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Housing industry continues to shed employees in economic downturn

Housing Wire

This week, American Financing Corporation reduced employee headcount by almost two thirds and power buyer Homeward slashed 25% of its workforce as the companies faced headwinds. Aurora, Colorado-based American Financing Corporation has started to layoff 63.6% American Financing Corporation originated $4.13

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What’s next after a historic housing boom?

Housing Wire

This article is part of our HousingWire 2022 forecast series. After the series wraps early next year, join us on February 8 for the HW+ Virtual 2022 Forecast Event. What we’re starting to see is more of a cooling or a plateauing than a market correction.”. Boise is in a full-fledged housing crash!” on pace for 6.29

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Is the market pivoting ahead of the Fed?

Housing Wire

The entire economic landscape, including mortgage rates, has changed this week, starting with the Fed’s talking points on Wednesday. The honey badger labor market is still going strong as we got another solid jobs report Friday, which pushed bond yields higher at first. However, the way the day ended showed that change is coming.

Marketing 512
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Risk of mortgage fraud is on the rise in the current market

Housing Wire

Hill’s scheme, also enabled by a group of co-conspirators, caught up with him, in part because many of the loans started going south. Eric Hill, an Atlanta real estate agent representing a nationwide homebuilder, had a plan to help more than 100 homebuyers get mortgages. The problem: They did not qualify for the loans.

Mortgages 395
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Where In The World Are Those Rate Cuts?

Toronto Realty Blog

Buried six layers deep in my mind, like something out of Leonardo DiCaprio’s Inception , was that line that I believe I heard my friend Jeff tell his son a decade ago, while I thought, “Geez, what happened to Jeff?” ” Now I’m saying it. Geez, what happened to me ? My mortgage is up for renewal in November of 2024.

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Is the Housing Market Sustainable?

Realty Biz

Statistics show that housing prices have become increasingly unaffordable for many Americans, and it is unclear whether this trend can be reversed. Whether you’re a first-time homebuyer or a real estate agent looking to help your clients understand these trends, here’s what to know about the sustainability of the current market.

Marketing 108
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Inside Redfin’s unique, brave and vulnerable business model

Housing Wire

I started at Redfin 12 years ago,” she said. Grace Alipour spoke loudly into the phone over the cries of her two-year-old being strapped into a car seat. “I And in 2017, I decided to go on full-time as a lead agent.”. It is high-volume work,” Alipour recalled. With a two-year-old, I couldn’t meet the quota,” she said. The pay wasn’t great.”.

Brokerage 370