Pending home sales climb in May following 6 months of declines
But the modest 0.7% increase shouldn't discount clear evidence of a transition spurred by high prices and mortgage rates, according to new data from the National Association of Realtors
by Ben Verde Jun 27
New home sales jump unexpectedly
Sales of newly built homes shot up 10.7% from April to May, with 696,000 new homes sold over the course of the month, according to data released Friday by the US Census Bureau
by Ben Verde Jun 24
House payments have skyrocketed. Are they finally beginning to peak?
Mortgage payments are as high as it's been in recent memory. But a sudden slowdown in growth may spell a turning point for the market
by Daniel Houston Jun 24
Demand for vacation homes slips below pre-pandemic levels
Mortgage locks for second homes fell 4% from pre-pandemic levels in May as mortgage rates rose to nearly 6% and the housing market continued to cool, according to data issued Friday by Redfin
by Ben Verde Jun 24
Uncertainty in real estate is inevitable. Use these tips to keep pushing ahead
Opinion
Drown out the noise and remain focused on service and networking. If you do, periods of uncertainty can become less of a roadblock and more of an opportunity
by Christine Carr Jun 24
Discrimination stops 40% of trans buyers from buying dream home
Realtor.com and the LGBTQ Real Estate Alliance's latest joint survey reveals how discrimination stops transgender and non-binary buyers from finding safe, secure communities
by Marian McPherson Jun 23
Owning becomes more expensive than renting as rates, prices surge
Homeownership is 31% more expensive than renting, nationally. With demand shifting and the market for home purchases cooling, homebuilders now court investors, a report notes
by Ben Verde Jun 23
Agents: Beware the pessimists predicting crash as market shifts
Real estate agents can keep clients informed about a changing market without buying into doomsday proclamations, 3 top brokers argued on Thursday at Inman Connect Now
by Daniel Houston Jun 23
What these eerie parallels to the past 4 real estate market crashes may foreshadow
Opinion
Looking at the history of the last four market downturns indicates turbulent times may be ahead. The best agents and brokers will start preparing now
by Bernice Ross Jun 23
Crisis management: Are you a peacetime or a wartime leader?
Opinion
What is your natural leadership style and how is it suited to the phase your business is in right now — and in the days to come?
by Adam Hergenrother Jun 23
Demand rebounds as mortgage rates retreat from 2022 peak
Purchase mortgage applications are still down 10% from a year ago, with mortgage rates nearly doubling in the last 12 months, according to a survey by the Mortgage Bankers Association
by Matt Carter Jun 22
Real estate companies are actually not laying off staff right and left
Opinion
Recent headlines have been filled with news of layoffs, but look closer. The companies where layoffs are occurring are wholly unrepresentative of the real estate industry and don't represent a major trend
by Joseph Rand Jun 22
The housing outlook is good, but affordability is a growing problem
Harvard's Joint Center for Housing Studies report, published Wednesday, dives into economic factors shaping current homebuying and renting landscapes
by Jim Dalrymple II Jun 22
What's a 'reset' anyway? A veteran's take on the Fed chair's comments
Opinion
Interest rates and out-of-whack supply and demand have Powell calling for a market 'reset.' Here's what that means for the real estate industry
by Jay Thompson Jun 22
Home affordability hits 15-year low, passing 'inflection point' for buyers
An increasingly unaffordable home market is affecting homebuyer decisions and altering forecasts for price growth in the months to come, according to a new forecast by Zillow
by Daniel Houston Jun 21
US existing-home sales prices tally new record after topping $400K
Total sales of existing homes, condos and co-ops dropped 3.4% between April and May to a seasonally adjusted rate of 5.4M, according to new data from the National Association of Realtors
by Ben Verde Jun 21