HousingWire

• Doug Duncan and the housing market’s supply conundrum June 18, 2021
  The housing market has suffered due to high material prices, spend-anything buyers & a lack of supply. A return to normalcy will require big changes. HW+ Premium Content The post Doug Duncan and the housing market’s supply conundrum appeared first on HousingWire.
• Juneteenth holiday sparks chaos for lenders, LOs June 18, 2021
  Biden declared Juneteenth a federal holiday, effective today, causing delays and confusion in the mortgage industry. The post Juneteenth holiday sparks chaos for lenders, LOs appeared first on HousingWire.
• Accurate property condition data is more important than ever – Here’s why June 18, 2021
  Access to property characteristics and condition upfront allows real estate investors to set more accurate pricing for both off-market and on-market acquisitions. Investors can make better decisions around optimal neighborhoods for investment, based on changing conditions and recent trends. The post Accurate property condition data is more important than ever – Here’s why appeared first […]
• The housing market outsmarted the foreclosure crisis June 18, 2021
  This isn't 2008. A bevy of loss mitigation waterfalls, forbearance safety nets and an abundance of equity gave Americans a fighting chance when the foreclosure crisis finally sunsets. HW+ Premium Content The post The housing market outsmarted the foreclosure crisis appeared first on HousingWire.
• With a reinvigorated CFPB, what’s next for the NYDFS? June 18, 2021
  While the CFPB is reinvigorated under the Biden administration, there’s plenty of room for it to retake a leading role and coordinate with the NYDFS. HW+ Premium Content The post With a reinvigorated CFPB, what’s next for the NYDFS? appeared first on HousingWire.
• House flipping hits lowest level since 2000 June 18, 2021
  Only 2.7% of all home sales in the first quarter of 2021 were flipped — or one in 37 transactions, the lowest level since 2000. The post House flipping hits lowest level since 2000 appeared first on HousingWire.
• Stewart Title merges Nevada offices June 17, 2021
  Title insurance giant Stewart Title announced that it is combining its two Northern Nevada divisions, Legacy Division and Western Division. The post Stewart Title merges Nevada offices appeared first on HousingWire.
• Lennar execs confident building boom will not end soon June 17, 2021
  With uncertain delivery of materials and high demand, Lennar is “Choosing to sell homes later in the construction cycle to increase margins,” said co-CEO Rick Beckwitt The post Lennar execs confident building boom will not end soon appeared first on HousingWire.
• New home sales fall due to low inventory and high prices June 17, 2021
  Mortgage applications for new home sales fell 9% month-over-month in May at a seasonally unadjusted pace ― the second consecutive month sales of new homes have dropped, according to Thursday data from the Mortgage Bankers Association. The post New home sales fall due to low inventory and high prices appeared first on HousingWire.
• Home prices still rising in Phoenix, Austin, Sacramento June 17, 2021
  Phoenix, Austin, Sacramento, Las Vegas and Miami reported the biggest increase in home prices in May, per a recent Redfin report. The post Home prices still rising in Phoenix, Austin, Sacramento appeared first on HousingWire.