Tag Archives: Markets & Economy

The catch-22 behind Compass’ path to profitability

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Leading industry analysts shared with Inman their evaluations of Compass’ earnings and how the path to profitability could impact agents. Continue reading →

NAR: Housing market is ‘topping out’ due to inventory shortage

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Lawrence Yun, chief economist for NAR, reports that the GDP is back to its pre-pandemic peak, consumers are ready to spend their stimulus checks and single-family housing starts are ramping up. Continue reading →

Fathom Realty sees jump in revenue, agent count and transactions in Q1

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The company, which went public last year, pulled in $49.6 million between January and March — a 72 percent increase year over year. Continue reading →

Inflation concerns not reflected in latest mortgage rate survey

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A weekly mortgage rate survey from Freddie Mac shows rates continuing to slide, but the snapshot of average rates over a seven-day period doesn’t fully reflect new data that’s pushed rates up this week on renewed worries about inflation. Continue reading →

Days on market drops by nearly 50% amid inventory crisis

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New listings are up 19.1 percent year over year, but demand continues to outpace new listings, leading to increasingly fewer days on market. Continue reading →

NAR forum: We’re at a ‘hinge point’ in American politics

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At the Realtors Legislative Meetings, Mara Liasson and Van Jones talked polarization, bipartisanship and the issues that could get Republicans and Democrats to work together. Continue reading →

Blackstone Group, TruAmerica buy 5,800 apartments in San Diego

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In what’s believed to be one of the biggest real estate deals in San Diego County history, the investment firm says it plans to spend $100 million renovating the properties. Continue reading →

How long will the housing shortage last? Years — here’s why

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Thinking optimistically and knowing a little about U.S. homebuilders and American ingenuity, builders might create an average of 2 million homes annually and achieve a supply-demand balance in about six years. Continue reading →

$100K for a home in Brooklyn? Fuggedaboutit!

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The New York Times editorial board asked eight NYC mayoral candidates, “Do you know the median sales price for a home in Brooklyn?” Some candidate answers left New Yorkers baffled. Continue reading →