Real Estate Markets & Economy
A debt default by the US government is unlikely, but if it were to transpire, the cost of a mortgage could increase by 22%, pushing rates to a peak above 8% in September, according to Zillow
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
Homebuyer applications for purchase mortgages rose 5% last week, but a strong jobs report and ongoing bank instability are pushing mortgage rates back up
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
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
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
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
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
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
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
The brokerage brought in a total of $957M in revenue and lost $150M. The results are something of a repeat from Q4 2022
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
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
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
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
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
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