A report from Jackson Hole News and Guide. "Looking to buy a house, Harry Richmond found one three or so hours away from San Francisco where he lives and works. But, just as the 33-year-old pharmaceutical industry employee was getting…
A weekend topic starting with Yahoo Finance. "The Federal Reserve’s top figure said Thursday that the central bank should have acted sooner to pull back on its pandemic-era stimulus and get ahead of rising inflation. Fed Chairman Jerome Powell told…
A report from Investor Place. "Opendoor Technologies just released its Q4 financials, including its full-year 2021 results. It is likely to stay down as long as the company keeps digging itself into a hole. The $5.8b billion in home purchases…
A report from DS News. "Mortgage rates increased to 3.22%, the highest percentage since May 2020. Agents have said the potential for higher mortgage rates is motivating sellers to act quickly. 'Sellers want to get their homes on the market…
A report from Bloomberg. "Zillow’s iBuying business loses money, so stopping purchases should help its bottom line, analyst Ygal Arounian said in a note. 'This feels like they bought way too many homes and they’re trying to work off that…
A report from the Phoenix Business Journal in Arizona. "Some of the hottest areas of the Valley for recent land deals are in the northwest and southwest areas, along with the Mesa-Gilbert market and Pinal County, said Jim Daniel, president…
A report from Bisnow New York. "The coronavirus pandemic brought New York City’s office market to a screeching halt. Adding to landlord concerns is the seemingly constant new supply of space. 'If they [refinanced] recently, this is the problem,' added…
A report from KCCI on Iowa. "Ted Weaver, the president of the Des Moines Area Association of Realtors, tells KCCI the housing market is starting to stabilize. Weaver said if someone is selling right now, the price has to be…
A report from Geek Wire. "Redfin’s revenue jumped 121% to $471 million, and its net loss widened to $27.9 million from $6.6 million a year earlier. Redfin CEO Glenn Kelman also addressed the dynamics prompting Redfin to focus on growth…
A report from Mortgage Professional America. "Potential home buyers are being edged out of the house market because of high property prices, mortgage brokers have told MPA. Figures show that new home sales fell to the lowest level in more…