New-home transactions roar to life with strongest sales pace in a year
A dip in mortgage rates and a backlog of empty homes helped power sales of newly constructed houses for the second-straight month in January, according to data from the US Census Bureau
by Ben Verde Feb 24
Opendoor's losses doubled in Q4 as the iBuyer's revenue fell 25%
The dominant iBuyer lost nearly $400M in the fourth quarter, according to an earnings call Thursday. That's better than the previous quarter, but a big jump from the same period in 2021
by Jim Dalrymple II Feb 23
Total market value for US homes drops $2.3T from June: Redfin
In its latest real estate market report, Redfin said the total market value for US homes dropped $2.3T from June to December 2022 — the largest 6-month drop since the Great Recession
by Marian McPherson Feb 22
'It's gonna be an interesting spring': Buyers, sellers seize on hot market
Buyers are navigating a stable housing market and making well-informed offers while sellers are leaning into a low-inventory environment, according to new data and agents who spoke to Inman
by Ben Verde Feb 22
Homebuyer demand cools to lowest level since 1995 as rates rebound
Demand for purchase loans down 18% week over week and 41% from a year ago as mortgage rates rise for the second week in a row to hit new 2023 highs, MBA survey shows
by Matt Carter Feb 22
'Modest' recession could put a lid on 2023 home sales: Fannie Mae
Economic downturn could put a damper on a promising start to the spring homebuying season, but set the stage for mortgage rates to ease and sales to rebound in 2024, Fannie Mae predicts
by Matt Carter Feb 22
Despite slow market, CoStar sees revenue and profit rise in Q4
The company's revenue jumped 13% year over year between October and December. CEO Andy Florance also promised Tuesday to continue CoStar's push into residential real estate
by Jim Dalrymple II Feb 21
Reimagining the housing choice voucher program
Opinion
By making minor adjustments to federal policy, an entirely new generation of children can enhance their chance to achieve better health and greater economic mobility
by David Piscatelli Feb 21
Costly housing spurred California's 500,000-person pandemic exit
The state's population exodus was second only to New York, which lost 15,000 more people. The sky-high cost of housing was the residents' primary reason for departure
by Lillian Dickerson Feb 21
Existing-home sales fell every single month in 2022, new NAR data shows
US existing-home sales slid 0.7% between December and January to a seasonally adjusted annual rate of 4M, according to new data released Tuesday by the National Association of Realtors
by Ben Verde Feb 21
Disparity in mortgage rates offered by lenders doubled in 2022: Study
Homebuyers can potentially save $600 to $1,200 a year by applying for a mortgage with multiple lenders, according to a new analysis released Thursday by mortgage giant Freddie Mac
by Matt Carter Feb 21
Gary Keller: It's a do-or-die housing market for real estate agents
In his State of the Housing Market address on Sunday, Keller Williams' co-founder Gary Keller explained how chaos will force agents to become better competitors — or be left behind
by Marian McPherson Feb 20
12 fun ways to flex your local expert muscles
Leverage your knowledge to build your business. Here are a few creative ways of being the local expert in your own unique way
by Rainy Hake Austin Feb 18
federal flood insurance lapse
Study led by economists at the Environmental Defense Fund identifies some surprising regions, such as Appalachia and northern New England, as overvaluation hotspots
by Matt Carter Feb 16
'My clients were flabbergasted': Cool markets heat up ahead of spring
Low inventory combined with pent-up homebuyers looking to make their dollars go further is already driving up competition this spring, real estate agents told Inman
by Ben Verde Feb 16
Redfin sees revenue fall, losses mount amid tough market in Q4
The portal and online brokerage saw revenue fall 25% year over year during the fourth quarter of 2022, and lost a total of $61.9M, according to an earnings call Thursday afternoon
by Jim Dalrymple II Feb 16