The Real Word's predictions for the 2023 market
Opinion
This week, Byron Lazine and Nicole White are talking about the end-of-year Case-Schiller update, the Twitter account real estate agents should be following, the marketing trends that won't make it into 2023 and the pitfalls of quiet quitting
by Byron Lazine Dec 30
Moving on up? The realities for market-changing agents
Opinion
In this month's situation: Veteran agents may find that leaving their current market for greener pastures doesn't always work, since their current success may have more to do with their network than their business acumen
by Anthony Askowitz Dec 29
Luxury housing market plunges to new low as priciest inventory rises
Stock market declines and recession concerns stopped the luxury market in its tracks in Q3, with home sales in the top percentile of the market declining 38% year over year, according to Redfin
by Marian McPherson Dec 28
Cold winter looms as pending home sales fall for 6th-consecutive month
The number of homes that went under contract in November dropped by another 4%, signaling a slow winter, according to data released Wednesday from the National Association of Realtors
by Daniel Houston Dec 28
The 2023 housing market: A real estate 'reckoning is at hand'
Economists and other housing experts predict the market will be more balanced among buyers and sellers. Home prices won't change much while mortgage interest rates will continue to dip
by Andrea V. Brambila Dec 28
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