Realblvd

Rent pricing is following home sales 📉

Renters Hit Breaking Point in a Sudden Reversal for Landlords Affordability pressures and inflation are holding back tenants, forcing landlords to ease off big increases.

Opendoor, one of the nation's largest corporate home buyers/home sellers, is fined $62 million from the FTC for deceiving home sellers.

See full FTC press release in comments

Home buying firm settles deceptive marketing claims for $62 million. The Federal Trade Commission accused Opendoor of deceiving customers into offering their properties to the online platform for less than they would have made on the open market.

The Seattle-based real estate tech startup cited rising interest rates and lower demand for housing as reasons for the layoffs.

Flyhomes lays off 20% of its employees as housing market slows The Seattle-based real estate tech startup raised $150 million last year. It cited rising interest rates and lower demand for housing as reasons for the layoffs.

During his latest CNBC appearance, Redfin CEO Glenn Kelman said rising mortgage rates, softening home price growth and changing buyer attitudes are all signs of an impending shift.

Redfin CEO Glenn Kelman: 'Sellers are starting to freak out' Redfin CEO Glenn Kelman said rising mortgage rates, softening home price growth and changing buyer attitudes are all signs of an impending market shift.

Home market still at 'shock and awe levels' even as lending rates rise

"Originations of “jumbo” U.S. residential mortgage loans could hit $550 billion this year, a level not seen since the run-up to the 2008 financial crisis"

Jumbo home-loan originations near pre-2008 crisis levels Lenders are on pace to underwrite about $550 billion of U.S. jumbo home loans this year, a level last seen in the runup to the 2008 global financial crisis,...