Ralph   Morfin

Ralph Morfin

Real Estate Agent

License #: DRE # 02112070

eXp Realty of California, Inc

Mobile:
562-322-6185
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Home Sales Plummeting Across Price Points, Regions

USA Real Estate News-RISMedia - Thu, 2022-08-18 14:03

Builders and consumers are seemingly retreating in a “housing recession,” though some indicators remain positive.

The post Home Sales Plummeting Across Price Points, Regions appeared first on RISMedia.

Leading Data Still Points to ‘Mild’ Recession

USA Real Estate News-RISMedia - Thu, 2022-08-18 14:02

Non-profit economic think tank The Conference Board saw its Leading Economic Index (LEI) fall for the fifth month in July as recession risks remain a clear danger to the country heading into the fall. The LEI, which relies on a broad swath of big-picture macroeconomic metrics including manufacturing orders, housing permits and stock prices, fell…

The post Leading Data Still Points to ‘Mild’ Recession appeared first on RISMedia.

Mortgage Rates Revert from Last Week

USA Real Estate News-RISMedia - Thu, 2022-08-18 14:01

The 30-year fixed-rate mortgage (FRM) changed course again this week, averaging 5.13%, down from 5.22%, according to the latest Primary Mortgage Market Survey® (PMMS®) released by Freddie Mac today. Key highlights: 30-year fixed-rate mortgage averaged 5.13% with an average 0.8 point as of August 18, 2022, down from last week when it averaged 5.22%. A…

The post Mortgage Rates Revert from Last Week appeared first on RISMedia.

Mortgage Applications Change Course After 2 Weeks of Increases

USA Real Estate News-RISMedia - Thu, 2022-08-18 14:00

After two weeks of increases, mortgage applications changed course this week, decreasing 2.3% from one week earlier, according to the latest Weekly Mortgage Applications Survey from the Mortgage Bankers Association’s (MBA) for the week ending August 12, 2022. Key findings: The Market Composite Index, a measure of mortgage loan application volume, decreased 2.3% on a…

The post Mortgage Applications Change Course After 2 Weeks of Increases appeared first on RISMedia.

Leading Brown Harris Stevens team moves to Douglas Elliman

USA Real Estate News-Inman - Thu, 2022-08-18 14:00
Jonathan Stein's team was ranked BHS's No. 1 Flatiron office real estate team in 2021, bringing in over $100 million in closed or pending contracts that year.

Top-producing LGBTQ+ Real Estate Alliance members earned $4.85B

USA Real Estate News-Inman - Thu, 2022-08-18 13:04
The second annual Top Producers list honors 325 agents and team leaders who raked in $4.85 billion in 2021, alone, reflecting the growing influence of LGBTQ+ agents in the industry, the Alliance says.

Existing home sales drop for 6th straight month: ‘Not a recession’

USA Real Estate News-Inman - Thu, 2022-08-18 12:20
"Inventory remains tight and prices continue to rise nationally with nearly 40 percent of homes still commanding the full list price," said NAR's Chief Economist Lawrence Yun.

7 warning signs your business is in jeopardy

USA Real Estate News-Inman - Thu, 2022-08-18 11:36
We all develop bad habits and blind spots that undermine our accomplishments, writes Jimmy Burgess. Here's how to identify them before they take a toll on your success.
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