Top 10 lender and servicer Freedom Mortgage has trimmed its workforce across multiple rounds of layoffs this year and continues to “offshore” some jobs, former employees tell HousingWire. In response to falling origination volume, the New Jersey-based mortgage company has conducted at least four rounds of layoffs this year – in March, May and August, […more]
For the first time in two years, U.S. consumers expect home prices to fall over the next 12 months. An August survey by Fannie Mae found that respondents see a 0.4% decline in housing prices compared with the prior month’s expectations for a 1.9% increase. Consumers also anticipate that rental price growth will slow, with […more]
Purchased for $2.6 million in late 2014, the two-level, 2,215-square-foot Mission District condo at 859 Alabama Street, which “epitomizes sophisticated San Francisco city living and [offered] a rare opportunity to own an architecturally significant home,” returned to the market listed for $2.75 million in early 2016 and ended up selling for $2.695 million in November […more]
Price corrections are coming to housing markets across the United States, Black Knight said following July’s home price decline from June. Relatedly, tappable home equity is expected to pull back in the third quarter as equity-rich markets already saw declines in July. Home prices in July slipped 0.77% from June, marking the largest single-month decline […more]
Annual home price growth slowed for the third consecutive month in July but remained historically high at 15.8%, according to the latest report by CoreLogic. The data and analytics firm singled out mortgage rates, which were around 5.5% in July, chilled interest in home purchases and helped ease overheated and unsustainable price growth. Home prices […more]
This article was first published on NerdWallet.com. After two long years of home sellers calling all of the shots, home buyers are eager for the housing market to tilt in their favor. But modest improvements in the number of home listings and tempered demand due to higher mortgage rates aren’t likely to put all the […more]
Demand for mortgage loans declined last week as the markets continue to exert pressure on rates. With the 30-year fixed-rate hovering above the 6% level again, there’s no sign of a rebound in applications yet, despite a robust job market and growing housing inventory. The market composite index, a measure of mortgage loan application volume, […more]
The wholesale arm of Rocket Mortgage on Tuesday raised anticipated agency conforming loan limits to $715,000, a sign that the nation’s largest mortgage lender is confident the maximum loan limit set by the federal government will rise by at least 10% in 2023. The increased loan limits for mortgage brokers apply to new registrations and […more]
Congratulations to our agent honorees on their inclusion in THR’s 2022 Top Hollywood Real Estate Agents feature! See page 60 for the full article. The post 2022 Hollywood Reporter’s Top Hollywood Real Estate Agents Lists Announced first appeared on California Real Estate Blog.
Setting your sights on the future is important for any business owner, agent or loan officer looking to find success in the ever-changing housing market. At HousingWire Annual, plenty of speakers and panels will be looking ahead to 2023 and discussing the trends and changes that all industry professionals should be anticipating. The Future of […more]