Posts by John Yellig

NAHB: Builder confidence plunges in May on affordability concerns 

The release of the monthly survey from the National Association of Home Builders comes as the Biden Administration unveiled a housing-supply action plan that aims to boost the supply of affordable apartments and new...

Mortgage applications rise for second week despite historically high rates 

Despite a slow start to the spring homebuying season, prospective buyers are showing some resiliency in the face of higher mortgage rates, as seen by two weeks in a row of increasing loan...

Smaller markets lead the way in Q1 home-price gains; Dallas sees 21.8% rise 

Seventy percent of the 185 metros surveyed by the National Association of REALTORS® saw double-digit price gains in the first quarter, compared to 66% in the preceding...

Mortgage applications fall as rates hit 13-year high 

Overall mortgage-application volume was at its lowest level since 2018, the Mortgage Bankers Association said....

New-home sales fall again in March 

Low inventory and rising interest rates have reduced prospective homebuyer purchasing...

NAR data shows another dip in existing-home sales 

Rising interest rates and home prices have taken a toll on would-be homebuyers’ purchasing power, leading to increased inventory and another monthly slowdown in...

Overall new-home construction rises in March despite slowdown in single-family

Single-family home starts declined compared to February, while new apartment construction was up, according to government statistics....

Builder confidence falls again as housing market faces ‘inflection point’

Builder sentiment has taken a hit from an unexpectedly sharp increase in mortgage rates and continued disruptions in the supply chain, according to the National Association of Home Builders’ monthly...

Rocket Cos. top-ranked real estate company in Fortune’s 100 Best Companies to Work For 

Altogether, eight companies well known to members of the residential real estate community were included in the annual...

Residential Real Estate Council to provide MoxiWorks HR tools through Broker Solutions 

The tools include MoxiEngage, a CRM specifically designed for real estate agents; MoxiPresent, a comparative market-analysis presentation tool; and MoxiHub, a brokerage...

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