Tag Archives: Markets & Economy

Homebuyer sentiment hits new low for 3rd month in a row

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Although 76 percent said it was a good time to sell, rising mortgage rates are likely to make some would-be sellers reluctant to give up their existing mortgage. Continue reading →

The brokerage slowdown has begun: Mike DelPrete

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The market is softening and it’s reflected in quarterly declines. Fewer transactions mean less brokerage revenue. Continue reading →

What are the odds of a housing bubble? 114 experts weigh in

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More than 100 housing experts surveyed by Zillow generally agreed that housing prices won’t face a big downturn. But a mild recession may be in play later this year or in 2023, they believe. Continue reading →

The shifting market will slow prices down — but won’t stop them cold

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The market is reaching a turning point in which price reductions are more common. But that doesn’t mean homes can’t still appreciate in value. Continue reading →

Real estate agents received billions in PPP loans during the pandemic

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More than $3.9 billion in pandemic-relief loans went to single-employee real estate entities, according to a new report. Nearly 80 percent of that amount was forgiven. Continue reading →

The labor shortage is real. But its impact on real estate will surprise you

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The latest jobless numbers show U.S. unemployment is holding steady at a very low 3.6 percent. In real estate, this situation may offer a slight counter trend to rising rates and inflation. Continue reading →

Loan servicing giant Mr. Cooper lays off another 420 workers

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Investors warned of “break even” second quarter as rising mortgage rates put a bigger-than-expected dent in loan originations. Continue reading →

Amid market jolt, hiring continues in residential development sector

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Employers added 16,700 residential construction jobs in May on a seasonally adjusted basis, nearly doubling the national rate of job growth, according to new Department of Labor figures. Continue reading →