Tag Archives: Markets & Economy

Lumber prices finally drop and the stockpilers prepare to sell

By Lillian Dickerson | June 15, 2021 - 5:16 pm |June 15, 2021 Uncategorized

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After soaring lumber prices fueled conspiracy theories this spring, and challenged homebuilders faced with an inventory shortage, prices are starting to come down. Continue reading →

Desirable housing is out there. You just need to know where to look

By Libertina Brandt | June 15, 2021 - 4:17 pm |June 15, 2021 Uncategorized

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At Inman Connect on Tuesday, three real estate professionals dished on the creative ways they’re taking advantage of existing inventory amid an historic housing shortage. Continue reading →

Builder confidence dips slightly in June — to lowest level since August

By Lillian Dickerson | June 15, 2021 - 2:54 pm |June 15, 2021 Uncategorized

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The Housing Market Index dropped to 81 in June, down from 83 the previous month, according to the National Association of Home Builders and Wells Fargo. Continue reading →

Rent prices growing faster than pre-pandemic levels: CoreLogic

By Veronika Bondarenko | June 15, 2021 - 12:00 pm |June 15, 2021 Uncategorized

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Rent prices across the country are growing at breakneck speed, now more than double the rate they were growing at the same time in 2020. Continue reading →

Homeowners are losing their enthusiasm for refinancing

By Matt Carter | June 14, 2021 - 7:15 pm |June 14, 2021 Uncategorized

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Mortgage lenders faced a double-whammy in May, with demand for both purchase loans and refinancing falling despite the fact that mortgage rates came back down after surging in February in March. Continue reading →

After buying frenzy, demand for second homes comes down to earth

By Daniel Houston | June 10, 2021 - 7:16 pm |June 10, 2021 Uncategorized

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New lending restrictions and buyer preferences meant slower growth last month in mortgages for vacation homes and investment properties. Continue reading →

Offerpad is a more profitable flavor of iBuying: Mike DelPrete

By Mike DelPrete | June 10, 2021 - 5:15 pm |June 10, 2021 Uncategorized

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Offerpad’s latest financials strongly suggest that a less venture-funded, less tech-enabled, more real-estate focused and less breakneck version of iBuying can be (almost) profitable. Continue reading →

Mortgage rates stable heading into next week’s Fed meeting

By Matt Carter | June 10, 2021 - 5:09 pm |June 10, 2021 Uncategorized

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New inflation numbers and tapering of the Fed’s mortgage bond purchases are likely to be on the agenda when the Fed meets next week. Continue reading →

Average homeowner gained $33,400 in equity last year: CoreLogic

By Veronika Bondarenko | June 10, 2021 - 12:00 pm |June 10, 2021 Uncategorized

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The average annual equity gain from Q1 2020 to Q1 2021 for homeowners with mortgages is the highest in at least a decade, according to CoreLogic. Continue reading →

Amid housing shortage, investors double down on prefab startups

By Daniel Houston | June 9, 2021 - 8:48 pm |June 9, 2021 Uncategorized

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Construction startups have raised $1.5 billion since the start of this year as builders rush to address the shortage, according to Crunchbase. Continue reading →