Inflation rises during April but continues to cool
The all items index increased 4.9% for the 12 months ending April, the smallest 12-month increase since the period ending April 2021, according to the Consumer Price Index Summary
by Ben Verde May 10
Mortgage applications surged last week but rates are climbing again
Homebuyer applications for purchase mortgages rose 5% last week, but a strong jobs report and ongoing bank instability are pushing mortgage rates back up
by Matt Carter May 10
The seller's market is roaring back as buyers vie for limited inventory
A 'drought' of new listings is driving up prices, reversing the sluggishness of late 2022, and forcing buyers to compete fiercely for homes, according to a new analysis from Zillow
by Jim Dalrymple II May 10
Are you in a seller's market or a buyer's market? Take Inman's quiz
Are homebuyers asking for concessions? Are bidding wars ubiquitous in your market? Answer a few simple questions to determine if your area favors homebuyers or sellers this spring
by Jim Dalrymple II May 10
The markets real estate investors are fleeing amid the housing slump
Despite economic turmoil, investors large and small are still a force to be reckoned with in the housing market. Intel broke down the cities they've soured on — and the ones they just can't quit
by Daniel Houston May 10
How to answer buyers’ top 10 most-asked mortgage questions
Agents should be prepared to answer their buyer's mortgage questions, including types of mortgages, lender guidelines, preapproval vs. prequalification and the closing process in the area
by Bernice Ross May 10
Overspending? Here’s how real estate agents can rein it in
Overspending is a challenge that almost every real estate agent has to face. However, with the right strategies in place, you can rein in your spending and significantly grow your profits
by Darryl Davis May 10
Matterport Q1 revenue jumps as subscribers unexpectedly grow
The company previously thought subscriber numbers would be flat in Q1, but ultimately they ended up jumping 37% year over year, according to a quarterly earnings call Tuesday
by Craig C. Rowe May 9
NAR chief economist: 'The Fed made a mistake'
At the Realtors Legislative Meetings' Residential Economic Issues and Trends Forum, Lawrence Yun predicted total home sales would bottom out this year before ticking up in 2024
Compass revenue drops in Q1, but losses continue improvement
The brokerage brought in a total of $957M in revenue and lost $150M. The results are something of a repeat from Q4 2022
by Jim Dalrymple II May 9
Soaring spring home prices are very real — and widespread: NAR
For now, a seasonal surge in home activity has arrested falling prices in most US markets, according to Q1 metro home price data released Tuesday by the National Association of Realtors
by Daniel Houston May 9
WeWork takes bite out of losses as debt overhaul starts to pay off in Q1
The coworking behemoth posted a net loss of $299M in the first quarter, a $205M improvement from a year earlier, according to Q1 earnings data released Tuesday morning
by Ben Verde May 9
Opendoor CEO Carrie Wheeler on Q1 earnings and the iBuyer's future
The chief executive of the largest iBuyer spoke to Inman about Opendoor's first-quarter earnings on Thursday — and expectations that the company is turning a corner after a rough 2022
by Jim Dalrymple II May 5
What layoffs? Most of real estate industry is ramping up, data shows
Employers posted another hot hiring month as the spring housing market picked up, exceeding strong overall numbers, according to data released Friday by the US Bureau of Labor Statistics
by Daniel Houston May 5
RE/MAX revenue, US agent count, continue to drop in Q1
Total revenue dropped 6.2% year over year and US agent count fell 5.4%, according to earnings data released Thursday as the real estate brokerage continues to wrestle with a shifting market
Opendoor avoids epic 2022 losses in Q1, but revenue remains down
The iBuying giant saw revenue dip 39% year over year at the beginning of 2023, according to a Q1 earnings call Thursday. It also sold and bought fewer homes compared to the beginning of 2022
by Jim Dalrymple II May 4