News Updates

Buyers Remain Cautious of Housing Market Amidst Inventory Pressures

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Buyers Continue to Grapple with Low Affordability Driven by Seven Straight Weeks of Mortgage Rate Increases Inflation Levels Sit Above Targets as Further Rate Hikes Remain a Possibility New Listing Volume Continues to Lag Contract Volume, Putting Further Downward Pressure on Inventory HouseCanary, Inc. (“HouseCanary”), a national brokerage known for its real estate valuation accuracy, released its October Market Pulse report, showing market activity in terms of net new listing volume

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Equity-Rich Portion of Mortgaged Homes Slips at Fastest Pace in At Least Four Years;But Seriously Underwater Level of Mortgages Improves;Overall Equity for Homeowners Holds Steady ATTOM, a leading curator of land, property, and real estate data, released its third-quarter 2023 U.S. Home Equity & Underwater Report, which shows that 47.4 percent of mortgaged residential properties in the United States were considered equity-rich in the third quarter, meaning that the combined estimated amount of

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First of its kind marketplace connects investors with 15 lenders in over 40 markets across the United States Sherman Bridge, a private money lender for investors purchasing distressed single-family residential real estate, has launched a new, first of its kind online marketplace to efficiently connect lenders with investors. The marketplace will help investors streamline the financing process, connecting them with 15 different proven and vetted lenders who offer competitive loan options

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Albany, Rochester and Buffalo are among the nation’s fastest housing markets. Austin, once known for its speed, is one of the slowest. In Albany, NY, the typical home that sold in September went under contract in just eight days, making it the fastest market in the country, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Next came Rochester, NY (9), Grand Rapids, MI (9) Buffalo, NY (11), San Jose, CA (12) and Seattle (12). Aside from Seattle and

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CoreLogic®, a leading global property information, analytics and data-enabled solutions provider, released its monthly Loan Performance Insights Report for August 2023. In August 2023, 2.6% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), representing a 0.2 percentage point decrease compared with 2.8% in August 2022 and a 0.1 percentage point decrease from July 2023. To gain a complete

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With investment from Fika, Navitas, and Clocktower Blox, the financial AI automation company for real estate, announced the launch of its all-in-one software platform. Blox uses machine learning to automate key receivables tasks, including statement audit, refunds, payments, messaging, disputes, settlements, and bank treasury. Blox is founded by real estate technology veteran, Derek Merrill, who previously founded LeaseLock, installed in almost 500,000 apartment homes. Blox closed pre-seed investment from Fika