Mortgage delinquencies ticked up in September: ICE
While the mortgage delinquency rate remains low compared to pre-pandemic levels, the number of delinquent loans ticked up in September, according to the ICE Mortgage Monitor...
Rents dropped again in September: Realtor.com
While rent prices remain elevated compared to pre-pandemic levels, the median asking rent price fell $29 from the July 2022 peak, to $1,747, according to Realtor.com.
“As...
Sitzer plaintiffs expected to rest their case today
The first week of the much-anticipated Sitzer/Burnett class action buyer broker commission antitrust lawsuit concluded with the testimony of economic and legal experts.
On Friday, Craig Schulman,...
Thinking of selling your real estate brokerage? Here’s how to prepare
Over the course of our 40+ years at RealTrends Consulting we’ve brokered and/or advised on over 900 transactions in the residential real estate industry. We usually...
New listings data unfazed by 8% mortgage rates
Weekly housing inventory data
One of my concerns with higher rates has been whether new listings data would take another leg lower, which wouldn’t be a good...
DOJ: $107M secured for communities of color in battle against redlining
The U.S. Department of Justice (DOJ) announced this week that it has secured $107 million in judgments and enforcement actions against banks and mortgage lenders to...
Optimal Blue’s Scott Smith talks long-term goals, competition in mortgage tech
Optimal Blue — a provider of secondary market solutions and actionable data services — plans to solidify its position as an end-to-end solution from pricing a...
In this brutal housing market, you’ll need to make $115K to buy the typical...
The last two years of soaring mortgage rates and rising home prices have brought the fastest erosion in housing market affordability in modern history, and it’s...
Plaintiffs take the stand in the Sitzer/Burnett trial
So far, week one of the Sitzer/Burnett bombshell class action antitrust buyer broker commission lawsuit has seen four of the five named plaintiffs testify in front...
Opinion: All the ways the class-action commission lawsuits are misguided
I am repeating myself but bear with me. No seller must use a real estate agent to sell a home — ever. In fact, considering inter-family...