Here are the mistakes agents must avoid: The Real Word
Opinion
This week, Byron Lazine and Nicole White discuss mistakes agents make when competing, consumer recession fears and the Marketeer
by Byron Lazine Jul 11
As rates rose, demand for mortgages dwindled every month in Q2
Rising rates took their toll not only on refinancing but on homebuyer demand for purchase loans in June, according to an analysis of rate lock data released Monday by Black Knight
by Matt Carter Jul 10
As recession looms, consumers see tide turning in favor of homebuyers
Fannie Mae finds 81% of Americans think the economy is on the wrong track, but the share of consumers who think it's a good time to buy ticked up in June
by Matt Carter Jul 8
Mortgage rates easing on recession fears, but homebuyers not biting
Although fears of a recession are bringing mortgage rates down, would-be homebuyers aren't rushing to apply for loans, according to a weekly survey of lenders
by Matt Carter Jul 6
Home price appreciation slowing at rate not seen since 2006
Although inventory shortages are starting to ease, falling sales are driving the trend as homes are less affordable then they've been since the mid-1980s
by Matt Carter Jul 6
Manhattan market shows signs of cooling despite sky-high sales in Q2
The residential market continued going strong but showed signs of reaching a tipping point, according to data released by New York City brokerages
by Ben Verde Jul 5
PIMCO saw a bright future for now-bankrupt mortgage lender FGMC
Investment management firm acquired nonbank mortgage lender First Guaranty Mortgage as part of broader strategy to serve lower end of market
by Matt Carter Jul 1
Wary sellers back off asking prices in June housing slowdown
The typical asking price for a home on the market took a modest downward turn in late May and early June, a sign of a softening market
by Daniel Houston Jul 1
Making $67K? That's no longer enough to buy the typical US home
Q2 of 2022 saw the affordability of the typical home purchase erode at the fastest pace in at least 2 decades. Median home purchases would have taken up 31.5% of average annualized wage
by Daniel Houston Jun 30
Remote work's impact on real estate will linger — possibly forever
The CEO of IBM, which employs hundreds of thousands of people, recently described remote work as 'the new normal.' And that translates to permanent changes to the housing market
by Jim Dalrymple II Jun 30
Better parts ways with second head of real estate in 4 months
The embattled mortgage company confirmed it had let go of Chad Walker shortly after 3 other executives have recently departed. Nick Taylor will replace Walker as head of the division
by Taylor Anderson Jun 29
Homebuyers are beginning to seek smaller mortgages as rates rise
Average purchase mortgage request has shrunk by 10% since March, to $413,500, as demand picks up for FHA, VA and USDA purchase loans favored by many entry-level buyers
by Matt Carter Jun 29
Fannie Mae's latest forecast is a shocker: The Real Word
Opinion
This week, Byron Lazine and Nicole White discuss Fannie Mae's new prediction for existing-home sales, summer marketing and the Marketeer
by Byron Lazine Jun 24
Demand rebounds as mortgage rates retreat from 2022 peak
Purchase mortgage applications are still down 10% from a year ago, with mortgage rates nearly doubling in the last 12 months, according to a survey by the Mortgage Bankers Association
by Matt Carter Jun 22
The housing outlook is good, but affordability is a growing problem
Harvard's Joint Center for Housing Studies report, published Wednesday, dives into economic factors shaping current homebuying and renting landscapes
by Jim Dalrymple II Jun 22