Inflation ticks up 0.6%, boosted by 'outsized' housing costs
The Consumer Price Index increased 0.6% in August, faster than the July rate of 0.2%, according to data released Wednesday by the Bureau of Labor Statistics
by Ben Verde Sep 13
2023 fall outlook: A cooler season roiled by homebuyer-seller friction
Commissions will take a hit from the seasonal real estate transaction fall-off. But unlike last year, home price growth may gain steam, according to an Intel analysis of housing market projections
by Daniel Houston Sep 13
The 2023 fall housing market won't look anything like the 2022 market
Windermere Real Estate Chief Economist Matthew Gardner revealed to Intel why an inventory surge in the fall of 2022 may have been a blip — and what that might mean for the housing market
by Daniel Houston Sep 13
Home values fell in 21 of the 50 largest US metros in August: Zillow
Home values are now 11.4% lower in Austin, Texas, than they were in Aug. 2022, Zillow said. Nationally, prices were up slightly from July to August, and there was a small inventory uptick
by Taylor Anderson Sep 13
Here's what you can do to mitigate the 'lock-in effect' for clients
Opinion
Current market conditions may have homeowners feeling trapped. Splitero CEO Michael Gifford shares a perspective shift to help you provide hope and flexibility
by Michael Gifford Sep 13
Skittish sellers, hungry buyers: How the Fed tanked housing
Goldman Sachs economist Michael Murdoch criticized the Federal Reserve's rate strategy at Ben Kinney Companies' BuiltHOW conference, sharing how upcoming policies may impact 2024
by Marian McPherson Sep 12
Rent remains near record highs, but the balance of power is shifting
At $2,052, the median monthly rent remains near its all-time high. But builders are wrapping up construction on thousands of new units, and rents could start falling soon
by Taylor Anderson Sep 12
Divvy Homes letting 95 employees go, including senior managers
The third round of layoffs in the last 12 months takes effect Nov. 7 and affects employees in 21 states, including Divvy's chief legal officer, vice president of compliance and head of design
by Matt Carter Sep 11
Consumer homebuying sentiment has plateaued at 'pessimistic'
Most Americans polled by Fannie Mae last month said they would rather buy than rent, but a record-high 82% also said August was a bad time to buy, citing affordability concerns
by Matt Carter Sep 8
New suit alleges Yardi rent-setting software violates antitrust law
A lawsuit filed by a renter in Seattle accuses property management software firm and major landlords of violating antitrust statutes through a product used to set rental rates
by Taylor Anderson Sep 8
Divvy stays mum as employees report a new round of layoffs
At least 7 former employees posted on LinkedIn Thursday to say they had been laid off from the rent-to-own company
by Ben Verde Sep 8
Is Anywhere's settlement the first domino to fall? The Download
This week: Anywhere has settled its portion of the bombshell commission lawsuit, so who's next?
by Christy Murdock Sep 8
'Affordability' is a dirty word in real estate. It's time for that to change
Opinion
Lack of affordable housing, rising home prices and soaring interest rates are making the dream of homeownership perilously unachievable, writes broker, coach and consultant Zak Shellhammer
by Zak Shellhammer Sep 7
Purchase loan applications once again at lowest level since 1995
Mortgage rates are climbing back toward 2023 highs as more inflation data comes in hot, spurring fears of another Federal Reserve rate hike in November and 'higher for longer' policy
by Matt Carter Sep 6
Bay Area homesellers cringe, with 1 in 8 losing money at closing table
Some 12.3% of San Francisco homesellers who sold their homes during the 3-month period ending July 31 lost money on the sale
by Ben Verde Sep 6
Alexandria could become second Virginia locale to 'upzone'
Alexandria, Virginia's fifth-largest city, is on the brink of banning single-family-only zoning. If the plan passes, legislators estimate it could add 66 new residential buildings to the city by 2033
by Marian McPherson Sep 6