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Real estate industry ‘desperate’ for more inventory: Corcoran CEO
Source: Fox Business --- Pamela Liebman, president and CEO of The Corcoran Group, argued on Wednesday that the real estate industry is "desperate" for more inventory and if more homes become available, it "will really help everybody." She also noted that currently...
The housing market just slid into a full-blown correction, says top economist Mark Zandi
Source: Fortune --- Moody's Analytics chief economist Mark Zandi is ready to call it. He tells Fortune that we've officially moved from a housing boom into a "housing correction." The real estate data rolling in for April and May shows that the U.S. housing market is...
Prequal, Profitability, Due Diligence, Underwriting Tools; FHFA News: Appraisal Management
Source: Mortgage News Daily --- Yesterday I visited Sacramento to speak to an audience of real estate agents and originators in a joint MGIC/Golden 1 Credit Union event. The mood was good, and much of the discussion was about rent (give or take a little, 50 percent...
‘A challenging mortgage market environment’: IMB profits plummet in first quarter
Source: Scotsman Guide --- Independent mortgage banks and mortgage subsidiaries of chartered banks posted a net gain of $223 on each loan they originated in the first quarter, according to the latest Quarterly Mortgage Bankers Performance Report from the Mortgage...
Southern Utah real estate hits new all-time highs, but asking prices stop escalating
Source: The Spectrum --- St. George's fast-rising housing market hit a new record high in April with the median sales price of a single-family home rising to $560,000, up more than 30% compared to April of last year. The rising sales price has risen sharply for...
Gov. Spencer Cox points to two problems in Utah’s housing crisis: Airbnb and Vrbo
Source: Salt Lake Tribune --- Thousands of potentially affordable homes in Utah are being deployed instead as short-term rentals in a trend that is worsening the state’s housing shortage, according to Utah Gov. Spencer Cox. While also calling for more residential...
