“Inventory remains tight and prices continue to rise nationally with nearly 40% of homes still commanding the full list price,” said NAR’s Chief Economist Lawrence Yun. Continue reading
In China, most recent buyers of new apartments took out mortgages before their buildings were finished. Now many are threatening to not pay. Continue reading
High mortgage rates, challenging affordability and a gloomier economic outlook are keeping buyers on the sidelines, Mortgage Bankers Association forecaster Joel Kan said. Continue reading
More buyers have been backing out of deals than at any time since the early weeks of the pandemic. And in July, that share ticked up again, according to a new report from Redfin. Continue reading
The number of new construction projects for single family homes dropped by 10 percent in July, the steepest decline of the year, according to the U.S. Department of Housing and Urban Development. Continue reading
Demand for the lowest-priced homes on the market is now higher than for mid-priced and luxury homes, a reversal of the pandemic market, according to data released Tuesday from Zillow. Continue reading
In a shifting market, the right price is everything. Here’s how to make sure you’re helping your sellers crunch the numbers effectively from the get-go. Continue reading
Compass has grown rapidly by offering agents shares in the company and in some cases cash. But the company has now cut those perks as the market slows. Continue reading
The lender plans to boost revenue by growing purchase loan business and loan servicing portfolio, with digital HELOC also in the works, according to a second-quarter earnings call. Continue reading
The fast-growing brokerage earned $2 billion in revenue during the second quarter of the year, but also saw losses rise to $101 million, according to an earnings report issued Monday. Continue reading