Tag Archives: Markets & Economy

New home sales fall to 1-year low

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New home sales are still up 9.2 percent year over year but have been falling since March, likely as a result of high home prices due to the rising cost of construction materials like lumber. Continue reading →

Millennials, baby boomers upbeat about current housing market

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A large majority of Americans think now is a good time to buy and sell, though only a minority think the market will stay strong for another year, according to a new survey from Opendoor. Continue reading →

Purchase loan demand up again, bucking increase in mortgage rates

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Demand for purchase loans was up for the third week in a row last week, even as mortgage rates surged to the highest level in a month, according to a weekly survey by the Mortgage Bankers Association. Continue reading →

Spike in refis led last year’s home-lending boom, new data shows

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Lenders in 2020 refinanced more than twice as many loans as they reported the previous year, a dramatic feature of the pandemic lending boom. Continue reading →

Housing market may be ‘stabilizing’: ShowingTime

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ShowingTime’s latest data reveals that home showings saw an unusual dip in May, which could indicate the market is finally “adjusting and stabilizing.” Continue reading →

‘Homebodies’ hampering housing market potential by not selling

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“Homebodies” — homeowners who don’t want to give up their rock-bottom mortgage rates and seniors choosing to age in place — are keeping home sales from reaching their full potential, according to an analysis by First American Financial Corp. Continue reading →

‘You have to manufacture your own inventory’: RE/MAX CEO

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RE/MAX CEO Adam Contos talked to Inman about low inventory, commission splits and what agents need to be focusing on in 2021. Continue reading →

With foreclosures on horizon, RES.NET revamps REO portal

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With a potential surge in home foreclosures on the horizon, RES.NET, a technology platform provider for loan default management, says it’s revamped its real-estate owned portal to support growth and scalability. Continue reading →