Tag Archives: Markets & Economy

Demand for mortgages continued in last week of May: MBA

By | | Uncategorized
Comments Off on Demand for mortgages continued in last week of May: MBA

“High unemployment and low housing supply may restrain a more meaningful rebound in purchase applications,” Joel Kan of the Mortgage Bankers Association said. Continue reading →

How real estate agents need to pivot for a downturn

By | | Uncategorized
Comments Off on How real estate agents need to pivot for a downturn

Agents who can identify market trends after every period of disruption and adapt to them efficiently are the ones who endure. Here are a few changes that we can expect based on previous experience. Continue reading →

Cash en route to small businesses after House approves new stimulus bill

By | | Uncategorized
Comments Off on Cash en route to small businesses after House approves new stimulus bill

The new stimulus bill includes $310 billion for the Paycheck Protection Program, which is supposed to help small firms through the pandemic. Continue reading →

Zillow seeing rising web traffic, growing consumer interest

By | | Uncategorized
Comments Off on Zillow seeing rising web traffic, growing consumer interest

Traffic to listings on Zillow plummeted in the first weeks of the pandemic. But it has since rebounded, suggesting more consumers might be ready to buy and sell homes. Continue reading →

Fannie Mae forecasts mortgage rates under 3% for 2021

By | | Uncategorized
Comments Off on Fannie Mae forecasts mortgage rates under 3% for 2021

The average rate on a 30-year fixed-rate mortgage could hit 2.9 percent in 2021, according to Fannie Mae’s April housing forecast. Continue reading →

‘I’m feeling very optimistic’: Agents in southern states foresee ‘booming’ market as lockdowns lift

By | | Uncategorized
Comments Off on ‘I’m feeling very optimistic’: Agents in southern states foresee ‘booming’ market as lockdowns lift

Isolation mandates are beginning to lift in a handful of southern states. Agents across the region believe consumers will race back to the market. Continue reading →

Agents in southern states on board with economic reopening

By | | Uncategorized
Comments Off on Agents in southern states on board with economic reopening

The pandemic is not over, but a handful of governors in southern states are gradually reopening their economies. Agents mostly agreed that it’s time. Continue reading →

Senate approves $310B in new funding for small business loan program

By | | Uncategorized
Comments Off on Senate approves $310B in new funding for small business loan program

The money is meant to replenish the Paycheck Protection Program, a potentially important lifeline for real estate professionals. Continue reading →