LoanDepot’s earnings showed growth in loan originations as interest rates fell, homebuyers looked to refinance, and the housing market has entered what management termed a more normalized environment. The company returned to profitability for the first time since the fourth quarter of 2022 and introduced...
The typical American homebuyer is older than ever before, National Association of Realtors data shows. The association’s 2024 Profile of Home Buyers and Sellers — the subject of a Bloomberg News report Monday (Nov. 4) — shows that the age of a typical homebuyer was...
The latest data from the Bureau of Labor Statistics on Consumer Expenditures underscores what PYMNTS Intelligence has found for months: Food and shelter, among the most essential of all spending categories, are taking an outsized chunk of households’ paychecks — especially for lower-income consumers. The...
Entrata, an operating system for multifamily communities, has teamed with financial wellness solutions provider Flex. The collaboration, announced Tuesday (Sept. 17), lets residents divide their monthly rent into “smaller, more manageable payments,” while still letting property managers get the same single rent payment they expect...
July 25, 2023
Paid-off homes and higher savings cushions could be behind the elder generation’s purchasing abilities. Even as they ease out of their peak earning power, baby boomers and seniors remain the generation most able to make ends meet. Born before 1964, members of this demographic are largely considering reducing their working hours or easing into retirement […]
June 13, 2023
Wall Street is parsing the latest inflation data, gaming the odds of another Fed rate hike — or pause. And while the headline data show that consumer prices overall rose...
November 16, 2022
The nation’s second-largest chain of hardware stores said Wednesday (Nov. 16) that its commercial or “Pro” business grew 19% last quarter, as consumers continue to invest in home remodeling projects...
August 20, 2020
Amid the lingering economic aftershocks of the pandemic looms a housing crisis — if millions of people are unable to pay the rent. After trillions of dollars of stimulus payments,...
November 04, 2024
The typical American homebuyer is older than ever before, National Association of Realtors data shows. The association’s 2024 Profile of Home Buyers and Sellers — the subject of a Bloomberg News report Monday (Nov. 4) — shows that the age of a typical homebuyer was 56, an all-time high. It’s a situation that’s developed as […]
September 17, 2024
Entrata, an operating system for multifamily communities, has teamed with financial wellness solutions provider Flex. The collaboration, announced Tuesday (Sept. 17), lets residents divide their monthly rent into “smaller, more...
August 04, 2024
Loyalty rewards platform Bilt is valued at $3.2 billion after a new funding round. The company raised $150 million from a round led by the Ontario Teachers’ Pension Plan, Bilt...
May 28, 2024
Consumers are more likely to expect an expansion of public assistance programs than they were a year ago. Among the programs about which they have increased optimism are federal student...
