A report from Yahoo Finance. "The buying frenzy of vacation homes witnessed during the pandemic is largely over, as intensifying home prices rapidly cool demand. Demand for vacation homes tumbled for the second month in a row in March. 'The…
A weekend topic starting with Go Local Prov. "In Rhode Island, GoLocal reported that in March that Santander Bank was expected to lay off nearly 200 employees. The layoffs by Santander are taking place across the globe. 'What’s behind banking…
A report from 19 News Cleveland. "Layoffs happened at a popular home mortgage company headquartered in Northeast Ohio. Union Home Mortgage in a statement told 19 News they are temporarily adjusting staffing levels to accommodate rapidly changing conditions in the…
A report from the Guardian. "Home ownership was initially a pandemic silver lining for Kay Kingsman. After a whirlwind month of house hunting, she made an offer on a Portland townhome in late July; it was only the second property…
A report from Mortgage News Daily. "Locks are certainly not repeating 2021 levels for January, with initial anecdotal pipeline numbers down 30-40 percent. Are you reducing costs accordingly? When the residential lending market is good, owners think they’re the smartest…
A report from Candy's Dirt in Dallas. "We have luxury homes sitting on the market at 400 and 500 days. We have millions of dollars in price reductions on some of these. It’s time to make some decisions and face…
A report from Mortgage Professional America. "'Bidding wars are still happening, but buyers are starting to get more breathing room,' said Jill Thompson, a Redfin agent in Indianapolis, where the bidding-war rate dropped to 36.8% in November from 73.6% in…
It's Friday desk clearing time for this blogger. "Christian Chapman, a former underwriter at Better.com, has worked in the mortgage business for almost 20 years and has been laid off by three other mortgage companies in the past. However, none…
A report from the Daily Mail. "In his three-minute call, Vishal Garg CEO of mortgage lender Better.com Vishal Garg, said that the 'market has changed' - meaning savage cuts to the $7 billion company's workforce were needed to avert disaster.…
A report from Pleasanton Weekly in California. "Buyer behavior has shifted during the second half of 2021 and is likely to continue into next year said Tina Hand, 2021 president of the Bay East Association of Realtors. Hand said buyers…