Anywhere Real Estate felt the brunt of slow home sales during the fourth quarter of 2023 as the company reported a loss of $107 million during the three-month period.It generated $1.3 billion in revenue in the fourth quarter, a decrease of 6% year over year. A nearly 20% annualized decline in home s

The combination of high home prices and insufficient savings for a down payment makes it challenging for first-time homebuyers to pull the trigger on a property purchase.But the good news is, more buyers have become aware of down payment assistance (DPA) options and are tapping into available resour

The preference that older Americans have for aging in place in their own homes is showing up in broader trend data, according to a new report from Redfin.While “homeowner tenure” has fallen slightly since its 2020 peak, the length of time that homeowners are remaining in their properties doubled to

Are you interested in pursuing or advancing a real estate career? If you’re new to real estate, you must complete a state-approved course and pass your state’s licensing exam. The number of required class hours varies according to state law. Aceable Agent is an online real estate school that offers

Kayla Lee of SERHANT. successfully closed on the sale of this luxury, 4,700-square-foot property on Park Avenue on the Upper East SIde of Manhattan for $13 million.Working in real estate sales for a few years, and now you want to challenge yourself and raise the stakes? You might be ready to take on

Real estate investors purchased 26.1% of the lowest-priced homes for sale in the U.S. in the fourth quarter of last year, according to a report by Redfin. It was the highest share ever recorded and was up from 24% in Q4 2022. By comparison, investors purchased 13.6% of the mid-priced homes (compared

Government-sponsored enterprise (GSE) Freddie Mac reported a 65% annualized increase in income stemming from its single-family mortgage programs in fourth-quarter 2023, along with a 13% increase in net income for the full year, according to quarterly and annual earnings reports released on Wednesday

Analysts in the mortgage industry are projecting that 2024 will be a better year than 2023 across the board. In a HousingWire report, analyst firm Jeffries said that they believe the worst of the current mortgage cycle is behind us, and Moody’s forecasts that the Federal Reserve will decrease rates

Guild Mortgage’s acquisition of Academy Mortgage Corp. is expected to expand the retail lender’s presence in Western states and also bring in expertise with builder products, Guild CEO Terry Schmidt said in an exclusive interview with HousingWire. With the acquisition of Academy, Guild will be onboa

The Community Home Lenders of America (CHLA) wants the three major credit bureaus — Equifax, Experian and TransUnion — to restore the pricing discounts that had been in place for soft credit pulls.At the end of 2023, each of the credit bureaus announced that they were ending pricing discounts for so

As reverse mortgage industry professionals continue to look ahead into 2024 after enduring a challenging year for business in 2023, the prevailing attitude is optimistic. Recently, the president of the industry’s leading lender discussed her eagerness to go back on “offense” this year, while loan or

The housing market is heating up as the spring buying season approaches. Well-priced homes are selling fast, often within 29 days, and that time frame is bound to shorten as the shopping season opens, according to Zillow’s January market report. Meanwhile, other homes are lingering on the market for

CoreLogic is expanding its strategic alliance with Google Cloud, the company announced on Wednesday. The data provider will leverage the artificial intelligence capabilities of Google Cloud’s enterprise AI platform, Vertex AI.  The new phase of the collaboration will help CoreLogic make the most of

The U.S. Department of Housing and Urban Development (HUD) announced a series of new relief measures for residents of the state of Hawaii. One measure is targeted specifically for the island of Maui — which endured a devastating wildfire last year that destroyed the town of Lahaina — while the other

In early 2022, real estate listing giant Zillow began discussing its visions for a “Housing Super App.” After initial confusion and skepticism over the app, Zillow’s vision has slowly become clearer. On Tuesday, roughly two years since Zillow first announced it, the firm’s CEO and co-founder Rich Ba

In January, the number of properties with a foreclosure filing inched up on both a monthly and a yearly basis, according to a report released Tuesday by Attom Data.In total, 33,270 U.S. properties received a default notice, were scheduled for auction or were undergoing bank repossession last month,

New York-based mortgage lender Logan Finance Corp. named Sarah Gonzalez as its chief operating officer.Gonzalez will be in charge of planning and executing the lender’s objectives and initiatives, according to her LinkedIn profile. She brings more than 25 years of experience in the mortgage industry

Fintech Sagent has hired Geno Paluso, a retired U.S. Navy captain serving as the vice president of business development for multinational firm BAE Systems, as its new CEO. Effective Monday, Paluso succeeded Dan Sogorka, who will remain with the company as an adviser before transitioning to a new opp

Despite high mortgage rates, master planned communities (MPCs) did well in 2023. According to a survey released Tuesday by John Burns Research & Consulting, the top 50 MPCs sold more than 34,600 new homes in 2023, up 24% from the nearly 28,000 sales in 2022. As a point of comparison, in the benchmar