HousingWireHousingWire Mortgage demand declined for a sixth straight week on the back of higher mortgage rates, according to weekly applications survey data published Wednesday by the Mortgage Bankers Association (MBA). Applications dropped 10.8% on a seasonally adjusted basis during the week ending Nov. 1. Demand has plummeted 41% since the…
Continue reading →HousingWireHousingWire In a historic comeback, former Republican president Donald Trump has been elected as the 47th president of the United States, defeating vice president Kamala Harris. The shift is expected to have broad implications for housing in America. The Republicans look poised to also achieve significant gains in Congress. Control…
Continue reading →HousingWireHousingWire loanDepot achieved profitability in the third quarter of 2024, ending an 11-quarter streak of financial losses. Cost reductions and revenue growth drove this turnaround amid lower interest rates, which boosted refinancing activity. As a result, loanDepot is retiring its Vision 2025 strategic plan, which began in July 2022 to…
Continue reading →HousingWireHousingWire The role of the real estate agent has been under the microscope of late as a result of class-action litigation over agent commissions, but the feedback agents want most about their practices comes from two sources — home buyers and sellers. A new report from the National Association of Realtors…
Continue reading →HousingWireHousingWire In efforts to escape “sky-high real estate prices” and rising costs of living, California residents are favoring Arizona as a top relocation destination behind only Texas. That’s according to a report released Monday by StorageCafe, a national marketplace for storage space and an affiliate of real estate data provider…
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