Real Estate Markets & Economy
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
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
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
With job cuts in the real estate industry continuing, Inman is launching a Talent Pass to provide newly jobless real estate professionals free access to Inman Connect New York in January
The slowing demand for homes is affecting the balance of power between buyers and sellers, according to 2 new reports from Redfin
Opinion
As the market makes profitability more difficult to attain, cost control measures will become ever more important for brokerage companies
The housing industry has shed thousands of jobs recently, and more cuts may be in store. But some companies are handling the situation better than others
Higher mortgage rates are now 'housing market's primary constraint,' economists at Fannie Mae said in a new forecast predicting home sales will fall 13.5% this year
Housing starts clocked in at a seasonally adjusted rate of 1,549,000, a 14.4% decline from revised April levels, according to the US Census Bureau and Dept. of Housing and Urban Development
Jerome Powell on Wednesday acknowledged the tough situation buyers now find themselves in, adding that 'We need to get back to a place where supply and demand are back together'
Opinion
With the negative shift ravaging the real estate market, it is easy to say that there is no positive to take out of it. But as with every market, there are opportunities
After bond market sell-off Friday and Monday, investors take Fed's 75 basis-point rate hike in stride. 'The Fed managed to hint at today's move,' said the COO of 1 capital markets advisory firm
Homebuilder confidence fell 2 points in June to 67, marking the lowest reading since June 2020, according to the National Association of Home Builders/Wells Fargo Housing Market Index
Heading into 2022, forecasters at Realtor.com set expectations for where the home market would go. Halfway in, they're taking a second look
The ranks of the real estate industry have swelled over the past decade, but some experts who spoke to Inman believe a trend in the opposite direction may be picking up speed
The layoffs will involve full-time employees, not agents, and come as the housing and stock markets experience a major shift
Hidden costs loom large for buyers in the first year of homeownership, and, surprisingly, that can be even more true with a new build, according to the National Association of Homebuilders