Most homebuyers forking out big bucks to buy down mortgage rate
While mortgage rates have eased and home prices have fallen in many markets, affordability still has a 'stranglehold on much of the market,' according to research released by Black Knight
by Matt Carter Feb 7
Buyers on a $2,500 budget can now afford a $400,000 home
Things are looking up for homebuyers on a budget as mortgage rates fall from their 20-year highs, according to a report published Thursday by Redfin
by Ben Verde Feb 3
Mass rounds of real estate layoffs still the exception, not the norm
Despite big rounds of layoffs by companies like Compass and Anywhere, payrolls throughout the real estate industry held firm in January, according to new US Bureau of Labor Statistics' report
by Daniel Houston Feb 3
Fueled by new wealth, 'ultra-luxury' real estate tallies big year in 2022
Sales of homes valued at $10M or more in newly emerged or reemerging markets helped propel transactions in that sector beyond pre-pandemic levels in 2022 while falling short of 2021 levels
Real estate agents of TikTok say a big market shift is afoot
All across the country, real estate agents are posting positive signs of change from the trenches and revealing they're suddenly dealing with packed open houses and intensifying bidding wars
by Jim Dalrymple II Feb 1
Mortgage rates may ease as modest Fed rate hike could be its last
Fed Chair Jerome Powell is telegraphing one more small adjustment in March, but some bond market investors think rate hike campaign may now be over
by Matt Carter Feb 1
Home showings dip in December, but slowdown may be easing
Showings were way down year over year but only dipped a little bit month over month, according to a new report from ShowingTime. They remain up compared to pre-pandemic levels
by Jim Dalrymple II Feb 1
The ownership revolution, dominating Instagram and understanding the consumer
3 new expert-led classes available right now with Inman Access covering the latest industry news, social media opportunities and learning what consumers really want in today's market
by Inman Feb 1
5 secrets behind my best sales year yet, despite the market slowdown
No matter what the market renders, there are key actions we can take as Realtors that’ll improve our business
by Mary Bonham Jan 31
US home prices slip for fifth month as market bottom comes into view
The Case-Schiller index posted a 7.7% annual gain in home prices — down from a 9.2% gain in October — while the FHFA index showed a 0.1% decline in prices between October and November
by Ben Verde Jan 31
Pool of agents working in LA shrunk amid slowdown last year: Analysis
The number of active real estate agents in LA decreased by 27% year over year, falling from 4,800 agents in the fourth quarter of 2021 to 3,500 agents during the same period in 2022
by Lillian Dickerson Jan 30
Freed from iBuying, Zillow wants more from its mortgage arm in 2023
To outside analysts, it appears Zillow got out of iBuying just in time. Now the company is looking ahead to a post-downturn world. Here are the biggest challenges Zillow will face in 2023
by Daniel Houston Jan 30
Why this economist says today's market is not a do-over of 2008
Now, although price growth through the pandemic period was clearly excessive, fundamentally speaking, the two periods cannot be considered to be similar at all
by Matthew Gardner Jan 30
How to answer the top 4 questions buyers are asking right now
Your clients will always surprise you with questions that you may not know the answer to, but it is our duty to be educated, knowledgeable, and a source of information and value to our clients
by Amie Quirarte Jan 28
Pending home sales trend up for first time since last spring
In a positive sign for the real estate industry — and the spring homebuying season — pending home sales rose in December for the first time since May 2022, increasing 2.5% from November
by Lillian Dickerson Jan 27
Keller Williams President Marc King on how to thrive in a downturn
The 2008 downturn nearly drove King into bankruptcy. At Inman Connect New York on Thursday, he shared the steps he learned about avoiding financial ruin and instead growing
by Jim Dalrymple II Jan 26