Posts filtered by tags: Markets & Economy[x]


5 people to watch at Offerpad as the iBuyer continues to expand

Offerpad, an iBuyer making major waves in how homes in many major cities are sold, has been on an unstoppable course of growth for more than half a decade.
Tags: Technology, Intel, Radio, Agent, Stacey Jones, Inc, Spencer Rascoff, Markets & Economy, Select, News Brief, Opendoor, Offerpad, Brian Bair, Supernova Partners Acquisition Company, Amir Ghaswala, Brigham Weight

Bubble Trouble: The housing crash will be even worse than I predicted

This is the homeseller market crash. Inventory is at historic lows, affordability is rapidly eroding, and rates are climbing. In this first of two opposing opinion pieces on the housing crash, Chris Drayer shares why the classic phrase "now is the time to buy" couldn't be farther from the truth.
Tags: Opinion, Service, Radio, Agent, Rent, Rentals, Sellers, Inventory, Markets & Economy, Brokerage, Select, Seller's Market, Chris Drayer, Inventory Shortage, Active Listings, Average Days On Market

Redfin reports $268M in revenue in first quarter, 40% jump over same period last year

CEO Glenn Kelman said Wednesday that the company is "just about hitting on all cylinders" after hiring more agents and lenders in the second half of 2020.
Tags: Wall Street, Radio, Earnings, Redfin, Glenn Kelman, Industry News, Markets & Economy, Brokerage, Select, Redfin Now, RentPath, iBuyer, Ibuying

Weaker mortgage demand tied to low inventory, higher prices

Applications for mortgage purchase loans fell for the second week in a row at the end of April, according to the Mortgage Bankers Association's weekly mortgage application survey.
Tags: Radio, Mortgage, Mortgage Rates, Mortgage Bankers Association, Markets & Economy, Select, Joel Kan

Bubble trouble: 4 stats that’ll give you hope (and 4 that won’t)

There are signs of trouble, but vaccinations are up, spending on home construction is up, and overall, there's reason to believe the market will improve.
Tags: Labor, Cdc, Data, Radio, Pennsylvania, Agent, Zillow, Building, Industry News, Groundhog Day, Centers for Disease Control, NAR, Commerce Department, Punxsutawney, National Association of Realtors, Realtor

Homeowners are cashing out equity like it’s 2005

With home values soaring and mortgage rates still near historic lows, homeowners are cashing out home equity at volumes not seen since the height of the housing bubble.
Tags: Radio, Mortgage, Foreclosure, Urban Institute, Markets & Economy, Select, Home Equity, Forbearance, Cash-out Refinancing, Jonathan Glowacki

Zillow has most profitable quarter ever — again

The online giant brought in $1.2 billion in revenue during the first three months of 2021, and made $52 million in profit.
Tags: Technology, Wall Street, Radio, Earnings, Snl, Saturday Night Live, Zillow, Industry News, Markets & Economy, Select, Rich Barton, Premier Agent, Zillow Earnings

Demand from millennials fuels biggest home price gains in 15 years

CoreLogic expects national home price appreciation to cool to 3.5 percent by next year, identifies some markets at risk of price declines.
Tags: Radio, Markets & Economy, Select, Frank Nothaft, Mark Fleming

Bubble trouble: How agents are managing client anxiety amid bubble talk

Today's crazy market conditions are forcing agents to have sometimes-challenging conversations about what a bubble is and what might happen in a correction.
Tags: Mississippi, Radio, Kansas, Agent, Supply, Compass, Jackson, Housing Crisis, Seattle, North Carolina, Bubble, Great Recession, Hutchinson, Demand, Southport, Andrew Oldham

Fears of pandemic-induced foreclosure wave ease

Two-thirds of the 7.1 million homeowners who were granted forbearance during the pandemic have already left. Most of this "bellwether" group have either resumed payment on their loans or paid them off.
Tags: Radio, Mortgage, Foreclosure, Markets & Economy, Select, Black Knight, Ben Graboske, Mortgage Payments, Mortgage Delinquencies, Forbearance

Rising lumber costs add $36K to new home sales prices

The battle between supply and demand has hit the lumber industry hard, as mills struggle to keep up with demand and homebuilders push the costs to buyers.
Tags: Radio, Wall Street Journal, Cnbc, Markets & Economy, New Home Sales, Home Price Growth, Lumber Costs, Land Costs, New Home Price Growth, New Home Sales Growth

Bubble trouble: Is the market on a collision course with disaster?

Soaring home prices have fueled talk of a bubble. Economists, however, think a gradual slowdown is more likely than a sudden pop.
Tags: Radio, Agent, St. Louis, Bubble, Great Recession, Redfin, Inventory, Markets & Economy, Select, Realtor.com, John Burns Real Estate Consulting, George Ratiu, Taylor Marr, Rick Palacios, Bill Wilmering, Bubble Trouble

Homeseller profits begin to dip in first quarter

Homeseller profits were up from last year, but dipped slightly from the fourth quarter in the first quarter of 2021, according to ATTOM Data Solutions.
Tags: Radio, Markets & Economy, Home Prices, ATTOM Data Solutions, Homeseller Profits

Get paid to move: 6 regions wooing new residents with cash perks

Economic councils across the U.S. are trying to lure remote workers with incentives like cash, community events with other transplants, free flights and in the case of the Northwest Arkansas Council, a bicycle. And it seems to be working.
Tags: Lifestyle, Alabama, Remote Work, Economy, Radio, Arkansas, Hawaii, Iowa, Michigan, Moving, Savannah, Incentives, Tulsa, Markets & Economy, Select, Northwest Arkansas Council

The buyer’s agent who padlocked the gate: Stories from the wild world of real estate

