Tag Archives: Markets & Economy

Does a good earnings season foreshadow trouble ahead?

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Many real estate companies did very well during the first quarter of 2022, but their leaders also repeatedly mentioned the specter of “headwinds” on the horizon. Continue reading →

Homebuyer demand for mortgages ‘consistent and resilient’ in April

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Lenders saw much of what was left of their refinancing business evaporate as rates climbed to their highest levels in nearly 13 years. Continue reading →

Real estate hiring keeps pace with strong US jobs growth

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Real estate employers — a category that includes brokerages — added 6,100 jobs in April, a rate that matched national monthly jobs growth. Continue reading →

Opendoor reaches first profitable quarter in Q1 with $28M net income

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After eight years, the California-based iBuyer reached profitability while logging a a new revenue high of $5.2 billion, according to an earnings report Thursday. Continue reading →

Zillow turns a profit in Q1 as housing market gets ‘choppy’

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The company reported soaring revenues in the first quarter of 2022 but also continued its Zillow Offers wind-down, which the company said has entered its final days. Continue reading →

NAR chief economist: We may be in for a ‘most unique’ recession

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Lawrence Yun predicted this year’s housing market will see declining sales, rising home prices and an American Dream increasingly out of reach Continue reading →

This might be the most wonderful time of the year (for homesellers)

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Sellers get the best premium on their homes when they sell in mid-to-late May. The late weeks of spring are more profitable than early ones, according to a new report from Attom Data Solutions. Continue reading →

Mortgage rates may level off as Fed unveils details of tightening plan

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Mortgage rates may level off despite the biggest short-term interest rate hike in 20 years thanks to the certainty the Fed is providing about its plans to shrink its nearly $9 trillion balance sheet. Continue reading →