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New Residential Construction Trends Down Almost 10% in January

USA Real Estate News-RISMedia - Wed, 2025-02-19 12:35

This year kicked off with a downturn in construction—seasonally adjusted, there were only 1,366,000 privately-owned housing starts in January, 9.8% lower than the number of starts from December 2024.  These numbers come courtesy of the latest report from the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau. The January 2025…

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Compass Q4: Revenues and Agent Count Up, Losses Trimmed, CEO Bullish

USA Real Estate News-RISMedia - Wed, 2025-02-19 12:32

In a Q4 and full year 2024 earnings call February 18, Compass—the tech-focused real estate services company that trumpets itself as the largest residential real estate brokerage in the U.S. by sales volume—announced strong Q4 results, a lessening of year-over-year losses and impressive agent-count growth. “Despite a year in which resale transactions experienced a 29-year…

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Housing starts decline in January as homebuilder uncertainty rises

USA Real Estate News-Inman - Wed, 2025-02-19 12:22
Multifamily housing starts fell 9.8 percent, reaching a seasonally adjusted rate of 1,366,000, while single-family housing starts fell 8.4 percent month over month, according to data released Wednesday.

Rocket Mortgage Launches RocketRentRewards

USA Real Estate News-RISMedia - Wed, 2025-02-19 11:43

Rocket Mortgage has announced the introduction of RocketRentRewards, a program to provide closing cost credits for renters. The offer allows homebuyers with a Rocket mortgage to earn 10% back on the last 12 months of rental payments, receiving up to $5,000 in lender credits toward closing costs, a press release stated. With the national average…

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Mortgage, Refinance Applications Dip to Lowest Level This Year

USA Real Estate News-RISMedia - Wed, 2025-02-19 11:18

On the heels of this month’s Consumer Price Index (CPI) data, a main measure of inflation, rising for the fourth consecutive month, this week’s mortgage application data  reversed course from its recent run of increases.  According to the latest Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA), home purchase applications for the week ending…

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