Housing Market Hotness Index
Housing Market Hotness Index FRED, the data-rich economic research site from the St. Louis Fed, says the housing market has been a hot topic of conversation over the past two years and their new “Hotness” score illustrates that point with the help of data from Realtor.com. They say their new “hotness” index aims to reflect […]
Weekly Webinar: Crypto Certified Agents Panel
Weekly Webinar: Crypto Certified Agents Panel Propy’s Weekly Webinar runs every Wednesday at 1 PM PST. Weekly Webinar #124 | Crypto Certified Agents Panel with David Candelora, Ryan Rust, and Nick Gumpert Propy’s Adam Brown talks with three crypto certified agents about their local market, and what’s happening with crypto in their areas. Join David […]
Existing Home Sales Drop Slightly in August
Existing Home Sales Drop Slightly in August The National Association of Realtors is reporting that existing home sales were down 0.4% in August to a seasonally-adjusted annual rate of 4.8 million (down 19.9% year over year). Total housing inventory at the end of August was 1,280,000 units, down 1.5% from July and unchanged from one […]
Wells Fargo to Pay $94 Million to Settle Mortgage Forbearance Class-Action
Wells Fargo to Pay Million to Settle Mortgage Forbearance Class-Action HousingWire is reporting that Wells Fargo agreed to pay $ 94 million to settle a class-action lawsuit that placed more than 200k mortgage borrowers into forbearance during the pandemic, unlawfully and without their consent. According to the report, customers who inquired about forebearance, but did […]
Building Materials Prices Up 14.3% Year-Over-Year
Building Materials Prices Up 14.3% Year-Over-Year The NAHB’s Eye on Housing recently crunched the numbers from the most recent BLS Producer Price Index, where they found building materials prices have climbed 4.9% through the first eight months of 2022 and 14.3% year-over over. Prices for gypsum products, transformers, and concrete posted historic 12-Month Increases. However, […]
Introducing MetaAgents X Shredders!
Introducing MetaAgents X Shredders! The First NFT Avatars for True Crypto and Real Estate Fans #MetaAgents Propy is thrilled to share information on our limited collection of MetaAgents X Shredders! The drop is just a few days away, and we are excited about the launch! Are you ready to color your crypto wallet with an […]
Mortgage Rates Highest Since 2008
Mortgage Rates Highest Since 2008 We saw recently how mortgage applications have taken a nosedive in the face of rising interest rates, intense competition and rising prices. Today’s graphic from Statista illustrates how the average 30-year fixed mortgage rate has sharply risen to levels not seen since 2008…Stay safe and have a Happy Friday! “For […]
Where Do People Pay the Most in Property Taxes in 2022?
Where Do People Pay the Most in Property Taxes in 2022? The Tax Foundation says property taxes are the primary tool for financing local government as well as generating revenue in some states. In fact, they point out that, in FY 2020 alone, property taxes generated 32.2% of total state and local tax collections – […]
Zillow Says Home Values Decline for 2nd Month
Zillow Says Home Values Decline for 2nd Month A new report from Zillow says home values slipped for the 2nd consecutive month as mortgage costs continue to sideline buyers. Zillow says affordability is driving market momentum with low-cost markets remaining competitive. Their data show the typical home value fell 0.3% from July to August and […]
Delinquencies & Foreclosures Remain Near 20-Year Lows in June
Delinquencies & Foreclosures Remain Near 20-Year Lows in June According to the latest CoreLogic Loan Performance Insights Report, in June 2022, 2.9% of mortgages were delinquent by at least 30 days or more including those in foreclosure. This figure represents a 1.5-percentage point decrease in the overall delinquency rate compared with June 2021. CoreLogic says […]