Posts filtered by tags: Markets & Economy[x]


Housing market may be ‘stabilizing’: ShowingTime

ShowingTime's latest data reveals that home showings saw an unusual dip in May, which could indicate the market is finally "adjusting and stabilizing."
Tags: Real Estate, Technology, Radio, Zillow, Markets & Economy, Select, News Brief, Michael Lane, Showingtime, Daniil Cherkasskiy

‘Homebodies’ hampering housing market potential by not selling

"Homebodies" — homeowners who don't want to give up their rock-bottom mortgage rates and seniors choosing to age in place — are keeping home sales from reaching their full potential, according to an analysis by First American Financial Corp.
Tags: Radio, Inflation, Mortgage, Inventory, NAR, Lawrence Yun, Doug Duncan, Markets & Economy, Select, Home Prices, Home Sales, Mark Fleming, First American Financial

‘You have to manufacture your own inventory’: RE/MAX CEO

RE/MAX CEO Adam Contos talked to Inman about low inventory, commission splits and what agents need to be focusing on in 2021.
Tags: Interviews, Data, Radio, Agent, Zoom, Inventory, Inman, Markets & Economy, Brokerage, Select, Adam Contos, RE/MAX, Dave Liniger, Commission Splits

With foreclosures on horizon, RES.NET revamps REO portal

With a potential surge in home foreclosures on the horizon, RES.NET, a technology platform provider for loan default management, says it's revamped its real estate-owned portal to support growth and scalability.
Tags: Radio, Mortgage, Markets & Economy, Brokerage, Select, Foreclosures, Forbearance, Bill Colby, REO portal,

Flips falter: Share of fixer-upper home sales drops as margins dip

Flipped properties fell to 2.7% of all sales in the first quarter of 2021, the lowest share seen in decades, according to a new report.
Tags: Investing, Radio, Markets & Economy, Select, ATTOM Data Solutions, House Flipping, Todd Teta, House Flippers

Mortgage rates continue to ease despite inflation worries

Markets concur with the view that inflation increases are temporary, according to a Freddie Mac economist.
Tags: Radio, Mortgage, Federal Reserve, Mortgage Rates, Freddie Mac, Fannie Mae, Markets & Economy, Select, Sam Khater

Amid inventory crisis, median age of US housing stock is getting older

In a pair of new studies released Wednesday, NAR and Harvard University are calling on the government to help ease the housing crisis.
Tags: US, Harvard, Radio, Harvard University, Agent, Affordable Housing, NAR, National Association of Realtors, Markets & Economy, Select, Housing Inventory, MLS & Associations

7-bedroom home sets record for priciest San Francisco sale

The mansion sold for more than $43 million, a record price in San Francisco that exceeds the one it set three years earlier.
Tags: Listings, San Francisco, Radio, San Francisco Business Times, Markets & Economy, Select, Luxury Lens, SFist

JPMorgan Chase commits $400M to affordable housing

The banking giant will provide low-cost loans, equity and grants for nonprofits and other groups that work with Black and Latino households on affordability issues.
Tags: Mortgages, Radio, Mortgage, Jamie Dimon, Affordable Housing, Eviction, JPMorgan Chase, Markets & Economy, Banking & Lending

Fed will keep buying mortgage bonds — for now

Tapering could happen sooner rather than later, with most policymakers open to short-term rate hikes in 2023.
Tags: Interest Rates, Radio, Mortgage, Federal Reserve, Mortgage Rates, Fed, Jerome Powell, Markets & Economy, Select, Mike Fratantoni

Summer market will be hot, but not scorching, economists say at Inman Connect

Daryl Fairweather of Redfin and Jeff Tucker of Zillow said the market would still continue to be strong through the end of 2021.
Tags: Radio, Home Office, Inflation, Agent, Mortgage Rates, Zillow, Redfin, Markets & Economy, Select, Inman Connect, Home Prices, Jeff Tucker, Sales Volume, Daryl Fairweather, Katie Kossev, Inman Events

Residential construction rose in May, despite material challenges

Single-family housing starts rose modestly, but housing completions and building permits dropped from the previous month, according to the U.S. Census Bureau.
Tags: Data, Radio, Hud, Builders, Markets & Economy, Housing Completions, Housing Permits, Housing Starts, U.S. Census Bureau, New Residential Construction, Single-family Housing Permits

Demand for mortgages rebounds after 3 weeks of declines: MBA

Applications for purchase loans and refinancings climbed as mortgage rates eased to the lowest levels since early May, according to the Mortgage Bankers Association.
Tags: Radio, Mortgage, Mortgage Rates, Mortgage Bankers Association, Markets & Economy, Joel Kan, Mortgage Refinancing

Home sale-leasebacks are surging, but are they good for homeowners?

