Real Estate Roundup – July 21, 2017
Get the insider’s angle on the industry’s latest happenings in this week’s Real Estate Roundup.
This Year Will Probably Be the Biggest Year for Homebuilders in a Decade
According to experts, the growing imbalance between the number of homes for sale and the demand allowed builders to construct more homes. The need to balance the growing demand for housing with a dwindling supply coupled with a strong economy has given builders an opportunity to break ground and build more homes.
Mortgage Applications Jump 6.3 Percent as Borrowers Rush to Refinance
Refinance applications surged 13 percent last week, even as mortgage rates remained steady. The volume for mortgage applications also rose 6.3 percent last week.
Foreigners Are Buying US Residential Real Estate at a Record Clip
Foreign investment in US residential real estate hit a new high this year, which was driven by an increase in sales dollar volume from Canadian buyers.
Amazon to Take On Zillow, Redfin with New Real Estate Referral Feature?
Amazon has disrupted the brick-and-mortar market with its physical bookstores and drive-up convenience stores. The e-commerce behemoth is now looking to enter the residential referral business.
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