Posts filtered by tags: Markets & Economy[x]


The next class of luxury homesellers is younger than you might think

In 2020, nearly half of homesellers were classified as baby boomers or the silent generation, but through the next year, a whopping 80 percent of luxury sellers will be millennials and Gen Xers.
Tags: Entrepreneurs, Wealth, Radio, Luxury, Millennials, Henry, Gen Xers, Markets & Economy, Gen Zers, Retirees, Anthony Hitt, Engel & Völkers, Homesellers, Luxury Sellers, Engel & Völkers Americas, COVID-19

The Evergrande crisis: Everything real estate agents need to know

One of China's largest property developers is in dire financial straits, and the world is watching. What does it mean for the U.S. housing market, real estate agents and the economy?
Tags: Developer, China, Supply Chains, Economy, Materials, Radio, Mortgage, Construction, Caterpillar, Evergrande, Markets & Economy, Select, Banking & Lending

Redfin CEO, Zillow pour cold water on TikToker’s iBuyer theory

A recent viral video suggested iBuyers could jack up the prices of homes. But one expert called the theory "fairly conspiratorial," and iBuyers themselves said they still have a tiny share of the market.
Tags: Amazon, Technology, Wall Street, Walmart, Radio, Las Vegas, Nevada, Zillow, Costco, Target, Redfin, Glenn Kelman, Phoenix, NAR, Keller Williams, National Association of Realtors

Low mortgage rates keep home costs in an acceptable range

Ownership costs for the median home remain within a normal range but are nearing the point where lenders might start to balk.
Tags: Radio, Mortgage, Lenders, Markets & Economy, Select, Median Home Price, Home Prices, Home Affordability, ATTOM Data Solutions, Banking & Lending, Median Wage

Fed prepared to taper mortgage purchases this year

The Fed's debt purchases are credited with helping keep mortgage rates low during the pandemic.
Tags: Interest Rates, Economy, Radio, Mortgage, Federal Reserve, Mortgage Rates, Fed, The Fed, Jerome Powell, Tapering, Markets & Economy, Mortgage-Backed Securities

Interest in second homes remains down for third consecutive month

Many buyers are still considering second-home purchases, but the number was down from last year's blistering levels.
Tags: Investing, Radio, Mortgage, Mortgage Rates, Rentals, Redfin, National Association of Realtors, Markets & Economy, Select, Home Sales, Second Homes, Vacation Homes, Low Mortgage Rates, Investment Homes, Rate Locks

Existing-home sales take a U-turn following 2-straight months of gains

Existing-home sales declined 2 percent between July and August to a seasonally adjusted annual rate of 5.88 million, with all geographical regions in the US seeing monthly and annual declines.
Tags: US, Data, Analysis, Radio, Markets & Economy, Select, National Association of Realtors (NAR, Nar Existing Home Sales, NAR chief economist Lawrence Yun, Existing Home Sales Report

Fall housing outlook: Cooling prices, tighter inventory, less competition

As the weather cools, so too will competition and housing prices, experts told Inman for its 2021 Fall Housing Market Outlook. Still, agents can expect inventory to remain tight
Tags: Texas, Analysis, Chicago, Radio, Federal Reserve, Mortgage Rates, Zillow, Denver, Redfin, Boise, Morty, Inman, Markets & Economy, Select, RE/MAX, Washington D.c

Demand for mortgages surges as inventory situation improves

Housing demand is strong heading into the fall, despite fast-rising home prices and low inventory.
Tags: Listings, Radio, Mortgage, Mortgage Rates, Inventory, Mortgage Bankers Association, Markets & Economy

4 ingenious ways to take advantage of a market slowdown

Three broker-owners share how real estate agents can make the best of a seasonal slowdown with upgraded marketing, better training and much more.
Tags: Productivity, Marketing, Radio, Agent, Market Trends, Markets & Economy, Select, Year End Planning, Tiffany Harris, Inman Events, Connect Now, Tiffany Curry, Daniel Gluckin

Multifamily housing starts deliver August surprise; single-family falls

Privately owned housing starts beat expectations in August while single-family starts declined by nearly 3 percent, according to data issued Tuesday by the US Census Bureau.
Tags: Data, Radio, Hud, Builders, Inventory, Markets & Economy, Select, New Construction, Housing Completions, Housing Starts, Building Permits, U.S. Census Bureau, RCLCO Advisory, New Residential Construction report

Builder confidence rebounds after 3 months of declines

Prices for softwood lumber and some other building materials ease, but workers remain in short supply, according to the National Association of Home Builders.
Tags: Radio, Markets & Economy, Select, NAHB, Builder Confidence, Homebuilder Confidence

Rent prices skyrocket yet again: CoreLogic

Rent for a single-family home increased by 8.5 percent year over year in July compared to 7.5 percent in June.
Tags: Analysis, Radio, Rentals, CoreLogic, Markets & Economy, News Brief, Rent Prices, Molly Boesel, Rental Prices, Rent Rates

Home sales will cool off for the rest of this year and next: Fannie Mae

Projected growth in new home sales wouldn't offset expected drop in existing home sales, according to Fannie Mae's latest monthly forecast.
Tags: Interest Rates, Radio, Inflation, Mortgage, Federal Reserve, Mortgage Rates, Inventory, Fannie Mae, Markets & Economy, Home Prices, Home Sales, Existing-Home Sales, New Home Sales

4 ways to ensure buyers don’t regret their purchase

Over the past year, homebuyer regret has reached record highs. Here are Nerdwallet's tips for making sure your clients don't experience the same thing.
Tags: Budget, Negotiating, Radio, First-time buyers, Nerdwallet, Markets & Economy, Home Price Growth, Bidding Wars, National Home Price Growth, Waiving Contingencies

