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More than a quarter of single-family homes for sale during the first quarter were new-construction homes — nearly 26%, and March housing starts jumped nearly 20% month over month to the highest level since 2006, per the latest report from Redfin. Although housing starts are rising, lumber prices have skyrocketed in the past 12 months, […more]
Collage of adult reading recommendations; Courtesy of the NYPL To mark Asian American Pacific Islander Month in May, the New York Public Library this week released a recommended reading list featuring books written by AAPI authors. The curated list includes books for adults, young adults, and children that “celebrate and foster a better understanding of the AAPI […more]
Community lenders have big opportunities in today’s purchase market. As homebuyers increasingly demand personal, service-driven experiences with their mortgage providers, community lending teams are well-positioned to capture business via the strong relationships they excel at creating. Including credit unions, community banks, and small-to-midsize independent mortgage bankers, the community lending segment has grown rapidly in market […more]
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Top retail mortgage lender loanDepot has formed yet another strategic joint-venture with a fast-growing homebuilder. California-based loanDepot has formed a JV partnership with LGI Homes, called LGI Mortgage Solutions, the companies announced on Thursday. “Having been a preferred lender with LGI Homes since 2015, we have been extremely impressed by each other’s ability to scale while […more]