Live News

• Non-white homebuyers feel discrimination despite laws against it: Redfin Sep. 28th 2023
  More than one-third (36%) of Hispanics and 32% of Blacks reported facing discrimination when searching for a home.

• Pending home sales fell 7.1% in August Sep. 28th 2023
  Mirroring the trend for new home sales, pending home sales fell 7.1% in August, according to data released Thursday by the NAR.

• Amid rising housing costs, prospective homebuyers are looking to relocate: Redfin Sep. 27th 2023
  A record 26% of homebuyers are looking to move to a different part of the country, up from 24% a year ago and 19% before the pandemic began, a Redfin report found. 

• LenderPulse Q4 2023 survey: Mortgage pros still see opportunities in the housing market Sep. 27th 2023
  LenderPulse Q4 2023 survey highlights opportunities and challenges mortgage professionals face as well as perspectives on the housing outlook.

• DataDigest: Today’s homebuyers are seeking affordability not found in the West Sep. 27th 2023
  With the exception of New Orleans, the 10 cities with the biggest year-over-year drop in typical home values were all more expensive than the 10 cities with the biggest year-over-year increase in home values.

• US housing market is now worth a record $52 trillion: Zillow Sep. 27th 2023
  Of the six markets where housing has gained the most value since the start of the pandemic, four are in Florida: Tampa (+88.9%), Miami (+86.6%), Jacksonville (+82.4%) and Orlando (+72.3%), according to Zillow.

• FirstHomeIQ launches Ambassador program Sep. 27th 2023
  Through the Ambassador program, mortgage and real estate pros donate $100 per transaction and commit to educating the next generation. 

• Builders only have 76,000 completed new homes for sale Sep. 26th 2023
  For all the hype, today we sit here still trying to work back to pre-COVID-19 levels with just 76,000 completed homes ready to be moved. 

• Mortgage tech firm Blend beefs up income verification capabilities Sep. 26th 2023
  Blend has integrated Freddie Mac's asset and income modeler API, which will allow it to verify more income sources earlier in the application process.

• Unsold homebuilder inventory is ticking up as new home sales slow Sep. 26th 2023
  After a boost in July, the sales pace of new homes slowed down in August, according to data published by the U.S. Census Bureau. The inventory of unsold new homes is at its highest since December.