Tag Archives: inflation

The US economy’s run stalls, but real estate forges ahead

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The nation’s gross domestic product shrank in the first three months of 2022, overshadowing a strong period for residential investment. Continue reading →

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

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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

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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

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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

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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

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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

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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

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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

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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 →