Posts by John Yellig

Mortgage applications fall more than 8% 

The average contract interest rate for 30-year fixed-rate mortgages backed by the Federal Housing Administration increased to 3.93% from 3.86%, the Mortgage Bankers Association...

Rent-to-own housing company launches in Atlanta, Phoenix with plans to expand to Washington

Pathway Homes was formed by ResiLabs, a partnership between real estate private equity investor Regis Group, single-family rental landlord Invitation Homes Inc. and venture-capital firm Fifth...

Real estate advisors project tamer housing market in 2022 

Home-price growth is expected to average about 5% this year, far below the record-breaking pace set in...

2021 ends with a bang in new-home sales 

Builders started to make headway against supply-chain issues that have hampered construction of homes in the face of high...

Existing-home sales slide in December while prices continue to climb

"December saw sales retreat, but the pull back was more a sign of supply constraints than an indication of a weakened demand for housing." — NAR chief economist Lawrence...

Housing starts rise in December on strong multifamily sector

While multifamily starts surged 13.7% compared to November, the pace of new single-family housing construction slid 2.3%, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban...

Inflation worries sap builder confidence in January

“While lean existing home inventory and solid buyer demand are supporting the need for new construction, the combination of ongoing increases for building materials, worsening skilled labor shortages and higher mortgage rates point to declines for housing affordability in 2022.”...

Mortgage applications, interest rates rise first week of January

“MBA expects solid growth in purchase activity this year, as demographic drivers and the strong economy support housing demand,. However, the strength in growth will be dependent on housing inventory growing more rapidly to meet demand." — Mortgage Bankers Association...

RE/MAX CEO stepping down in March

Board member Stephen Joyce will serve as interim CEO as the company conducts a search for a permanent...

SP200 ranks the most-powerful people in residential real estate in 2022

The Swanepoel Power 200, or SP 200, annual ranking of the most-powerful and influential leaders in residential real estate has been...

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