are undercutting housing markets, U.S. mayors say
The two biggest villains undercutting housing markets in American cities are stagnant wages and vacant properties, according to a report this week fro…
First American: Growth in potential existing-home sales dampened by lack of inventory
In June, potential existing-home sales increased slightly from the previous month, keeping the market’s potential below its 2018 rate, according to Fi…
Renovation spending will slow in 2020 after record-setting year, Harvard report says
While renovation spending rose to a record at the end of June and will reach a new high by the end of 2019, a slowdown is on the horizon. Americans sp…
Fewer Millennials are seeking mortgage help from parents
Millennial homebuyers are less likely to take extraordinary measures to be able to afford their mortgage payments in 2019, according to a study from R…
Foreign buyers flee the U.S. housing market, led by Chinese and British
China’s currency controls, as well as international tensions between the U.S. and a slew of countries traditionally thought of as our allies, are putt…
Mortgage Tech Rundown: Anow, LoanScorecard and FormFree
This week's mortgage tech rundown highlights the latest news in mortgage technology, featuring product updates, integrations and announcements.
U.S. homeowners have never stayed put for this long
American homeowners are staying put longer than ever before, with the average tenure reaching a record high of 8.09 years in the second quarter of 201…
Average home seller saw 34% return on their investment in Q2
Homes may be appreciating more slowly than before, but homeowners are still rolling in the equity, realizing significant returns when they opt to sell…
Median home price climbs to all-time high
The median price of single-family homes in the U.S. has climbed to a record high, reaching $266,000 in the second quarter. That’s up 10.8% from the pr…
TurboTenant raises $6.5 million to support multifamily housing
In funding led by Real Estate Technology Ventures, TurboTenant has raised $6.5 million in an effort to expand its marketing and development teams, and…
Homeowners are taking on fewer house projects, but they're spending more
The volume of home maintenance and remodeling projects is declining, while spend for both is increasing, and this all signals the likelihood of a cont…
Charles Manson murder house lists for $1.98 million
The Los Angeles home where Charlie Manson and accomplices murdered Leno and Rosemary LaBianca has hit the market for $1.98 million, three weeks short…
Housing starts slid further in June as rising construction costs weakened the market
Rising construction costs and a growing shortage of skilled labor contributed to housing starts falling further in June, according to the latest repor…
Fannie Mae lowers mortgage rate forecast and says home-price growth will accelerate
Fannie Mae issued a new forecast that predicts the average U.S. rate for a 30-year fixed mortgage will be 3.7% in the second half of 2019, down from t…
MoxiWorks hires two new directors of business development
Real estate technology company MoxiWorks has taken on two new recruits with extensive backgrounds in the mortgage and housing industry. Kirsten “Kiki”…
Former Freddie Mac CEO says GSEs should be regulated like utilities
Two weeks into his new gig as a senior fellow at Harvard University’s Joint Center for Housing Studies, Donald Layton, who was the CEO of Freddie Mac…
Homebuilder confidence rises slightly, but cost concerns threaten future growth
Although homebuilder confidence inched forward one point to 65 in July, many builders still report rising construction costs as a major cause of conce…
Americans spent an average of $9,081 on home improvements in 2018 alone
Digital marketplace HomeAdvisor indicates that consumer spending on home improvement projects has increased by 17% since last year. According to the c…
Realogy slapped with class-action suit for securities fraud
For nearly six months, the ongoing debate over buyer broker compensation has loomed large over the real estate industry, with two lawsuits taking the…
Rental prices hit a median of $1,465 in June
As rent prices continued to climb in June, RentCafé indicates that the nation’s mid-year average rent spiked $37 from the previous year. According to…
