Refi activity picks up to highest level in two years

Refinance applications picked up as mortgage rates fell last week, but purchase loan activity had only a small gain, according to data released Wednesday by the Mortgage Bankers Association (MBA).The MBA’s survey — which covers 75% of all retail residential mortgage applications in the U.S. — found

HUD’s Todman visits Cincinnati to talk affordable housing

Adrianne Todman, acting secretary of the U.S. Department of Housing and Urban Development (HUD), visited with local leaders in Cincinnati this week to talk about ways to address an affordable housing shortage in the city and across the state of Ohio, according to local reporting by the Cincinnati Ci

Real Brokerage continues to add agents at a rapid pace

The Real Brokerage isn’t tapping the brakes on its rapid expansion.During its second-quarter 2024 earnings call on Wednesday, the company said it added almost 3,000 agents from April through June, a 70% year-over-year rise and a 250% increase compared to Q2 2022.The ballooning agent count pushed bro

Real estate investors have a ‘cautiously optimistic’ outlook: survey

Single-family rental (SFR) investors are worried about the rising cost of home insurance, but the majority expect to buy more properties in the next year as mortgage rates cool and home-price growth subsides. That’s the conclusion from a survey of 235 single-family landlords in late June and early J