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Buyers are getting cold feet as mortgage rates exceed 7%: Redfin

Housing Wire

Buyers facing high mortgage rates are pulling out of their home-purchase agreements at the highest rate in nearly a year. Rates last month surged to 7.23%—the highest since 2001 – sending the typical homebuyer’s monthly payment up significantly from last year. That rate is up from 14.3% The median U.S. million in August, falling 1.1%

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The evolution of the more productive real estate agent 

Housing Wire

Bonnie Williamson never intended to be a real estate agent. As more and more people enter the real estate industry – membership at the National Association of Realtors has ballooned to a record 1.6 Gault and Wexler both came from real estate families and have been in the industry for over 20 years.

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Pending home sales fall 38% in November

Housing Wire

An index of 100 is equal to the level of contract activity in 2001. Pending-home sales in November reflect a freeze in the housing market, as buyers remain on the sideline and sellers are staying put,” Odeta Kushi, First American’s deputy chief economist, said in a statement.

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Pending home sales are down 31% from last year

Housing Wire

An index of 100 is equal to the level of contract activity in 2001. The Federal Reserve has had to drastically raise interest rates to quell inflation, which has resulted in far fewer buyers and even fewer sellers.”. Only when inflation is tamed will mortgage rates retreat and boost home purchasing power for buyers.”.

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Japanese luxury-home developer plans U.S. IPO

Housing Wire

Tokyo-based Lead Real Estate Co. Lead Real Estate (LRE) seeks to have its ADS securities listed on the NASDAQ Global Market exchange. It launched an interactive media platform as well in the fall of 2021, called Glocaly, which serves as a listing and marketing exchange for matching sellers and buyers of condos.

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A look behind this year’s Tech100 winners

Housing Wire

This isn’t a new story in mortgage lending or real estate brokerage. But ultimately, efficient mortgage lending and real estate sales is what is most important to a healthy housing market. Real estate is local. Tech100 Real Estate Winners. This could be read through a negative lens.

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Some mortgage companies expanding despite challenges

Housing Wire

Mortgage lenders and real estate investment firms this month entered tight housing markets in the Midwest and the Northwest to better reach prospective homebuyers, despite a challenging mortgage market. Since its establishment in 2008, the firm said it has bought and sold about $12 billion in residential real estate.

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