Millennials and Gen Z have a plan for buying homes: Scratch and win
A majority of Americans born between 1981 and 2013 believe that, short of winning a big-ticket lottery, the likelihood of affording a home in the US is low, according to a new survey by Zillow
by Taylor Anderson Apr 19
Median home price tallies largest annual drop in more than a decade
Pandemic-era boomtowns and tech hubs fueled an annualized 3.3% drop, to $400,528, according to new data. 'There’s this fear that everything will crash,' reports one Redfin agent in Boise, Idaho
by Ben Verde Apr 19
The ‘Great Reshuffling’ is more complex than we realized
The dust has begun to settle from the great pandemic home-price boom and bust. An Intel deep-dive analysis sheds light on which markets have been hit hardest by falling prices — and why
by Daniel Houston Apr 19
Size matters: 4 traits guaranteed to make your penthouse stand tall
A 'penthouse' title alone isn't enough to get a seller top dollar anymore, according to a new report obtained exclusively by Inman from Jim St. André at Compass. Other factors play a key role, too
by Lillian Dickerson Apr 18
Listing shortages kept prices from falling in Q1: Fannie Mae
Mortgage giant's quarterly Home Price Index shows national home prices were up 1% during the first quarter of 2023 compared to the final 3 months of 2022
by Matt Carter Apr 18
New-home construction creeps upward from lower perch in March
Builders pushed forward with more single-family projects for the second month in a row, but remained far less active than in 2022, according to data issued Tuesday by the US Census Bureau
by Daniel Houston Apr 18
The top 5 most popular US neighborhoods for homebuyers
More homebuyers are looking at properties on Zillow in Northeast Dallas than in any other neighborhood, garnering an average of 36,113 daily views, according to a new report
by Ben Verde Apr 14
NYC rent soars to all-time high — and it's not done yet, analysts warn
The median rent in Manhattan climbed to a new high of an astounding $4,175 per month, according to Douglas Elliman and Miller Samuel's March 2023 New York City rental report
by Lillian Dickerson Apr 14
UWM says it's hiring as Bloomberg details alleged 'locker room culture'
The nation's biggest mortgage lender is planning to hire 500 people and is holding a job fair Saturday just days after Bloomberg expose of alleged drug use, discrimination and harassment
by Matt Carter Apr 13
The investor who predicted 2008 bubble warns of 'ominous' burst
Jerry Grantham, co-founder of the investment firm GMO, said this week he fears another bubble is about to burst, with the crisis that gripped the banking system in March just the beginning
by Ben Verde Apr 13
4 ways to help agents (re)adjust to a normal market
How the real estate agents in your brokerage respond to change is key. Don’t let it run you over. Make it work for you
by Thai Hung Nguyen Apr 13
Homebuyer mortgage demand perks up as rates retreat
Homebuyer demand for purchase loans up 8% last week even after adjusting for the expected seasonal boost from the spring homebuying season
by Matt Carter Apr 12
Housing costs remain stubbornly high despite relief on food, energy
The US Consumer Price Index cooled to 5% in March compared to a year ago, but remained elevated overall despite efforts to curb inflation, according to the Bureau of Labor Statistics
by Ben Verde Apr 12
Economic anxiety accelerated Q1 multifamily rent growth slump
Inflation and recession fears pushed renters away from higher-priced, amenity-rich developments as rent growth at the highest tiers slowed to 1.5% annually, according to a new CoStar analysis
by Marian McPherson Apr 11
Poll shows most Americans still think it's a bad time to buy
Fannie Mae survey shows sentiment ticked up slightly in March with consumers becoming more confident about homeselling conditions and less worried about losing their jobs
by Matt Carter Apr 10
Real estate adds fewer jobs in an otherwise strong US hiring month
The start of spring usually marks more brokerage transactions and ramped-up construction schedules. But payroll growth was weaker in March, according to Bureau of Labor Statistics data
by Daniel Houston Apr 7