Why homebuilders aren’t building more homes

Today, the new home sales data perfectly explains why housing permits are near cycle lows and why we can’t get any traction on building more homes in America, as we have been basically stuck in one sales range for 10 years. If I take away the surge in new home sales early in COVID and the lows in 20
Read MoreMiami Realtors + RWorld expands into Treasure Coast with new merger

Miami Realtors + RWorld has completed its second merger in just over two months, joining with Martin County Realtors of the Treasure Coast to create a single association and multiple listing (MLS) service spanning five counties in southeast Florida. The merger expands the organization to approximate
Read MoreMortgage defaults level off in June, FHA new defaults down 15%

New mortgage default activity remained stable in June, with new defaults among Federal Housing Administration (FHA) borrowers falling 15% from a year earlier, marking the largest annual decline in more than four years. That’s according to Intercontinental Exchange’s (ICE) latest First Look Mortgage
Read MoreNon-agency is not subprime. The mortgage industry needs to start acting like it.

In the mortgage industry, no word carries more stigma than subprime. For anyone who lived through 2008, it brings up memories of falling home values, rising foreclosures and a financial system that nearly came apart at the seams. Pinning that same reputation on non-QM lending is a mistake the indust
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