Posts by John Yellig

Mortgage applications, interest rates rise first week of January

“MBA expects solid growth in purchase activity this year, as demographic drivers and the strong economy support housing demand,. However, the strength in growth will be dependent on housing inventory growing more rapidly to meet demand." — Mortgage Bankers Association...

RE/MAX CEO stepping down in March

Board member Stephen Joyce will serve as interim CEO as the company conducts a search for a permanent...

SP200 ranks the most-powerful people in residential real estate in 2022

The Swanepoel Power 200, or SP 200, annual ranking of the most-powerful and influential leaders in residential real estate has been...

Mortgage applications fall during last two weeks of 2021

At the same time, the average 30-year fixed-rate mortgage rose to 3.33%, its highest level since April 2021, the Mortgage Bankers Association...

S&P CoreLogic Case-Shiller: National home prices continue their climb 

Phoenix, followed by Tampa, Fla., and Miami, claimed the largest price gains among the 20 metro areas in the index. according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA...

Pending-home sales return to negative territory in November

“There was less pending home sales action this time around, which I would ascribe to low housing supply, but also to buyers being hesitant about home prices," National Association of REALTORS® chief economist Lawrence...

New-home sales soar 12.4% in November

The median sales price of new homes hit a new high of...

NAR: Existing-home sales post third monthly gain in a row

The median existing-home sales price for all housing types rose again on an annual basis, marking 117 consecutive months of...

Houston housing market maintains momentum in November

“The market is roaring along, with only half the seasonal slowdown we typically see from October to November.” — RE/MAX LLC President Nick...

LoanSnap closes home loan in less than 24 hours

LoanSnap said it used  its innovative AI technology, affectionately called Nell, to close the loan in the record-breaking amount of...

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