High Point Market Opens Fall Design Influencers Tour Submission Form

High Point Market Opens Fall Design Influencers Tour Submission Form

Furniture World News Desk on 7/25/2022   The High Point Market Authority (HPMA) opens its Fall 2022 submission form for the biannual Design Influencers Tour at High Point Market, organized in partnership with Esteem Media.  To participate in the Fall Market tour, design-focused influencers in the digital space may apply

New Construction Falls in June as Higher Prices, Mortgage Rates Hit Housing Market | Economy

New Construction Falls in June as Higher Prices, Mortgage Rates Hit Housing Market | Economy

New home construction slumped in June as both housing permits and new home starts fell from May levels, the Census Bureau and the Department of Housing and Urban Development reported on Tuesday. Permits came in at 1.685 million, down 0.6% from the revised May reading of 1.695 million while starts fell 2% to 1.559 million,

New Home Construction Keeps Sinking As Housing Market Demand ‘Quickly’ Dries Up

New Home Construction Keeps Sinking As Housing Market Demand ‘Quickly’ Dries Up

Topline New housing starts unexpectedly plunged more than economists projected in June as home builders grappled with the effects of rising interest rates curbing demand for new homes, according to data released Tuesday, adding to signs of an abrupt turnaround in the booming housing market. Plummeting mortgage applications suggest construction of single-family homes could crater

Seattle-based Redfin to lay off hundreds as housing market cools

Seattle-based Redfin to lay off hundreds as housing market cools

The cooling housing market is catching up with Seattle’s real-estate tech companies. With fewer people buying homes, the listing site and brokerage Redfin said Tuesday it would lay off nearly 500 employees.  “We don’t have enough work for our agents and support staff, and fewer sales leaves us with less money for headquarters projects,” CEO

Real estate firms Compass and Redfin announce layoffs as housing market slows

Real estate firms Compass and Redfin announce layoffs as housing market slows

Real estate firms Redfin and Compass are laying off workers, as mortgage rates rise sharply and home sales drop. In filings with the Securities and Exchange Commission, Compass announced a 10% cut to its workforce, and Redfin announced an 8% cut. Shares of both companies fell Tuesday. Redfin’s stock touched a new 52-week low. Rising

Dallas-Based Real Estate Investment Office Continues to Infiltrate St. Louis Market

Dallas-Based Real Estate Investment Office Continues to Infiltrate St. Louis Market

Sealy & Company Acquires Five-Building Industrial Portfolio DALLAS, September 08, 2021–(BUSINESS WIRE)–Sealy & Company, a fully-integrated commercial real estate investment and operating company and recognized leader in the industrial real estate market, announces the acquisition of a five-building industrial real estate portfolio in St. Louis, Missouri, totaling 554,007 square feet. The transaction was made for

Zillow rides booming real estate market to 70% revenue growth

Zillow rides booming real estate market to 70% revenue growth

Villere and Company portfolio manager Sandy Villere on the state of the economy impacting how to best allocate capital. The booming real estate market propelled Zillow Group Inc. to a whopping 70% year-over-year increase in revenue on the quarter. The U.S.’s largest real estate site’s total revenue was $1.3 billion, up from $768.4 million a

M mansion sale reflects hot Hawaii real estate market

$45M mansion sale reflects hot Hawaii real estate market

Craig Reed discusses increased demand in post-pandemic leisure travel. A San Francisco investment banker recently sold his Maui mansion to a retired hedge fund CEO and a Hollywood actress for $45 million. The cash sale of the oceanfront house in Kihei reflects a hot Hawaii real estate market fueled by a pandemic that has made

Red-hot real estate market doesn’t need more agents, experts say

Red-hot real estate market doesn’t need more agents, experts say

Check out what’s clicking on FoxBusiness.com. The coronavirus pandemic has pushed a surge of potential homebuyers into the housing market, many of whom desire more space and want to capitalize on historically low mortgage rates.  Still, this doesn’t mean the industry needs more agents, according to some experts.  The “low supply of homes and high