Mortgage demand drops to 22-year low as rates rebound: MBA survey
As Fed embarks on 'quantitative tightening' to trim $9 trillion balance sheet, interest rates could come under renewed pressure
by Matt Carter Jun 8
Homebuyer sentiment hits new low for 3rd month in a row
Only 17% of Americans surveyed in May said it was a good time to buy a home, breaking previous record lows of 19% seen in April and 24% in March
by Matt Carter Jun 7
The brokerage slowdown has begun: Mike DelPrete
Opinion
The market is softening and it's reflected in quarterly declines. Fewer transactions mean less brokerage revenue
by Mike DelPrete Jun 7
What are the odds of a housing bubble? 114 experts weigh in
More than 100 housing experts surveyed by Zillow generally agreed that housing prices won't face a big downturn. But a mild recession may be in play later this year or in 2023, they believe
by Daniel Houston Jun 7
The shifting market will slow prices down — but won't stop them cold
The market is reaching a turning point in which price reductions are more common. But that doesn't mean homes can't still appreciate in value
by Jim Dalrymple II Jun 7
Real estate agents received billions in PPP loans during the pandemic
More than $3.9B in pandemic-relief loans went to single-employee real estate entities, according to a new report. Nearly 80% of that amount was forgiven
by Daniel Houston Jun 6
Half of homebuyers cry at least once while shopping for a home: Survey
50% of people who bought a home over the past 2 years say the process brought them to tears, according to a new survey conducted by Zillow
by Ben Verde Jun 6
The labor shortage is real. But its impact on real estate will surprise you
The latest jobless numbers show US unemployment is holding steady at a very low 3.6%. In real estate, this situation may offer a slight counter trend to rising rates and inflation
by Jim Dalrymple II Jun 6
Loan servicing giant Mr. Cooper lays off another 420 workers
Investors warned of 'break even' second quarter as rising mortgage rates put a bigger-than-expected dent in loan originations
by Matt Carter Jun 3
Buyers regaining some control as market shifts, supply grows: Redfin
The report, released Thursday, found more than one in five sellers dropped their asking price during May 2022, the highest rate since October 2019, as mortgage rates sit at over 5%
by Ben Verde Jun 3
Amid market jolt, hiring continues in residential development sector
Employers added 16,700 residential construction jobs in May on a seasonally adjusted basis, nearly doubling the national rate of job growth, according to new Department of Labor figures
by Daniel Houston Jun 3
A full list of real estate companies making layoffs in 2022 and 2023
While real estate industry layoffs largely began with companies that provide mortgages and mortgage-related services, everyone from Adwerx to Zumper has been impacted by the downturn
by Matt Carter Jun 3
Is flat fee the future of real estate? Here’s what to know
Opinion
As home prices have risen, driven by supply shortages and increased demand, many real estate industry experts have started considering whether the existing commission compensation model is still working
by Nicholas Acosta Jun 3
Surplus of Hamptons summer rentals is leading to price cuts
Americans heading abroad for the summer, former Hamptons renters becoming homeowners and a surplus of inventory have all led to the market's landlords slashing their rental prices
Zombie foreclosures post 1st increase since moratorium's end
The number of vacant properties going through the foreclosure process is up once again to just over 7,500 in Q2, according to Attom Data Solutions, even as fewer total properties lie vacant
by Daniel Houston Jun 1
Mortgage rates trend up again: Investors weigh Fed's next moves
Aggregate demand for mortgages, both purchase and refinancing, at lowest level since December 2018, as bottom falls out of refinancing market
by Matt Carter Jun 1