Mortgage rates inch back up after Powell warns Fed could hike again
Speaking at an IMF research conference, Powell said the Fed is committed to raising rates as high as needed to bring inflation down, and 'we are not confident that we have achieved such a stance'
by Matt Carter Nov 13
It's that time again: Get tax savvy for 2023 and 2024
Sisters Amy Chorew and Maeda Palius offer tips and the latest insights so you can optimize the deductions on your 2023 taxes and plan ahead for next year's return
by Maeda Palius AND Amy Chorew Nov 13
Fathom Realty continues to grow agent count with rebound in sight
While transactions fell 15% from 2022, Fathom executives said during a Q3 earnings call Wednesday that its flat fee commission split model helped its agent network grow by 13%
by Matt Carter Nov 9
Weathering the storm: A Q3 2023 earnings roundup
From brokerage companies to portals to lenders and investors, Airbnb to Zillow, we've got the news you can use about the dollars and cents that are driving the real estate economy right now
by Christy Murdock Nov 9
Tough times for mortgage lenders? UWM hired 1,000 employees in Q3
While others are downsizing, the nation's biggest mortgage lender is investing in new technology and hiring new team members to be prepared if mortgage rates come down and business booms
by Matt Carter Nov 8
Exclusive Survey: 95% would pay a buyer agent under right conditions
A majority of potential buyers say they're open to paying their agents in the wake of legal threats to commissions, according to results from a joint survey conducted by Inman with Dig Insights
by Chris LeBarton Nov 8
Homebuyers respond to biggest drop in mortgage rates this year
Purchase mortgage applications trended up last week for the first time in a month as mortgage rates retreated from 2023 highs, according to the MBA's weekly survey of lenders
by Matt Carter Nov 8
Compass recommits to North Dallas with new office space
The brokerage has signed a lease for a 14,000-square-foot office space in the recently redeveloped HALL Park in Frisco, Texas, in a commitment to future growth in the region
Chicago voters to decide whether to hike real estate transfer tax
Proponents said the measure would raise $100M per year. Chicago Realtors said the tax was volatile and not a reliable funding stream
by Taylor Anderson Nov 8
Douglas Elliman posts mounting losses, declining revenue in Q3
The New York-based brokerage reported consolidated revenues of $251.5M in Q3, a drop from the third quarter of 2022 when it tallied $272.6M in revenue, according to an earnings call Wednesday
by Ben Verde Nov 8
LoanDepot warns more layoffs are coming — but on a smaller scale
With headwinds in sight for 2024, loanDepot plans to slash $120M in annual expenses following 3 consecutive quarters of cuts, CEO Frank Martell said during a Q3 earnings call Tuesday afternoon
by Matt Carter Nov 8
The job description of a loan officer has changed
According to mortgage industry expert Matt Muscat, changes in the mortgage industry and in the financial landscape have made the job of loan officer more important and challenging than ever
by Matt Muscat Nov 8
How the 'Chinese property ban' impacts the American dream
Opinion
Newly appointed AREAA President and broker-owner Jamie Tian offers her personal perspective on the legislation and the groups that are joining together to combat hate in real estate
by Jamie Tian Nov 8
Record 85% of Americans said October was a bad time to buy
Monthly Fannie Mae survey shows homebuyer pessimism hitting a new high last month, but a broader index aimed at capturing overall housing market sentiment actually improved
by Matt Carter Nov 7
Compass trims losses, improves cash flow despite Q3 revenue dip
The brokerage saw revenue fall 10% year over year, but also managed to cut net losses from $154M in the third quarter of last year to $39M this time around, according to a Q3 earnings call Monday
by Jim Dalrymple II Nov 6
Lack of access to credit keeps Black neighborhoods in rental loop
Access to safe credit building is limited in Black neighborhoods, Zillow reported, highlighting lingering effects of redlining that keep those households renting instead of owning a home