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Most homebuyers ready to make an offer 3 days after showing: Survey
One-fifth of prospective homebuyers polled would also be willing to put in an offer immediately, according to Bank of America's annual Homebuyer Insights Report released Thursday.
Here’s why 73% of Americans hate their neighbors
When looking for a new abode, homebuyers and renters often prize affordability, a convenient location, enough space for living and working, and plenty of entertainment options and amenities. But there's one specific factor that may contribute to your happiness in a new place.
Judge in Realogy-Compass suit steps down due to Compass listing dispute
New York Supreme Court Justice Barry Ostrager recused himself from the long simmering case on Tuesday, three months after his co-op went under contract with a Compass broker.
The US economy’s run stalls, but real estate forges ahead
The nation's gross domestic product shrank in the first three months of 2022, overshadowing a strong period for residential investment.
Realogy Sets Company Record in First Quarter Earnings
The first three months of the year proved to be a boon for Realogy Holdings Corp, which was able to carry some of its momentum from last year in the first quarter of 2021 and tally significant revenue growth in Q1 2022.
According to its latest earnings report, the company earned $1.6 billion in revenue in Q1 2022, tallying a 6% increase from the same period last year and a company record for first-quarter performance to boot.
GDP Falls in Q1, First Drop in 2 Years
Real GDP, the most accurate measure of a country’s broad economic growth, shrunk for the first time in two years this past quarter, with the economy contracting 1.4%, a sharp reversal from last year, when GDP rose 6.9% in Q4 2021.
Hampered at least somewhat by the Omicron wave early this year, the drop this quarter stemmed from a significant decrease in exports, which fell 5.9%, along with a 2.5% drop in non-durable goods. The report, released by the Department of Commerce, also cites a decrease in government spending as COVID-related relief sunsetted at the beginning of 2022.
Builders Pen Letter to Biden Urging Action on Regulations
The National Association of Home Builders (NAHB) yesterday addressed a letter to President Joe Biden urging the federal government to take immediate action in the face of a housing market “inflection point that threatens to derail the current housing and economic expansion.”
Mortgage Rates Break 7-Week Upward Trend
Mortgage rates edged down this week, but only slightly and remaining above the 5% mark, according to the results of this week’s Primary Mortgage Market Survey® (PMMS®) from Freddie Mac, released Thursday.
The survey shows the 30-year fixed-rate mortgage (FRM) averaged 5.10% this week.
Key findings:
NAR Announces Inaugural Fair Housing Champion Award Winners
The National Association of REALTORS® and realtor.com® honored the four inaugural winners of the first Fair Housing Champion Awards during NAR’s Fair Housing Month event, “What Will it Take to Close the Racial Homeownership Gap?” Honorees were recognized for their work to increase access to homeownership in their communities.
Sponsored by realtor.com®, the award provides a $4,000 prize that winners can dedicate to a housing-related nonprofit organization of their choice.
Greensboro property looks like possible TopGolf site - The Business Journals
Greensboro property looks like possible TopGolf site The Business Journals
2 reasons the US real estate market is not in a housing bubble - Business Insider
2 reasons the US real estate market is not in a housing bubble Business Insider
