Power Buyer clients made 1 offer on average. Traditional buyers? 7
A new report from Power Buyer and iBuyer marketplace zavvie says that Power Buying 'could eventually become the norm,' citing its success in helping buyers quickly purchase a home
by Marian McPherson Apr 13
Inflation hits 8.5%, highest mark since 1981. Housing is only part of it
Rents rose by 0.4% from February to March — a slowdown from recent months even as gas and food costs spiked, according to the latest Consumer Price Index released Tuesday
by Daniel Houston Apr 12
Homeowner support grows for mother-in-law units: Survey
Homeowners, long resistant to new apartments in their neighborhoods, are increasingly open to other ways of adding housing units, according to a new survey by Zillow
by Daniel Houston Apr 11
It looks like the pandemic vacation-home boom is coming to an end
Demand for vacation homes dropped sharply in March — the second straight month a decline was recorded as mortgages ramped up above 5%, according to an analysis by Redfin on Monday
by Ben Verde Apr 11
Would-be homebuyers rushed to lock in mortgage rates in March
Despite the fastest one-month rise in mortgage rates in nearly 13 years, purchase lock volume climbed 31% from February likely driven by borrowers moving to secure loans before rates rise
by Matt Carter Apr 10
Residential construction spending rises for fifth-consecutive month
The steady increase has occurred despite widespread supply shortages, tight labor markets, rising inflation and the volatile cost of wood, according to National Association of Home Builders
by Taylor Anderson Apr 8
Affordability, debt biggest obstacles to homeownership, renters lament
32% of renters surveyed in a poll conducted by Redfin say they rent because they can't afford to buy a home, while 45% said debt was the main factor keeping them from homeownership
by Ben Verde Apr 8
7 ways to thrive (not just survive) in a shifting market
Opinion
No matter what the market does, there are always agents who have growing businesses. Here are 7 steps you can take in this shifting market to ensure that you thrive
by Jimmy Burgess Apr 8
Homebuyer sentiment hits record low
Only 24% of consumers think now is a good time to buy a home — the lowest reading ever recorded in a monthly survey conducted by Fannie Mae since 2010
by Matt Carter Apr 7
Mortgage rates surge to 5% as era of the ultra-cheap loan begins to fade
After hovering near 3% for nearly 2 years, mortgage rates have rebounded faster than expected. But amid uncertainty, economists are divided on whether 5% rates are here to stay
by Daniel Houston Apr 7
‘New York market remains a juggernaut’ in Q1, condo sales thrive
Quarterly market reports released this week from several area brokerages revealed a luxury market in high demand, with climbing prices and little inventory
Rising mortgage rates most difficult for first-time homebuyers: MBA
As rates surged last week, demand for FHA purchase loans dropped by nearly 8%, according to a weekly lender survey by the Mortgage Bankers Association released Wednesday
by Matt Carter Apr 6
Millennials ditching starter homes will lead summer inventory boost
Realtor.com's latest housing report revealed 64% of homesellers plan to list their homes by October. Millennials are primed to lead the charge as they ditch starter homes for bigger abodes
by Marian McPherson Apr 6
Home price growth 'reaccelerates' to set new February record
February's 19.6% annual home price appreciation, together with sharp rise in mortgage rates, produced the tightest affordability in 15 years, according to new data from Black Knight
by Matt Carter Apr 5
Real estate hiring beats national job gains again in March
Brokerages and other real estate companies added 6,300 new jobs in March, a rate of payroll growth that exceeded that of the U.S. at large
by Daniel Houston Apr 1
Home prices may be 'unhinged' from fundamentals, Fed analysts say
For months, the rise in home prices was in line with underlying indicators. Now, it may have gone too far, a Dallas Fed report suggests
by Daniel Houston Apr 1