Share of homebuyers looking to move cities hits new high
Homebuyers have been dropping out of the market. Of the ones who are still in, more are eyeing a cross-city relocation, Redfin data suggests
by Daniel Houston Aug 23
Home sales will bottom out in 2023, analysts forecast. But then what?
MBA forecasters expect rates to ease and sales to rise next year, but Fannie Mae economists predict home sales will remain subdued even if the Fed pulls off a soft landing
by Matt Carter Aug 23
Homebuyer mortgage demand falls to lowest level since 1995
As mortgage rates hit new post-pandemic highs on inflation worries, MBA survey finds purchase loan demand down 5% week over week and 30% from a year ago
by Matt Carter Aug 23
Fueled by deals, new-home sales soar to highest level in 17 months
New-home sales rose 4.4% in July to an adjusted annual rate of 714,000 as the supply of existing homes continues to drop, according to data released Wednesday by the US Census Bureau
by Ben Verde Aug 23
The Fed, the market and memories of the global financial crisis
Opinion
While naysayers and doomsdayers compare today's real estate market to 2008, the numbers tell a very different economic story
by Chris Drayer Aug 23
13K NYC rent-stabilized units have been vacant since 2021: Study
NYC's Independent Budget Office's study found 13,362 rent-stabilized units have been empty at least 2 years, saying it's 'impossible' to know if landlords are justifiably keeping them unrented
by Marian McPherson Aug 22
Existing-home sales fall in July as low inventory, high rates take toll
Weighed down by low inventory and high mortgage rates, existing-home sales fell in July, to 4.07M — or 16.6% lower than a year earlier, according to data from the National Association of Realtors
by Ben Verde Aug 22
An economist's take on housing prices, affordability, opportunity
Opinion
Windermere Chief Economist Matthew Gardner looks at the latest numbers and the markets that still offer affordable options
by Matthew Gardner Aug 21
Compass' cash burn situation shows signs of improvement
Compass was caught flat-footed last year when the market changed, but it executed a necessary turnaround to sustainability
by Mike DelPrete Aug 21
'An awakening' to New Hampshire as luxury second-home destination
The pandemic first started opening luxury buyers' eyes to New Hampshire's second-home market opportunities, and now more and more ultra-luxury buyers are catching on
by Lillian Dickerson Aug 18
Controversial Florida foreign buyer ban survives 1st major court battle
US District Judge Allen Winsor denied a request by plaintiffs to stop the state from enforcing the law because it is based on citizenship, not race, so does not violate the Constitution, fair housing
by Lillian Dickerson Aug 18
How to counteract Gary Keller's latest recession prediction
In opening remarks at Keller Williams' Agent Mega Camp, Gary Keller predicted a 'rolling recession' in 2024. What is it and what does it mean for you and your clients?
by Christy Murdock Aug 18
Redfin CEO says housing sales volume has hit 'rock bottom'
Redfin CEO Glenn Kelman on Wednesday told MarketWatch that current transaction levels — sustained primarily by people who absolutely need to move — are about as low as they ever get
by Daniel Houston Aug 18
Q2 2023 earnings roundup: A shift away from growth at all costs
Real estate companies and related industries faced down the down market by cutting costs to offset declines in revenue
by Christy Murdock Aug 17
Mortgage rate surpasses 7% in new 2023 high as demand falls again
Even after adjusting for seasonal factors, applications for purchase loans fell for the 5th-straight week as mixed inflation data raised doubts Fed will ease, pushing mortgage rates to new high
by Matt Carter Aug 16
Texas, Florida buyers are trading civil rights for affordability: Redfin
Residents in Florida and Texas would rather live in states with abortion care and LGBTQ rights, but affordability worries force them to stay in their current states, according to a new Redfin survey
by Marian McPherson Aug 16