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First Quarter 2022 Commercial Real Estate Metro Market Reports: Florida Has Top 5 Hottest Markets - National Association of Realtors
Inflation Sees its First Decline Since Last Year
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
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
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
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
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
Social media pours salt in Zillow’s wounds as homes are swept to sea
What happens if the DOJ kills cooperation and compensation on the MLS?
Want a piece of Facebook history? Even if you don’t, it’s yours for $5.3M
Real Estate Company Pacaso Expands Luxury Home Co-ownership to Cape Cod - Northshore Magazine
Most expensive home in Tennessee history asks $50M
Brookfield Decides to Spin Off Its Asset-Management Unit - Wealth Management
Rocket says it’s preparing for further declines in mortgage profits
