The share of homes with price cuts is getting closer to where it was a year ago. For the week ending Aug. 7, 41.44% of active single-family listings nationally had taken a price cut, compared with 41.85% during the same week last year. Eight weeks ago, the gap between 2026 and 2025 was 1.34 percentage […]
Housing Market Spotlight: Price cuts and the battle for leverage Read More »
It is no secret that Offerpad has struggled over the past few years. After recording three consecutive quarters of profitability, the Chandler, Arizona-based firm found itself in choppy waters during the third quarter of 2022, where it ultimately recorded an $80 million net loss. In total, the company would end up losing $148.6 million in
Offerpad says it is turning the engine back on in 2026 Read More »
Newrez has agreed to pay $15.5 million to resolve a multistate examination that found the mortgage servicer improperly charged some borrowers for lender-placed insurance despite having evidence of existing homeowners insurance, according to a settlement agreement signed Wednesday. The settlement agreement, reached with state mortgage regulators in 46 states and the District of Columbia, includes
Newrez agrees to $15.5M settlement over forced-place insurance Read More »