Tag Archives: Markets & Economy

New York Fed calls US housing market ‘anemic’ and ‘lackluster’

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Existing-home sales activity lagged in June, with single-family home sales falling 1.5 percent to 4.69 million units, according to the report. Continue reading →

Delinquency and foreclosure rates remain steady: CoreLogic

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Similar to April, 3.6 percent of mortgages were in some stage of delinquency in May, according to a new study released Monday. Continue reading →

There’s a solution for high home prices — but most don’t want it

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A new Redfin study reveals that 53% of buyers and sellers oppose high-density housing despite the fact it would significantly improve affordability. Continue reading →

Oregon becomes first state in nation to nix single-family zoning

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Gov. Kate Brown signed a quartet of housing bills Thursday including one that would eliminate single-family zoning in cities with more than 10,000 residents. Continue reading →

Realtor.com, real estate services generate 2% revenue growth for News Corp

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Move and REA Group raked in $18 million, but increased investments in Opcity diminished News Corp’s overall quarterly revenue by 8 percent, according to an earnings call Thursday. Continue reading →

Zillow is still losing money on every home it sells – but not as much as it was 6 months ago

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Zillow lost, on average, $2,916 on each home it sold in the second quarter of 2019 after interest payments, earnings data shows. Continue reading →

Is the luxury market taking a dive?

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Fears about possible recession and burgeoning trade war are keeping luxury buyers at bay, says new Redfin report. Other reports echo similar sentiments about the luxe market. Continue reading →

EXp Realty will launch mortgage, title and warranty services in Q3

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The virtual cloud-based real estate brokerage nearly doubled its revenue but still posted a net loss in the second quarter. Continue reading →

Realogy posts net profit despite 5% revenue decline in Q2

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The company fell in line with revenue expectations and an earnings-per-share target of $0.83, as projected by financial analysis firm Zacks. Continue reading →