Tag Archives: Markets & Economy

Multifamily developer sentiment slips during Q1

By | | Uncategorized
Comments Off on Multifamily developer sentiment slips during Q1

According to NAHB, multifamily developers are feeling less confident in the market for new builds as high interest rates lead to difficult lending conditions. Continue reading →

Engel & Völkers Americas launches Real Estate Sentiment Index

By | | Uncategorized
Comments Off on Engel & Völkers Americas launches Real Estate Sentiment Index

The monthly index, for which the luxury firm began gathering data in March 2023, is based on roughly 250 responses collected each month from the firm’s real estate professionals across the U.S., Canada, Caribbean and Mexico. Continue reading →

UWM hiring ‘hundreds’ as mortgage originations surge 24%

By | | Uncategorized
Comments Off on UWM hiring ‘hundreds’ as mortgage originations surge 24%

Q1 net earnings of $180.5 million were boosted by the sale of $70 billion in mortgage servicing rights (MSRs) and a $141 million markup in the value of the $230 billion in MSRs UWM retained. Continue reading →

Report reveals struggle LGBTQ+ buyers face after retirement

By | | Uncategorized
Comments Off on Report reveals struggle LGBTQ+ buyers face after retirement

An LGBTQ+ Real Estate Alliance survey has revealed the challenges of retirement for LGBTQ homeowners, who worry about safety and acceptance more than their straight counterparts. Continue reading →

More US mortgages are ‘seriously underwater’ as equity dwindles

By | | Uncategorized
Comments Off on More US mortgages are ‘seriously underwater’ as equity dwindles

The share of seriously underwater mortgages moved up slightly from 2.6 percent to 2.7 percent in the first quarter, according to a report from Attom released Thursday. Continue reading →

Redfin CEO trying not to ‘count chickens’ after solid Q1 earnings

By | | Uncategorized
Comments Off on Redfin CEO trying not to ‘count chickens’ after solid Q1 earnings

A solid Q1 earnings report has Redfin CEO Glenn Kelman feeling confident. However, persistent market headwinds are keeping the CEO from being too bullish. Continue reading →

Here’s who sank and who soared in Q1 2024 earnings

By | | Uncategorized
Comments Off on Here’s who sank and who soared in Q1 2024 earnings

Q1 2024’s real estate earnings are in. CoStar and Rocket Mortgage excelled, while RE/MAX and Opendoor face challenges. We’ve compiled the key highlights in one place. Here’s what you might have missed. Continue reading →

Low-income buyers’ mortgage applications drop to 2018 levels

By | | Uncategorized
Comments Off on Low-income buyers’ mortgage applications drop to 2018 levels

Households with a median income of $64,000 or less lost their buying gains in 2023, according to Redfin. The share of new mortgages issued to this group dropped 11 percent from 2020 to 2023. Continue reading →

Compass posts revenue spike and increases agent count in strong Q1

By | | Uncategorized
Comments Off on Compass posts revenue spike and increases agent count in strong Q1

The real estate brokerage also managed to trim losses and achieved positive free cash flow for the first time ever in a first quarter, according to an earnings call Wednesday. Continue reading →