Tag Archives: Markets & Economy

Douglas Elliman’s revenue and profit soar in first quarter

By | | Uncategorized
Comments Off on Douglas Elliman’s revenue and profit soar in first quarter

The company also saw its sales volume climb to $10.1 billion in the first quarter of 2021, up 71 percent compared to the same period in 2020. Continue reading →

What the end of the eviction ban means for landlords and tenants

By | | Uncategorized
Comments Off on What the end of the eviction ban means for landlords and tenants

Mortgage foreclosure litigation attorney Jason Vanslette shares how the moratorium ruling impacts landlords and property owners — and why waiting to evict may be the smart move. Continue reading →

EXp World Holdings closes Q1 2021 with $583.3M in revenue

By | | Uncategorized
Comments Off on EXp World Holdings closes Q1 2021 with $583.3M in revenue

EXp World Holdings had a stellar Q1 2021, according to an earnings release on Thursday. The company grew on all levels while maintaining profitability. Continue reading →

5 people to watch at Offerpad as the iBuyer continues to expand

By | | Uncategorized
Comments Off on 5 people to watch at Offerpad as the iBuyer continues to expand

Offerpad, an iBuyer making major waves in how homes in many major cities are sold, has been on an unstoppable course of growth for more than half a decade. Continue reading →

Bubble Trouble: The housing crash will be even worse than I predicted

By | | Uncategorized
Comments Off on Bubble Trouble: The housing crash will be even worse than I predicted

This is the homeseller market crash. Inventory is at historic lows, affordability is rapidly eroding, and rates are climbing. In this first of two opposing opinion pieces on the housing crash, Chris Drayer shares why the classic phrase “now is the time… Continue reading →

Redfin reports $268M in revenue in first quarter, 40% jump over same period last year

By | | Uncategorized
Comments Off on Redfin reports $268M in revenue in first quarter, 40% jump over same period last year

CEO Glenn Kelman said Wednesday that the company is “just about hitting on all cylinders” after hiring more agents and lenders in the second half of 2020. Continue reading →

Weaker mortgage demand tied to low inventory, higher prices

By | | Uncategorized
Comments Off on Weaker mortgage demand tied to low inventory, higher prices

Applications for mortgage purchase loans fell for the second week in a row at the end of April, according to the Mortgage Bankers Association’s weekly mortgage application survey. Continue reading →

Bubble trouble: 4 stats that’ll give you hope (and 4 that won’t)

By | | Uncategorized
Comments Off on Bubble trouble: 4 stats that’ll give you hope (and 4 that won’t)

There are signs of trouble, but vaccinations are up, spending on home construction is up, and overall, there’s reason to believe the market will improve. Continue reading →

Homeowners are cashing out equity like it’s 2005

By | | Uncategorized
Comments Off on Homeowners are cashing out equity like it’s 2005

With home values soaring and mortgage rates still near historic lows, homeowners are cashing out home equity at volumes not seen since the height of the housing bubble. Continue reading →