Existing-home sales rise as spring market challenges emerge.
Total inventory increased to 1.29 million units, reflecting a 2.4% rise from January and a 4.9% year-over-year gain, indicating market shifts for private lenders.
Mortgage Credit Availability Increases 1.1% to 107.1
Mortgage credit availability increased by 1.1% to 107.1, driven by a 2.7% rise in conventional loans, while government loans saw a decline of 0.8%.
Mortgage Rates Remain Stable Around 6.15% Amid Oil and Job Market Risks
30-year mortgage rates remain around 6.15% amidst a decline in employer payrolls, with markets anticipating no Federal Reserve rate cut in the near future.
Crexi Enhances Residential Rental Data Amid Algorithm Limitations
Residential rent data is increasingly valuable as legal changes affect landlord practices. Crexi partners with Dwellsy to enhance its data capabilities.
Howard Hanna NYC appoints new head of business development.
Hal Gavzie will assist agents in utilizing marketing, technology, and referral resources, enhancing their access to the extensive Howard Hanna platform.
Wendy Forsythe introduces a 6-step framework book for agents to scale sustainably.
Wendy Forsythe, eXp CMO, introduces "Leverage Your X-Factor," with all proceeds aiding the eXp Extend a Hand program, supporting agents and staff in need.
Banks Rapidly Adopt AI Yet Struggle with Strategy and Governance
A recent survey reveals that while 61% of institutions are exploring AI, only 12.2% have a strategy in place, highlighting a gap in data readiness and resourcing.
Pennymac TPO Introduces New Non-QM Product Suite
Discover Pennymac TPO's new non-QM product suite featuring DSCR, bank statement, asset qualifier, WVOE, and 1099 options for enhanced lending flexibility.
Plaid Adds Home Lending Report to Encompass Platform Integration
Plaid's integration of its Home Lending Report into Encompass enhances lender workflows by enabling account linking and access to two years of financial data.
Credit Karma Partners with Better Teams to Introduce AI-Driven Refinance Platform
Credit Karma enables eligible members to secure preapproval in just five clicks and refinance home loans efficiently within 10 days, streamlining the mortgage process.