Analysis and Data
Nation’s largest brokerages are ‘wild mix’ of traditional incumbents and new models
Analysis finds error rates in mortgage files rose to 13.3% at peak, costing borrowers $7.8 billion over a decade
Both purchase and refinance activity fall, despite inventory increases in many areas
Housing market forecast predicts existing-home sales could fall to lowest level in three decades
And the reasons for doing so are changing, Bright MLS finds
A sharp rise in construction wages hasn’t solved the industry’s labor shortage — and meanwhile, is driving up prices for homebuyers
Despite strong origination scores, servicers struggle with communication, responsiveness, and rising escrow costs
Calls grow to reform tax law NAR says is ‘stifling market turnover, squeezing supply, and driving up prices’ of homes
Change reflects builders looking to maximize affordability; buyers wanting more space better off shopping older homes
Refinance apps slip while purchase apps gain ground; average purchase loan size heads down