Multifamily sector lone bright spot as permits, starts, completions fall
New residential construction dipped in June, with building permits, housing starts and housing completions ticking down modestly, according to US Census Bureau data released Tuesday
by Ben Verde Jul 19
As buyers balk, some homebuilders dread the months to come
Builder sentiment dropped at the second-fastest pace of the last two decades as construction companies began cutting costs, according to the National Association of Home Builders
by Daniel Houston Jul 19
Your local housing market is complicated. Know your numbers, and use your words
Opinion
Do you know how to explain the difference between a national and a local market stat to your client? The words you choose can make all the difference
by Teresa Boardman Jul 19
Relying on optimism to get you through? 5 critical steps to take instead
Opinion
In an overheated seller’s market, it does not take a rocket scientist to sell a home. However, as the market turns, the need for real skill emerges
by Carl Medford Jul 18
Record number of buyers looking to relocate to 'affordable' areas
A record-high number of homebuyers are prioritizing affordability as high home prices and mortgage rates limit their ability to buy homes
by Ben Verde Jul 18
The investment edge: Leverage your real estate skills to fund your future
Opinion
Real estate investment is not an overnight, get-rich-quick type of financial maneuver, but it can pay huge dividends in the long run
by Ian Hoover Jul 18
Ignore your MLS stats and head-in-the-sand optimists
Opinion
Opinions about appreciation and market speculation are rampant at the water cooler. Before you jump in with your opinion make sure to do the math on your local market
by Jeff Glover Jul 18
Credit card revenues surpass mortgages at Wells Fargo in Q2
Rising interest rates and a shrinking branch network are cutting into Wells Fargo's mortgage business, and bank executives say they're fine with that
by Matt Carter Jul 15
Why super long mortgages won't be a thing, and why that's good news
Longer loans, including a 50-year concept recently floated in the UK, are sometimes framed as a way to improve housing affordability. But the experts aren't convinced
by Jim Dalrymple II Jul 15
The long-awaited recovery in home inventory is gaining steam
The fast-paced cycle of the typical US home sale has begun to slow, paving the way for a recovery of the nation's depleted home inventory
by Daniel Houston Jul 15
Are sellers aiming too high? Price cuts abound throughout the US
More sellers dropped their asking prices in June almost everywhere in the US. In some places, more than half of homes for sale saw a cut
by Daniel Houston Jul 14
Real estate agents should be 'chief economists' for their clients
Armed with knowledge of market trends, agents can earn sellers' trust and have more leeway to set strategy, top brokers said at Inman Connect Now on Thursday
by Daniel Houston Jul 14
Housing costs eyed as major culprit in latest 9.1% inflation hike
Housing costs were one of the biggest drivers of inflation in June, pushing higher at a pace unseen since 1990, according to a report Wednesday from the Bureau of Labor Statistics
by Daniel Houston Jul 13
Demand for refinancing ticks up slightly as mortgage rates plateau
Purchase loan applications continue to be weaker 'due to the combination of much higher mortgage rates and the worsening economic outlook,' said MBA forecaster Joel Kan
by Matt Carter Jul 13
LoanDepot to shed 4,800 workers in 2022 in bid to return to profitability
Lender hopes to cut up to $400M in annual expenses and become profitable by the end of the year, after rising mortgage rates gut profitable refinancing business
by Matt Carter Jul 12
Interest rate hikes keep Miami the least affordable city in the nation
Buyers would have to spend 86% of their income to afford the $600,000 median home price, according to new research released Monday from RealtyHop
by Taylor Anderson Jul 12