Real Estate Broker/Agency News

Home price growth is slowing dramatically

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

Read more

Mortgage demand continues to fall amid pressure on rates

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

Read more

Prepare for 2023 with these HousingWire Annual panels

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

Read more

NewRez debuts 40-year non-QM mortgage product

Top mortgage lender NewRez has added to its line of “Smart Series” non-QM products, launching a 40-year fixed-rate interest-only mortgage loan. With the 40-year IO mortgage, borrowers make interest-only payments for the first 10 years, which NewRez says increases their purchasing power and allows for more affordable monthly payments. (It

Read more

Fintech Milo unveils crypto-mortgage refis

Miami-based fintech Milo has started to diversify its portfolio for investors with digital holdings by offering its first crypto-mortgage refinancing product, the company announced on Tuesday.  The new offering comes five months after the fintech’s 30-year crypto-mortgage purchase product came to market and reached $10 million in origination volume. HousingWire first reported on the lender’s plans

Read more

Japanese luxury-home developer plans U.S. IPO

Tokyo-based Lead Real Estate Co. Ltd., a developer of luxury single-family homes and condominiums, which also has residential leasing operations in Dallas, is looking to raise up to $30 million via the U.S. stock market. The company has filed a Form F-1 registration statement with the U.S. Securities and Exchange Commission

Read more