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Jun 17, 2022
The Interest
U.S. Leading Economic Index Down

The index dropped in April, too.

Analysis and Data
Inflation & High Housing Expenses Affect Even The Wealthiest Americans

36% of U.S. employees earning $100,000 or more per year are living paycheck to paycheck.

Analysis and Data
RE/MAX: Closings In May Down Year-Over-Year as Inventory Grows

Closings in May 2022 were 8.5% lower than May 2021.

Analysis and Data
Bidding Wars For Homes Fall To 15-Month Low

Surging mortgage rates and home prices cited for fourth straight monthly decline in competition among buyers.

Analysis and Data
MBA: Mortgage Applications For New Home Purchases Fell 5% in May

Despite the decline, MBA raised its estimate for the annual rate of single-family home sales for the year, for the first time in 5 months.

Analysis and Data
A Grand, Expensive Scheme: House Flipper Pleads Guilty To Fraud

A Twin Cities house-flipper pleaded guilty on June 16 to defrauding real estate investors and soliciting more than $3 million.

Industry News
Redfin: Mortgage Rates Top 2008 Levels As Sellers Lower Their Prices

Redfin says the pool of homebuyers is dwindling as mortgage rates reach a record high.

Analysis and Data
Xactus Promotes Industry Veteran To Chief Data Officer

Michael Crockett Had Served As EVP Of Data Solutions

People On The Move
iBuying Is Not Circling The Drain

Surge in home prices is making the segment more profitable — even for departing Zillow

Tech
iBuying Is Not Circling The Drain
NMP