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Daily market update: January 31, 2017

We’ll add more market news briefs throughout the day. Check back to read the latest. Attom Data Solutions ‘Best Month To Buy A Home’ Report: Buyers get, on average, a 6.1 percent discount in February. January, March and April are the next-best months in which to buy.   Mortgage rates: 30-Year Fixed Rate Mortgage Rates […]

Airbnb makes its first profit — ever

There is a season to sow and a season to reap — and after sowing for a little over eight years, Airbnb is finally reaping the benefits of its hard work. In the second half of 2016, Airbnb became profitable for the first time — a feat that Uber has yet to reach. According to a report […]

Pending home sales close 2016 slightly up from 2015

While the National Association of Realtors’ Existing-Home Sales Report signaled an “autumn revival” last fall, the Pending Home Sales Index (PHSI) painted a bit of a different picture, with rollercoaster indices that took a sharp turn downward in November thanks to continuing inventory problems and increasing mortgage rates. Thankfully, the latest PHSI have ticked slightly upward — a […]

Fannie Mae takes step that may fuel single-family rental growth

The government has begun subsidizing the institutionalized single-family rental market, signaling an endorsement of Wall Street’s buy-to-rent housing bet as homeownership lags … Source: click here

Why this expert has high hopes for President Trump

Larry Kudlow — who’s worked for the Federal Reserve, the Reagan administration and has hosted his own television show — spoke at Inman Connect New York to discuss what he thinks we can expect from the new administration … Source: click here

Separate work and personal calls with iPlum business phone line

iPlum is an app that creates a second phone line on the Android or iOS device you already use … Source: click here

4 solar panel pitfalls I’ve faced with real estate clients

As Realtors, we are often asked if people should install solar panels. There is no question that the addition of solar panels is on the rise. According to the Solar Energy Industries Association, “In 2015, California installed 3,266 MW of … Source: click here

Agent/broker perspective: Refereeing team and partner disputes

This month’s situation: A successful longtime partnership is coming apart, and the broker is caught in the middle … Source: click here

Gridics: A property search tool for real estate agents and homebuyers

Some real estate agents try to pull off a challenging feat after they connect with homebuyers: tugging them off listing portals onto agent-centric search tools. This way, they can reduce the chances that customers will fall in love with potentially outdated listings or wander into the arms of a competitor … Source: click here

Why Compass condemns the executive order on immigration

I was deeply concerned on Friday evening when I learned of the executive order to suspend the travel of refugees to the United States and blocking entry for citizens from seven predominantly Muslim countries. I believe this was a dangerously misguided and fundamentally un-American decision. On Saturday, I was inspired to watch as people from […]

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