Real Estate News

Before The Fed Sped Up Tapering, Mortgage Rates Saw Little Change

December 16, 2021

Mortgage rates saw little movement once again earlier this week despite continued volatility in bond yields and a Federal Reserve that is pushing its tapering plans into higher gear. The average rate for a 30-year mortgage rose to 3.12, up from 3.10 percent the week before, according to Freddie Mac’s latest lender survey. “Mortgage rates […]

What Lenders Brawled Over In Atlantic City: The Real Word

Byron Lazine and Nicole White are two agents in Connecticut who give us their thoughts on the week’s news every Friday in “The Real Word,” a weekly video column on Inman. A massive brawl broke out at Harrah’s Resort in Atlantic City on Dec. 7. The video of the fight, which went viral after it […]

Knock Partners With HomeSmart To Roll Out Services In Baltimore

Baltimore puts Knock at 70 markets nationwide, up from 14 at the start of 2021. The tech-enabled home loan solutions platform will offer its full gamut of products to the region’s consumers. Knock has started operations in Baltimore, according to the company’s latest press release. The tech-enabled, home loan solutions platform will offer its full […]

Mortgage Tech Provider Evolve Makes Third Acquisition in 12 Months

Mortgage tech provider Evolve Mortgage Services continues to scoop up companies, making its third acquisition in a year as it expands the capabilities of its all digital closing process. Frisco, Texas-based Evolve is acquiring West Mystic, Connecticut-based Brooks Systems LLC in a bid to expand its regulatory compliance offerings. The companies have a 20-year relationship, […]

RealScout Closes 2021 With New Buyer Graph In Detroit

RealScout has added its 17th Buyer Graph cohort in Detroit, according to an announcement on Thursday. Nine local brokerages will now share real-time anonymized buyer data and habits on the Buyer Graph platform, which enables agents and brokers to make quicker and more accurate pricing decisions. “The Detroit Buyer Graph marks the first of its […]

Home Sells For $1M Over Asking And, Well, San Francisco Is Just Insane

The home’s previous owner purchased the property from the same agents two years earlier for $1.4 million, only to turn it around earlier this year for a whopping $3.5 million — reportedly in just three days. Look, you know San Francisco is expensive. Inman know San Francisco is expensive. Saying the market there is brutal […]

NYC Council Quashes Bill To End Tenant Criminal Background Checks

The New York City Council refused to vote on Fair Chance for Housing Act, which would prevent landlords from denying tenants based on their criminal records. The bill may go back up for a vote in 2022. A bill that would’ve prevented New York City landlords from discriminating against potential tenants with criminal records is […]

Builders Forge Ahead On New Home Starts, But Supply Issues Persist

Builders kicked off construction on 129,400 new housing units in November — a half-percent increase on a month when starts typically decline, according to the U.S. Census Bureau. Homebuilders powered ahead with newly started projects during the month of November, bucking expectations of a seasonal slowdown. Builders kicked off construction on 129,400 new housing units […]

Corcoran Gets Jump On 2022 Expansion Plans With Texas Launch

New York City-based Corcoran Group is ending the year on a high note, as the brokerage breaks into the Texas real estate market with the launch of Corcoran Ferester Realty in The Woodlands. Led by veteran broker-owners Beth and Bob Ferester, the new affiliate will serve buyers and sellers in The Woodlands and the greater […]