Existing-home sales prices rise to historic high — even as sales decline
Existing-home sales fell 3.7% in March, but the median sales price rose 17.2% to a historic high of $329,100, according to the National Association of Realtors
The Inman Handbook on today's intense inventory crisis
There aren't enough homes for everyone who wants them. That's driving up prices and stretching agents thin
by Jim Dalrymple II Apr 22
This about sums up the bonkers inventory shortage
'I'm from California; it's the cheapest apple I've ever seen,' one bidder says in a TikTok that skewers real estate bidding wars
by Jim Dalrymple II Apr 21
Luxury home sales soar 42% year over year
Homes with a median sales price of $925,000 outperformed all other property classes, according to data analyzed by Redfin
mortgage applications
Mortgage applications increased 8.6% on a seasonally adjusted basis for the week ending April 16, 2021, according to the Mortgage Bankers Association
by Kelsey Ramírez Apr 21
Hispanic homeownership rate rises for sixth straight year
The National Association of Hispanic Real Estate Professionals' latest report reveals the driving forces behind Hispanic homeownership rates
by Marian McPherson Apr 20
Forbearance rate drops for 7th week in a row
2.3M homeowners still aren't making their monthly mortgage payments
by Matt Carter Apr 19
Fifth Wall debuts third SPAC, hopes to raise $250M
This is the third special purpose acquisition company that Fifth Wall Ventures, an investment company that focuses on real estate technology, has launched this year
by Jim Dalrymple II Apr 19
housing market
Rising mortgage rates cause Fannie Mae and Freddie Mac to downwardly revise forecasts
by Kelsey Ramírez Apr 19
Residential construction on the rise amid major inventory shortage
Residential housing starts rose 19.4 percent from February to March, according to a new report from the US Census Bureau
Surge in remodeling should last through next year
Stimulus money and home value appreciation are pushing more people to invest in their houses. They're increasingly turning to professionals as well
by Jim Dalrymple II Apr 16
Everyone wants a slice of the housing market. That’s the problem
Opinion
Right now, the housing market has a slew of uninvited guests in one of the worst housing shortages in the history of America
by Brad Inman Apr 16
Homebuilders need to construct 3.8M homes to meet demand
The shortage of new homes is pushing up housing prices and threatening to slow down the entire economy, according to a report by Freddie Mac's chief economist
by Matt Carter Apr 15
March was the hottest month in housing history
The median home price rose 17% annually to $353,000, according to Redfin's March housing report. Nearly half of all homes sold above asking price and none sold below
by Marian McPherson Apr 15
Builder confidence on the up and up
Nationwide builder sentiment rose by 1 point to 83 in April, according to the National Association of Home Builders/Wells Fargo Housing Market Index
Inventory insanity: When will this supply shortage end?
Today's extremes won't last forever, but there's no silver bullet to end the crisis, and it's likely shortages in some form will drag on for years
by Jim Dalrymple II Apr 15