HomeLight’s newest acquisition will allow it to lend in Texas, we have second-quarter housing reports from Texas Realtors, and pending home sales are up for the second month, all in this week’s roundup of real estate news.
HomeLight Acquisition Spurs Lending Expansion Into Texas
With its purchase of digital mortgage lender Eave, agent-referral site HomeLight can now offer loans to home buyers in six states, including Texas, Inman reported.
HomeLight takes buyer or seller preferences and compares them with agents, basing their matches on benchmarks like the time it takes an agent to sell a home, the average difference between list price and sales price (as well as how often they do price reductions), and more. They also factor in an agent’s past responsiveness to HomeLight referrals, as well as reviews. (more…)