COVID-19-related forbearance volumes decline for first time since pandemic hit

Active COVID-19-related forbearance volumes declined by a net 34,000 for the week ending June 2, the first weekly decrease since the CARES Act went into effect, according to data released Friday. Continue reading

The economic downturn won’t end investment in real estate tech

Two venture capitalists said Thursday that there’s still plenty of space for innovation and money to disrupt the real estate industry. Continue reading

Brokers talk culture and the future at Connect Now

Over the course of Broker Connect on Wednesday at Inman Connect Now, panel speakers discussed what actions brokers should take in upcoming months to move forward in the wake of the COVID-19 pandemic and national upheaval. Continue reading

Glenn Kelman: Waves of migration, consolidation coming to real estate

The Redfin CEO said Wednesday the coronavirus pandemic is helping fuel changes in real estate imagery and consumer behavior. Continue reading

Compass CEO: ‘It’s OK to not be OK in this time’

Robert Reffkin, one of the few African American leaders in the real estate industry, discussed how agents and allies can help the Black community. Continue reading

Cash en route to small businesses after House approves new stimulus bill

The new stimulus bill includes $310 billion for the Paycheck Protection Program, which is supposed to help small firms through the pandemic. Continue reading

Zillow seeing rising web traffic, growing consumer interest

Traffic to listings on Zillow plummeted in the first weeks of the pandemic. But it has since rebounded, suggesting more consumers might be ready to buy and sell homes. Continue reading

Fannie Mae forecasts mortgage rates under 3% for 2021

The average rate on a 30-year fixed-rate mortgage could hit 2.9 percent in 2021, according to Fannie Mae’s April housing forecast. Continue reading

Compass cuts salaries and admin staff hours

Compass is cutting staff salaries across the board a month after laying off roughly 15 percent of its staff. The move comes at the same time the company continues to add new agents, even during a market slowdown. Continue reading