Tag Archives: Markets & Economy

First-time homebuyers fell further behind this year, NAR says

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The share of recently bought homes that went to first-time homebuyers fell to less than 1 in 4 between July 2023 and June 2024, according to a new report. Continue reading →

Loose election talk is creating anxiety for agents and clients alike

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With the 2024 presidential race among the tightest in memory, hundreds of agents and brokers told Inman the real estate industry is encountering prickly situations amid a contentious election. Continue reading →

The economy is humming along — leaving real estate in the dust: Intel

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Brokerages have been plagued by falling sales and tapering price growth, rendering broker fees stagnant at a time when most sectors are enjoying robust gains, according to a new Intel analysis. Continue reading →

The power of perseverance: Rebuilding strength amid crisis

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Harness the power of perseverance to move forward and support our communities as they rebuild from recent natural disasters, coach Darryl Davis writes. Continue reading →

Weak jobs, manufacturing reports provide no relief for mortgage rates

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Hurricanes and strikes were expected to dent job creation, and bond market investors are looking ahead to next week’s election, Fed meeting and government bond auctions. Continue reading →

Falling rates help boost Fannie and Freddie loan volumes, net worths

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Mortgage giants Fannie Mae and Freddie Mac provided backing for $164 billion in purchase mortgages in Q3, up 10 percent from Q2, while growing combined net worths to $147 billion. Continue reading →

RE/MAX revenue declined 3.4%, US agents continue to depart in Q3

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A new quarter saw continuing trends for RE/MAX in decreasing revenue and U.S. agent count, but the franchisor also vastly improved its net income year over year. Continue reading →

Inflation cooled in September, nearing the Fed’s 2% target

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Mortgage rates inch up as an expected decline in key inflation gauge does little to change expectations for rate cuts among investors who fund most home loans. Continue reading →

Share of renters paying under $1,000 hits record low, Redfin says

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Only 32.1 percent of renter households currently pay less than $1,000 in monthly rent — a sharp decline from 35.2 percent in 2022 and 50.4 percent in 2012, according to an analysis from Redfin released Wednesday. Continue reading →

Broker Spotlight: Josep Turro, Chi Wei Chin of The Agency Barcelona

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Find out how these world travelers bring their shared global perspective to serving a worldwide network of clients and welcoming them home to Spain. Continue reading →