Tag Archives: Markets & Economy

The time a typical homeowner stays in one place just got a little shorter

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Migratory waves over the past three years due to the pandemic have caused homeownership tenure to decline modestly, but an uptick is expected thanks to a rise in mortgage rates, Redfin data shows. Continue reading →

Blame it on the ‘volatile housing market’: Your Q4 2022 earnings roundup

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As companies report their Q4 and full-year earnings, industry-watchers read the tea leaves for indications of what’s working now — and what’s likely to happen next. Continue reading →

Compass revenue falls in Q4 — but losses narrow despite ‘difficult year’

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In a Q4 earnings report Tuesday, Compass announced that between October and December of last year, it brought in $1.11 billion in revenue, down from $1.6 billion during the same period in 2021. Continue reading →

Zillow gets vote of confidence from JP Morgan analysts

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Analysts gave Zillow an “overweight” rating, which means they expect Zillow to outperform peer companies. The report also sets Zillow’s share price target at $48 by December of this year. Continue reading →

Home prices cooled sharply to end 2022 — but affordability still elusive

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Home price growth fell 5.8 percent annually in December, down from a 7.6 percent gain a month earlier, the latest S&P CoreLogic Case-Shiller Index shows. The FHFA also recorded a chill in appreciation. Continue reading →

Pending home sales rose in January — but those gains are unlikely to last

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The Pending Home Sales Index jumped 8.1 percent to a reading of 82.5 in January, before mortgage rates began another climb, according to data released Monday by the National Association of Realtors. Continue reading →

New-home transactions roar to life with strongest sales pace in a year

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A dip in mortgage rates and a backlog of empty homes helped power sales of newly constructed houses for the second-straight month in January, according to data released Friday by the U.S. Census Bureau. Continue reading →