HousingWireHousingWire Our weekly pending contract data is still positive year over year, but only by 1%, as demand growth has slowed amid higher mortgage rates. What does this mean for the spring housing market? Let’s take a look at the data and see what we can expect. Weekly pending sales…
Continue reading →HousingWireHousingWire It’s mostly doom and gloom for real estate investors heading into 2025, according to a quarterly survey released this week by RCN Capital and CJ Patrick Co. Their Winter 2024 Investor Sentiment Survey showed that only 35% percent of investors consider the market to be “better” or “much better”…
Continue reading →HousingWireHousingWire With more than 153,000 people currently under evacuation orders in the Los Angeles area due to multiple wildfires, an estimated 10 deaths and thousands of structures burned, the reverse mortgage industry at multiple levels is mobilizing with a clear, overarching message: Impacted borrowers must get in touch with their…
Continue reading →HousingWireHousingWire Redfin has started 2025 with a round of layoffs. The Seattle-based brokerage company laid off 46 employees on Thursday. In a statement emailed to HousingWire, a Redfin spokesperson noted that most of the impacted employees were managers in the company’s headquarters, program and field leadership roles. No agents were…
Continue reading →HousingWireHousingWire Less than 10 days into 2025, California is experiencing a multibillion-dollar wildfire disaster that is further shaking up the state’s already vulnerable insurance coverage. Rep. Maxine Waters (D), who represents a portion of the Los Angeles area that is impacted by the damage, is ready to reintroduce a bill…
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