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Housing industry continues to shed employees in economic downturn

Housing Wire

Don’t be fooled by last week’s mortgage rate collapse. A combination of elevated mortgage rates, sluggish home sales and inflation continue to plague the housing market workforce, with numerous mortgage lenders and real estate startups shedding employees. And don’t expect the layoffs to stop anytime soon.

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Mike Fratantoni on MBA’s 2022 mortgage market forecast

Housing Wire

We’ve had the sharpest and yet also the shortest recession in history, record-low mortgage rates leading to record origination volumes, and record home prices as housing demand far outstripped supply. How will the Federal Reserve respond to economic developments in 2022, and what will be the impact on mortgage rates?

Mortgages 450
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Inside Redfin’s unique, brave and vulnerable business model

Housing Wire

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

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Austin Real Estate Market & Investment Overview 2020

Marco Santarelli

The total sales dollar volume in the Greater Austin housing market (five-county MSA) experienced a double-digit y-o-y increase of 13.1%, which amounted to $1,674,070,282. Sales dollar volume declined 1.9% to 22,744 new listings; active listings dropped 19.2% increase year over year, which helped hold sales to only a 5.2%

Marketing 141
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Seattle Real Estate Market & Investment Overview 2020

Marco Santarelli

Even before the virus hit the region, it was quite evident that if the inventory crunches further, the affordability will become a bigger issue in the Seattle housing market 2020 , especially with homes in the lower tier. Even with the market virtually shutting down, there isn't a great drop in the open house attendance or sales activity.

Marketing 141
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Philadelphia Real Estate Market & Investment Overview 2021

Marco Santarelli

In the past month, houses in the Philadelphia metro area sold for higher prices and that is mainly due to low mortgage rates and tight inventory. Townhome unit sales volume (2,095) rose 22%. Housing data by Bright MLS, Inc. Forecast is an estimate based on data from multiple sources. While it is deemed reliable, it is not guaranteed.

Marketing 126
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Houston Real Estate Market 2020 Overview

Marco Santarelli

The second-best performer consisted of homes in the $500,000 to $750,000 range, which jumped 18.6 Whether home sales would continue to climb up or plunge again in the third quarter of 2020 is not certain. The forecast by Zillow also points in the same direction—a drop of 1.5% percent year-over-year. percent year-over-year.

Marketing 141