Tag Archives: Markets & Economy

Homebuyer demand for mortgages ‘consistent and resilient’ in April

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Lenders saw much of what was left of their refinancing business evaporate as rates climbed to their highest levels in nearly 13 years. Continue reading →

Real estate hiring keeps pace with strong US jobs growth

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Real estate employers — a category that includes brokerages — added 6,100 jobs in April, a rate that matched national monthly jobs growth. Continue reading →

Opendoor reaches first profitable quarter in Q1 with $28M net income

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After eight years, the California-based iBuyer reached profitability while logging a a new revenue high of $5.2 billion, according to an earnings report Thursday. Continue reading →

Zillow turns a profit in Q1 as housing market gets ‘choppy’

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The company reported soaring revenues in the first quarter of 2022 but also continued its Zillow Offers wind-down, which the company said has entered its final days. Continue reading →

NAR chief economist: We may be in for a ‘most unique’ recession

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Lawrence Yun predicted this year’s housing market will see declining sales, rising home prices and an American Dream increasingly out of reach Continue reading →

This might be the most wonderful time of the year (for homesellers)

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Sellers get the best premium on their homes when they sell in mid-to-late May. The late weeks of spring are more profitable than early ones, according to a new report from Attom Data Solutions. Continue reading →

Mortgage rates may level off as Fed unveils details of tightening plan

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Mortgage rates may level off despite the biggest short-term interest rate hike in 20 years thanks to the certainty the Fed is providing about its plans to shrink its nearly $9 trillion balance sheet. Continue reading →

Offerpad stays profitable for second quarter in a row

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The iBuyer earned about $41 million in profit during the first three months of 2022, beating the results of its also-profitable run at the end of 2021, according to an Q1 earnings call on Wednesday. Continue reading →

Realtors get inside look at Capitol Hill politics, including Roe v. Wade

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At the NAR midyear conference, journalists Anna Palmer and Jake Sherman answered Realtor questions on abortion, Trump, Biden, the Capitol attack and the upcoming midterm elections. Continue reading →