Tag Archives: Markets & Economy

Existing-home sales continue downward trend in March: NAR

By Veronika Bondarenko | April 22, 2021 - 2:40 pm |April 22, 2021 Uncategorized

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Following a slow February, existing home sales fell 3.7 percent in March, according to data released Thursday by the National Association of Realtors. Continue reading →

The Inman Handbook on today’s intense inventory crisis

By Jim Dalrymple II | April 22, 2021 - 9:00 am |April 22, 2021 Uncategorized

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There aren’t enough homes for everyone who wants them. That’s driving up prices and stretching agents thin. Continue reading →

This about sums up the bonkers inventory shortage

By Jim Dalrymple II | April 21, 2021 - 11:32 pm |April 21, 2021 Uncategorized

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“I’m from California, it’s the cheapest apple I’ve ever seen,” one bidder says in a TikTok that skewers real estate bidding wars. Continue reading →

Luxury home sales soar 42% year over year

By Veronika Bondarenko | April 21, 2021 - 3:33 pm |April 21, 2021 Uncategorized

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Homes with a median sales price of $925,000 outperformed all other property classes, according to data analyzed by Redfin. Continue reading →

Interest rate drop drives sudden surge in housing activity

By Kelsey Ramírez | April 21, 2021 - 2:03 pm |April 21, 2021 Uncategorized

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Mortgage applications increased 8.6 percent on a seasonally adjusted basis for the week ending April 16, 2021, according to the Mortgage Bankers Association. Continue reading →

Hispanic homeownership rate rises for sixth straight year

By Marian McPherson | April 20, 2021 - 8:53 pm |April 20, 2021 Uncategorized

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The National Association of Hispanic Real Estate Professionals’ latest report reveals the driving forces behind Hispanic homeownership rates. Continue reading →

Forbearance rate drops for seventh week in a row

By Matt Carter | April 19, 2021 - 11:24 pm |April 19, 2021 Uncategorized

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At 4.5 percent, the mortgage forbearance rate is 18 times higher than before the pandemic, but much improved from a high of 8.55 percent in June. Continue reading →

Fifth Wall debuts third SPAC, hopes to raise $250M

By Jim Dalrymple II | April 19, 2021 - 9:58 pm |April 19, 2021 Uncategorized

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Fifth Wall Ventures, an investment company that focuses on real estate technology, has launched a new special purpose acquisition company. Continue reading →

Housing market is headed for a slowdown say Fannie, Freddie

By Kelsey Ramírez | April 19, 2021 - 7:50 pm |April 19, 2021 Uncategorized

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The booming housing market could be slowing down – Fannie Mae and Freddie Mac are predicting a decrease in mortgage originations in 2021. Continue reading →

Residential construction on the rise amid major inventory shortage

By Veronika Bondarenko | April 16, 2021 - 7:00 pm |April 16, 2021 Uncategorized

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Residential housing starts rose 19.4 percent in March, according to a new report by the Census Bureau and the Department of Housing and Urban Development. Continue reading →