Tag Archives: Markets & Economy

Are sellers aiming too high? Price cuts abound throughout the US

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More sellers dropped their asking prices in June almost everywhere in the U.S. In some places, more than half of homes for sale saw a cut. Continue reading →

Real estate agents should be ‘chief economists’ for their clients

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Armed with knowledge of market trends, agents can earn sellers’ trust and have more leeway to set strategy, top brokers said at Inman Connect Now. Continue reading →

Housing costs eyed as major culprit in latest 9.1% inflation hike

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Housing costs were one of the biggest drivers of inflation in June, pushing higher at a pace unseen since 1990, according to a report Wednesday from the Bureau of Labor Statistics. Continue reading →

Demand for refinancing ticks up slightly as mortgage rates plateau

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Purchase loan applications continue to be weaker “due to the combination of much higher mortgage rates and the worsening economic outlook,” said MBA forecaster Joel Kan. Continue reading →

LoanDepot to shed 4,800 workers in 2022 in bid to return to profitability

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Lender hopes to cut up to $400 million in annual expenses and become profitable by the end of 2022 after rising mortgage rates gut profitable refinancing business. Continue reading →

Interest rate hikes keep Miami the least affordable city in the nation

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Buyers would have to spend 86 percent of their income to afford the $600,000 median home price, according to new research released Monday from RealtyHop. Continue reading →

Does a jump in demand fully explain the pandemic housing market?

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A new report from the Fed suggests it was spiking demand, not a lack of homes for sale, that sent prices skyrocketing over the past two years. Continue reading →

How to make the most of your time during a market slowdown

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A market shift is a perfect time to revisit your communication and best practices so that you can provide the best possible client service. Let broker Julie Busby guide you through optimizing the current opportunity. Continue reading →

As rates rose, demand for mortgages dwindled every month in Q2

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Rising rates took their toll not only on refinancing but on homebuyer demand for purchase loans in June, according to an analysis of rate lock data released Monday by Black Knight. Continue reading →