Home showings see unusual drop in April. Is it a blip or something else?
Showings were down nationwide in April, which is strange because April is typically when the housing market hits a high point, ShowingTime President Michael Lane said in a new report
by Jim Dalrymple II Jun 1
Reading market shifts: 3 data sets you should pay attention to
Opinion
There are 3 key metrics that everyone in real estate needs to understand, but no one seems to be talking about. Talk to your potential clients, and arm them with the data they need to make solid decisions
by David Walker Jun 1
Tomo cuts almost 1/3 of workforce, dials back expansion plans
Cuts were from the impact of the recent shift in the mortgage and venture capital markets due to the rapid increase in interest rates, according to Tomo CEO and Co-Founder Greg Schwartz
by Matt Carter May 31
Lumber prices sawed in half in 2nd pandemic-era plunge
The price of lumber has taken another dramatic downturn, just the latest wild swing for builders in the cost of home construction
by Daniel Houston May 31
Final days of frenzy as buyers raced to outrun climbing rates in March
Home price growth continued in March as homebuyers snatched up homes ahead of further rate hikes, according to new data Tuesday from the Federal Housing Finance Agency and Case-Shiller
by Ben Verde May 31
Don't stay silent! Confront the scourge of Asian hate
Opinion
Members of the AAPI community are carrying an undue burden in their quest to build financial wealth through homeownership. As members of the real estate community, it is our job to support homeownership for all
by Tim Hur May 31
Market shifts, rate hikes and why real estate stocks can't get a break
As real estate enters what one observer called a 'Wile E. Coyote' moment, real estate companies’ share prices continue to struggle amid market uncertainty
by Jim Dalrymple II May 30
Sellers are reducing asking prices. But don’t expect house prices to drop, economist says
Affordability challenges mean some sellers are reducing asking prices, but demand for homes continues to outpace supply, says First American Chief Economist Mark Fleming
by Matt Carter May 27
'Sellers are starting to freak out:' Redfin CEO sees market slowdown
During his latest CNBC appearance, Redfin CEO Glenn Kelman said rising mortgage rates, softening home price growth and changing buyer attitudes are all signs of an impending shift
by Marian McPherson May 27
List prices are finally starting to fall
Nearly 1 in 5 homesellers dropped their listing price during the 4-week period ending May 22, a high watermark unmatched since October 2019, according to a new report from Redfin
by Lillian Dickerson May 27
Time to get creative: 3 strategies for finding buyers homes
Opinion
Buying a home is hard, but it's not impossible. As a knowledgeable expert with a fiduciary duty to your clients, it's your role to help buyers weigh and evaluate their options
by Nobu Hata May 27
Mortgage rates fall to 5.10% in biggest drop since 2020
Rates on 30-year fixed-rate mortgages have dropped 20 basis points in two weeks, the most dramatic decline since April 2020
by Ben Verde May 26
Pending home sales hits slowest pace in nearly 10 years
Pending home sales dropped 3.9% from March to April, marking the sixth-straight month of declines amidst climbing mortgage rates, according to data released Thursday from NAR
by Lillian Dickerson May 26
The shift has begun — but rate hikes won't be housing's Achilles' heel
Experts told Inman they expect home sales and price growth to slow down, but they don't think rising rates will knock everyone out of the market
by Jim Dalrymple II May 26
Lower mortgage rates fail to rekindle homebuyer interest
As mortgage rates continued to retreat from highs set the first week in May, demand for purchase loans was essentially flat last week, according to MBA's Weekly Mortgage Applications Survey
by Matt Carter May 25
Hottest markets of 2022 revealed, and pricey suburbs lead the way
New data from Zillow shows that the most popular housing markets of 2022 so far fall right in line with that trend, with the top 10 markets all pricey suburbs just outside a major city
by Ben Verde May 24