Is the summer rush obscuring a deeper housing slowdown?
The seasonal summer boom in the housing market has gone head-to-head with dramatically cooling market conditions. The latest data reflects the market appears to be 'losing steam'
by Daniel Houston Aug 30
'Shrinkflation' looms as incredible shrinking home hits upscale market
The size of the typical $1M home plunged to 2,350 square feet in early 2022 after peaking at 3,021 square feet in mid-2020, according to new data released Tuesday from Zillow
by Ben Verde Aug 30
Housing is cooling. In some places, rents have yet to get the memo
In more than half of America's largest cities, rents continue to post double-digit annual growth. And in some cases, they're speeding up, according to Zumper’s most recent report
by Daniel Houston Aug 29
What does 'housing recession' even mean? Economists don't really know
The phrase 'housing recession' has exploded in popularity, according to an analysis of search terms. But pinning down what it means and where it originated is surprisingly difficult
by Jim Dalrymple II Aug 29
Mortgage rates hold steady after Fed inflation warning
Fed Chair Jerome Powell's Jackson Hole speech spooks stock market investors, but long-term interest rates stable as bond markets bet on slowdown next year
by Matt Carter Aug 26
'The appraisal process is an absolute joke': The Real Word
Opinion
Byron Lazine and Nicole White discuss the future of appraisals, incentive-based recruiting and this week's Left, Middle, Right
by Byron Lazine Aug 26
Manhattan's luxury market sees worst sales week since Aug. 2020
Signed luxury contracts in Manhattan hit a new low during the week ending Aug. 21, according to a report from Olshan Realty Inc. Luxury agents say there are a number of reasons why
by Lillian Dickerson Aug 26
Reali closing its doors and laying off most of its workforce
California-based real estate brokerage and power buyer cites 'challenging real estate and financial market conditions and unfavorable capital-raising environment'
by Matt Carter Aug 25
Pending home sales post modest decline in July after a rocky June
Pending transactions were down 19.9% year over year, but just 1% month over month, according to data released Wednesday by the National Association of Realtors
by Ben Verde Aug 24
First-time homebuyers may be driving FHA, VA loan surge
Applications for government-backed purchase mortgages were up 4% week over week, accounting for nearly 1 in 4 loan requests from homebuyers, according to the Mortgage Bankers Association
by Matt Carter Aug 24
Gary Keller: The current market is 'the most confusing I've ever seen'
At Keller Williams' annual Mega Camp conference, founder Gary Keller prepared agents for a rough 2023 as slowing home sales and other economic factors push everyone to the brink
by Marian McPherson Aug 23
Falling list prices hit pandemic hot spots hardest, new Redfin study says
Nationally, more than 15% of homesellers dropped list prices in July across the 97 metro areas analyzed by Redfin, with Boise, Denver and Salt Lake City seeing the greatest share of cuts
by Lillian Dickerson Aug 23
New home sales plummet 29.6% as homebuyers pull back with force
Sales of new homes dropped in July to a seasonally adjusted rate of 511,000, which was 29.6% below the levels seen in July 2021, according to data released Tuesday by the US Census Bureau
by Ben Verde Aug 23
Home sales projected to fall 16.2%, Fannie Mae says in new forecast
Economists expect 5.78 million homes to change hands this year, representing a 16.2% decline from a year ago — a steeper drop than the 15.6% pullback forecast in July
by Matt Carter Aug 22
Following 6-month slowdown, the home-sale boom may finally be over
Home sales were down 19% year over year in July, a sign the pandemic-era boom in housing demand may be in the rearview mirror, according to new data released Monday by Redfin
by Daniel Houston Aug 22
rental image
Redfin said it expects rental growth to continue to slow, but markets with strong job growth and limited new housing construction will likely continue to experience large rent increases
by Ben Verde Aug 19