Lumber costs skyrocket, lifting new home prices by nearly $20K
Lumber prices are surging again after months of moderation, causing the average price of a new single-family home to rise by $18,600, according to the National Association of Home Builders
by Ben Verde Jan 5
Demand for mortgages slips as rates climb back to April levels
Demand for purchase loans fell to a seasonally adjusted 4% from 2 weeks ago, and 12% from a year ago, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey
by Matt Carter Jan 5
storm
Opinion
From low interest rates to the ongoing pandemic, a number of factors have come together to create the current inventory crisis
by Carl Medford Jan 5
People moved to Vermont in droves in 2021. New Jersey? Not so much
The Green Mountain state saw the greatest percentage of inbound migration in 2021, with 74% of the state's moves directed inbound, according to United Van Lines' National Movers Study
In riveting reversal, Manhattan tallies record year for real estate
Following a steep decline in 2020, Corcoran President and CEO Pamela Liebman called 2021 a 'monumental comeback' as many brokerages saw record quarters and years
Zillow names hottest real estate housing markets of 2022
Tampa, Florida, leads several Sun Belt cities that Zillow predicts will be among the most competitive housing markets in the United States this year
by Ben Verde Jan 4
Does rent control make housing affordable?
Opinion
St. Paul, Minnesota, recently enacted a new rent control ordinance, capping yearly rent increases at 3%, but is it actually progress for housing affordability? A St. Paul native and real estate pro weighs in
by Teresa Boardman Jan 4
US median rent rose 11% in 2021 due to inflation
Rents increased 3 times the rate of a normal year, in which rents might rise 3-4% overall, according to a new report from online rental marketplace Dwellsy
News Quiz: Test your knowledge of real estate's biggest stories of 2021
Acquisitions, spats, implosions and brawls: As the year wraps up and real estate professionals wish for the best in 2022, test your knowledge of the biggest real estate stories of 2021
by Inman Dec 31
The top 21 Inman stories of 2021
In a year that seemed like a reprise of 2020 — call it '2020 Light' — the past 12 months have been filled with anxiety. Take a walk down memory lane as Inman reveals its most-read stories of 2021
by Inman Dec 31
US home sale prices hit new all-time high as supply drops to record low
The median home sale price rose 14.6 percent from the previous year to a high of $361,171 during December, according to a new Redfin report
by Ben Verde Dec 30
Why the housing market won't burn quite as hot in 2022
The housing market will cool slightly in 2022, but will scorch as a multitude of buyers chase too few homes, according to economic experts who spoke with Inman
by Andrea V. Brambila Dec 30
Pay raises aren't keeping up with rise in home prices, mortgage rates
Homebuyers used to be able to count on falling mortgage rates and rising wages to offset red-hot home prices; that's no longer the case
by Daniel Houston Dec 29
Bathroom remodels top owners' renovation wish lists for 2022
Zillow: More than half of homeowners would consider a bathroom remodel next year
by Andrea V. Brambila Dec 29
Pending home sales dip slightly following strong October
The pending sales of existing homes dipped down 2.2 percent in November, in line with the National Association of Realtors' prediction of a slowdown
by Ben Verde Dec 29
Home price growth in New England states slows to a crawl in October
Home prices have continued to rise quickly throughout the US, but price growth halted in October in the Northeast, according to the Federal Housing Finance Agency’s House Price Index
by Daniel Houston Dec 28