Homes could get more affordable even if prices don't come down
Homebuyer affordability could improve by 9% by the end of next year if mortgage rates continue to fall and home prices plateau as expected, First American economist predicts
by Matt Carter Dec 27
Home prices fall again as real estate analysts eye a 'correction' in 2023
National home prices tallied a 0.5% monthly decrease between September and October, according to data released Tuesday by real estate analytics provider CoreLogic
by Ben Verde Dec 27
Why 'mastering the mundane' is essential in multifamily real estate
Satisfying renters is the North Star in the multifamily sector. That is the mundane matter that must be mastered
by Michael Zaransky Dec 27
Monthly payments drop $300 and some homebuyers wade back in
As home price growth has slowed, mortgage payments have decreased and days on market have risen, homebuyers dip their toes back into the market, according to a new report from Redfin
by Lillian Dickerson Dec 23
New-home sales continue modest rise — but market 'lull' lies ahead
New-home sales rose 5.8% to a seasonally adjusted rate of 640,000, according to data released Friday by the US Census Bureau and Department of Housing and Urban Development
by Ben Verde Dec 23
Sink or swim? That's up to the agents
Opinion
Ask your agents whether they believe your brokerage is a value-added commodity for them, or if your competitors look equally attractive
by John Aaroe Dec 23
Sales plunge 35% in November, marking biggest decline on record
Home sales posted their biggest annual decline since Redfin started tracking the metric in 2012
by Ben Verde Dec 22
This tiny Midwestern village was Zillow's most-searched city of 2022
Prairie Village, Kansas, on the Kansas-Missouri state line, was Zillow's most popular housing market in 2022, drawing high traffic and leading the site for daily page views, the portal revealed
by Ben Verde Dec 22
Existing-home sales drop in November as median prices inch up
Sales of existing homes in November fell 7.7% to a seasonally adjusted annual rate of 4.09M, according to data released Wednesday by the National Association of Realtors
by Ben Verde Dec 21
Bah humbug! Mortgage rates fall, but holidays curtail buyer demand
It's a slow time of year for homebuying, so it's not surprising to Mortgage Bankers Association Chief Economist Mike Fratantoni that purchase applications didn't jump last week
by Matt Carter Dec 21
Cheers! 23 resolutions, unpopular opinions and hard truths for 2023
Opinion
We are rolling into a new year whether you are ready or not. Here are 23 resolutions, unpopular opinions and hard truths that just might change your business in 2023
by Rachael Hite Dec 21
Home under construction
Housing starts fell 0.5% below October levels, to a seasonally adjusted rate of 1.43M, while completions rose 10.8% month over month, according to US Census Bureau data issued Tuesday
by Ben Verde Dec 20
Improved mortgage rate outlook could bode well for home sales
Fannie Mae economists not quite as gloomy about 2023 home sales outlook as mortgage rates retreat from 2022 highs and with potentially more room to ease
by Matt Carter Dec 19
It's official: 2022 shows homebuilder sentiment declines for every month
While December's data represented the 12th straight decrease in homebuilder sentiment, there is a 'silver lining.' The average price reduction was 8 percent, up from 5 or 6 percent, report says
by Ben Verde Dec 19
Real estate in 2022: When the #@!$ finally hit the fan
Soaring mortgage rates, slagging sales, thousands and thousands of layoffs: The past 12 months have offered a jarring reminder that what goes up must come down
by Jim Dalrymple II Dec 19
8 tips for becoming the go-to expert in your market
Being an expert in your market takes worth, but it's worth it. Make 2023 your opportunity to grow your expertise and your business
by Darryl Davis Dec 19