Home Mortgage

What's driving latest home-sale spike?

Over the past year potential home buyers sought new homes “due to a historically-low inventory of existing homes and shifting preferences for larger homes, backyards and suburban neighborhoods.” Now, they're seeking a more affordable option, especially as prices of new homes remain elevated due to lumber costs.

Housing market went from 'sizzling' to 'hot': LoanDepot CEO

LoanDepot Inc. founder and CEO Anthony Hsieh argued on Monday that the housing market went from “sizzling hot” to “hot” as fresh data revealed sales of existing homes rose unexpectedly in July following months of declines due to increased home prices.