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: Mike Yu

Blend Product Manager

Mike Yu
Blend Product Manager, Age: 24

Mike Yu joined Blend almost four years ago as the product team’s summer intern. Since then, Yu has worked tirelessly to bring the housing industry forward and into the digital age. In his current role as product manager, he’s driving projects that encompass roughly 30 team members, empowering them to push the housing industry forward. When Yu first joined the team, Blend had two lender partners and was processing two loans per day. Now, Blend has over 225 lending partners across the country and processes nearly $2.5 billion in loans daily. Yu establishes strong relationships with lenders, banks and credit unions across the country, working closely with them to help their digital transformation journey. Yu was instrumental in the launch of Blend Insurance Agency, an independent insurance agency that enables borrowers to seamlessly shop for and purchase homeowners’ insurance digitally within the mortgage application process. Since launching in 2018, it has served over 30,000 customers with customized insurance quotes. 

What is one habit that has helped you succeed?
“A consistent routine from about 10 p.m. to 8 a.m. that includes cleaning my inboxes, getting some sleep (at least eight hours!), and going to the gym. Doing this lets me start every day with a clear mind, knowing that I don’t have anything urgent left over from the day before.” 

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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 […]