The country saw 1.62 million residential mortgage originations in the second quarter of 2024, an increase of 23.2% from the previous quarter, and the first quarterly gain in a year. The increase in overall lending in Q2 came amid the Spring homebuying season and lower mortgage interest rates that dipped downward after months of increases,…
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Unsold inventory of homes on the market has been climbing in the U.S. for two years, right along with rising mortgage rates. In general, inventory rises with rates because more expensive money slows demand. When demand slows, inventory grows. According to Altos Research, there are 40% more homes on the market at the end of…
Four title insurance firms have agreed to pay nearly $3.3 million to settle civil claims that they’ve engaged in kickbacks with real estate agents through joint ventures in the Washington, D.C. area, according to the Attorney General for the District of Columbia Allied Title & Escrow, LLC (Allied), KVS Title, LLC (KVS), Modern Settlements, LLC…
CNBC’s Diana Olick reports on the latest real estate market data.