Tag Archives: Markets & Economy

Recent pullback in mortgage rates lifts outlook for home demand

By | | Uncategorized
Comments Off on Recent pullback in mortgage rates lifts outlook for home demand

A monthlong upswing in mortgage rates came to a halt in the past two weeks, with rates for 30-year loans retreating back below 3 percent. Continue reading →

Offerpad sees surging growth in Q3 across revenue, profits, homes sold

By | | Uncategorized
Comments Off on Offerpad sees surging growth in Q3 across revenue, profits, homes sold

The company’s CEO Brian Bair was able to offer shareholders reassurance in the wake of Zillow’s iBuying flop by providing hard data to show that Offerpad’s business model is working. Continue reading →

Fathom reports major double-digit growth in revenue and agents in Q3

By | | Uncategorized
Comments Off on Fathom reports major double-digit growth in revenue and agents in Q3

End-to-end real estate services platform Fathom said investments in future growth drove a $3.4 million Q3 net loss, despite double-digit growth in revenue, real estate transactions and agent count. Continue reading →

Compass sees both revenue and losses rise in 3rd quarter

By | | Uncategorized
Comments Off on Compass sees both revenue and losses rise in 3rd quarter

The brokerage brought in $1.74 billion between July and September, but also lost $100 million — way up from both last year and one quarter earlier. Continue reading →

Keller Williams sees transactions dip, volume rise in Q3 — but no word on IPO

By | | Uncategorized
Comments Off on Keller Williams sees transactions dip, volume rise in Q3 — but no word on IPO

The company’s latest earnings report reveals that the coronavirus pandemic is still impacting the housing market. Continue reading →

US sees 8th record-breaking month of high-speed sales

By | | Uncategorized
Comments Off on US sees 8th record-breaking month of high-speed sales

Amid the continued shattering of annual sales pace records, inventory also took a slight hit during October, a report from realtor.com released on Wednesday showed. Continue reading →

Home prices see double-digit price surge across almost 80% of metros in Q3: NAR

By | | Uncategorized
Comments Off on Home prices see double-digit price surge across almost 80% of metros in Q3: NAR

The median sales price of single-family existing homes increased in 99 percent of the 183 markets measured by the National Association of Realtors, while 78 percent of markets saw double-digit price gains. Continue reading →

Rising mortgage rates won’t be ‘major deterrent to homebuyers’

By | | Uncategorized
Comments Off on Rising mortgage rates won’t be ‘major deterrent to homebuyers’

Although rates will rise, they will remain very competitive when compared to historic averages, and it would take a significantly greater increase in rates to negatively impact prices. Windermere Chief Economist Matthew Gardner explains why. Continue reading →

What to expect as Compass, Opendoor, Offerpad and Keller Williams release earnings today

By | | Uncategorized
Comments Off on What to expect as Compass, Opendoor, Offerpad and Keller Williams release earnings today

How will Opendoor and Offerpad respond to Zillow bowing out of iBuying? How is Compass faring as a fledgling public company? And is Keller Williams nearing an IPO? Continue reading →