Pending home sales keep falling as market conditions ‘normalize’: NAR

Pending home sales dipped for the fifth-straight month in March, with the Pending Home Sales Index dropping 1.2 percent from February to 103.7, according to the National Association of Realtors. Continue reading

Zillow changes tune on 2023 home values and sales. Here’s why

Zillow now expects home value growth to reach 14.9% through March 2023, down from its previous estimate of 16.5% growth. What’s with the downgrade? Continue reading

RE/MAX enlists SUCCESS Coaching exec to lead West Coast operations

SUCCESS Coaching executive Ben Fairfield has joined RE/MAX as vice president of region development for the West Coast, overseeing franchise growth across 15 states. Continue reading

Inflation hits 8.5%, highest mark since 1981. Housing is only part of it

Rents rose by 0.4 percent from February to March — a slowdown from recent months even as gas and food costs spiked, according to the latest Consumer Price Index, released Tuesday Continue reading

Homebuyer sentiment hits record low

Only 24 percent of consumers think now is a good time to buy a home — the lowest reading ever recorded in a monthly survey conducted by Fannie Mae since 2010. Continue reading

‘Stock is not the company:’ Robert Reffkin on Compass 1 year after IPO

In a heartfelt letter posted on LinkedIn, Compass founder and CEO Robert Reffkin addressed his company’s stock market troubles and cast his vision for the future. Continue reading

Mortgage tech provider Blend pulls back on hiring, eyes Title365 layoffs

A sharp decline in mortgage refinancing prompts Blend to pull back “very hard” on hiring and reconsider the “right number of people” needed in the title insurance segment. Continue reading

Bond yields rise as Fed says it will double pace of tapering

The Federal Reserve will double the pace of its tapering of support for mortgage markets, as falling unemployment and worries about inflation outweigh uncertainty around the potential health and economic impacts of the Omicron variant. Continue reading

First-time homebuyers likely to be hit hardest by inflation in 2022

Real estate coach Brian Buffini shared his annual predictions for the year ahead during a webcast in which he urged agents to hunker down on the fundamentals of their training and get back to basics in preparation for a market shift. Continue reading