The Indianapolis, IN metro housing market shows sellers adjusting expectations as 55.8% of active listings reduced prices during the week ending Oct. 31, 2025. Despite steady buyer activity with 512 homes absorbed weekly, the combination of rising inventory and widespread price cuts signals a shift in negotiating power. Active inventory reached 5,509 single-family homes, up […]
Indianapolis housing market sees 56% price cuts Read More »
Al Drago/Bloomberg Key insight: Federal Reserve Governor Michael Barr said the short-term impact of AI-related job cuts will likely lead to long-term economic gains, as new technology may create new jobs with higher pay. He also said the central bank is working to bring inflation back to its 2% target but noted there is “some
Fed Gov. Barr says AI may cause ‘dislocations’ in labor force Read More »
UWM Holdings had its strongest production quarter since the pandemic-fueled 2021, beating its own guidance, taking advantage of a brief window where rates fell in September. “Although I don’t know if you guys recognize it, but it was a dominant, dominant quarter,” Mat Ishbia, chairman, CEO and president said on the earnings call. The company
UWM posts best production quarter in four years Read More »
The Memphis housing market shifted further into buyer-favorable territory this week, with 45.2% of active listings taking price reductions while homes sat on the market for a median of 84 days. The metro’s 4,455 active single-family listings represent a 17.6% increase from the same period last year, creating the region’s strongest negotiating position for buyers
As other markets tighten, Memphis remains a bargain for buyers Read More »
The Decatur, IL housing market is moving at twice the national pace, with homes selling in just 35 days compared to the 77-day national median, even as median list prices climbed 17.8% year over year to $152,450. The Decatur metro absorbed 24 homes last week, up 33% from 18 homes during the same period last
Decatur homes sell twice as fast as national average Read More »
The Rochester metro has become New York’s tightest housing market, with just 0.96 months of inventory—the lowest among all major metros in the state. The metro’s relative affordability at a $249,900 median list price appears to be driving intense buyer competition, pushing the market into strong seller territory with homes selling in a median of
Rochester affordability fuels New York’s tightest housing market Read More »
The Phoenix–Mesa–Glendale metro housing market presents a striking paradox: while 48.99% of active listings have reduced prices, the median list price holds firm at $522,000, sitting 20% above the national median of $435,000. This pricing dynamic signals a market recalibration where sellers are adjusting expectations despite maintaining relatively high price points. The Arizona metro recorded
Phoenix sellers cut prices, but values hold firm Read More »
Agentic AI is moving from hype to real use cases in financial services, and Built is staking its claim in the space. The construction finance tech firm on Tuesday launched Draw Agent, an AI tool designed to speed and simplify construction loan draw reviews, one of the most time-intensive workflows in the lending process.
Built rolls out agentic AI to speed construction loan draws Read More »
Key insight: Wells Fargo is re-architecting its systems to embed agentic AI into core workflows. What’s at stake: Competitive advantage and reduced operational risk hinge on secure, governed agent deployment across firms. Forward look: The bank plans to deploy interoperable agent-to-agent banking and customer AI “buddies” that help conduct transactions. Source: Bullets generated by AI with editorial review
How Wells Fargo is building agentic AI into its workflows Read More »
Brian Vieaux wants every mortgage player to understand the power and potential of MISMO. The new president of the Mortgage Industry Standards Maintenance Organization is a 35-year veteran of home lending, and is excited to give back to the industry by bringing together various stakeholders to implement standards. That includes big issues such as the
How MISMO plans to shape mortgage tech and AI Read More »