RE/MAX, Denver, said October home sales fell by 6.4 percent from September—nearly double the typical seasonal decline—pinched between a steep median sales price of $336,000 and record low inventory.
Category: News and Trends
October Pending Home Sales Up 7.5%
Pending home sales rebounded strongly in October after declining in September, the National Association of Realtors reported Monday.
Arjun Raman of Wipro Opus Risk Solutions: Strapped for Time–Empower Overworked Staff with Outsourcing
The economic effects of the pandemic have placed strains on the day-to-day operations of servicers. An established relationship with a strategic outsourcing partner can streamline efficiency and productivity, resulting in improved scalability, increased cost savings and expertise at the ready.
MISMO Winter Summit 2022 in Clearwater, Fla. Jan. 10-13
The MISMO Winter Summit takes place Jan. 10-13 at the Hyatt Regency Clearwater Resort and Spa.
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“We’re seeing the effects of a long, sustained run-up in prices and month-over-month home sales and the market may be moving past the days of immediate sales, multiple offers and bidding wars on virtually every property. That’s OK. The October dip in sales, especially after such a busy September, is a step toward a more balanced market and was somewhat overdue.”
–Nick Bailey, President of RE/MAX LLC, Denver.
MBA Advocacy Update Nov. 29, 2021
On Monday, President Joe Biden announced his intent to nominate current Federal Reserve Chair Jerome Powell for a second term and current Board member Lael Brainard for Vice Chair. Also last week, MBA submitted comments to the Federal Housing Finance Agency in support of its proposed changes to the capital framework applicable to the GSEs.
MBA Chart of the Week Nov. 24, 2021: Price Changes in Turkeys, Cars, Shelter
Inflation has been a dominant story of late, given the widespread disruption in supply chains and labor shortages resulting from the pandemic.
Mark P. Dangelo: The Agenda Driving Leadership Data, Analytics and Hubs
In an age of digital, dealing with unknown unknowns is a reality for all leadership personnel incorporating innovations, conducting post-deal M&A events, or seeking relevant customer solutions. However, how can we determine the metrics, KPI’s, or targeted control panels that will be applicable against evolving data science demands and revolutionary access technologies?
Tim Anderson of Evolve Mortgage Services: Second Time’s a Charm for eModifications
Tim Anderson is President of the eMortgage Division for Evolve Mortgage Services, where he is responsible for overseeing deployment of the company’s digital closing platform and developing strategic partner relationships.
Keeping Current With Midland Loan Services’ David Harrison
David Harrison is Chief Operating Officer with Midland Loan Services, Overland Park, Kan. He has a broad background in commercial real estate, including capital markets, asset management, underwriting, workouts, business development and client relations.