Existing-home sales rise for second consecutive month in July

Total existing-home sales in July 2021 rose 2 percent on a seasonally adjusted annual basis from June to a rate of 5.99 million, according to the National Association of Realtors. Continue reading

Keller Williams Pres. Marc King on a hot market, iBuying and that IPO

Marc King believes price appreciation will have to slow compared to what has happened over the past year. But he’s confident that real estate agents will survive today’s period of disruption. Continue reading

Ahead of Fed tapering reveal, mortgage lenders kept rates steady

Low mortgage rates that had risen off a strong jobs report remained unmoved earlier this week, according to Freddie Mac’s lender survey. Continue reading

These are the most expensive states to insure a tiny home

It costs about 242 percent more to insure a tiny home in Oklahoma than across the remaining U.S. states and District of Columbia, according to a new analysis. Continue reading

Why homebuyers aren’t taking advantage of drop in mortgage rates

The historically low level of inventory for sale suggests that any rate-related increase in sales will be muted due to the inadequacy of listings needed to fulfill higher buyer demand. This softer sales response also suggests more upward pressure on pr… Continue reading

Mortgage lenders deal more purchase loans amid fewer refis

The latest numbers from Attom Data Solutions show that mortgage lenders issued more purchase loans in the second quarter of the year, but lost ground on the refinancing side. Continue reading

Compass nears profitability, outperforms competition: Mike DelPrete

The hot real estate market has fueled strong growth across the industry. Compass’ growth is noteworthy, and it demonstrates that though the industry moves slowly, some players move faster than others. Continue reading

Single-family housing starts take unexpected hit in July

Despite a decline in starts, which reflected curbed confidence in June amid mellowing lumber prices, experts said gains made in permit applications were a positive sign. Continue reading