It’s mid-November, which means it’s also time for 2022 forecasts. Redfin, Seattle, never shy, says the new year will bring more balance to the housing market. However, don’t expect a buyer’s market—just more selection, less frenzy and slower price growth.
Tag: Redfin
October Second-Home Demand Up 70% From Pre-Pandemic Levels
Redfin, Seattle, said while demand for vacation homes has cooled slightly since the start of the year, it’s expected to remain above pre-pandemic levels as many Americans take advantage of more permanent remote-work policies.
Industry Briefs Nov. 17, 2021: nCino to Acquire SimpleNexus for $1.2 Billion
nCino, Wilmington, N.C., announced it will acquire SimpleNexus, Lehi, Utah, for $1.2 billion.
Redfin: Investors Bought Record 18% of 3Q Homes for Sale
Redfin, Seattle, said real estate investors bought a record 18.2% of the U.S. homes purchased during the third quarter, up from a revised 16.1% in the second quarter and 11.2% a year earlier.
Housing Market Roundup Nov. 9, 2021
We’re starting to get a lot of year-end housing market reports—which means we should be soon getting 2022 forecasts. Here is a roundup of recent reports to come across the MBA NewsLink desk:
Housing Market Roundup Nov. 5, 2021: Home Prices Ramp Up; Pressure on Margins; More Affordable Homes Available
Another end to the week; another flurry of economic and housing reports. Here’s a quick summary of what’s come across the MBA NewsLink desk:
Share of Migration Slows; ‘High-Crime’ Neighborhoods Take a Hit
Nationwide, 30.2% of Redfin.com users looked to move to a different metropolitan area in the third quarter, down from 31.1% in the second quarter, marking the second-straight quarter of declines following four-consecutive quarters of increases.
Industry Briefs Oct. 29, 2021
The Consumer Financial Protection Bureau and the Department of Justice, in cooperation with the Office of the Comptroller of the Currency, alleged Trustmark National Bank of Jackson, Miss., engaged in redlining against Black and Hispanic neighborhoods in Memphis, Tenn.
Housing Market Roundup: Oct. 25 2021
While we were in San Diego last week for the MBA Annual Convention & Expo, a number of housing reports came across the MBA NewsLink desk that we didn’t get a chance to cover. Here’s a quick summary of those reports:
Industry Briefs Oct. 20, 2021: SimpleNexus Acquires LBA Ware
SimpleNexus, Lehi, Utah, announced its acquisition of software firm LBA Ware, Macon, Ga. The transaction, SimpleNexus’ first, brings together 325 employees in 29 states to serve 425 distinct lender customers and dozens of mortgage technology integration partners.