Half of homes on market are selling within 2 weeks, marking 1-year high
While homeowners are staying put out of reluctance to lock in higher mortgage rates, the few homes on the market are drawing competition, according to a report released Friday by Redfin
by Ben Verde Apr 28
Agent encounter with prowler amid digital home showing goes viral
Billings, Montana, real estate agent Alyssa Webb was taking a cellphone video of the vacant home during a tour with clients when she turned a corner and came face to face with the vagrant
by Ben Verde Apr 28
It's getting harder to make money on a home sale: ATTOM
A report out Thursday shows that profit margins on home sales have fallen dramatically since their high points last year. In Q1 2023, the profit margin on a median-priced US home was 44.2%
by Jim Dalrymple II Apr 27
Impac Mortgage kicked off of NYSE American exchange, shares plunge
Non-QM lender has kept the doors open by slashing costs and repositioning its retail consumer direct channel, CashCall Mortgage, to be a mortgage broker
by Matt Carter Apr 27
CEOs of the nation’s largest MLSs converge to shore up rental market
Formed by RentSpree, the 'Rental Industry Leadership Board' includes heads of the California Regional MLS, Bright, Beaches and more amid a continued push for Realtors to focus on rentals
by Taylor Anderson Apr 27
The Bronx's Fieldston emerges as 1 of NYC's priciest neighborhoods
In an unexpected twist, the Bronx neighborhood saw the median property value increase a stunning 149% year over year, bumping it into NYC's 50 priciest 'hoods for the first time in Q1
by Lillian Dickerson Apr 27
AI technologies and luxury market trends: What agents should know
Now streaming: Watch David Friedman and Kent Czechowski as they dive into new trends being seen in the luxury space and how the integration of AI tech will impact the real estate industry
by Claire Buzzanca Apr 27
Housing drags down US economy for second-straight quarter in Q1
Consumer spending remained high while the broader economy slowed, growing just 1.1% in the first 3 months of 2023, according to data released Thursday by US Bureau of Economic Analysis
by Taylor Anderson Apr 27
Pending home sales end 3-month streak of upticks in dismal March
The Pending Home Sales Index dropped by 5.2% in March to a reading of 78.9 — 23.2% lower than March 2022 levels, according to data released by the National Association of Realtors
by Ben Verde Apr 27
Homebuyer demand for purchase mortgages up despite higher rates
Mortgage rates are expected to ease as markets anticipate Federal Reserve policymakers will raise rates just 1 more time this year and then reverse course
by Matt Carter Apr 26
What the latest Fed survey data tells us about consumer psyches
Opinion
Take a look at the latest SCE Housing Survey which offers a detailed look at consumers’ psyche in regard to the housing market
by Matthew Gardner Apr 26
CoStar Group bucks sluggish market as revenue jumps 13% in Q1
The company, which in recent years has been making inroads into the residential space, reported that both Homes.com and Apartments.com saw significant growth in the first quarter of 2023
by Jim Dalrymple II Apr 25
Home prices have stopped falling. But is it a reversal or a blip?
Two widely cited home price measures confirm that the price drops halted in the early weeks of 2023. But downward pressure on prices remains
by Daniel Houston Apr 25
New-home sales soar to 1-year high in March as purchases leap 9.6%
The strong monthly uptick in sales marked the fourth-straight month of increases as homebuyers eased back into the market and adjust to higher mortgage rates, according to new Census data
by Lillian Dickerson Apr 25
Home sales will be 'subdued' for rest of 2023, Fannie Mae projects
The housing sector's resilience to higher prices and mortgage rates has bolstered prices, but a lack of for-sale inventory is expected to limit sales, according to Fannie's latest monthly forecast
by Matt Carter Apr 25
WATCH: Vaquero Capital's Dominic Chan on the future of proptech
This week, tune in to hear from proptech power player Dominic Chan, as he breaks down the impact of proptech on the industry and the benefits it offers in today’s economy
by Claire Buzzanca Apr 24