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Housing Market Braces For Rising Layoffs ‘Soon’ As Mortgage Lenders, Home Sellers Cut Thousands Of Jobs
Source: Forbes --- TOPLINE Though the labor market's overall resilience continues to puzzle experts, the plight of rising interest rates, which are spurring a historic plunge in home sales, could soon lead to a rash of harsher job cuts across the housing sector—which,...
This chart shows where US housing market prices are dropping the most
Source: ABC 10 News --- According to the American Enterprise Institute’s Housing Center, home prices are finally declining after 10 years of a seller’s market. The drop is the result of a marked increase in interest rates and constant quality home price appreciation,...
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Despite rising rates, Rocket delivers $1B profit in Q1
Source: Housing Wire --- Detroit-based Rocket Companies, the parent of Rocket Mortgage, generated a whopping $1 billion profit in the first quarter, up from $865 million the previous quarter. Compared to its main competitors, the lender seems to be in a comfortable...
Housing Market Update: Shrinking Pool of Buyers Snatch Up Homes at Record Pace
Source: Redfin --- The typical home for sale found a buyer in 15 days, the fastest pace on record, during the four-week period ending May 8. Meanwhile, pending sales fell 6%, the largest year-over-year decline since June 2020 when the initial pandemic shock to the...
HANDHELD BUSINESS GROWTH: THERE’S AN APP FOR THAT
Source: RisMedia --- Mobile-based technology has helped streamline virtually every aspect of real estate for both the agent and customer. Whether it’s searching for a home or setting up a time to chat with a prospective client, there’s an app-based solution for every...
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