Industry News

The number of home listings that were pulled off the market rose to a historically high level in September, with many homeowners opting to stay put rather than accept a low offer.

In October, the national median rent dipped 1.7% annually to $1,696 amid a softer rental market, while 20 major metros reported higher out-of-market demand than before the pandemic

After several years of choppy performance, independent mortgage banks returned to the black in the third quarter, posting a gain of more than $250 per loan, even as per-loan production costs edged higher

New program offers 3.5% or 5% in down payment assistance, with both forgivable and repayable options, empowering lender partners to help more families achieve homeownership

After a slower start, younger generations are rapidly catching up in homeownership, fueled by rising incomes, career stability, and family formation, with millennials now buying homes in their 30s at rates comparable to Gen X in their early 40s

Kristy Fercho, SEVP, head of financial inclusion and opportunity at Wells Fargo, joins the board of directors for property tax data and flood hazard info specialists

Luxury home sales increased 2.9% year-over-year, while non-luxury sales rose 0.7%, as luxury inventory climbed 6.4% year-over-year, compared to a 9.5% increase in non-luxury inventory, posting their highest October levels in at least five years

Refi and HELOC activity inched upward in Q3, as homeowners capitalized on modest rate improvements and tapped into equity, but affordability constraints are still keeping purchase demand subdued

MISMO has released a new standardized servicing dataset — developed with the VA — that aims to modernize and streamline how federal housing agencies and servicers share data