Steve Demos

David Stevens answers 5 questions about the state of the mortgage market Mar. 26th 2020
In an exclusive interview, HousingWire spoke to Mountain Lake Consulting’sChief Executive Officer David Stevens about the economy’s recent turbulence and what the Fed’s decision means for the mortgage industry. The post David Stevens answers 5 questions about the state of the mortgage market appeared first on HousingWire.

Real estate companies report spike of demand for virtual home showings Mar. 25th 2020
Although many real estate companies have paused home showings, the desire for digital and 3D home showings have risen rapidly. The post Real estate companies report spike of demand for virtual home showings appeared first on HousingWire.

Realogy, nation’s largest real estate brokerage, cutting employee salaries in wake of coronavirus Mar. 25th 2020
The coronavirus-caused downturn in the economy has already hit the real estate industry, as nation’s fastest-growing brokerage, Compass, announced this week that it laid off approximately 15% of its 2,500 employees. But Compass is far from the only big real estate company that is making cutbacks right now. The post Realogy, nation’s largest real estate brokerage, cutting employee salaries in wake of coronavirus appeared first on HousingWire.

FHFA: U.S. house prices climb 5.2% in January Mar. 25th 2020
House prices increased 5.2% in January from a year earlier, slowing from December’s annualized gain of 5.4%, according to the FHFA., The post FHFA: U.S. house prices climb 5.2% in January appeared first on HousingWire.

New home sales decline 4.4% in February Mar. 24th 2020
Sales of new homes declined in February to an annualized rate of 765,000, according to the Census Bureau and the Department of Housing and Urban Development. The post New home sales decline 4.4% in February appeared first on HousingWire.

How the coronavirus will impact U.S. home prices Mar. 23rd 2020
This week, HousingWire Columnist Logan Mohtashami tests the hypothesis that one of the economic consequences of COVID-19 will be the collapse of U.S. home prices. HW+ Premium Content The post How the coronavirus will impact U.S. home prices appeared first on HousingWire.

U.S. existing-home sales climbed to 13-year high in February Mar. 20th 2020
U.S. existing-home sales rose in February, increasing 6.5% from the previous month’s pace, according to the National Association of Realtors.According to Lawrence Yun, NAR’s chief economist, February’s sales of over 5 million homes was the strongest increase since February 2007. The post U.S. existing-home sales climbed to 13-year high in February appeared first on HousingWire.

Housing activity stays strong, despite coronavirus concerns Mar. 19th 2020
While housing starts declined in month-over-month activity, new housing supply is still strong, with year-over-year activity up 0.24%. Existing housing activity – or home maintenance and remodeling – grew increasingly in February. The post Housing activity stays strong, despite coronavirus concerns appeared first on HousingWire.

2019 saw the largest growth of first-time homebuyers in over a decade Mar. 18th 2020
In Q4 2019, first-time homebuyers represented 39% of all buyers in the single-family housing market, and 55% of all purchase money borrowers. The post 2019 saw the largest growth of first-time homebuyers in over a decade appeared first on HousingWire.

U.S. housing starts declined in February Mar. 18th 2020
Before the Coronavirus pandemic tightened its grip on the U.S. housing market, home construction began to ease in February led by a retreat in multifamily units. The post U.S. housing starts declined in February appeared first on HousingWire.