In multiple talk tracks at Tech Connect, leaders in sales, fintech and proptech all agreed on one thing: The COVID-19 pandemic has totally changed how people market, sell and buy real estate
Real estate tech strategist Mike DelPrete explains pre- and post-shelter-in-place market trends and how real estate agents can prepare for the future
Only 160 contracts were signed in the New York borough in May — an 84% drop compared to 992 last year, according to a new UrbanDigs study
The long-term prognosis is more optimistic than many think, economists from Zillow and Windermere said during a panel at Inman Connect Now on Wednesday
'High unemployment and low housing supply may restrain a more meaningful rebound in purchase applications,' Joel Kan of the Mortgage Bankers Association said
Buyers and sellers appear to be returning to the market in many parts of the U.S., but inventory issues continue to plague many areas as well
April home values rose by 5.4% year over year and 1.4% from the previous month, according to the latest data from CoreLogic
Opinion
It's been a couple of months since the start of the COVID-19 outbreak, so this week, Windermere Chief Economist Matthew Gardner revisits the topic of mortgage rates and shares his forecast for the rest of the year and 2021
The company was founded nearly 4 years ago and struck up partnerships with numerous real estate organizations. But it couldn't weather the economic turmoil of the pandemic
While landlords may have seen a drop in income due to coronavirus, tenants often face direct layoffs and much less of a financial cushion — and, as Motwani stresses, confrontation is simply not productive
Additionally, nearly half of Airbnb hosts reported that they don't currently feel safe renting out properties, according to a survey by IPX1031
As buyers and sellers second-guess their desires to seal the deal in an uncertain world, many are citing reasons related to the pandemic as justification for breaking contracts. As a result, threats of legal action and lawsuits between buyers and sellers appear to be on the rise
The National Association of Realtors' pending home sales index, a forward-looking indicator based on contract signings, was down 21.8% in April
The number of U.S. homes in the process of foreclosure that are currently sitting empty barely changed between the first and second quarters of 2020, due to the coronavirus-induced moratorium on foreclosures
Sales of new single-family homes rose 0.6% to a seasonally adjusted rate of 623,000 in April, according to US Census Bureau data released Tuesday
Home prices were up 1.7% quarter over quarter and 5.7% year over year in the first quarter of 2020, according to the Federal Housing Finance Agency in a new report Tuesday