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A more “normalized” housing market is on the horizon: NAR

A more “normalized” housing market is on the horizon: NAR

by Third Party | May 2, 2022 | Industry Updates, Mortgage Information, News/Current Events

Source: Housing Wire —  For the fifth consecutive month, pending home sales declined in March from February, down 1.2%, signaling a potential return to “much calmer” conditions, according to the National Association of Realtors. Only the northeast region saw an...
Refinance volume has “dried up,” Old Republic says

Refinance volume has “dried up,” Old Republic says

by Third Party | May 2, 2022 | Industry Updates, Real Estate News

Source: Housing Wire —  While other “big four” title insurers discussed the “transitional period” in the housing market during their first quarter 2022 earnings calls with investors, Old Republic International Corp.’s president and CEO, Craig Smiddy decided to...
US home prices rose by nearly 20% year-over-year in February

US home prices rose by nearly 20% year-over-year in February

by Third Party | May 1, 2022 | Mortgage Information, Real Estate News

Source: CNN —  Prices rose 19.8% year-over-year in February, an even higher rate than the 19.2% growth seen in January, according to the S&P CoreLogic Case-Shiller US National Home Price Index.   Phoenix, Tampa and Miami reported the highest year-over-year...
Utah competition seeks big solutions to affordable housing

Utah competition seeks big solutions to affordable housing

by Third Party | May 1, 2022 | Industry Updates, Real Estate News

Source: Salt Lake Tribune —  The affordable housing crisis isn’t unique to Utah, but Utah may be the place to bring solutions together. A national rent report from Zumper indicates the cost of rent is rising nearly twice as quickly as it was last April. The U.S....
Housing industry getting hit by ‘perfect storm,’ billionaire real estate developer warns

Housing industry getting hit by ‘perfect storm,’ billionaire real estate developer warns

by Third Party | May 1, 2022 | Industry Updates, Mortgage Information, Real Estate News

Source: Fox Business —  Billionaire real estate developer Jay Bloom warned consumers Thursday the housing industry is getting hit by the “perfect storm.”   “We’re in the middle of a real estate boom like we haven’t seen in the...
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