Demand stalled in March for new-home purchases: MBA

Mortgage applications for new homes stalled in March as buyers felt the brunt of sustained home price growth.Compared to February 2024, mortgage applications for new-home purchases rose 1% in March. Applications were up 6.2% from March 2023, according to the Mortgage Bankers Association’s (MBA) Buil
Read MoreRetail losses lead February decline in reverse mortgage volume

Reverse mortgage volume dropped in February compared to the month prior, and new data compiled by Reverse Market Insight (RMI) shows that the primary culprit for the month was retail reverse mortgage originations.The retail channel volume decrease of 15.7% effectively “masked” a gain of 3.9% posted
Read MoreReal estate agents, are you a text offender?

Are you tired of your text messages causing more confusion than closings in the real estate world? Wondering if you may have offended a prospect? Curious why you’re being ghosted at times?We’ve curated the ultimate guide to texting etiquette for agents. From dodging grammatical gaffes to perfecting
Read MoreThe ‘double-edged sword’ of dual licensing

In a down market disrupted by the commission lawsuits, agents and LOs are considering working in a dual capacity. But it’s a tough road to hoe. (AI image generated by MidJourney.)As the engines of the housing and mortgage markets continue to sputter due to higher interest rates and fewer buyers, ind
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