Market Updates

Aug. 10, 2021

8/10/21

 

 

 

 

Did You Know?

What was the total value of Merger and Acquisition deals in the first half of 2021? $2.3 TRILLION! (CNBC)

Did You Know?

According to the U.S. Small Business Administration, less than 2% of millennials reported being self-employed, compared with 7.6% for Gen ...

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Posted in Market Updates
June 21, 2021

6/21/21

 

 

Did You Know?

The extraordinary recovery of the U.S. economy is set to make the country the world’s top destination for overseas investment this year and next, with foreign businesses drawn by the prospect of a rapid and sustained rebound in consumer spending. (WSJ)

 

Did You Know ...

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Posted in Market Updates
Sept. 7, 2020

9/7/20

 

 

 

DID YOU KNOW?

Unemployment fell to 8.4% as workers returned to their jobs that were lost during lockdown, the first time it has been below 10% since the COVID lockdown began. (BARRONS)

 

DID YOU KNOW?

Moving to the suburbs has its attractions for sure, but ...

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Posted in Market Updates
June 3, 2020

6/3/20

 

 

 

DID YOU KNOW?

Nationally, home values rose 5.4% annually in April, a sharp increase from the 4.5% annual increase in March. The gain in prices was driven by a record drop in the supply of homes for sale. Not only did some sellers pull their ...

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Posted in Market Updates
April 21, 2020

Tuesday April 21st: Current Trends in Real Estate

 

compass

 

 

COMPASS IS KEEPING ITS FINGER ON THE PULSE OF THE INDUSTRY AND ECONOMY


We had a fascinating conversation about the state of the real estate market with David Stevens, the former head of the Federal Housing Administration and Mortgage Bankers Association. Here are some of his key ...

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April 8, 2020

4/8/20

 

 

 

 

DID YOU KNOW?

Mortgage application volume dropped almost 18% last week.

 

DID YOU KNOW?
Mayo Clinic’s coalition, which counts the American Red Cross as a partner, now has more than 100 sites working on implementing convalescent plasma as a treatment for patients. (CNBC)

 

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Posted in Market Updates
March 30, 2020

3/30/20

 

 

 

 

DID YOU KNOW?
The 30-year fixed-rate mortgage dropped to 3.50%, a significant decrease of 15 basis points from last week, when rates surged to the highest level since January. The 15-year fixed-rate mortgage fell 14 basis points to 2.92%. It has remained below ...
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Posted in Market Updates
March 6, 2020

3//6/20

 

 

 

DID YOU KNOW?

The average contract interest rate for 30-year fixed-rate mortgages fell to 3.45% from 3.73% last week.  The rate on the 15-year — a popular refinance option — fell to 2.95%, its lowest level since November 2016. That drop caused a ...

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Posted in Market Updates
Jan. 28, 2020

1/28/20

 

 

 

DID YOU KNOW? 

Institutional investors who purchase properties with the goal of turning a profit often use bonds and certificates of deposit to finance their deals. Doing so allows the investor to skirt the recording requirements and mortgage recording taxes that accompany traditional mortgages in New ...

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Posted in Market Updates
Jan. 7, 2020

1/7/20

 

 

 

 

DID YOU KNOW?

A significant amount of under-building occurred in the 2010s. Here are the production numbers - adjusted with population growth - as measured in terms of starts per million population (averaged over the decade):
1960s: 47,997 starts
1970s: 53,138 starts
1980s: 41,588 starts
1990s ...

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Posted in Market Updates