The Department of Housing and Urban Development (HUD) announced it has filled another round of positions, as it confronts decades of staffing shortages. “These talented and diverse individuals join HUD ready to deliver results for the American people by tackling our nation’s housing challenges to build a stronger, more equitable
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Hispanic homeowners are more likely to have adult relatives currently living with them — and are more likely to have lived with relatives themselves, prior to buying their home. Per a recent Redfin study of 1,500 homeowners, 52% of current Hispanic homeowners have at some point lived with family or
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Venture capital-backed mortgage lender Better.com is going international. The company, which is expected to go public later this year, has agreed to acquire United Kingdom-based digital mortgage brokerage Trussle. Terms of the deal were not disclosed, but the Financial Times reported that SoftBank-backed Better bought Trussle for a “cut-price,” one
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As more of the country moves to permanent work-from-home arrangements, home prices in car-dependent areas have risen twice as fast as those in transit-accessible areas, according to a recent study by Redfin. The median home-sale price in car-dependent areas, nationwide, has increased 32.8% to a record $418,100 since January 2020,
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In case you didn’t know, we’re living in a seller’s market. But even though home prices are at record highs, buyers are still in the market. Not only are they shopping, but they’re putting down offers well over the listing price. Are you in the market for a home? Be
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Housing has returned to center stage in the Biden administration’s push for an additional infrastructure plan. President Joe Biden said this week that he planned to make an “historic investment” in affordable housing, by building and rehabilitating more than two million homes. “We need to deal with the shortage of
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The news is filled with talk of real estate. Bubbles have that effect. We know through the work of people like Robert Shiller and others that “narratives” are indeed economic forces and that compelling narratives can move markets. In the U.S. real estate market, matters are of course more complex than mere narratives, but
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Propertybase Propertybase is the leading global provider of real estate and mortgage software. In an ever-more competitive market, it’s important for brokerages to utilize streamlined, collaborative technology. But we’re more than just software. With SEO and digital marketing services to print marketing and fully scoped projects, we play an integral
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Since day one of my mortgage career, my main role was to help Hispanic borrowers with responsible lending. For the past 21 years, I have been deeply entrenched in truly understanding the unique needs and cultural nuances of homebuyers with diverse backgrounds. Being an active originator helps me keep a
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Jacksonville, Florida-based Sun Capital Partners Inc. announced the acquisition of LoanLogics, a digital mortgage solutions provider and fellow Jacksonville-based company. Terms of the private transaction were not disclosed. The LoanLogics platform provides technology automation for mortgage document processing and data-driven audit software that improves efficiency, enhances transparency, streamlines commerce, and reduces
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The number of title and settlement companies offering digital closings has increased 228% since 2019, as more of the industry moves online in the wake of the COVID-19 pandemic. Per a survey of 300 title professionals conducted by the American Land Title Association, only 14% of professionals offered digital closings
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The average 30-year fixed-rate mortgage fell eight basis points from the week prior to 2.9%, according to data released Thursday by Freddie Mac‘s PMMS. According to Sam Khater, Freddie Mac’s chief economist, last week’s dip followed the concurrent drop in U.S. Treasury yields earlier this week. “While mortgage rates tend to follow
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