Articles by Alcynna Lloyd

RE/MAX announces several senior leadership promotions

Josh Bolgren, Roy Schwalm and Brett Ritchie have accepted new roles
RE/MAX Holdings, parent company of RE/MAX, recently announced the promotions of Josh Bolgren, Brett Ritchie and Roy Schwalm to senior leadership positions. RE/MAX CEO Adam Contos said these outstanding leaders will have an even greater impact in their new roles.
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Number of homes selling above list price drastically declines

Homes selling above list price hits three-year low in December
In the second half of 2018, the amount of homes selling above list price drastically retreated, according to new data from Zillow. The real estate giant attributes December’s decline to several factors including inventory improvements and increasing mortgage rates.
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America's equity-rich properties increase to record high

More than 14.5 million U.S. properties were rich with equity in Q4
More than 14.5 million U.S. properties were rich with equity in the fourth quarter of 2018, according to new report from ATTOM Data Solutions. ATTOM's Chief Product Officer Todd Teta said with homeowners staying put longer, homeownership equity will most likely continue to strengthen.
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LendingTree: Share of borrowers with interest rates under 5% climbs

85% of borrowers received rates under 5%
According to LendingTree's Mortgage Rate Competition Index, the number of borrowers with interest rates under 5% hit 85% for the week ending Feb. 3, 2019. LendingTree Chief Economist Tendayi Kapfidze said homebuyers could have seen median lifetime savings of $30,858 in interest on a $300,000 loan by comparison shopping for the best mortgage rates.
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Freddie Mac: Mortgage rates hit 10-month low

But even that won't help homebuying
Mortgage rates have now fallen to their lowest level within the last 10 months, according to the latest Freddie Mac Primary Mortgage Market Survey. Freddie Mac Chief Economist Sam Khater said the steady U.S. economy has allowed mortgage rates to drift down to their lowest level in 10 months.
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Built Technologies welcomes two new directors

Billy Olson and Natalie Myrick expected to deepen company's lending expertise
Built Technologies, a HousingWire Tech100 winner, recently announced the addition of Billy Olson and Natalie Myrick to its lending team. Built CEO and Co-Founder Chase Gilbert said the pair are critical additions to the team, especially as they strive to better understand the lending perspective.
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Redfin: Economic headwinds dampen luxury home market

In Q4, sales of homes priced at or above $2 million decreased 3.9%
In the fourth quarter of 2018, luxury home prices increased 4.7% year over year to an average of $1.78 million, according to the latest data from Redfin. Redfin Chief Economist Daryl Fairweather explained economic headwinds are responsible for the decline.
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MBA: Mortgage applications fall 2.5%

Mortgage apps reach lowest level since April 2018
Mortgage applications continued to retreat further for the week ending Feb. 1, 2019, according to the newest data from the Mortgage Bankers Association's weekly Mortgage Applications Survey. MBA Vice President of Economic and Industry Forecasting Joel Kan said mortgage rates for all loan types declined last week to the lowest rate since April 2018.
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CoreLogic: Home prices inch forward in December

But are projected to increase by 4.6% in December 2019
In December 2018, home prices climbed 4.7% from December 2017, according to CoreLogic’s latest Home Price Forecast. CoreLogic’s Chief Economist Frank Nothaft said higher mortgage rates slowed home sales and price growth during the second half of 2018.
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