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Tech-focused real estate company REX raises $40 million

In January, technology-focused real estate company REX completed a $45 million Series C funding round. Now, the company is raising more money. REX announced this week that it raised $40 million in Series C1 funding to complete its national expansion…

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Some Millennials say they plan on renting forever

if(typeof(jQuery)==”function”){(function($){$.fn.fitVids=function(){}})(jQuery)}; jwplayer(‘jwplayer_WET0shKy_2RuqXW7O_div’).setup( {“playlist”:”https://content.jwplatform.com/feeds/WET0shKy.json”,”ph”:2} ); Although Millennials seem to be taking over the housing market, nationally, 12.3% of Millennial renters say they plan to keep renting. Last year, 10.7% said they plan to always rent, up over 2%, a study from…

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Refinances hit 4-year high in October

How much of a refinance surge is the mortgage business experiencing? Well, for the first time in more than four years, there were more refinances closed in a month than purchase loans. According to the new Origination Insight Report from…

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Existing home sales climb 1.9% on low mortgage rates

Despite lingering regional variances, the nation’s existing-home sales increased by 1.9% in October, according to the National Association of Realtors. Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums, and co-ops – rose to a seasonally adjusted annualized rate of 5.46 million.…

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Freddie Mac: Mortgage rates reverse course from last week’s uptick

This week, the average U.S. fixed rate for a 30-year mortgage fell to 3.66%. That’s 9 basis points above last week’s 3.75% and more than a percentage point below the 4.81% of the year-earlier week, according to the Freddie Mac Primary Mortgage Market Survey. “The housing market…

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Gen Z FICO scores beat Millennials and Gen X

Of the three American generations following the Baby Boomers, the youngest is doing better at managing its credit. Gen Z, meaning people born in 1995 or later, has an average FICO score of 637, above the all-age average of 634,…

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