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News Updates

Homebuying Demand Ticks Up Slightly After Record-Fast Rate Drop

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Mortgage-purchase applications and Redfin’s Homebuyer Demand Index both increased as rates stayed around 6.6%, down sharply from 7% earlier this month, saving the typical buyer over $100 in monthly mortgage payments. Still, supply is piling up–posting a record annual increase–as pending sales fell the most on record. This is according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Leading indicators of homebuying activity: Key housing market takeaways for

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Economy Still Expected to Enter (and Exit) Modest Recession in 2023

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Housing Sales Forecasted to Hit Trough in Q2 2023 Before Beginning to Rebound After rebounding at a 2.6 percent annualized rate in Q3 2022 on the strength of net exports, real gross domestic product (GDP) is projected to turn negative again in the fourth quarter as the temporary boost from international trade moderates, according to the November 2022 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. The ESR Group

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ANALYSIS FROM ATTOM REVEALS HOW GROCERY STORE LOCATIONS IMPACT THE U.S. HOUSING MARKET

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Trader Joe’s leads the pack for homeowners, while ALDI wins among investors; Average home value near Trader Joe’s is $987,923, compared to $891,416 near Whole Foods and $321,116 near ALDI ATTOM, a leading curator of real estate data nationwide for land and property data, released its 2022 Grocery Store Wars analysis, which shows how living near a Trader Joe’s, a Whole Foods or an ALDI might affect a home’s value – as a homebuyer based on home price

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Offerpad Receives Notice of Non-Compliance with NYSE Trading Share Price Listing Rule

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Offerpad Solutions Inc. (“Offerpad” or the “Company”) (NYSE:OPAD), a leading tech-enabled platform for residential real estate, announced that it received notice from the New York Stock Exchange (the “NYSE”) that it is not in compliance with Section 802.01C of the NYSE Listed Company Manual because the average closing price of the Company’s Class A common stock was less than $1.00 over a consecutive 30 trading-day period. The notice does not

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Prospective Home Buyers Spend About as Much Time Researching New TVs as They do Mortgage Lenders

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New survey from Zillow Home Loans shows home buyers don’t shop around for their mortgage, potentially costing them hundreds of dollars each month A new survey by Zillow Home Loans finds prospective home buyers spend about as much time researching their next TV purchase and more time researching their next vacation or car purchase than they do their mortgage lender. Additionally, 72% of prospective buyers have not shopped around, nor

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Private Lender Law and Jonathan L. Hornik, Esq. Announce Purchase of Legendary Pitbull Conference and the National Private Lenders Association (NPLA)

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New rebranded conference series will launch in March of 2023 Jonathan L. Hornik, Esq. and Private Lender Law (privatelenderlaw.com), the practice group of LaRocca Hornik Rosen & Greenberg (LHR&G), announced that they have acquired Pitbull Conference and the National Private Lenders Association (NPLA). Private Lender Law is the largest full-service law firm serving the private lending industry, with over $30 billion in loan closings to date. For almost two decades, Pitbull Conference has had a

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