A report from the Daily Mail. "In his three-minute call, Vishal Garg CEO of mortgage lender Better.com Vishal Garg, said that the 'market has changed' - meaning savage cuts to the $7 billion company's workforce were needed to avert disaster.…
A report from the New York Post. "Better.com became a pandemic darling as city dwellers sought to flee to greener and larger spaces in the suburbs, fueling a boom in the housing market and associated lenders. CEO Vishal Garg laid…
A report from the Oklahoman. "Prices for new homes are outpacing appraisals, busting purchase contracts if buyers and builders can't come to terms and fill the financing gap. Metro-area Realtors discussion mentioned appraised values for new homes falling short of…
A report from the LA Daily News in California. "Rampant housing inflation means the federal government will now back almost million-dollar mortgages — including deals in Los Angeles and Orange counties. Note that mortgages made for vacation homes and second…
A report from the San Francisco Chronicle in California. " "As San Francisco approached the critical December shopping month, instead of holiday lights and Santa Claus decorations, dozens of downtown retailers greeted shoppers with plywood-encased storefronts and armed guards in…
A weekend topic starting with a press release. "ATTOM released its third-quarter 2021 U.S. Residential Property Mortgage Origination Report, which shows that 3.59 million mortgages secured by residential property (1 to 4 units) were originated in the third quarter of…
It's Friday desk clearing time for this blogger. "Courtney White and her fiancé saw one house after another go under contract before even having a chance to see the property during their house hunt earlier this year. After finally buying…
A report from the Oklahoman. "Landon Whitt, CEO of OKCReal, said he's seen what may be some cooling in investor demand. 'I have had three different investors get cold feet after placing an offer, and pull out of the deal,…
A report from the High Point Enterprise in North Carolina. "While many real estate markets are still booming, some are seeing a recent slowdown in home sales. Insurify named Greensboro-High Point as No. 3 on the list of the nation's…
A report from Dirt on California. "A couple months ago, a Sunset Strip house sold for $14 million - exactly $5 million less than the sellers had paid in 2014. Months before that, another nearby house sold for $12.5 million,…