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December home sales drop 4.6%, as supply hits record low
Source: CNBC --- Closed sales of previously owned homes in December fell 4.6% to a seasonally adjusted, annualized rate of 6.18 million units, according to the National Association of Realtors. Sales were down 7.1% year-over-year. Still, December rounded out a year of...
Forecasting the 2022 Twin Cities Real Estate Market
Source: Mpls St Paul --- If you’ve had your fingers crossed for a less crazy housing market, 2022 might be your year. COVID remains a wild card in the market, but Gary and Susan Wahman aren’t predicting any major surprises going into this year. Their main piece of...
1 in 10 Homebuyers & Sellers Say Climate Risk is Main Reason For Move: Redfin Survey
Source: Redfin News --- One in 10 homebuyers and sellers say climate-related risks—hurricanes, flooding, wildfires, extreme temperatures and/or rising sea levels—are the primary reason for their move, and 39% say they’re a contributing factor. That’s according to a...
Memphis real estate: From inventory to home prices, here are the trends to watch in 2022
Source: Commercial Appeal --- Another year is in the books for the Memphis Area Association of Realtors and with that comes the final market report for the prior year, complete with end-of-year data for 2021. For those interested in the ongoing state of Memphis' real...
Another foray into the frontier: Digital bank announces crypto mortgage product
Source: Scotsman Guide --- Another company is testing the waters of cryptocurrency within the real estate lending realm as Miami-based digital bank Milo announced a new crypto mortgage product. Touting “the world’s first crypto mortgage offering,” Milo said that its...
Mortgage apps up 2.3% with new record average loan size
Source: Housing Wire --- Mortgage applications increased 2.3% from the previous week, largely due to a strong purchase market, according to the Mortgage Bankers Association (MBA) survey for the week ending Jan. 14. The seasonally adjusted Purchase Index rose 7.9% from...
