Numbers
Compass Finally Reveals Residential Numbers for 2021
After being excluded from RISMedia’s 34th Annual Power Broker Report for incorporating commercial transaction data in its reported totals for 2021, Compass has since submitted to RISMedia verified residential-only numbers for the year: 2021 residential sales volume: $ 251,019,336,511 2021 residential transactions: 224,067 Number of offices: 501 Number of agents: 26,257 Compass had previously submitted […]
Refinancing Numbers Responded Quickly to Adverse Fee Removal
In its latest Mortgage Monitor, Black Knight analyzes the impact the elimination of the 50 basis point adverse market fee from the cost of Fannie Mae and Freddie Mac (the GSEs) refinances. The Federal Housing Finance Agency (FHFA) removed the fee, originally scheduled to go into effect on September 1, 2020 to cover some of […]
Expirations Help Forbearance Numbers; Rates Under Pressure Despite Weak Jobs Report
Economic data is traditionally one of the key contributors to interest rate movement. Of the regularly-scheduled reports, none has more market-moving street cred than The Employment Situation–otherwise known as “the jobs report” or simply NFP (due to its headline component: Non-Farm Payrolls). The relationship between econ data and rates can wax and wane. Covid definitely […]
Residential Spending Continues to Lead Construction Numbers
Total spending on construction projects in the U.S. rose 0.9 percent in November compared to October. The U.S. Census Bureau estimated that the seasonally adjusted annual spending on all types of construction was $ 1.459 trillion during the month compared to $ 1.447 trillion the prior month, an 0.9 percent increase. The rate was up […]