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Housing Market Update: Is Relief From The Red-Hot Market On Its Way?
Source: Redfin --- The housing market’s temperature may be starting to drop by a degree or two. Both pending sales and asking prices began to decline or flatten in the four weeks ending May 30. It’s too soon to tell if these are early seasonal changes or the start of...
Commercial Net Lease Investment Activity Returns to Pre-Pandemic Levels in U.S.
Source: The World Property Journal --- According to new research from CBRE, investment in U.S. net-lease properties was close to pre-pandemic levels in Q1 2021, driven by robust institutional acquisition activity, increased interest in office assets as...
Logan Mohtashami on housing market economics
Source: Housing Wire --- This week, HousingWire’s Editor in Chief Sarah Wheeler interviews Logan Mohtashami, HousingWire’s lead analyst, to discuss how the housing market performed despite impacts from the COVID-19 pandemic. Additionally, Mohtashami dives into his...
With many Americans house rich, here are the best ways to tap your home for cash
Source: CNBC --- Many Americans are suddenly house rich. On paper, anyway. Soaring home prices have resulted in a record amount of home equity on hand. By the end of last year, roughly 46 million homeowners held a total $7.3 trillion in equity to tap, the largest...
May jobs report a mixed bag for housing industry
Source: Housing Wire --- Total nonfarm payroll employment rose by 559,000 in May, below economists’ predicted rate of 675,000 new jobs. According to the U.S Bureau of Labor Statistics, unemployment now stands at 5.8% – around 30 basis points lower than April and now...
Profit margin decline suggests mortgage bonanza is waning
Source: Housing Wire --- Independent mortgage banks (IMB) and mortgage subsidiaries of chartered banks saw an average net profit of $3,361 on each loan they originated in the first quarter of 2021, down from a reported gain of $3,738 per loan in the fourth quarter of...
