Existing-home sales drop for 8th straight month in September
Existing-home sales sagged 1.5% to a seasonally adjusted annual rate of 4.71M, 23.8% lower than in September 2021, according to data released Thursday by the National Association of Realtors
by Ben Verde Oct 20
NYC real estate commissions are all over the map: Consumer watchdog
In a report on Wednesday, the Consumer Federation of America found the median commissions listing agents offered to buyer agents ranged from 1% in parts of Brooklyn to 3% in Manhattan
by Andrea V. Brambila Oct 20
3 tips for becoming a top real estate producer — even in a downturn
Hazel Shakur and Adam Hergenrother argued during a Wednesday session of Inman Connect that real estate agents can thrive even in a shifting market
by Jim Dalrymple II Oct 19
Following slow September, single-family housing starts plunge 18%
Single-family projects took yet another beating in September, declining nearly 5% from the previous month and 18% year over year, according to data Wednesday from the US Census Bureau
by Daniel Houston Oct 19
Mortgage demand hits lowest level since 1997 as rates continue to rise
Thirty-year, fixed-rate loans hit 6.982% on Oct. 13, a new 2022 high, according to an Optimal Blue Mortgage Market index. According to an index by Mortgage News Daily, rates were at 7.15%
by Matt Carter Oct 19
14 ways to sidestep market drama and get back to business
Opinion
Save the drama for your mama when you put these practical strategies to work. Navigate the uncertainties of the current market so that you can feel better about your business
by Tim & Julie Harris Oct 19
CredEvolv coaches homebuyers to help them qualify for mortgages
Integration with Freddie Mac's HomeCoach tool lets housing counselors access automated underwriting tools used by mortgage lenders
by Matt Carter Oct 18
Square footage in suburban homes now worth more than in cities
Typical suburban home was worth $206 per square foot during the four weeks ending Sept. 25, just above the typical urban home which was worth $205 per square foot, according to Redfin
by Ben Verde Oct 18
Homebuilders suspect demand for new homes will fall even further
With sales already slipping off highs from earlier in the pandemic, a survey of builders released Tuesday by the National Association of Home Builders suggests the bleeding may have just begun
by Daniel Houston Oct 18
Heading off surprises helps keep deals on track as rates rise
Power buyers and mortgage lenders are providing certainty to homebuyers and sellers, industry leaders said at Inman Connect on Tuesday
by Matt Carter Oct 18
Gary Keller: 2022 poised to become 'second worst' deal year in history
Keller said during Inman Connect, that transactions could be down nearly as much as during the Great Recession, though he added there are still opportunities for those in real estate
by Jim Dalrymple II Oct 18
RealPage software may have pushed US rents sky high, new report says
The report, out Friday from news non-profit ProPublica, focuses on YieldStar, a piece of software the property management company says on its website is geared toward 'optimizing rent pricing'
by Jim Dalrymple II Oct 18
It's time for the mortgage industry to create meaningful options for homebuyers
Opinion
While mortgage companies go all-in on layoffs and bemoan the state of the industry, they’re failing to provide truly helpful solutions that would reassure buyers and get them into homes
by Troy Palmquist Oct 18
3 reasons New Yorkers are moving to Florida permanently
Opinion
What’s incentivizing the migration to Florida? Affordability, jobs and educational choice are just some of the reasons people are making the move
by Bonnie Heatzig Oct 18
Inflation up 8.2% over last year — and housing is largely to blame
Government’s estimate of the cost of owning a primary residence rose 0.8% in September and was up 6.7% compared to a year ago, which is the largest 12-month increase in the category's history
by Daniel Houston Oct 13
Always a bridesmaid, rarely a bride, first-time buyers make big return
First-time homebuyers now make up 45% of all transactions, up from 37% of all buyers in 2021, returning to pre-pandemic levels, according to new data from Zillow released Thursday
by Lillian Dickerson Oct 13