Tag Archives: economy

How the luxury housing market became invincible in 2021

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Luxury real estate agents reported having record years, and high-end properties have grown to become a larger and larger share of the overall market this year. Continue reading →

Mortgage rates hold steady following late-September spike

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Mortgage rates barely changed a week after rising bond yields and Federal Reserve statements led to rate hikes across the board. Continue reading →

The Evergrande crisis: Everything real estate agents need to know

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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? Continue reading →

Homebuyer sentiment ticks up for the first time since March

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Most consumers continue to report that it’s a good time to sell a home — but a bad time to buy — and they frequently cite high prices and a lack of supply as their primary rationale. Continue reading →

Percentage of all-cash home purchases in US soars to 30%

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That figure represents the largest share of homes purchased in all-cash since 2014, according to a Redfin report. Continue reading →

Douglas Elliman’s revenue and profit soar in first quarter

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The company also saw its sales volume climb to $10.1 billion in the first quarter of 2021, up 71 percent compared to the same period in 2020. Continue reading →

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

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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. Continue reading →

The real estate industry added 10,000 jobs in March

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The industry saw a healthy increase in jobs in March, following a tougher month of 4,500 job losses. The U.S. as a whole also saw its greatest number of job gains since August. Continue reading →

Share of mortgages in forbearance drop 3 points at end of February

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The overall decline of mortgage loans in forbearance was led by Ginnie Mae loans, which dropped by 7 basis points from the previous week to 7.28 percent of loans in forbearance. Continue reading →