by Liz Ruggiero | Aug 10, 2023 | Agents, Brokers, Consumer, Industry News, Latest News, National, News, Premier |
In what has been a challenging year for most residential real estate companies, with tight inventory and higher-than-hoped-for mortgage rates, it’s become common that quarterly earnings reports don’t highlight financial gains so much as they extol limited losses. So...
by Liz Ruggiero | Aug 10, 2023 | Agents, Brokers, Consumer, Industry News, Latest News, National, News, Premier |
Seeing a third-straight week of mortgage rate hikes, the 30-year fixed-rate mortgage (FRM) averaged 6.96% this week, up from last week’s increase to 6.90%, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s...
by Aidan Whalen | Aug 9, 2023 | Best Practices, Consumer, Industry News, Latest News, Lead Story, National, News, Premier |
Immigrants will soon be the primary driver of new housing demand. That is not news—demographers have long predicted that the country is on track to see foreign-born households outstrip all other types of homebuyers by 2040, less than two decades from now. With more...
by Aidan Whalen | Aug 9, 2023 | Agents, Brokers, Consumer, Industry News, Latest News, National, News, Premier |
Mortgage applications decreased for the third-straight week, down another 3.1% from last week’s 3.0% dip, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA) for the week ending August 4, 2023. This week’s...
by Liz Ruggiero | Aug 8, 2023 | Agents, Brokers, Consumer, Industry News, Latest News, National, News, Premier, Technology |
The cooling effect that the housing market has endured this year hasn’t done many favors for brokerages, but one could argue that it’s essential to keep a glass-half-full perspective when things aren’t going your way. In the case of Compass,...
by Liz Ruggiero | Jul 28, 2023 | Consumer, Industry News, Latest News, Lead Story, National, News, Premier |
In the wake of the Federal Reserve ending its short-lived “pause” on rate hikes, the latest personal consumption expenditure (PCE) index—the Fed’s preferred inflation measurement—has shown continued cooling. The Commerce Department announced Friday that PCE...