Tag Archives: Markets & Economy

Compass stock, market cap tumbles to new low

By Jim Dalrymple II | October 12, 2021 - 12:51 am |October 12, 2021 Uncategorized

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The company’s shares ended Monday trading at $10.74, down significantly compared to when they debuted about six months ago. The drop reduced Compass’ valuation to $4.2 billion. Continue reading →

Despite risk, California fire zones still see rising home prices

By Libertina Brandt | October 11, 2021 - 8:16 pm |October 11, 2021 Uncategorized

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A new study by Redfin found that in the areas impacted by California’s five largest wildfires between 2010 and 2020, home values grew at a rate of 21 percent, slightly slower than the surrounding markets. Continue reading →

How the luxury housing market became invincible in 2021

By Jim Dalrymple II | October 11, 2021 - 9:00 am |October 11, 2021 Uncategorized

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Luxury real estate agents reported having record years, and high-end properties have grown to become a larger and larger share of the overall market this year. Continue reading →

Homeowners slam brakes on refinancing as mortgage rates rise

By Matt Carter | October 11, 2021 - 4:01 am |October 11, 2021 Uncategorized

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Prospect of higher monthly mortgage payments for homebuyers and impact on affordability also a concern, according to an analysis of mortgage pipeline data by Black Knight. Continue reading →

Real-estate hiring outpaces other industries amid stale jobs report

By Daniel Houston | October 8, 2021 - 5:05 pm |October 8, 2021 Uncategorized

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Employers in real estate and residential construction grew workforces by 0.2 percent on a seasonally adjusted basis, according to Department of Labor survey out Friday. Continue reading →

Mortgage rates hold steady following late-September spike

By Daniel Houston | October 7, 2021 - 9:02 pm |October 7, 2021 Uncategorized

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Mortgage rates barely changed a week after rising bond yields and Federal Reserve statements led to rate hikes across the board. Continue reading →

Compass decline in value stands in contrast to its growth: DelPrete

By Mike DelPrete | October 7, 2021 - 9:00 pm |October 7, 2021 Uncategorized

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Compass’ growth over the past three years has been remarkable. It is one of the fastest growing real estate brokerages of all time — yet its stock price continues to decline. Continue reading →

Homebuyer sentiment drops back to record low

By Matt Carter | October 7, 2021 - 12:30 pm |October 7, 2021 Uncategorized

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Even though most Americans think that sellers have the upper hand, two-thirds say they’d buy a home rather than rent if they were going to move. Continue reading →

Manhattan housing market posts biggest 3rd quarter in 3 decades

By Lillian Dickerson | October 6, 2021 - 4:00 pm |October 6, 2021 Uncategorized

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Luxury apartment sales surged approximately 226 percent year over year and almost 33 percent from the previous quarter, according to Douglas Elliman. Continue reading →

Jump in rates cuts into demand for mortgages

By Matt Carter | October 6, 2021 - 11:00 am |October 6, 2021 Uncategorized

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Rising mortgage rates have curbed demand for refinancing and purchase loans after inflation worries pushed rates to highest levels since July. Continue reading →