RESPRO Recap and Real Estate Ranking

RESPRO Recap New Orleans was a perfect setting for the 26th annual RESPRO conference where top professionals from real estate, mortgage, title, settlement, insurance, home warranty, technology, and even compliance gathered to talk about opportunities (and concerns) in the rapidly changing industry landscape. As always, there were numerous breakout sessions covering the latest developments in …Read more

Best State Capitals to Live In — 2019

State capitals are no-doubt the bastions of political power in each state – at least when the legislatures are in session.  Many of the state capitals are also home to universities and colleges and major businesses and industries.  Others (17 by count) are the largest cites in each state.  But just like all cities, each …Read more

New Home Sales February 2019 — Up 4.9 Percent Sequentially from January but Essentially Flat Vs a Year Ago

New single family residential (SFR) home sales of 667,000 on seasonally adjusted annualized rate (SAAR) in February far exceeded analyst expectations and were up 4.9 percent sequentially from January, but essentially unchanged from a year ago (up 0.6 percent). There were an estimated 318,000 new homes available for sale at the end of February 2019 …Read more

2019-2020 Forecast Housing Sales & Median Prices

Change is inevitable and constantly occurring.  While the speed of change varies, change goes on – another Axiom (truth) regarding the U.S. economy and demand for real estate. Each month, Fannie Mae, Freddie Mac and the Mortgage Bankers Association update and revise their forecasts for new and existing housing sales and median prices, with Fannie …Read more

Residential Lending Volume Forecast 2019-2020: Refi & Purchase Lending Volumes & Interest Rates as of March 2019

One year ago the expectation was for rising interest rates and plunging refinance lending volumes.   Yet as of March 28, 2019, the 30-year conventional mortgage interest rate fell 22 basis points from the prior week to 4.06 percent according to Freddie Mac’s Weekly Primary Mortgage Market Survey.  The drop was the largest one-week decline seen …Read more

Tech Time – Start-ups, Stalwarts and Shutdowns

Innovative entrepreneurs and their venture capital backers continue to see real estate and technology as the winning combination. Whether bootstrapped, venture-backed or publicly owned, the big players in real estate tech keep making news:   OJO Labs raised another $20 million to further the development of their AI-driven personal assistant for real estate pros and …Read more

State Job Growth Rates and Metrics — February 2019

This continues the theme that Axioms are truths, and my primary Axiom is that Jobs Are everything to the economy.  Period. Variability in job growth exists across all states at any point in time and also within the same state over a time period.    As usual, I invoke the TINSTAANREM axiom — There Is …Read more