Pending home sales remain at historically low levels

Pending home sales in November were largely unchanged from October’s levels, a month that saw the lowest pending sales since 2001. according to the latest data from the National Association of Realtors (NAR).NAR’s Pending Home Sales Index (PHSI) recorded a minor increase to 71.6 in November, from 71
Read MoreHow loan originators survived a cutthroat mortgage business in 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate’s managing director and a top-producing loan officer. “This is a lot different than 2008 where you needed a credit score and a heartbeat to get a mortgage. Now, you need to be ve
Read MoreZillow, ShowingTime sue 2 multiple listing services

Zillow Group and ShowingTime are taking two multiple listing services (MLSs) to court, due to their allegedly anticompetitive behavior.On Friday, Zillow Group and ShowingTime filed a lawsuit in U.S. District Court in Arizona against Arizona Regional MLS and Wisconsin-based Metro MLS. The lawsuit als
Read MoreFirst American cybersecurity attack disrupts closings over holidays

The nation’s second largest title insurer, First American, as well as some of its subsidiaries, remain offline as of Wednesday morning in the wake of the title firm’s Dec. 20 cybersecurity incident. The systems outage has derailed closings across the country over the holidays for homebuyers and sell
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