Entries by Lindsay

Condo sales rebound as buyers snatch up deals

A new report from Redfin revealed that condo sales rose 22.7% in October from a year earlier on a seasonally adjusted basis, after seeing a 50% drop in the spring. Single-family home sales grew 23.3% last month. “Condos sales are rebounding because buyers are finding great deals,” said Redfin’s Chief Economist Daryl Fairweather. “Families are […]

The Mortgage Collaborative launches emerging technology fund

The Mortgage Collaborative, an independent cooperative network in the mortgage industry, today announced the launch of TMC Emerging Technology Fund LP, a venture capital program funded by a self-selected segment of TMC members to capture opportunities driven by the rapid pace of technological change in the mortgage sector. Inspired by member suggestions during a CEO […]

Comment on Home Inspector Sued By the Seller by Sandra

We’re selling our condo in a 200 year old house and the inspector noted that the original wide pine floor in the kitchen “squeaked” when you walked on it. He also advised our buyer that the furnace was a certain age, because of the “series date” on the furnace. There were at least 50 other […]

What PNC has in mind for BBVA's technology

BBVA USA was one of the first U.S. banks to deploy a real-time core system and to purchase a neobank. Here’s what PNC may keep, and what it may jettison, after it acquires the U.S. unit of the Spanish banking giant. Source: American Banker

The downside of the hot 2020 housing market: rapid home-price growth

Demand for housing was strong in early 2020, before the COVID-19 crisis hit. Mandated shut-down measures and the fear of what COVID would do to our economy temporarily immobilized the housing market, evinced by nine weeks of declines in the weekly purchase applications data on a year-over-year basis. Then it was as if the Housing Demographic […]