Orchard lays off nearly 100 employees — but is still hiring
Power Buyer confirms that it intends to fill approximately 50 openings in its mortgage, real estate brokerage, marketing and finance departments
by Matt Carter Jun 23
Tomo's new Lock and Shop: lock a rate now without a property address
Tomo's Lock and Shop service fee is $750, which homebuyers can recoup when they work with Tomo Brokerage partner agents. Homebuyers can choose either a 90- or 120-day rate lock
by Matt Carter Jun 23
Demand rebounds as mortgage rates retreat from 2022 peak
Purchase mortgage applications are still down 10% from a year ago, with mortgage rates nearly doubling in the last 12 months, according to a survey by the Mortgage Bankers Association
by Matt Carter Jun 22
Real estate companies are actually not laying off staff right and left
Opinion
Recent headlines have been filled with news of layoffs, but look closer. The companies where layoffs are occurring are wholly unrepresentative of the real estate industry and don't represent a major trend
by Joseph Rand Jun 22
Hippo's mortgage partner channel takes off; helps find coverage faster
Program piloted last year now provides services to more than a dozen mortgage lenders and loan servicers, who help 7M people finance or refinance their homes each year
by Matt Carter Jun 22
Here's what you're doing to shift with the market: Pulse
Opinion
This week, we wanted to know: What adjustments are you making to business as usual to meet the demands of a shifting market?
by Inman Jun 22
Notarize lays off 110 employees, cites Sequoia's warning to startups
Having 'created a category,' remote online notarization, CEO Pat Kinsel says company must evolve to survive potential downturn
by Matt Carter Jun 21
The cheapest way for clients to tap into new home equity
Opinion
There are many ways to access your home equity, but they're not all the same. Find out the most cost-effective and innovative strategies for tapping into that newfound wealth
by Bernice Ross Jun 20
The best and worst ways to handle layoffs as real estate cuts accelerate
The housing industry has shed thousands of jobs recently, and more cuts may be in store. But some companies are handling the situation better than others
by Jim Dalrymple II Jun 17
Fannie Mae downgrades home sales expectations for 2022 and 2023
Higher mortgage rates are now 'housing market's primary constraint,' economists at Fannie Mae said in a new forecast predicting home sales will fall 13.5% this year
by Matt Carter Jun 16
HomeLight raises $115M and acquires cash offer rival Accept.inc
Scottsdale, Arizona-based HomeLight says Series D raises the company's valuation to $1.7B, and acquisition makes it the largest 'agent-focused' cash offer program in the US
by Matt Carter Jun 16
Homebuyers 'need a bit of a reset,' Fed chair Jerome Powell declares
Jerome Powell on Wednesday acknowledged the tough situation buyers now find themselves in, adding that 'We need to get back to a place where supply and demand are back together'
by Jim Dalrymple II Jun 16
Fed's biggest rate hike in 28 years might not further impact mortgages
After bond market sell-off Friday and Monday, investors take Fed's 75 basis-point rate hike in stride. 'The Fed managed to hint at today's move,' said the COO of 1 capital markets advisory firm
by Matt Carter Jun 15
Mortgage demand picked up last week before latest rate surge
Homebuyer demand for purchase loans picked up before a bond market sell-off sent mortgage rates soaring past 6%, according to the MBA's Weekly Mortgage Applications Survey
by Matt Carter Jun 15
Pulse readers weigh in on what drains them
Opinion
This week, we asked readers: What drains you? What's your personal kryptonite? Here's what you told us
by Inman Jun 15
Rise, fall, repeat: The biggest housing surprises of 2022  (so far)
Heading into 2022, forecasters at Realtor.com set expectations for where the home market would go. Halfway in, they're taking a second look
by Daniel Houston Jun 15