Industry News
Mortgage Applications Drop Slightly in Latest MBA Survey
Mortgage applications decreased 1.3 percent from one week earlier; however, both conventional and government purchase applications increased. The MBA expects higher interest rates to slow origination growth, but not to crash the market.
Study Finds Single Buyers Increasingly Priced Out of Starter Homes
A new study from PropertyShark finds home prices continue to outpace wage growth in many urban centers, preventing single-income buyers from entering the market.
Redfin: Second-Home Boom Is Coming to an End
Demand for vacation homes dropped sharply for the second month in a row in March, with mortgage-rate locks for second homes at their lowest level since May 2020, according to a new report from Redfin.
Amazon’s Mission: Getting a Key to Your Apartment Building
Amazon is tired of ringing doorbells. The online shopping giant is pushing landlords around the country – sometimes with financial incentives – to give its drivers the ability to unlock apartment-building doors themselves with a mobile device.
Testing the Market Could Be Costly
Home sellers have made a killing over the past year, as buyers outbid one another on practically every property that comes to market. In fact, sellers have made so much money – in some cases, hundreds of thousands over their original asking prices – that some...
Market & Main Switches Back to Office-Retail
The development team behind Bedford’s Market & Main development have returned for a third try at the large mixed-use project, 10 months after having their revised phase two plans shot down by local officials.
Change of Work Status Leads to Buyers’ Change of Heart
Now that the country is reopening and some companies are calling their employees back to the office, more than a few pandemic-inspired buyers are having a change of heart.
US Home Construction Jumps Nationally, Declines in Northeast
The rise in June put home construction at a seasonally adjusted annual rate of 1.64 million units, the Commerce Department reported Tuesday.
Feds Promise Bigger Investigation into NAR Rules
Federal antitrust investigators say they’re abandoning a proposed settlement and the associated civil complaint against the National Association of Realtors. But it’s not letting the group off the hook.
Realtor.com Predicts Strong Sales, Price Growth for 2020
The region’s homebuyers will continue to face price escalation, Realtor.com predicts.
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