Homebuyer mortgage demand spikes 33% as rates set another record low

08-07-2020

After a brief pullback, homebuyers rushed back into the mortgage market last week, taking advantage of record low mortgage rates.Read more: https://www.cnbc.com/2020/07/08/homebuyer-mortgage-demand-spikes-33percent-as-rates-set-another-record-low.html

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Homebuyers rush back into the market as mortgage rates hit new low

08-07-2020

After a brief pullback, homebuyers rushed back into the mortgage market last week, taking advantage of record low mortgage rates. CNBC's Diana Olick reports.Read more: https://www.cnbc.com/video/2020/07/08/housing-market-interest-rates-mortgages-squawk-box.html

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Quicken Loans drops S-1 under the name Rocket Companies

07-07-2020

Quicken Loans on Tuesday filed an S-1 with the U.S. Securities and Exchange Commission under the name Rocket Companies. Last month, we reported that the largest online mortgage lender in the U.S. had confidentially filed for its prospectus for an IPO.  Today, the Detroit-based company revealed that it will list its common...

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2020 HousingWire Vanguard awards open for nominations

07-07-2020

It’s that time of year again — the 2020 HousingWire Vanguard awards just opened for nominations. You might notice a slight shift – we’re opening the nominations earlier than last year. That’s because for the first time ever, we are recognizing our Vanguards in the October/November issue of HousingWire Magazine, the...

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More proof that rent is getting cheaper across the U.S.

07-07-2020

Nationally, asking rents fell 0.4% in April and May, following nearly a decade of solid growth, a new report from Yardi Matrix revealed. Between January 2015 and the first quarter of 2020, before COVID-19 hit, asking rents grew a considerable 26% nationally. But that trend got thrown for a loop with COVID-19...

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Real estate CEO expects 'exodus' of central business districts to last the…

07-07-2020

As some residents and businesses migrate to the suburbs amid the pandemic, Marcus & Millichap's Hessam Nadji sees a downtown rebound similar to that in the years after 9/11.Read more: https://www.cnbc.com/2020/07/07/real-estate-ceo-central-business-district-exodus-may-last-two-years.html

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Individual investors versus institutions

07-07-2020

Panoramic image, Man hand holding piggy bank on wood table. Save money and financial investmentLarge institutional investors like Invitation Homes, American Homes 4 Rent and Amherst are poised to pounce on distressed property purchase opportunities in the aftermath of the coronavirus-induced economic downturn, according to a recent Wall Street Journal...

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Luxury home prices continue to drop, but Redfin economist thinks this could…

07-07-2020

Luxury home prices have dropped 2.3% year over year nationwide, Redfin said. In the 12 weeks ending June 14, the median sale price for luxury homes fell to $1,099,521, marking one of the biggest declines in luxury home prices since the beginning of 2015.  However, new data from Redfin shows that homes...

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Sprout Mortgage resumes correspondent lending

07-07-2020

Sprout Mortgage announced Tuesday it is resuming its correspondent lending operations, effective immediately. The company credits improvements to the secondary market over the last six weeks, permitting more origination activity and the correspondent channel relaunch. Initially, the correspondent channel will feature four loan programs including- J10 – Select Jumbo Full Doc –...

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Suburbs outside major cities are in high demand: Marcus & Millichap CEO

07-07-2020

Hessam Nadji, Marcus Millichap president and CEO, joins 'Power Lunch' to discuss the new real estate hot spots in the U.S. amid the coronavirus pandemic.Read more: https://www.cnbc.com/video/2020/07/07/suburbs-outside-major-cities-are-in-high-demand-marcus-millichap-ceo.html

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Is now a good time to buy a home? Over 60% of…

07-07-2020

Fannie Mae’s Home Purchase Sentiment Index, a composite index designed to track consumers’ housing-related attitudes, intentions and perceptions, increased nine points in June to 76.5. Although the HPSI is down 15 points year-over-year, June’s gain marked the second rise in HPSI since April’s almost record low. According to the report, 61%...

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Investors threaten to replace CoreLogic board in response to takeover bid rejection

07-07-2020

This morning, we reported that property data and analytics company CoreLogic Inc. had rejected an unsolicited $7 billion takeover bid from two of its major investors, Cannae Holdings and Senator Investment Group.  On June 26, Cannae and Senator — who jointly own or have an economic interest equivalent to approximately 15% of CoreLogic’s outstanding common stock...

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31% of renters doubt they will be able to pay next month’s…

07-07-2020

According to a LendingTree analysis of data collected by the Census Bureau in its ongoing Household Pulse Survey, about 2.1% of all renting households deferred rent for the previous month’s payment at the end of May. But the number of people deferring rent varies significantly by state, and overall...

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Colony Capital CEO on its shift to digital real estate

07-07-2020

CNBC's Leslie Picker talks with Marc Ganzi, Colony Capital president and CEO, on the company's shift to digital real estate.Read more: https://www.cnbc.com/video/2020/07/07/colony-capital-ceo-on-its-shift-to-digital-real-estate.html

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Home prices in Florida and Arizona expected to drop due to COVID-19…

07-07-2020

Despite home prices increasing 4.8% year over year in May, a report by CoreLogic predicts home prices will stall over the summer and estimates a 6.6% decline by May of 2021. The CoreLogic Home Price Index Forecast predicts a month-over-month price decrease of 0.1% in June, with all states expected to...

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CoreLogic rejects takeover bid, calls it an “opportunistic proposal”

07-07-2020

Property data and analytics company CoreLogic Inc. has rejected an unsolicited takeover bid from two of its major investors, Cannae Holdings and Senator Investment Group.  In a statement, CoreLogic Chairman Paul Folino described the bid as an “opportunistic proposal.” On June 26, Cannae and Senator — who jointly own or have an...

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Consumers, especially renters, are feeling much better about buying a home

07-07-2020

After plunging to nearly the lowest level in its history in April, an index measuring consumer sentiment in the housing market bounced back significantly in June.Read more: https://www.cnbc.com/2020/07/07/consumers-especially-renters-are-feeling-much-better-about-buying-a-home.html

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