Real Estate News Feed
Mortgage Applications Recover
Wed, 03 Mar 2021 15:55:26 GMT
Mortgage applications recovered slightly from last week, increasing 0.5% for the week ending Feb. 26, 2021 according to the latest report from the Mortgage Bankers Association.
Private Employment Increased In February
Wed, 03 Mar 2021 15:54:46 GMT
Private sector employment increased by 117,000 jobs from January to February according to a report from ADP.
Nearly 90 Percent of Builders Have Trouble Getting Appliances
Wed, 03 Mar 2021 15:54:06 GMT
The shortage of appliances is also likely to be affecting the residential remodeling market, as kitchen renovation has long been one of the most common types of remodeling projects.
Forbearance Activity Up for the First Time in Weeks
Wed, 03 Mar 2021 15:52:37 GMT
A report from the Mortgage Bankers Association showed that total loans in forbearance increased by 1 basis point relative to the prior week: from 5.22% to 5.23%.
House Prices Up 10.0% in January
Tue, 02 Mar 2021 16:17:58 GMT
CoreLogic reports home prices increased 10% nationally in January 2021, compared with January 2020. On a month-over-month basis, home prices increased by 0.9% compared to December 2020.
Compass Gains Market Share - At A Cost
Tue, 02 Mar 2021 16:17:24 GMT
Compass lost $270 million in 2020, and the residential real estate brokerage generated $3.7 billion in revenue.