Sidebar
Real Estate News
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
Read moreHomebuyers 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
Read moreQuicken 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...
Read more2020 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...
Read moreMore 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...
Read moreReal 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
Read moreIndividual 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...
Read moreLuxury 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...
Read moreSprout 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 –...
Read moreSuburbs 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
Read moreIs 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%...
Read moreInvestors 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...
Read more31% 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...
Read moreColony 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
Read moreHome 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...
Read moreCoreLogic 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...
Read moreConsumers, 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
Read moreNational Weather
Click on map for forecast
advertisement
Other News Sites