Home sales should stay strong this fall: MoxiWorks report

The tech startup's data suggests that, thanks to the pandemic and low interest rates, home sales will see less of a seasonal drop off this fall than they have in prior years.
Tags: Autumn, Technology, Radio, Industry News, Markets & Economy, Home Sales, Pandemic, MoxiWorks, York Baur, Coronavirus, COVID-19, Coronavirus Pandemic, Mortgage Forbearance

Fewer homes sell in August than last year, a first since pandemic boom

Home sales declined in August on a seasonally adjusted basis, settling in 6 percent lower than the same time last year.
Tags: Technology, Radio, Redfin, Markets & Economy, Brokerage, Select, Home Prices, Home Sales, Home Inventory, Daryl Fairweather, Coronavirus

‘Holding pattern’: Virus extends stable period for mortgage rates

Rates for 30-year mortgages have remained virtually unchanged for two months even as lenders reported recent movement on other loan types.
Tags: Radio, Mortgage, Mortgage Rates, Freddie Mac, Markets & Economy, Banking & Lending, 30 Year Fixed-rate, 15-year Fixed Rate, Lender Survey

Profit margins drop on fixer-uppers as flip sales ramp back up

Fix-and-flip investors have seen their lowest profit margins in a decade, with the typical return falling to 34 percent.
Tags: Home Improvement, Investing, Investment, Radio, Investor, Markets & Economy, Home Sales, ATTOM Data Solutions, Fixer-Upper, Profit Margins, Todd Teta, Property Portfolio, Home Flips

Regulators loosen reins on Fannie and Freddie

It’s been an abrupt about-face for Fannie and Freddie, which under the Trump administration were on a path to privatization. Democrats have put the brakes on those plans, seeing an opportunity to use Fannie and Freddie to provide better access to home loans for underserved borrowers.
Tags: Regulations, Radio, Mortgage, Trump, Freddie Mac, Freddie, FHFA, Fannie Mae, Federal Housing Finance Agency, Fannie, Markets & Economy, Investment Properties, Second Homes

It looks like the US is headed for a 2nd wave of homeowner reshuffling

A large share of employees want to work remotely, but some say their employers' lack of guidance on this policy is delaying big decisions.
Tags: Technology, US, Remote Work, Workers, Radio, Employees, Websites, Survey, Zillow, Markets & Economy, Select, Employers, Pandemic, Home Market, Chris Glynn, Meghan Reibstein

Bidding wars reach lowest level since August 2020: Redfin

Thanks to the reemergence of seasonal market patterns, bidding wars have slowed to their lowest level in over a year.
Tags: Radio, Redfin, Markets & Economy, Select, Seller's Market, Homebuyers, Home Price Growth, Homesellers, Bidding Wars

Prices for home construction materials dip for first time in 2021

Builders got a break in August from the price increases of previous months, but the unpredictable swings in costs remained unwelcome.
Tags: Radio, Bureau of Labor Statistics, National Association of Home Builders, Drywall, Markets & Economy, Select, Home Prices, Lumber, Home Construction, Home Builders, Lumber Prices

Foreclosure rate falls to 22-year low with every US state tallying declines

The foreclosures rate fell to 0.2 percent in June 2021 from 0.3 percent the previous year, according to data released Tuesday from CoreLogic.
Tags: US, Analysis, Radio, Predictive Analytics, CoreLogic, Markets & Economy, News Brief, Frank Martell, Banking & Lending, Dr. Frank Nothaft, CoreLogic Loan Performance Insights report

These are the most family-friendly suburbs in the US

Looking at schools and infrastructure, realtor.com identified the most family-friendly suburb for each of the country's 11 biggest cities.
Tags: US, Analysis, Radio, Compass, Predictive Analytics, Urban Institute, Babe Ruth, Brian Urlacher, Markets & Economy, News Brief, Realtor.com, Brian Ulracher, Elena Mendelson, Jung Choi, Realty Executives Platinum, Toni Kaufmann

Is your client ready to buy a home? This is the best time to do it

Here's the best time to purchase a home, according to realtor.com's latest real estate market report.
Tags: Radio, Homebuying, Markets & Economy, Select, Realtor.com, Homebuyers, Home Price Growth, Fall Homebuying Season, Fall Home Prices, Fall Market Trends

Rising home sales, prices help title insurers post record profits

Rising home sales and prices helped title insurers post their best second quarter earnings ever, thanks to lower claims and a surge in premiums.
Tags: Radio, Fidelity, Mortgage, Stewart, Old Republic, Markets & Economy, Title Insurance, First American, Fidelity National Financial, 2019 Nar Profile Of Real Estate Firms, Stewart Information Services, Old Republic Title Insurance Group

Miami neck and neck with pricey California metros as home prices surge

Another year of home price growth has pushed some metros to extremes, including Miami, where income growth hasn't been able to keep up, according to new data from OJO Labs.
Tags: Florida, California, Radio, Miami, Housing Affordability, Inventory, Markets & Economy, Select, Home Affordability, Price Growth

Miami neck-and-neck with pricy Calif. metros as home prices surge

Another year of home price growth has pushed some metros to extremes, including Miami, where income growth hasn't been able to keep up, according to new data from OJO Labs.
Tags: Florida, California, Radio, Miami, Housing Affordability, Inventory, Calif, Markets & Economy, Select, Home Affordability, Price Growth

Despite cooling housing market, pending sales continue to climb

During the four-week period ending Sept. 5, pending sales rose 6 percent from a year earlier, according to a report released Wednesday by Redfin.
Tags: Data, Radio, Redfin, Markets & Economy, Select, Median Home Price, Pending Sales, Price Drops, Mortgage Applications, New Listings, Bidding Wars, Homebuyer Demand, days on market (DOM, Active Listings, Above Asking Price

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