Rent tallies biggest uptick in 2 years as potential buyers shift to rentals
Rents in December rose 14% year over year in the United States — their biggest increase in 2 years since the first cases of coronavirus were recorded, according to new data from Redfin
by Ben Verde Jan 21
News Quiz: Do you know the biggest stories for the week of Jan. 16?
Vishal Garg, WeWork and eXp Realty made headlines this week. Test your knowledge of the week's biggest real estate stories to determine if you're up to date on the biggest industry news
by Inman Jan 21
US home inventory drops below 1M
Home inventory dropped to the lowest level on record last month as buyers competed over an already sparse range of choices, according to data released Thursday by Zillow
by Daniel Houston Jan 20
Existing-home sales tally banner year after 12 months of epic demand
In a year of sky-high demand, existing-home sales recorded a banner year with the sale of 6.12 million units and an 8.5% surge from 2020, according to the National Association of Realtors
by Lillian Dickerson Jan 20
Housing starts hit 9-month high, marking steady gains across 2021
Overall housing starts increased 1.4% month over month in December to a seasonally adjusted rate of 1.70 million units, according to the the Department of Housing and Urban Development
by Ben Verde Jan 20
Insurers end coverage for thousands of luxury homes in California
State regulator doesn't allow home insurance companies to set rates based on estimated future losses from climate change risks
by Andrea V. Brambila Jan 20
A desert landscape
Of the median 8 homes buyers saw in 2021, they toured 3 of them virtually, according to a new analysis released Wednesday by the National Association of Realtors
by Andrea V. Brambila Jan 19
Bidding wars hit the luxury market hard in December: Redfin
Winter weather didn't slow down buyers in December, according to Redfin's latest market report. Although most buyers faced bidding wars, luxury homebuyers bore the brunt of low inventory at the $800K to $1 million mark
by Marian McPherson Jan 19
Homebuyers undeterred by rising mortgage rates as loan size grows
Average purchase loan request hits record $418,500, and falling demand for FHA and VA mortgages suggests first-time buyers are being priced out
by Matt Carter Jan 19
Many homebuyers will be priced out of the market in 2022
Fannie Mae forecasts rising mortgage rates and home prices will dent existing home sales by 3.2%
by Matt Carter Jan 19
Builder confidence dips in January as construction materials soar 19%
The index decreased by one point to 83 in January, the first marked decrease in 4 months, according to the National Association of Homebuilders
by Ben Verde Jan 19
Fannie, Freddie fees on 2nd homes, conforming jumbos go up April 1
Mortgage giants ordered to exempt first-time homebuyers from increases, which could boost private lending
by Matt Carter Jan 18
4 states reach pre-pandemic job levels, with more on the way: Report
Economists told The Wall Street Journal how population growth has driven the strongest job recoveries — most recently in Texas and Arizona
by Daniel Houston Jan 18
Yes, wages really are rising faster than rent in a majority of counties
A report found that wages are rising faster than rent prices in 637 out of the 1,154 counties analyzed — a slim majority
by Ben Verde Jan 18
Wells Fargo mortgage production fades as it closes branches
Nation's biggest provider of purchase loans made 27% fewer loans to homebuyers in 2021
by Matt Carter Jan 17
Read MLK’s ‘The Other America’ housing speech as it turns 55
Martin Luther King Jr. presented his 'Other America' speech in 1967 to highlight disparities among Black and white Americans and to call on Congress to pass fair housing legislation. Click on Inman's footnotes to understand how far we've come — and how far we have to go
by Taylor Anderson Jan 17