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HousingWireHousingWire Unsold inventory in the two biggest housing markets in the country, Texas and Florida, declined this week. There are fewer homes for sale now than a week ago. Inventory seems to have peaked for the season and is slowly inching down. There appears to be two reasons we’re seeing…
Continue reading →HousingWireHousingWire By maintaining a consistent posture that is informed by the dynamics of the traditional forward mortgage business, Rate’s reverse mortgage division has seen notable growth in the year after the appointment of new leadership. Ryan Ogata, Rate’s executive vice president of reverse mortgage lending, previously described how his experience…
Continue reading →HousingWireHousingWire The baby boomer generation is “slipping through the cracks” of the U.S. retirement system due to the rising prices of home insurance across the country, according to an analysis from online insurance marketplace Insurify. “A new source of financial strain on retiree budgets is homeowners insurance premiums, which have…
Continue reading →HousingWireHousingWire Since Aug. 13, the U.S. Department of Housing and Urban Development (HUD) has announced disaster relief efforts across six states due to presidentially declared major disasters resulting from a hurricane, flooding, tornadoes and landslides. A few days after President Joe Biden issued a major disaster declaration in Florida stemming…
Continue reading →HousingWireHousingWire Affordable homes have long been in short supply for lower-income households, but data released Monday by Redfin showed positive signs for the starter-home segment. According to Redfin, pending sales of starter homes grew 10.2% year over year in July to reach their highest level since October 2022. This was…
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