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REALTY EXPERTS®

Phone:
510-226-2444
Fax:
510-623-6979
Contact Us

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Inflation Sees its First Decline Since Last Year

USA Real Estate News-RISMedia - Wed, 2022-05-11 14:04

After months of climbing to record heights, U.S. inflation has experienced a slight decline in April, according to recent reports from the U.S. Bureau of Labor Statistics (BLS).

Housing Sentiment Dips as Affordability Constraints Worsen

USA Real Estate News-RISMedia - Wed, 2022-05-11 14:03

The runup on home prices and mortgage rates continues to weigh on the minds of aspiring homebuyers as buyer sentiment took another dip in the last month, according to recent data from Fannie Mae.

The organization’s Home Purchase Sentiment Index (HPSI) decreased by 4.7 points to 68.5 in April, its lowest level since May 2020, as surveyed consumers expressed heightened concerns about housing affordability and rising mortgage rates.

Rocket Reports $1 Billion Profit Over Q4, but Revenue Losses Year-Over-Year

USA Real Estate News-RISMedia - Wed, 2022-05-11 14:02

Rocket Companies Inc., the parent of Rocket Mortgage and several other mortgage and finance companies, is reporting a $1 billion profit for Q1, an increase from $865 million from the previous quarter, but saw year-over-year losses from $2.77 billion in Q1 2021—admittedly not an ideal report for the lending giant but one they say they’re prepared to navigate.

AREAA Releases Its 2022 State of Asia America Report

USA Real Estate News-RISMedia - Wed, 2022-05-11 14:01

The Asian Real Estate Association of America, a national nonprofit trade organization focused on improving the homeownership rates of the Asian American Pacific Islander (AAPI) community, has released its 2022 State of Asia America report, a comprehensive review of the housing trends and associated issues facing the AAPI community.

Mortgage Applications Increase for Second Consecutive Week

USA Real Estate News-RISMedia - Wed, 2022-05-11 14:00

Mortgage Applications increased for the second consecutive week, according to the Mortgage Bankers Association’s (MBA) most recent Weekly Mortgage Applications Survey. The 2% increase in mortgage applications builds on the 2.5% climb from the previous week after continuous decreases for the prior eight weeks.

Key findings:

Lumber prices seesaw lower, and some homebuilders aren’t happy

USA Real Estate News-Inman - Wed, 2022-05-11 11:47
The price of lumber took a big dip to start the week, just the latest unexpected shift in the cost of building a new home.

Social media pours salt in Zillow’s wounds as homes are swept to sea

USA Real Estate News-Inman - Wed, 2022-05-11 11:39
Rising sea levels have swallowed multiple homes on the vacation hotspot known as the Outer Banks, including two this week. On Twitter, the calamity was used as a cudgel against Zestimates.

What happens if the DOJ kills cooperation and compensation on the MLS?

USA Real Estate News-Inman - Wed, 2022-05-11 11:32
Given how slowly change takes place in the real estate industry, any change in compensation may be years off, says author and coach Bernice Ross. On the other hand, if the DOJ were to force the end of the shared compensation, the industry will have to scramble to shift to an entirely new environment. 

Want a piece of Facebook history? Even if you don’t, it’s yours for $5.3M

USA Real Estate News-Inman - Wed, 2022-05-11 10:57
The Silicon Valley home where a young Mark Zuckerberg, Dustin Moskovitz and Sean Parker gave birth to the social media network — now known as Meta — has listed for $5.3 million.

Most expensive home in Tennessee history asks $50M

USA Real Estate News-Inman - Wed, 2022-05-11 09:52
The property sits on a 59-acre estate in the Belle Meade neighborhood of Nashville, one of the priciest neighborhoods in the city.

Rocket says it’s preparing for further declines in mortgage profits

USA Real Estate News-Inman - Wed, 2022-05-11 09:26
Buyout offers to approximately 2,000 workers are expected to save nation's biggest mortgage lender roughly $180 million per year, according to a Q1 earnings call on Tuesday.
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