Tag Archives: Markets & Economy

The big iBuyers are getting brutalized in the stock market

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Shares in Opendoor, Offerpad and Redfin all hit all-time low prices Friday. The milestones come after months of declines for companies across the real estate space. Continue reading →

Homebuyers show signs of pulling back as mortgage rates move again

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Tour requests to Redfin agents fell 7 percent, and mortgage applications declined 13 percent during the week ending Oct. 1. “Mortgage rates well over 6% are spooking homebuyers,” Redfin says. Continue reading →

Real estate jobs hold strong even as sales slip, summer ends

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Real estate hiring bucked seasonal expectations for September, reflecting steady payrolls despite a weakening sales environment, according to new data from the U.S. Bureau of Labor Statistics. Continue reading →

What our Peloton obsession has in common with the US housing boom

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Like the rise and fall of Peloton, which announced 500 layoffs Thursday, America’s geographic reshuffling has ended with high interest rates further squelching demand, Brad Inman writes. Continue reading →

Not just a coastal thing: 7 inland cities most altered by remote work

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Some cities have seen work-from-home policies persist well beyond the pandemic’s first year. See the places most transformed by remote work, according to the Economic Innovation Group. Continue reading →

What’s a ‘tornado housing market?’ Hint: You might be in one right now

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Coldwell Banker Warburg President Frederick Warburg Peters coined the term to describe a phenomenon where one home trades hands briskly while a similar property nearby languishes. Continue reading →

The most advantageous time to buy a home is right now, new data shows

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The housing market’s summer rush may have lessened the impact of a deep drop in demand, according to new data from Attom. But what will happen in the historically slow months of fall? Continue reading →

Mortgage applications hit 25-year low as rates, hurricane kill demand

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After hitting 2022 highs last week, a weak hiring report released Tuesday has been helping to bring mortgage rates back down. Continue reading →

Homebuyers, lenders increasingly wise to flood risk: Zillow

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Mortgage applications were more likely to be denied by lenders or withdrawn by homebuyers in census tracts where a higher share of buildings was at risk of future flooding. Continue reading →

In 3 months, spending on new home construction fell by 9%

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August numbers show spending on new single-family homes dropped to a seasonally adjusted annual rate of $436 billion, a 2.9 percent fall from July, according to U.S. Census Bureau data released Monday. Continue reading →