Buyers showing renewed interest in condos

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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Freddie Mac EVP on a new generation of leaders

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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Can @properties flourish outside Chicago?

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 fall amid market jitters

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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New homes selling well even as builders pass on costs

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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Keller Williams launches team expansion network

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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How mid-year market shifts are impacting originators

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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The housing market is losing steam

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 increase, but builders still lack supplies

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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