For the second consecutive month, condos sold for, on average, above their asking price — signaling renewed homebuyer competition for condos after a pandemic-fueled slump, according to a recent study by Redfin. The typical condo sold for 0.7% above its asking price in June, following a premium of 0.4% in
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Auction.com buyer and real estate investor Sue McCormick is ahead of the curve when it comes to President Joe Biden’s plan to revitalize underserved neighborhoods while also providing affordable housing for low- and moderate-income homebuyers. “My passion is really going back into the neighborhoods I grew up in and helping
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Each year the HW Vanguard awards recognize a standout group of housing executives whose leadership is moving markets forward every day, even in turbulent times. 2020 Vanguard recipient and Executive Vice President and Head of Single-Family at Freddie Mac, Donna Corley was no stranger to leading her team through the ebbs
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America’s largest retirement community spans three Florida counties and more than 70 miles. It has over 120,000 residents — all of whom are at least 55 years of age. And if the sheer size of the gated, master-planned complex known as The Villages doesn’t convince you of the uniqueness of
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Thad Wong, Co-Founder of @properties Take a walk around the leafy, geometrically precise streets of Chicago’s North Side, lakefront neighborhoods and you will see one @properties front yard sign after another. The Chicagoland market’s no. 1 residential real estate brokerage by sales volume – and no. 8 nationally, according to
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Mortgage applications decreased 4% for the week ending July 16, just one week after applications jumped 16% on the strength of falling mortgage rates. The 10-year Treasury yield dropped sharply last week, in part due to investors becoming more concerned about the spread of COVID variants and their impact on
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After an epic rise in housing starts and permits from the COVID-19 lows, the latest Census report shows a calm after the housing storm. This report is consistent with my prediction that all housing data will moderate from the epic run-up in activity in the second half of 2020. This moderation
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KW Expansion Network will support business operations of the U.S.-based KW real estate expansion teams. Keller Williams has long been hailed as one of the first to embrace the team business model in real estate. The newly launched KW Expansion Network will take that support one step further to systematize
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HousingWire recently sat down with Matthew Marx, CEO of Evocalize, to learn more about the importance of lead gen and referrals in a hot housing market. HousingWire: In an already high origination volume environment, why should lenders put an emphasis on increasing referrals and generating leads? Matthew Marx: Increasing referrals
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Mortgage professionals never know what the industry will throw at them, so staying on top of market shifts can help originators prepare for what’s to come. De-risking efforts by GSEs, migration shifts, demographic changes and more are pushing the market to adapt to meet the needs of today’s borrowers. After
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Mortgage applications for new home purchases in June decreased 3% from May and 23.8% year over year, suggesting a slowdown in the housing market, according to a recent report from the Mortgage Bankers Association. New single-family home sales were reported at a seasonally adjusted annual rate of 704,000 units in
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Housing starts increased 6.3% to a rate of 1.64 million in June, as construction companies broke ground on a greater number of both single-family and multifamily buildings last month. But crucial supply issues are preventing future builds from getting off the ground. Per the most recent study from the U.S.
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