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
This is the best time of year to list your home, according to Zillow
Data from the online listings portal Zillow reveals that Thursdays in late April might just be the best time to list for the greatest reward
by Ben Verde Apr 1
Tough as nails: Women in construction on getting opportunities today
The construction corporate ladder is a lot steeper for women than men, according to the professionals Inman spoke with, who reported feeling singled out and having to work harder to earn opportunities
by Lillian Dickerson Mar 31
House flipping is resurgent. But is it still profitable?
Investors flipped more homes in 2021, balancing a welcome fast-moving market with an unwanted and precipitous decline in gross profits that brought them down to 2008 levels
by Daniel Houston Mar 31
Gender pay gap reduces housing choices for women by 18%: Zillow
The typical woman has an annual median income of $38,620 — roughly $15,000 less than the typical male. That income gap, Zillow said, reduces women's housing choices by 18%
by Marian McPherson Mar 31