Remove 2001 Remove Construction Remove Real Estate
article thumbnail

iHomefinder taps SaaS veteran Womack to lead sales team

Housing Wire

The real estate technology provider has added sales veteran Bryson Womack as vice president of sales, a move that took effect this week. His expertise in sales leadership and keen understanding of the real estate technology market make him the perfect fit for iHomefinder.

article thumbnail

Employment gains could help housing inventory

Housing Wire

Sectors that were hit hardest by the pandemic led job growth last month, with jumps in leisure, hospitality, public and private education and construction – good signs for the housing industry. For housing, March gained 110,000 jobs in construction – a positive sign in an industry struggling with supply constraints. Labor Department.

Inventory 514
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Pending home sales fall 38% in November

Housing Wire

Falling home sales and construction have hurt broader economic activity.”. An index of 100 is equal to the level of contract activity in 2001. Year over year, the Pending Home Sales Index was down 37.8%, marking the 18 th consecutive month of annual declines.

Contracts 511
article thumbnail

Pending home sales fall to their lowest level in two decades

Housing Wire

Pending home sales in October fell to their lowest level since 2001. Meanwhile, new home sales posted a better performance as homebuyers pivoted to new construction amid waning existing home supply. As mortgage rates edged near multi-decade highs, pending home sales declined 1.5% down from 72.6 in September. New home sales fell 5.6%

article thumbnail

Home prices are still rising, but relief for buyers is coming

Housing Wire

growth is the largest annual growth reported since 1979, as supply and demand pressures endure and construction costs continue to rise, said Frank Nothaft, CoreLogic’s chief economist. An index of 100 is equal to the average level of contract activity during 2001, the first year examined. ” The 17.2%

Buyers 514
article thumbnail

Some mortgage companies expanding despite challenges

Housing Wire

Mortgage lenders and real estate investment firms this month entered tight housing markets in the Midwest and the Northwest to better reach prospective homebuyers, despite a challenging mortgage market. When we help bring distressed properties back to the market, it’s up to 31% less expensive than a new construction home.”.

Mortgage 397
article thumbnail

Japanese luxury-home developer plans U.S. IPO

Housing Wire

Tokyo-based Lead Real Estate Co. Lead Real Estate (LRE) seeks to have its ADS securities listed on the NASDAQ Global Market exchange. The company initially expanded into the United States in 2017 with the launching of a Dallas-based subsidiary now called Lead Real Estate Global Co. stock market.