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The NAR existing home sales report released today blew out all estimates with 6,540,000 in existing home sales. This epic headline punctured any 2020 bubbles the housing bubble boys had left in their arsenal. But before we get too excited, keep in mind we are still down 0.2% year to date compared to 2019 levels. Still, this seems like a booming housing market, right?
Sales of existing homes took off in September to a seasonally adjusted annual rate of 6.54 million, up 20.9% from a year ago, NAR said.
Jonathan Corr served as president and CEO at Ellie Mae before announcing his retirement in September when the company was acquired by Intercontinental Exchange. Joe Tyrrell, Ellie Mae’s COO, succeeded Corr as president of ICE. HousingWire sat down with Corr and Tyrrell for an exclusive look back at the changes in the company and in the mortgage industry during the last two decades, as well as what’s ahead.
HousingWire CEO Clayton Collins and Howard Botts, executive & chief scientist, Science & Analytics for CoreLogic, discuss CoreLogic’s new AVM.