The share of newly built single-family homes on the market is at a record high as builders try to keep up with surging homebuyer demand fueled by low mortgage rates, low inventory and remote work, said Redfin, Seattle.
Tag: Redfin
Industry Briefs Jan. 31, 2022: Ginnie Mae Streamlines Servicing Requirements
Ginnie Mae issued All-Participants Memorandum 22-01 streamlining its documentation requirements for servicers participating in the FHA Advanced Loan Modification program.
Redfin: 2022 Kicks Off Hotter Than Last Year
Redfin, Seattle, said home buyer activity could blow out previous records—if there were enough inventory to satisfy demand.
Industry Briefs Jan. 20, 2022: ICE Mortgage Technology Partners with Colorado Housing/Finance Authority
ICE Mortgage Technology, Pleasanton, Calif., announced the Colorado Housing and Finance Authority integrated Encompass Investor Connect and AIQ into its technology, enabling faster and easier loan delivery and funding.
Redfin: Bidding Wars Persist Amid Holiday Slowdown
It’s been a most unusual year for housing; the traditional spring home buying season stretched into summer, then fall, then winter. And even amid a slowdown over the holidays, Redfin, Seattle, said bidding wars on homes for sale continued nearly unabated.
Industry Briefs Jan. 18, 2022: First American Acquires Mother Lode Holding Co.
First American Financial Corp., Santa Ana, Calif., signed an agreement for its acquisition of Mother Lode Holding Co., a California-based provider of title insurance, underwriting and escrow services for residential and commercial real estate transactions with 17 operating subsidiaries throughout the U.S., including its principal subsidiary Placer Title Co.
Home Price Appreciation Marches On, Unabated
Reports from Fitch Ratings, New York, and Redfin, Seattle, confirm other industry reports showing while U.S. home price growth appears to be slowing, market conditions portend a very competitive housing environment in 2022.
Industry Briefs Jan. 10, 2022: Covius Integrates with Stavvy on RON Signing for Loss Mitigation Clients
Covius, Denver, integrated Stavvy into its loss mitigation and loan modification platforms. Stavvy is a Boston-based fintech company specializing in eClosing functionality and remote online notary services.
Industry Briefs Jan. 4, 2022: Firstsource Solutions Acquires American Recovery Services Inc.
Firstsource Solutions Ltd., Mumbai, India, a global provider of business process management services, entered into an agreement to acquire American Recovery Services Inc., a nationwide legal collections network headquartered in southern California.
Redfin 3/4 of Homebuyers, Sellers Report Changing Plans Due to Inflation
Redfin, Seattle, said 73 percent of homebuyers and sellers say inflation is influencing their plans.