Builders growing more confident heading into the summer months
After a year of declining confidence in 2022, homebuilder optimism is on the rise, driven by buyer demand that is outpacing the supply of existing homes.
May 16, 2023
Dave Gallagher
Director, News Reporting
Dave's journalism career spans 24 years covering business, the economy and real estate in Northwest Washington. He's also a numbers nerd, examining data to spot emerging trends in industries. Having started his career as a sports writer, he's a lifelong baseball and soccer fan and recently discovered pickleball. He grew up in Yosemite National Park and earned his journalism degree at Humboldt State University in northern California.
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- Get ready, say MLS leaders — change is comingCEOs from five of the country's largest MLSs discussed the challenges (and progress) in making MLS organizations more efficient and collaborative.May 12, 2023
- Why RE/MAX's CEO isn’t worried about the market (but hates a cluttered inbox)President and CEO Nick Bailey — a 30-year industry veteran — takes a long-term perspective on real estate, and he already sees positive shifts.May 11, 2023
- FHFA decides to scrap new debt-to-income ratio feesThe fees, which were scheduled to go into effect on Aug. 1, were opposed by industry groups including NAR and the Mortgage Bankers Association.May 10, 2023
- The next wave of agents looks familiar, but …Brokerage leaders expect agents to be more tech-savvy than ever before, bringing new skills that enhance traditional approaches to buying and selling homes.May 10, 2023
- Compass loses $150 million, but finds reasons for optimismWith the rollout underway for its end-to-end transaction platform, and agent count up, Compass projects that it will be cash-flow positive next quarter.May 9, 2023
- How tech is making buying easier — and where it needs to goIs it possible to create an end-to-end buying and selling solution? Should we give iBuying a second look? Tech leaders discuss these questions and more.May 9, 2023
- How the industry looks to leaders who have stepped awayIn a panel discussion, former CEOs of some of the largest real estate companies talked about remote work, AI and more.May 6, 2023
- Redfin revenue down by nearly half, but better than expectedRedfin CEO Glenn Kelman says the company is ‘leaner, hungrier’ and ready for when the real estate market rebounds.May 4, 2023
- Mortgage rates dip slightly, but economic concerns growThe 30-year mortgage rate averaged 6.39% this week, down from 6.43%, but the decline has not spurred an increase in mortgage applications.May 4, 2023
- Zillow improved revenue, reduced losses despite annual declinesThe Seattle-based company beat analyst expectations for the first quarter and is entering a crucial period as it unveils new products.May 3, 2023
- The Fed sticks to its plan, bumps rate by 25 pointsAs many analysts had predicted, the Federal Reserve raised the benchmark interest rate for the 10th consecutive time since March.May 3, 2023
- Utah, New Mexico MLSs partner to share data and servicesMembers of UtahRealEstate.com and New Mexico MLS will be able to see listings across the coverage areas in both states.May 3, 2023
- Home prices up modestly, with bigger gains in the forecastCoreLogic’s home price report for March found that prices in the U.S. increased 3.1% annually, though gains (and losses) varied across the country.May 2, 2023
- Mortgage fee changes raise costs for some, lower costs for othersThe new mortgage fee structure is an attempt by the FHFA to create "equitable and sustainable access to homeownership."May 1, 2023
- More buyers believe they can find an affordable homeA new trends survey found that while most buyers still have trouble finding homes that fit their budget, more are optimistic about their chances.April 28, 2023
- Mortgage rates up for a second week, but may top out soonThe average 30-year mortgage was up slightly this week, but cooling inflation is a sign that the market is stabilizing, which should prompt declines.April 27, 2023
- Cash offers are up, profits are down — but some metros are thrivingWhile these trends can bring challenges, understanding local market dynamics can help buyers and sellers be more competitive.April 27, 2023
- CoStar beats expectations, increases revenue by 13%The company cited increased traffic to its portal websites, including Homes.com, as one reason for its growth.April 25, 2023
- Southeast continues to buck national price-growth trendsThe Case-Shiller data for March showed continuing annual declines in home prices, with stark regional differences.April 25, 2023
