30-Yr. Fixed Conforming. Updated hourly during market hours.
Single family homes on the market. Updated weekly.Powered by Altos Research
Market yield on U.S. treasury securities at 10-year constant maturity. Updated daily.Data sourced from FRED
Awards

2020 HW Rising Star: Michael Oursler

NewDay USA Chief Operating Officer

Michael Oursler
NewDay USA Chief Operating Officer, Age: 30

Throughout Michael Oursler’s eight years at NewDay USA, he has greatly contributed to the company’s success through his natural leadership skills as chief credit officer and senior vice president of operations as well as NewDay University vice president of capital markets and most recently, chief operating officer. As chief credit officer, Ourseler was the architect of the Accelerated Underwriting Program, which is a series of fast-track career training courses and a cornerstone of NewDay University. Company leaders have credited Oursler with the Accelerated Underwriting Program’s many graduates and other company accomplishments due to his leadership, training and underwriting expertise. When the COVID-19 outbreak occurred in March, Oursler took a step further and played a critical role in seamlessly shifting more than 500 employees to work from home within a matter of days. His work in developing and leading company operations is a major reason why NewDay USA is changing the lives of veteran families across the U.S. Oursler has received many awards for his outstanding work and success, including HousingWire’s Insider Award in 2018. 

What is the best piece of advice you have ever received?
“Be yourself, play to your strengths, and have the confidence in yourself to always be surrounded by people smarter than you.” 

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The story for the housing market over the past three years has been, “Home sales are down, home prices are up.” Because inventory was so restricted after the pandemic, prices pushed higher even as demand weakened. That story may finally be inverting as unsold inventory of homes is now great enough that home prices are […]