RedfinNow launches in Boston as local prices soar

RedfinNow, the iBuying platform of Redfin, has launched in Boston — and not a minute too soon, as the New England-metro’s housing market reaches new heights. The company announced it is currently making offers on single-family properties built after 1900 in parts of Middlesex, Norfolk, and Plymouth counties. Jason Aleem,

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Here are the 2021 HW Finance Leaders

HousingWire’s Finance Leader award recognizes outstanding performers in the finance space. The 2021 winners demonstrated their worth in the crucible of 2020 — navigating through shut-down orders and liquidity concerns before pivoting quickly to respond to record-low interest rates. Those rates resulted in record-setting volume for real estate and mortgage

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When will the Federal Reserve raise rates?

I propose adding a new pastime to our gold standards of baseball, barbecues, and Thanksgiving dinner. This new pastime I call Fed-Watch or When Will the Fed Raise Rates? Since the financial crisis of 2008, this pastime has gained popularity to the point where this guessing game has become an

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Lenders, economists question first-time homebuyer bills

While the first-time homebuyers welcomed news of a down payment assistance grant or tax credit, the mortgage industry and housing experts expressed deep skepticism. Two proposals under consideration in Congress aim to give first-time homebuyers a leg up by offering a grant at closing time, or a tax credit after

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HousingWire Magazine: May 2021

While they’ve long been the backbone of companies trying to navigate the cyclical nature of the industry, housing finance executives took center stage last year. With housing demand already high, the Federal Reserve introduced a new quantitative easing program in response to the COVID-19 crisis that pushed mortgage rates to

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Housing starts are rising, despite cost to buyers

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

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Why outsourcing is a key resource in a purchase market

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

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LoanDepot forms JV with homebuilder LGI Homes

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

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The future of U.S. real estate commissions

Glenn Kelman, CEO of Redfin, and Luke Babich, chief operating officer of Clever (left to right) This is the final of a three part series on residential real estate sales commissions. Part one explained the history of sales commissions, and the labor market for real estate agents. Part two dove

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René Rodriguez to headline Engage Marketing June 17

Renowned speaker coach René Rodriguez will headline HousingWire’s virtual Engage Marketing event on June 17. Rodriguez, CEO of Volentum and creator of the AMPLIFII Influencer events, has researched and applied behavioral neuroscience for the last 20 years as a speaker, leadership advisor and sales expert. For Engage Marketing’s keynote, he’ll

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