Mortgage rates plummet as CPI report shows inflation cooling
Rates have returned to last week's levels, when applications for purchase loans leapt by 9% from the week before and refi applications surged by 28%, MBA lender survey shows
by Matt Carter Jun 12
Calgary offers possible way forward for office conversions
Calgary has instituted one of the most aggressive programs in North America to encourage the conversion of office space to residential buildings
by Ben Verde Jun 11
VA officially unveils rules to allow vets to pay broker commissions
The temporary rules were first announced in May ahead of Memorial Day and came in response to calls from Realtors who feared veterans would become less competitive in the new landscape
by Taylor Anderson Jun 11
Jackson Hole agents brace for impact as key road collapses
A portion of Teton Pass connecting workers who live in Idaho with the tony tourist town of Jackson, Wyoming, collapsed over the weekend
by Taylor Anderson Jun 10
MLSs remain valuable tools after the NAR settlement
Opinion
Realtracs CEO Stuart White writes that MLSs have an enhanced role as a reliable resource to support professionals as they follow the development of new processes and procedures
by Stuart White Jun 10
Nine out of 10 Americans agree: May was a bad time to buy a home
Elevated mortgage rates and home prices are creating challenges for many homebuyers, and 86% said May was a bad time to buy — a new high in Fannie Mae surveys dating to 2010
by Matt Carter Jun 8
Mortgage rates are spiking on Friday's blowout jobs report
Employers added 272,000 jobs in May, far exceeding the consensus view among economists that payrolls would rise by 180,000 and the average of 232,000 over the past year
by Matt Carter Jun 7
High-end condos, co-ops bright spots for Manhattan in May
The Hamptons luxury market also performed well across both single-family homes and condos, according to Douglas Elliman's new signed contracts report
Hometown Lenders' national expansion collided with rising rates
In bankruptcy court, the Huntsville, Alabama-based mortgage lender says it plans to repay creditors by claiming more than $20M in tax credits, clawing back $1M from warehouse lenders
by Matt Carter Jun 5
Mortgage rates retreat as wave of data suggests economy is cooling
In less than a week, a series of reports has changed the outlook for the timing and magnitude of future Fed rate cuts, sending mortgage rates into a 5-day tailspin back below 7%
by Matt Carter Jun 5
Opendoor rolls out mobile truck with instant offers in Nashville
'The Offer Mobile' is driving around neighborhoods in Nashville, Tennessee, to literally bring Opendoor's instant offers to consumers' front doors
Developers sit on empty lots as higher rates delay projects
After a generationally high apartment construction boom, some developers are now finding that the economics no longer make sense on in-progress projects
by Ben Verde Jun 4
Median price per square foot is up 52.7% since 2019: Realtor.com
Home values have boomed over the past 5 years, with New York, Boston and Nashville experiencing double-digit gains in the median price per square foot
by Marian McPherson Jun 4
Which is better: high volume or high profitability? How about both?
While awards and honors are geared toward high volume, it's high profitability that offers the rewards you're really looking for, coach Verl Workman writes
by Verl Workman Jun 4
Where are the buyers? Introducing Intel's Client Pipeline Tracker
Buyer pipelines have been shrinking, agents told Inman in the latest Intel Index poll. A new metric unveiled today by Intel sheds light on the trend and aims to answer when it might turn around
by Daniel Houston Jun 3
This Pride Month, show up for LGBTQ+ friends and colleagues
Opinion
Anita Legacy Blue, president of the 2024 LGBTQ+ Real Estate Alliance, writes that Pride Month presents an opportunity for the community and allies to support each other
by Anita Blue Jun 3