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HomeRemote Work

Remote Work

Remote work
Top News

Remote work brings down rents, office real estate value in major cities

July 13, 2023 Mark Paul Cervantes Comments Off on Remote work brings down rents, office real estate value in major cities

Remote work risks wiping $800 billion from the value of office buildings in major cities, highlighting the potential losses that landlords are facing from post-pandemic changes in employment trends. COVID-19’s push toward hybrid work has […]

Zillow's
Home Values

Zillow’s Most Popular Markets of Early 2022: Pricey Suburbs Top the List

June 6, 2022 Mariel Alumit Comments Off on Zillow’s Most Popular Markets of Early 2022: Pricey Suburbs Top the List

Zillow’s most popular market so far this year is Woodinville, Washington. Burke, Virginia and Highlands Ranch, Colorado round out the top three. Every city in Zillow’s latest 10-most-popular-markets list is a suburban area roughly 30 […]

Zillow
Home Values

Suburbs Remain Popular For Homebuyers

May 24, 2022 Mariel Alumit Comments Off on Suburbs Remain Popular For Homebuyers

It’s all due to the ongoing appeal of remote work The most popular market in the United States this year, says online real estate brokerage firm Zillow, is a suburb outside of Seattle, Woodinville, where […]

Housing Price Increase
Home Values

Study: Half Of Housing Price Increase Driven By Shift To Remote Work

May 23, 2022 Mariel Alumit Comments Off on Study: Half Of Housing Price Increase Driven By Shift To Remote Work

NBER working paper estimates that every percentage-point increase in remote work causes a 0.93% increase in house prices. KEY TAKEAWAYS The report notes that housing prices nationwide rose 23.8% from December 2019 to November 2021, […]

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U.S. Market

Rocket
Housing Wire

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off on Rocket lost money last year, so why are its shares up?

​ Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

delinquency rates
Housing Wire

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off on Industry experts are closely watching delinquency rates, insurance costs

​ Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs
Economy

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off on Jobs data sends mortgage rates higher

​ Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]

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