Today’s jobs report showed positive growth, with 177,000 jobs added and an unemployment rate of 4.2%. Mortgage rates went up a tad today, but the spreads improved, which was a positive. As market drama calms down, we should see some improvement with the spreads, something I discussed in this recent episode of the HousingWire Daily podcast.
Financial literacy resource provider FirstHome IQ has announced a partnership with Crib Equity, a co-investment platform that aims to improve affordability by increasing the down payment and lowering debt.
Economists are bracing for the possibility of job losses as a result of economic uncertainty, but so far they’re not happening enough to offset job gains.
For decades, U.S. housing policy has quietly prioritized protecting existing homeowners over creating opportunities for future buyers. Zoning laws, tax incentives, mortgage structures, and even foreclosure practices have all contributed to driving up costs and limiting supply. Unaffordable by Design is a HousingWire exclusive dive into the roots of America’s housing affordability crisis — revealing how we got here and what it will take to chart a new path forward.
PennyMac Financial Services has raised $850 million in debt in an oversubscribed transaction on Thursday. The California-based mortgage lender and servicer initially planned to issue $650 million.
The economic headwinds facing real estate brokerages keep piling up, and it’s taking a toll on RE/MAX.
On its first-quarter 2025 earnings call Friday morning, the company disclosed year-over-year declines in revenue, U.S. agent count and operating cash flow, leading to a net income loss of $3.2 million.
A real estate agent’s guide to fearless proactive lead generation By Tim and Julie Harris
When industry experts think about what could lead to a significant departure of loan officers and real estate agents, two main things come to mind: AI and market conditions. Although AI and market conditions will have some level of impact, a much bigger game-changer is coming to the industry. It is the rise of the educated homebuyer, which is now in its infancy but will become the new norm within the next ten years.
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