Daily Dose

Providing context, however, Redfin Economics Research Lead Chen Zhao observed that, “While [rents have] cooled significantly from their peak, it still costs the typical renter 20% more to take on a new lease than it did two years ago.”

The Department of Housing and Urban Development has announced a new process for homeowners to review their appraisals if they feel the results have been unfairly biased.

A member of the Board of Directors since 2020, Marianne Sullivan’s new role will involve overseeing the modernization of the company’s mortgage servicing sector.

After increased housing demand drove home prices to historic highs, homeownership remained unattainable for many, with some homebuyers turning their attention toward more affordable options like condos.

Eric Fox, Chief Economist at Veros, commented, “This decrease to an average depreciation of -0.5% over the next 12 months is the first time in over a decade that Veros’ average house price forecast has gone negative."

The new proposed rule would require nonbank financial companies to register their use of contract terms and fine print that seek to waive or limit consumer rights and legal protections.

Wells Fargo has announced the move to shrink its mortgage portfolio and close its correspondent business. Going forward, WF will now offer home loans to existing bank and wealth management customers and borrowers in minority communities.

New Western, a private online marketplace for flippers, has released a new report on the state of real estate investment throughout the country.  This new analysis offers insight and uses proprietary data from New Western and surveys from it network ...

A new blog post by First American Deputy Chief Economist Odeta Kushi lays out three possible scenarios for the housing market in 2023.

The widespread, pandemic-driven move to digital solutions is a change that is likely here to stay, according to CoreLogic experts. A new report revealed just how the homebuying process is evolving.