Industry News

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New Home Price Insights for August 2023
Wed, 04 Oct 2023 21:21:18 +0000
CoreLogic’s latest Home Price Index covering the month of August found that numbers are beginning to rebound after hitting an 11-year low earlier this spring.

Oral Arguments Begin in Constitutionality Case Against the CFPB
Wed, 04 Oct 2023 20:34:27 +0000
The U.S. Supreme Court heard opening arguments challenging the constitutionality of the Bureau’s funding through the Federal Reserve.

Affordability Surpasses Inventory as Top Housing Industry Concern
Wed, 04 Oct 2023 19:30:10 +0000
NAR polled more than 176,000 executives and senior management officials at real estate firms and found that housing affordability has left fewer buyers able to purchase a home due to the rise in prices and interest rates, as many potential sellers remain in place rather than choosing to sell.

Sagent Extends Partnership With Click n’ Close
Wed, 04 Oct 2023 15:54:10 +0000
The new five-year extension will enable Click n’ Close to power its entire enterprise mortgage servicing ecosystem with Sagent’s suite of cloud-based platforms.

Millions of Homes Sit Vacant Across the Largest U.S. Metros
Tue, 03 Oct 2023 21:56:32 +0000
A new study from LendingTree revealed nearly 5.5 million homes remain vacant nationwide, with many being unoccupied vacation homes, while some homes are still on the market, waiting to be sold or rented.

Sixteen Percent of Home Purchases Fell Through in August
Tue, 03 Oct 2023 21:16:36 +0000
Home purchases fell through at a rate of 15.7% in August, a number which is up 14.3% year-over-year and the highest number recorded since October 2022.

SFR Growth Experiences 15th Consecutive Month of Deceleration
Tue, 03 Oct 2023 20:59:09 +0000
Annual U.S. single-family rent growth dropped to a near three-year low in July, falling to 3.1%, according to CoreLogic's latest Single-Family Rent Index.

Real Estate Investors Find Optimism in Market Opportunities Ahead
Tue, 03 Oct 2023 19:47:54 +0000
In a new poll from RCN Capital, in conjunction with CJ Patrick Company, 72% of the real estate investors surveyed felt that market conditions for investing were better or the same as one year ago.

Fannie Mae Partners With Pulsenomics on New Home Price Expectations Survey
Tue, 03 Oct 2023 16:44:49 +0000
The GSE, in conjunction with research and consulting firm Pulsenomics, will produce a quarterly poll surveying more than 100 housing experts across the industry and academia to forecast future home price changes.

Mortgage Monitor Finds Modest Opportunity in Refi Market
Mon, 02 Oct 2023 21:41:02 +0000
Alongside rising interest rates, the average equity withdrawal among cash-out refinances has also risen by nearly 90% from its low in 2020.