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Compass CEO Reffkin believes agents will still be valued in a post-settlement world

Housing Wire

In down markets, the best agents and the best brokerages gain market share,” Reffkin, the CEO of Compass, told investors and analysts during his firms first-quarter 2024 earnings call on Wednesday evening. “We In addition to Compass’ market share gains, the firm also recorded a 10% annual bump in revenue to $1.05

Agents 333
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Title insurance executives are confident the Biden proposals won’t come to much

Housing Wire

Rising mortgage rates and a slower housing market than anticipated contributed to the weaker financial performance of the title segments of some of the nation’s largest title firms during the first quarter of 2024. Market conditions in the real estate and mortgage industries continued to be a challenge in the seasonally weak first quarter.

Insurance 341
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What Fed rate cuts in 2024 will mean for homebuyers

Housing Wire

The housing market cheered as the Federal Reserve signaled interest rate cuts next year after making a series of rapid rate hikes starting in 2022. in 2025, indicating four more 25 bps cuts. Treasuries, which move based on anticipation about the Fed’s actions, what the Fed ends up doing and investors’ reactions.

Inventory 457
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What would it take to crash the housing market?

Housing Wire

Home prices are skyrocketing, housing inventory is at all-time lows and homebuyers have to contend with multiple bids. In time, markets always find balance and balance is a good thing. Inventory velocity. April 10, 2020: We needed a lot of inventory, fast. April 2022: Inventory has not recovered. Can this last?

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A soft landing for the real estate market. What’s next?

Housing Wire

housing market could have a soft landing in 2023. The market was roaring — way too hot — with bidding wars, speculators and investors who thought they couldn’t lose. A soft landing is how you end that crazy cycle without the massive pain of a market crash or bubble burst. Inventory has fallen all year.

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How analysts see 2024 shaping up for mortgage lenders

Housing Wire

According to George, there will be “a small amount” of cash-out refinances, and the purchase market might see “a little bit of an improvement,” but overall, 2024 “doesn’t look better.” ” Additionally, predicting the market recovery’s timing is challenging. But it’s possible.

Mortgage 490
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Mortgage rates decline following debt ceiling deal 

Housing Wire

trillion limit until January 2025 and cap government spending. Investors’ eyes are now fixed on the upcoming FOMC meeting, scheduled for June 13 and 14. Investors’ eyes are now fixed on the upcoming FOMC meeting, scheduled for June 13 and 14. However, the labor market brings mixed signals.

Mortgage 373