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Prices trend upward as real estate sales slow down in Greater Victoria – Vancouver Island Free Daily

BrokerOwner.net February 4, 2022

Lower inventories helped to depress year-to-year real estate sales in the first month of 2022 but also contributed to higher prices.

Instant Reaction: Mortgage Rates: February 3, 2022 – National Association of REALTORS®

BrokerOwner.net February 4, 2022

Including home buying and selling, commercial, international, NAR member information, and technology. Use the data to improve your business through …

Keller Williams names ex-eXp president Stacey Onnen to executive team

BrokerOwner.net February 4, 2022

Stacey Onnen, who recently served as president of eXp Realty and, before that, operations manager of Realty ONE Group, has been brought into the Keller Williams fold as a member of the executive leadership team. This comes on the heels of an announcement yesterday by Greg Robertson of Vendor Alley

HUD slams LA for unspent homeless funds

BrokerOwner.net February 4, 2022

As Los Angeles’s homeless problem escalated, the very part of L.A. government charged with helping the homeless left millions of federal dollars on the table. That is the finding of a U.S. Housing and Urban Development Inspector General report released last month. Maxine Waters, who is the chair of the

Pennymac Financial Services’ profit sinks 31% in Q4

BrokerOwner.net February 3, 2022

California-based nonbank mortgage lender Pennymac Financial Services posted record loan production last year, but a significant decline in net profits. Reflecting the higher rate landscape, in the last three months of 2021, the servicing segment brought more returns to the company than production. The company reported a net income

Freddie Mac opens 2022 with two large CRT offerings

BrokerOwner.net February 3, 2022

Freddie Mac recently announced that its credit-risk transfer (CRT) program is projecting note-issuance volume of at least $25 billion in 2022. The government-sponsored enterprise (GSE) has made its first down-payment on that projection by issuing two single-family CRT note offerings totaling $3.3 billion so far this year that are secured

Santander Bank to stop originating mortgages in the United States

BrokerOwner.net February 3, 2022

Amid higher rates, lower volumes, and fiercer competition, Santander Bank decided it will stop originating residential mortgages and home equity loans in the United States. On Wednesday, the bank announced that it will consider applications for residential mortgage or home equity line of credit (HELOC) on the portal EZApply only

Here are 4 macro trends impacting the 2022 housing market

BrokerOwner.net February 3, 2022

This article is part of our HousingWire 2022 forecast series. After the series wraps, join us on February 8 for the HW+ Virtual 2022 Forecast Event. Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for this year,

Mortgage stocks are in free fall. So what’s next?

BrokerOwner.net February 3, 2022

Investors have largely shunned nonbank mortgage stocks, and analysts believe the hard times are still ahead. Driven by a desire to achieve greater scale and gain access to cheaper capital, nonbank mortgage lenders dove headfirst into the public markets during the Covid-19 boom. How could they resist? It was, after

The Top 10 Hottest Real Estate Markets in Maine Right Now – Q97.9

BrokerOwner.net February 3, 2022

Home sales shot up 26% in 2021 and the average price of a home in Belfast also shot up. In 2020, the median price for a house was $245,000 and in 2021 …

Stephens Real Estate breaks sales records, wins awards – Iron Mountain Daily News

BrokerOwner.net February 3, 2022

IRON MOUNTAIN — With a record-setting $67 million in sales in 2021, Stephens Real Estate of Iron Mountain was named Top-Selling Real Estate …

Two recent apartment sales total nearly $18 million combined – The Business Journals

BrokerOwner.net February 3, 2022

“The ability to add a leasing office, amenities, and upgrade units will tremendously add value to this prime real estate.”.

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