As recession looms, consumers see tide turning in favor of homebuyers
Fannie Mae finds 81% of Americans think the economy is on the wrong track, but the share of consumers who think it's a good time to buy ticked up in June
by Matt Carter Jul 8
More than half of homebuilders report cancellation uptick in June
In parts of the country, buyers are backing out of contracts for new homes at rates not seen since the shock of the pandemic first set in during March of 2020
by Daniel Houston Jul 8
June jobs report reveals impact of layoffs on real estate industry
Fears of impending recession and a spate of prominent layoff announcements put only a moderate damper on real estate hiring last month, according to the US Bureau of Labor Statistics
by Daniel Houston Jul 8
Seeing contingencies come back? Your market is shifting
Opinion
As the market shifts, the reemergence of contingent transactions and contingency clauses can help you gauge the balance of power
by Bret Weinstein Jul 8
How activism (and real estate) are uniting AAPI communities
Opinion
The changing demographics of our nation require the real estate industry to continue to learn and welcome all people in our changing American population
by Tim Hur Jul 8
Sprout Mortgage is 2nd non-QM lender to implode in as many weeks
Failures raise questions about the viability of a small but growing corner of the mortgage business that largely serves self-employed borrowers
by Matt Carter Jul 7
Forget what you know about retirees. Here's what they're looking for now
Opinion
Don't be discouraged if your newly retired homebuyer clients are taking their time. These clients know what they want and are willing to wait for the perfect home
by Luke Babich Jul 7
Mortgage rates easing on recession fears, but homebuyers not biting
Although fears of a recession are bringing mortgage rates down, would-be homebuyers aren't rushing to apply for loans, according to a weekly survey of lenders
by Matt Carter Jul 6
Home price appreciation slowing at rate not seen since 2006
Although inventory shortages are starting to ease, falling sales are driving the trend as homes are less affordable then they've been since the mid-1980s
by Matt Carter Jul 6
Natural disasters pose growing risk to vacation-homebuyers
The vast majority of recently purchased vacation homes are exposed to risk from storms and heat. Floods are an increasing concern
by Daniel Houston Jul 5
7 proven strategies to create referrals if your pipeline is frozen
Opinion
Does your pipeline feel frozen? These 7 proven referral source strategies are certain to put some heat back into those prospecting efforts
by Oliver Graf Jul 5
It’s up to us to keep the American dream alive and well
Opinion
To keep the American experiment vital and vibrant, we need buy-in from folks who are getting overlooked in the current market
by Troy Palmquist Jul 2
Wary sellers back off asking prices in June housing slowdown
The typical asking price for a home on the market took a modest downward turn in late May and early June, a sign of a softening market
by Daniel Houston Jul 1
Affordable housing you say?
Opinion
Housing could be made more affordable. The problem? It's not in enough people's self-interest to do so
by Teresa Boardman Jul 1
Making $67K? That's no longer enough to buy the typical US home
Q2 of 2022 saw the affordability of the typical home purchase erode at the fastest pace in at least 2 decades. Median home purchases would have taken up 31.5% of average annualized wage
by Daniel Houston Jun 30
Don't let the market define you: 3 ways to reset your attitude
Opinion
The recent market shift has some real estate professionals responding out of fear. Instead, dig down and get in touch with the fundamentals to develop a service-oriented approach that will win the day
by Todd Duncan Jun 30