Tag Archives: Markets & Economy

Builder confidence rises amid low interest rates: NAHB index

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Builder confidence climbed for the second straight month, according to data from the National Association of Home Builders and Wells Fargo. Continue reading →

Mortgage originations sink to 4-year low: New York Fed

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Mortgage originations sunk to a four-year low in 2018, according to the Federal Reserve Bank of New York’s quarterly household debt report released Tuesday. Continue reading →

Redfin iBuyer offers usually rejected: Redfin chief executive

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Glenn Kelman said most who receive offers from his company’s iBuyer program reject those offers, but he argued that the program still helps sell houses. Continue reading →

NAR tells Congress tax reform is hurting homeowners

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The director of the National Association of Realtors, the nation’s largest real estate trade group, testified before Congress about the ways in which the Tax Cuts & Jobs Act have made it harder to own a home Continue reading →

Redfin beats expectations with over $124M in revenue for Q4 2018

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Those earnings represent an increase of 30 percent compared to the fourth quarter of 2017, the company also revealed. Redfin also saw a net loss in the final three months of 2018 of $12.2 million, compared $1.8 million during the same period in 2017. Continue reading →

“It’s devastating”: Agents react to Amazon abandoning New York

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When the news broke Thursday morning that Amazon had flip flopped on its decision to put an HQ2 campus in Long Island City, Vincent Koo was in a meeting with other agents in the Queens, New York, neighborhood. Continue reading →

Trump’s tariffs could drive the cost of homes and remodeling way up

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The president’s tariffs could send the price of new homes and remodels soaring by thousands of dollars, but not all economists are convinced by the data. Continue reading →

Blend wants to speed up getting home equity loans, credit lines

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Digital mortgage startup Blend announced that it will soon expand to offer customers home equity loans and lines of credit. Continue reading →