Listing Prices Increase But a Market Slowdown Is in Sight
Softening and market slowdown are the new emerging keyphrases for where the housing market is headed. More sellers are coming onto the market, slowly addressing the inventory challenge and slowing home price growth, according to the latest Weekly Housing Trends report from realtor.com®. Key findings: – The median listing price increased 10.3% YoY—the 50th consecutive […]
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Seller Profits Strong YoY, But Saw Q2 Blip
In a break from historical trends, U.S. home-sale profits for sellers dipped in the second quarter of 2021—although they remain healthy YoY, according to a new report from ATTOM Data Solutions. Key findings: – A typical single-family home and condo sale in the U.S in Q2 generated a profit of about $94,500, an increase from […]
Mortgage Rates Shift Slightly Up, But Still Under 3%
The 30-year fixed-rate mortgage is averaging 2.80%, according to the latest Private Mortgage Market Survey from Freddie Mac. Here’s where rates stand: – The 30-year fixed-rate mortgage averaged 2.80% with an average 0.7 point for the week ending July 29, 2021, up from last week when it averaged 2.78%. A year ago at this time, […]
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FHFA Extends REO Eviction Moratorium
The Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac are extending the eviction moratorium for single-family, real estate-owned (REO) properties until Sept. 30, 2021. The REO eviction moratorium applies to properties that have been acquired by Fannie or Freddie through foreclosure or deed-in-lieu of foreclosure transactions. The current moratorium was set […]
School Data Helps MLS Members Leverage Their Expertise
What do garages, updated kitchens, and yard space have in common? None of them are as important to homebuyers as the school district a home is located in, according to research. While we’re still a few months away from the start of a new school year, for real estate consumers, the time to list or […]
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NAR: Surging Home Prices Slow June Contract Signings
The red-hot housing market showed signs of cooling last month as price surges persisted, according to the latest report from the National Association of REALTORS® (NAR), which showed contracted signings are down. NAR’s Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, showed a 1.9% decline last month, falling […]
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CFPB Releases Survey of Mortgage Originations
The Consumer Financial Protection Bureau (CFPB) and the Federal Housing Finance Agency (FHFA) published updated loan-level data for public use collected through the National Survey of Mortgage Originations (NSMO). The data provide insights into borrowers’ experiences obtaining residential mortgages. Since 2014, FHFA and CFPB have sent surveys each quarter to borrowers who had recently obtained […]
Brand Report: Realogy Second Quarter 2021 Financial Results
Realogy Holdings Corp. reported financial results for the quarter ended June 30, 2021. “Realogy delivered an outstanding second quarter. We generated record operating EBITDA, gained market share for the fourth consecutive quarter and strengthened our balance sheet to its best position ever,” said Ryan Schneider, Realogy’s chief executive officer and president. “The unmatched power of Realogy’s strategic […]
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Zavvie Releases Seller Preferences Report
Record-low inventory in markets across the U.S. made it easy to sell a home in the first half of 2021—but increasingly harder to find and buy one. That made moving tricky for the 70% of sellers who also needed to buy a home. A new midyear zavvie Seller Preferences Report details the explosive growth of Power Buyers […]
Real Estate Recovery: Economic Factors to Watch
The real estate industry is unlike any other, exemplified through the market’s resilience during this pandemic while the overall economy was hit hard. However, much of real estate hinges on overall recovery, and there are several economic factors you’ll want to keep an eye on: The Delta Variant Concerns over COVID-19 variants, particularly the highly […]