Live News

• 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.

• US home prices continued to rally in July 2023 Sep. 26th 2023
  After three consecutive months of annual price declines, home prices in July were up 0.98%, according to the S&P CoreLogic Case-Shiller Home Price Index.

• Home inventory is climbing even faster than this time a year ago Sep. 26th 2023
  With inventory up by 2% this week and last week, it shows that homebuyers are reacting to the highest mortgage rates in over two decades.

• Curinos partners with Polly on lenders’ workflow optimization Sep. 25th 2023
  Embedded with Curinos' comprehensive dataset, Polly is developing a suite of competitive data and analytics to layer into its platform.

• Better conducts layoffs just weeks after going public Sep. 25th 2023
  The digital lender issued pink slips to a quarter of its U.S. mortgage sales and origination team in another round of layoffs.

• Mortgage rates get close to the yearly high of 7.49% Sep. 24th 2023
  Mortgage rates started the week at 7.28%, got as high as 7.47%, and ended at 7.39%. That's close to the yearly high of 7.49%.

• Pending-home sales drop 13% from a year ago as rates stay high: Redfin Sep. 22nd 2023
  High mortgage rates and home prices are putting downward pressure on pending-home sales, but new listings show signs of life, Redfin found.

• Why are existing home prices up year over year? Sep. 22nd 2023
  Existing home prices are up 3.9% year over year, with demand near 21st-century lows. How is this possible?