Have you heard the latest boots-on-the-ground, can-you-believe-it story? Here are some of the most unusual and bizarre tales from the front lines of the current mad market.
Tags: Listings, Radio, Listing, Agent, Negotiations, Offer, Homebuying, Markets & Economy, Brokerage, Select, Seller's Market, Christy Murdock Edgar, Multiple Offers, Homeselling, Writing An Offer, Real Estate Stories

Pending-home sales increase following 2 months of declines: NAR

The pending home sales index rose from the previous month in every U.S. region but the Midwest, while all regions saw gains year over year.
Tags: Radio, Mortgage Rates, Midwest, NAR, Markets & Economy, Select, Median Home Price, New Construction, Pending Home Sales, Housing Starts, Low Inventory, National Association of Realtors (NAR, Coronavirus Pandemic, NAR chief economist Lawrence Yun, U.S. Pending Home Sales Index, Job Recovery

Mortgage rates hold steady below 3%

The 30-year fixed-rate mortgage averaged 2.98 percent, up slightly from last week’s 2.97 percent, according to Freddie Mac's Primary Mortgage Market Survey.
Tags: Interest Rates, Radio, Mortgage, Mortgage Rates, Freddie Mac, Markets & Economy, Select, Primary Mortgage Market Survey

Equity gains for Black owners are progress, but more work is needed

The home equity gains made by Black homeowners in recent years are worth celebrating, but there's a long way to go. Here are a few ways the industry can help.
Tags: Opinion, Radio, Agent, Markets & Economy, Select, Home Equity, Black homeowners, Black homeownership rate, Tai Christensen

Fed maintains commitment to not raising interest rates

The Federal Reserve restated its intent to keeping a lid on interest rates, saying the pandemic "continues to weigh on the economy, and risks to the economic outlook remain."
Tags: Interest Rates, Radio, Inflation, Mortgage, Federal Reserve, Mortgage Rates, Fed, Markets & Economy

Housing market slows despite record low interest rates

The housing market continued to slow this week even as interest rates remain below 3 percent. MBA Economist Joel Kan explains why.
Tags: Mba, Housing Market, Radio, Mortgage, Mortgage Bankers Association, Markets & Economy, Select, Joel Kan, Mortgage Apps

Costar revenue jumps 17% with help from new addition Homesnap

The company raked in $458 million during the first quarter of the year. It also said that Homesnap, which it bought in 2020, performed well.
Tags: Real Estate, Technology, Radio, Earnings, CoreLogic, Markets & Economy, Select, Pandemic, Andrew Florance, Ten X, Homesnap, RentPath, Coronavirus, Costar, Coronavirus Pandemic, Emporis

Housing market insanity leaves homeownership rate unchanged

The U.S. homeownership rate remained statistically unchanged in the first quarter of 2021, despite the recent increase in housing market activity.
Tags: Housing Market, Radio, Markets & Economy, Select, Home Prices, Homeownership Rate, Housing Inventory, George Ratiu, U.S. Census Bureau

Home prices surge to new high — but is it sustainable?

Home prices continue to surge, hitting double digit increases for the third consecutive month, according to the latest Case-Shiller report.
Tags: Markets & Economy, Select, Case-shiller, Corelogic, Home Prices, Housing Supply

Home price growth sets record high

The 12.2% gain represents an increase of $35K for a median-priced home that sold a year ago at $290K, according to data released Tuesday by the Federal Housing Finance Agency.
Tags: Radio, Freddie Mac, Fannie Mae, Markets & Economy, Select, News Brief, Lynn Fisher, Federal Housing Finance Agency House Price Index

Zestimates can’t keep up with wild housing market, agents say

Four agents from around the country talk about the widening gap between Zestimates and MLS home value data as inventory shortages push prices to new highs.
Tags: New York City, Sacramento, Radio, Zillow, Tampa, Big Sky, Home Values, Markets & Economy, Select, Appraisal, Home Price Growth, Zestimates, Home Estimates

Beyond the headlines: Demand continues to exceed supply

Looking for a little clarity on the news? Windermere Chief Economist Matthew Gardner dives into recent housing data releases and predicts how the market will fare.
Tags: Video, Homeownership, Housing, Opinion, Housing Market, Data, Analysis, Radio, Columns, Windermere Real Estate, Markets & Economy, Select, Home Sales, Housing Starts, Matthew Gardner, Building Permits

Mortgage forbearances continue slow decline

Mortgage forbearances decreased for the eighth consecutive week, though at a slower rate than the past two weeks, according to the latest Mortgage Bankers Association report.
Tags: Mba, Radio, Mortgage, Mortgage Bankers Association, Markets & Economy, Black Knight, Forbearances, Mike Frantantoni

Americans prioritize paying their mortgage during pandemic

For Americans with mortgages, car payments and credit cards, a new TransUnion study shows paying their mortgage was a top priority during the pandemic.
Tags: Radio, Mortgage, TransUnion, Markets & Economy, Select, Mortgage Payment, Payment Hierarchy Study

Inman Handbook on comps in these chaotic times

Agents' expertise has long relied on studying and understanding sales patterns in their markets. But with little inventory and soaring prices, patterns are hard to find.
Tags: Texas, California, Sacramento, Los Angeles, San Francisco, Radio, Agent, Houston, Detroit, Zillow, Redfin, Bay Area, Industry News, Keller Williams, Gary Gold, Markets & Economy

A third of Realtors bought or sold a ‘green’ home in the past year

Thirty-two percent of respondents of a National Association of Realtors survey say they were involved in buying or selling a property that had eco-friendly features in the past year.
Tags: Sustainability, Radio, Public Transit, Energy Efficiency, Agent, Energy Star, Solar Panels, Smart Home, Eco-friendly, NAR, National Association of Realtors, LEED, Markets & Economy, Select, Green Features, NGBS

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