Sale-leasebacks can feel like a lifeline to homeowners struggling to make mortgage payments, but consumer advocacy groups are concerned over the low sales prices investors are offering.
Tags: Radio, Agent, Mortgage, The Wall Street Journal, Morgan Stanley, John Burns Real Estate, New York Federal Reserve, Markets & Economy, News Brief, Pandemic, Alternative Financing, Easyknock, Jarred Kessler, Forbearance, Divvy Homes, Black Knight Data And Analytics

Fannie Mae has ‘meaningfully downgraded’ its forecast for 2021 home sales

As listing shortages and supply constraints on homebuilders drive up prices, risk of inflation grows, economists with Fannie Mae said.
Tags: Radio, Mortgage, Fannie Mae, Doug Duncan, Markets & Economy, Select, Home Prices, Home Sales, Housing Starts, Existing-Home Sales, New Home Sales, Eric Brescia

Desirable housing is out there. You just need to know where to look

At Inman Connect on Tuesday, three real estate professionals dished on the creative ways they're taking advantage of existing inventory amid an historic housing shortage.
Tags: Radio, Markets & Economy, Brokerage, Select, Inman Connect, Veronica Figueroa, Inventory crisis, Affordable Housing Market

Builder confidence dips slightly in June — to lowest level since August

The Housing Market Index dropped to 81 in June, down from 83 the previous month, according to the National Association of Home Builders and Wells Fargo.
Tags: Radio, National Association of Home Builders, National Association of Homebuilders, Markets & Economy, News Brief, Robert Dietz, Chuck Fowke, Homebuilder Confidence, Lumber Prices

Rent prices growing faster than pre-pandemic levels: CoreLogic

Rent prices across the country are growing at breakneck speed, now more than double the rate they were growing at the same time in 2020.
Tags: Analysis, Radio, CoreLogic, Markets & Economy, News Brief, Rent Growth, Rent Prices, Molly Boesel, Rent Price Growth

Homeowners are losing their enthusiasm for refinancing

Mortgage lenders faced a double-whammy in May, with demand for both purchase loans and refinancing falling despite the fact that mortgage rates came back down after surging in February in March.
Tags: Radio, Mortgage, Mortgage Rates, Markets & Economy, Select, Black Knight, Loandepot, Scott Happ, Anthony Hsieh, Mortgage Refinancing, Cash-out Refinancing

After buying frenzy, demand for second homes comes down to earth

New lending restrictions and buyer preferences meant slower growth last month in mortgages for vacation homes and investment properties.
Tags: Radio, Redfin, Freddie Mac, Fannie Mae, Markets & Economy, Brokerage, Select, Investment Properties, Second Homes, Vacation Homes, Daryl Fairweather, Home Market

Offerpad is a more profitable flavor of iBuying: Mike DelPrete

Offerpad's latest financials strongly suggest that a less venture-funded, less tech-enabled, more real-estate focused and less breakneck version of iBuying can be (almost) profitable.
Tags: Service, Radio, Agent, Zillow, Markets & Economy, Brokerage, Select, Opendoor, Ibuyers, Offerpad, Ibuying, Mike Delprete

Mortgage rates stable heading into next week’s Fed meeting

New inflation numbers, tapering of the Fed's mortgage bond purchases likely to be on the agenda when the FED meets next week.
Tags: Markets & Economy, Mortgage, Fannie Mae, Freddie Mac, Mortgage Rates, Sam Khater

Average homeowner gained $33,400 in equity last year: CoreLogic

The average annual equity gain from Q1 2020 to Q1 2021 for homeowners with mortgages is the highest in at least a decade, according to CoreLogic.
Tags: Analysis, Radio, CoreLogic, Markets & Economy, News Brief, Home Equity, Frank Martell, Dr. Frank Nothaft, CoreLogic Homeowner Equity Report

Amid housing shortage, investors double down on prefab startups

Construction startups have raised $1.5 billion since the start of this year as builders rush to address the shortage, according to Crunchbase.
Tags: Design, Radio, Crunchbase, Investors, Prefab, Housing Shortage, Modular Homes, Markets & Economy, VEEV, Prefabrication, Prescient

Share of LGBTQ buyers and sellers hasn’t grown since 2015: NAR

The share of LGBTQ homebuyers and sellers has remained at 4 percent since 2015, according to NAR. Lower household incomes and less access to affordable housing are two of the largest barriers.
Tags: Radio, Lgbtq, NAR, National Association of Realtor, Markets & Economy, Select, News Brief, Fair Housing Rights, LGBTQ homebuyers, LGBTQ homesellers

Offerpad sees dip in revenue as it preps for public debut

The iBuyer's revenues were down year over year, but up compared to the end of 2020. The company is also nearing completion of a merger that will allow it to begin publicly selling shares.
Tags: Technology, Radio, Earnings Report, Earnings, Spencer Rascoff, Markets & Economy, Select, Opendoor, Offerpad, Brian Bair, iBuyer, Ibuying

Mortgage applications slump as demand for refinancing wanes

Demand for mortgages slipped last week as requests to refinance slowed, outweighing the impact of a slight increase in purchase loan applications.
Tags: Radio, Mortgage, Mortgage Rates, Mortgage Bankers Association, Markets & Economy, Refinance, Mortgage Applications, Joel Kan

Out-of-town movers head for cheaper areas with larger homes

A greater share of movers than usual left the suburbs for more rural neighborhoods in 2020, according to a new study released Tuesday by Zillow.
Tags: Urban, Radio, Moving, Zillow, Rural, Suburban, Markets & Economy, Select, Jeff Tucker, North American Van Lines, Urban Exodus

Mortgage delinquency rates continue to improve: CoreLogic

After an uncertain year amid the pandemic, mortgage delinquency rates are just now starting to recover.
Tags: Radio, Mortgage, CoreLogic, Markets & Economy, News Brief, Frank Martell, Dr. Frank Nothaft, CoreLogic Loan Performance Insights report, Mortgage Delinquency

Inventory shortage sends home prices soaring at record rate

Black Knight's latest Mortgage Monitor Report recorded "the highest annual home price growth rate we’ve ever seen" in records going back nearly 30 years.
Tags: Listings, Radio, Mortgage, Markets & Economy, Home Prices, Black Knight, Ben Graboske, Home Price Growth