Millennials are confused about real estate
Although millennials will likely make up the largest percentage of homebuyers this year, the generation appears to be woefully under-informed about the real estate industry, according to a recent survey by flat-fee brokerage Homie
by Lillian Dickerson Jun 23
New single-family home sales surge in May, surpassing 2019 numbers
Sales of new single-family homes were up 12.7% year over year, according to data released Tuesday by the US Census Bureau and the Department of Housing and Urban Development
by Patrick Kearns Jun 23
The moving industry could lose $2.5B because of COVID-19
Revenue decline across the moving industry could hover between 12.2% and 19.9%, according to a new study from HireAHelper.com
by Lillian Dickerson Jun 23
Making sense of the headlines: What is high-frequency data?
Opinion
Windermere Chief Economist Matthew Gardner explains how he’s using data from Apple, the TSA, OpenTable and more to keep tabs on economic recovery
by Matthew Gardner Jun 23
Will city-dwelling homeowners relocate after the pandemic?
Will the pandemic accelerate urbanization or lead to a reversal of the trend? With the country taking its first tentative steps out of quarantine, experts on both sides can point to facts backing up their theory
by Luke Babich Jun 23
6 ways to set buyer and seller expectations for today's housing realities
Although it's hard to know how long this pandemic will last, one thing seems certain — the drive to find the ideal home remains a priority. That's why it's important to let buyers and sellers know what to expect. Here's how
by Cara Ameer Jun 23
Summer outlook: A slowing recovery may wait in the wings
While housing has thus far seen a strong recovery, experts say prices may actually fall later this year. Factors such as unemployment and foreclosures could also weigh down the market
by Jim Dalrymple II Jun 23
Total mortgages in forbearance decreases for first time since March
During the week ending on June 14, mortgage loans in forbearance decreased to 8.48%, down from 8.55% the previous week, according to the MBA
by Lillian Dickerson Jun 22
NAR predicts major sales rebound this summer
Existing-home sales fell annually for the third straight month in May, but NAR expects that to change over the coming months
by Patrick Kearns Jun 22
Summer outlook: Real estate heads into buying season on firm footing
In our multipart series on the US housing market this summer, Inman's Jim Dalrymple reports that the market hasn't fully returned to normal yet, but a number of metrics including prices and pending sales suggest it has been resilient amid the coronavirus crisis
by Jim Dalrymple II Jun 22
Coldwell Banker CEO on why now is the perfect time to list your home
During a virtual town hall, Ryan Gorman also explained why he doesn't believe the market will see a massive spike in foreclosures
by Patrick Kearns Jun 19
Despite pandemic, home improvement spending is on the rise
Year over year, requests for home improvement personal loans increased by 7.8% from the first week of June 2019 to the same week in June 2020
by Lillian Dickerson Jun 19
Who says you can't go home again? 2.7M adults have moved back home since March
Among 18- to 25-year-olds, a 12% decline in individuals living on their own translates into a $726M slash in rent revenue, according to Zillow. That's 1.4% of the US rental market
by Lillian Dickerson Jun 19
Condo board balks at DOJ decision to sell seized penthouse at discount
The Manhattan building's board believes the Justice Department's decision to sell the penthouse for $18M — a 70% discount — will impact values throughout the building
NAR releases 5-point plan to bolster homeownership amid pandemic
The National Association of Realtors' plan calls for expanding down payment assistance programs, improving FHA loans and alternative credit scoring models
by Marian McPherson Jun 18
Growth in US home value slows at greatest monthly rate since 2019
Home values grew by 0.41% month over month in April, and in May that metric dropped to 0.35% — the largest one-month slowdown in more than a year
by Lillian Dickerson Jun 18