Against the odds, some buyers are returning to newly built homes
Homebuilders are reporting shorter construction timelines and fewer supply-chain issues as they deal with a drop in demand for new houses, according to a new survey of homebuilders
by Daniel Houston Sep 8
Mortgage demand flattens as rates make another run toward 6%
No sign of a rebound in purchase applications, but August data showing a strong job market 'should support housing demand,' MBA economist says
by Matt Carter Sep 7
Big lenders get a head start, adopt $715,000 conforming loan limit
Moves by Rocket and United Wholesale Mortgage could help borrowers get better rates and make smaller down payments when taking out loans that were previously classified as jumbo
by Matt Carter Sep 7
US home equity has reached new heights. What happens next?
Gains in household real estate equity have far outpaced growth in US mortgage debt, according to new numbers from the Federal Reserve board
by Daniel Houston Sep 6
Agent outlook: Do you know what the market did this summer?
Opinion
Jumpstart your week with an inside look at what's still to come as the market transitions from summer into fall
by Eric Forney Sep 6
Mortgage company Homepoint laying off 'hundreds' of workers
The Michigan-based and third-largest wholesale mortgage lender aims to cut costs by more than $100M a year in response to an 'extremely challenging' lending environment
by Matt Carter Sep 2
Real estate stocks are getting absolutely destroyed right now
Multiple real estate companies are seeing share prices fall to all-time lows. If they can't turn around stock market performances, falling share prices could have profound impacts
by Jim Dalrymple II Sep 2
The average US home is now selling below its list price, Redfin says
The average list-to-sale ratio clocked in under 100% for the first time since March 2021 in August, according to new data released Thursday by Redfin
by Ben Verde Sep 2
Sellers’ strike? New listings fell in August as active listings increased
Inventory rose due to a steep drop in homebuyer demand and homes that are spending more time on market while sellers pulled back on listing new properties, according to Realtor.com data
by Taylor Anderson Sep 1
Home sales have so much further to fall in 2023, Goldman Sachs says
House purchases are expected to plummet further in the closing months of the year, and the recovery may not pick up speed until 2024, according to a new forecast from the investment bank
by Daniel Houston Sep 1
Millennial and Gen Z renters are getting walloped by inflation: Study
Gen Z and millennial renters who took on a new lease in July have personal inflation rates of 11.6% year over year, according to a new analysis by Redfin released Thursday
by Ben Verde Sep 1
Buyers are leaning on contingencies to bail out of deals, Redfin CEO says
During his latest appearance on CNBC, Redfin CEO Glenn Kelman shared how buyers and sellers are locked in a battle of the wills as the market slowly shifts in buyers' favor
by Marian McPherson Sep 1
Your prediction about the housing market is probably wrong
Opinion
Forget the memes. If you've been around real estate for any length of time, you know that the only thing you can expect is the unexpected
by Teresa Boardman Sep 1
More people moving into drought-prone areas than out: Study
Roughly $17T worth of property analyzed for the study had experienced intense drought in August, up 42% from a year earlier when $12T worth of property had experienced it
by Ben Verde Aug 31
Mortgage rates, home prices continue to weigh on buyer demand
Purchase applications have declined in 8 of the last 9 weeks, according to a weekly survey by the Mortgage Bankers Association released on Wednesday
by Matt Carter Aug 31
Two-thirds of pandemic 'boomerang kids' still live at home
More than 2 years after moving in with parents, many millennials and Gen Zers have yet to leave, a new report says. Those still in the coop use their time to pay down debt and save for homeownership
by Marian McPherson Aug 30