Category Archives: Residential

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

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

Existing Home Sales in February 2019 Up Sequentially from January by 11.8 Percent, But Were Down 1.8 Percent from a Year Ago on A Seasonally Adjusted Annualized Basis

Existing home sales jumped 11.8 percent from January 2019 to February 2019 on a seasonally adjusted annualized rate, the largest one-month gain seen since December 2015.  Sales rose to 5.51 million on a seasonally adjusted annualized basis (SAAR) according to National Association of Realtors® (NAR).  February sales, however,  were off 1.8 percent on a year-over-year …Read more

Eye on iBuyers

Last year we saw a lot of headlines about the iBuyer segment of the real estate market, and so far 2019 has been no different. On tap for 2019 is even bigger news from some of the biggest players. Let’s take a look at who’s doing what in the area of all-cash, fast closings, from …Read more

Big Ideas from the Big Apple – Inman Connect New York 2019

Part 2 – Hacker and Capital Connect – Where Tech and Funding Meet For dealmakers, the two most important days at Inman Connect New York 2019 were Monday and Friday. Monday brought the real estate tech crowd together for a full day of sessions and networking. Fast forward to Friday when the analysts and venture …Read more