The Inman Handbook on comps in these chaotic times
Agents' expertise has long relied on studying and understanding sales patterns in their markets. But with little inventory and soaring prices, patterns are hard to find
by Jim Dalrymple II Apr 26
A third of Realtors bought or sold a 'green' home in the past year
Thirty-two percent of respondents of a National Association of Realtors survey say they were involved in buying or selling a property that had eco-friendly features in the past year
by Andrea V. Brambila Apr 23
inventory crisis
Zillow study shows surge of new listings could lessen frustrations for homebuyers
by Kelsey Ramírez Apr 23
New-home sales soar to 15-year high
New single-family home sales catapulted 20.7% to a seasonally adjusted rate of 1.02M in March, according to the US Census Bureau, a high not seen since 2006
Purchase Originations
The MBA announced Thursday at its Spring Conference and Expo 2021 that purchase originations are on track to grow 16.4% to a new record of $1.67 trillion in 2021
by Kelsey Ramírez Apr 22
Mortgage rates drop below 3% for first time in months
Average mortgage interest rates for a 30-year fixed rate mortgage dropped to 2.97% for the week ending April 22, according to Freddie Mac’s Primary Mortgage Market Survey
by Kelsey Ramírez Apr 22
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