Tag Archives: Markets & Economy

Homebuilders bolster workforce in July as real estate hiring slows

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Real estate employment numbers continued to rise in early July, but some segments of the industry grew faster than others. Continue reading →

August opens with lower mortgage rates as Treasury yields dip

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Interest rates on 30-year mortgages fell further as bond markets reacted to the delta variant’s potential impact on the global economy. Continue reading →

Zillow rakes in $1.3B revenue in second quarter, but sees profits slip

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The company’s net income between April and June clocked in at $10 million — better than one year ago but short of the heights of the past two quarters. Continue reading →

Annual apartment rent growth, occupancy hit new highs in July

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The new highs surpassed records set between 2000 and 2001. As of July, the average monthly apartment rent in the U.S. hit $1,549. Continue reading →

Groups seize on Biden’s skepticism in lawsuit against new eviction ban

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Real estate groups leveraged President Joe Biden’s comments earlier this week about the new moratorium’s chances of surviving in court. Continue reading →

California’s scorching-hot housing market expected to stay ‘incredibly competitive’

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California Association of Realtors blames lack of supply for “terrible consequences” on quality of life for potential buyers. Continue reading →

RE/MAX sees revenue and agent count inching upward in Q2

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New earnings report reveals RE/MAX revenue grew 48 percent year over year by the end of June, while its total number of agents hit 140,201. Continue reading →

These 5 metros were most popular with buyers in 2020 — here’s why

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Compared to the metros with the highest out-bound migration, the ones with the highest in-bound migration have more affordable homes and a lower population density. Continue reading →

Drop in mortgage rates not enough to spur homebuyers

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Although rates eased for the most popular type of mortgage among homebuyers — the 30-year fixed-rate conforming loan — rates for jumbo mortgages, FHA loans and adjustable-rate mortgages were up slightly. Continue reading →

EXp rakes in $1B in revenue, sees soaring agent count

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The virtual brokerage now boasts 58,263 agents and brokers, a jump of 87 percent year over year, according to a Q2 earnings report released Wednesday. Continue reading →