Cash is still king as Florida agents navigate 'wonkiest market' in years
As the summer housing market in Florida heats up, homebuyers and sellers are discovering a tale of 2 markets that offers opportunities for luxury buyers — and next to nothing for everyone else
by Marian McPherson Jul 14
Demand for urban homes will be 'muted' for years: McKinsey
Consulting firm McKinsey & Company has found that pandemic-induced hybrid work is here to stay, for better or worse, ensuring permanent consequences for real estate agents in larger cities
by Jim Dalrymple II Jul 13
In 5 months, homebuyers have lost $30K in purchasing power
It doesn't matter that there are fewer buyers to compete against. Rising mortgage rates and depleted inventory continue to erode options, according to new Redfin data released Thursday
by Daniel Houston Jul 13
Let's help legacy property owners fight unfair development
Opinion
There's a desperate need for more housing inventory in the country, but that doesn't give developers unlimited rights
by Lee Davenport Jul 13
How smart cities are poised to transform our lives for the better
Opinion
Smart cities have the potential to fundamentally change our lives. This potential will only continue to develop and create a brighter future for all
by Avi Philipson Jul 13
3 years after lockdown, foreclosed homes remain rare but on the rise
Foreclosures are still affecting a tiny slice of the nation's home inventory. Here are the markets where you're most likely to find one, according to a new report from Attom
by Daniel Houston Jul 12
US rent hits just shy of all-time record high: Report
Despite having cooled for more than a year, the median asking rent in the US remained just $24 below its all-time high as of June 2023, Redfin reported
by Lillian Dickerson Jul 12
Mortgage rates may have already peaked as inflation cools
While investors expect 1 more Fed rate hike this month, mortgage rates are already retreating on expectations that the Federal Reserve could reverse course next year
by Matt Carter Jul 12
Home value hits all-time high in June as owners cling to low rates
Typical home value breached $350,000 for 1st time in June, a new peak in typical values according to a report by Zillow. Redfin shows nearly 92% of homeowners have a mortgage rate below 6%
by Ben Verde Jul 12
Lone Star lawmakers pass 'largest property tax cut in Texas history'
The deal raises the amount homeowners can exempt from the taxable value of their properties from $40,000 to $100,000, ensuring Texas will remain among the fastest growing states in the US
by Jim Dalrymple II Jul 12
Inflation drops steeply in June to lowest level in more than 2 years
Housing costs were again the largest contributor to inflation, accounting for more than 70% of the annual increase of the Consumer Price Index, according to new Bureau of Labor Statistics data
by Ben Verde Jul 12
Real estate agents tallied double-digit sales volume gains in 2022
Despite inventory hitting a 23-year low, the average Realtor ended last year on a solid note, according to the National Association of Realtors’ latest Member Profile survey, released Tuesday
by Marian McPherson Jul 12
US home price growth plunges to lowest level in more than a decade
Annual home price growth fell below 2% for the first time since 2012 as high prices and mortgage rates continued to inhibit buyers and sellers, according to data released Tuesday by CoreLogic
by Ben Verde Jul 11
'Marginal agents' with fewer sales now claim quarter of commissions
Agents with 5 or fewer sales a year took in an estimated 25-30% of all commission income in 3 disparate markets, according to an analysis of MLS data by the Consumer Federation of America
by Andrea V. Brambila Jul 10
Knock Home Swap
Consumer confidence in the housing market 'appears to have plateaued at a relatively low level,' said Fannie Mae Chief Economist Doug Duncan in a new homeowner survey released on Friday
by Matt Carter Jul 7
Builder hiring ramps up while real estate brokerages keep pace
Builders and residential contractors added nearly 60,000 jobs in June — about 11,000 more than expected for this time of year, according to data released Friday by the Bureau of Labor Statistics
by Daniel Houston Jul 7