Posts by John Yellig

NAR: Pending-home sales slide 2.3% in September

“Contract transactions slowed a bit in September and are showing signs of a calmer home price trend, as the market is running comfortably ahead of pre-pandemic activity.” — NAR chief economist Lawrence...

S&P CoreLogic Case-Shiller: Home prices rise again

Home-price gains were once again broadly distributed, as all 20 cities in the S&P CoreLogic Case-Shiller Home Price Index rose, although in most cases at a slower rate than a month...

Mortgage applications rise despite increase in interest rates

At the same time, the increase in interest rates drove fewer borrowers to refinance their loans, according to the Mortgage Bankers...

New-home sales rebound in September as prices hit new record

“There simply aren’t enough homes for sale relative to the demand fueled by millennials armed with low mortgage rate-driven house-buying power." — First American Deputy Chief Economist Odeta...

NAR: Existing-home sales rebound in September

The median existing-home price for all housing types in September was $352,800, up 13.3% on an annual basis, as every region in the country registered price...

New-home construction cools in September

The decrease was driven by a 5.1% month-over-month slide in the rate of multifamily starts, while single-family construction was...

RE/MAX: Boston housing market takes a pause in September

The number of closed sales fell 12% month over month, while active inventory rose 5.6% to 7,362. Median sales prices dropped 4.8%, but that's still up 7.3% from September...

Atlanta Realtor named president of AREAA

At 37 years old, the new president will be the second-youngest leader of the national nonprofit trade organization, which works to improve the homeownership rate in the Asian-American Pacific Islander...

Coldwell Banker receives 2021 St. Jude New Partner Campaign of the Year Award

Coldwell Banker's new group originally aimed to raise $250,000, which it did within the first six months of the year, and by October, it had more than doubled its initial...

DepositLink unveils platform to eliminate paper-check payments to broker and title companies

The new program, DepositLink Pay, allows a broker, agent or title company to direct buyers and renters to a customized URL or a "Pay" button online to make digital earnest-money deposits and rental payments with no cost to brokers, agents...

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