Inventory is rising, home prices could flatten in 2019
But don’t expect homes to get cheaper anytime soon with demand remaining high
by Patrick Kearns Oct 24
Home prices rose 0.3% in August
Pacific states saw the biggest uptick in home prices, while the Mid-Atlantic region actually saw a slight decrease
by Marian McPherson Oct 24
New residential home sales plummet to 2-year low in September
The average sales price was $377,200 while the median sales price was $320,000, according to the Census Bureau and the HUD
You need to save for 7 years to make a down payment on a home: Zillow
The last time it took this long to save for a down payment, it was the height of the financial crisis
Why the housing market will stay strong through 2021
Peaking mortgage interest rates and millennial demand will keep home sales growing over the next five years, according to the Mortgage Banking Association
by Lew Sichelman Oct 23
$10M Houston mansion most expensive foreclosed home in US
This 5-bedroom, 9-bathroom, 15,000-square-foot Houston mansion’s price got slashed from $15.9M to $9.75M
by Bryson Masse Oct 19
For Sale sign
Median existing-home price now $258,100, NAR estimates
Fannie Mae is 'pessimistic' about the housing market in 2019
Interest rates and a lack of affordability, especially for first-time homebuyers, led researchers to a dour housing forecast for next year
by Jim Dalrymple II Oct 18
Seattle tiny-home 'experiment' slated to close in spring 2019
Amid an uptick in 911 calls, a controversial homeless encampment where drug use is permitted will shutter
by Bryson Masse Oct 16
Rising interest rates cost homeowners an extra $1,416 per year
As the Fed raises short-term interest rates, buyers are paying the price with higher monthly mortgage payments
by Marian McPherson Oct 16
How are agents (and their clients) coping with stock market jitters?
Cooler heads prevail as real estate professionals say most of their clients are well aware that markets ebb and flow
by Patrick Kearns Oct 12
Rent-to-own startup Divvy Homes raises $30M to expand in Ohio, Tennessee and Georgia
News Corp. finalizes $210M acquisition of Opcity
First announced in August, the deal gives realtor.com access to Opcity’s concierge-style lead-generation model
Nextdoor appoints new CEO Sarah Friar, previously from Square
The community-based social network has a new leader from the payments tech company
What does the stock market tumble mean for real estate?
Economists say the sell-off was a bit of an overcorrection, but it could have long-term implications on the market
by Patrick Kearns Oct 10
Housing affordability top concern for real estate agents: Inman poll
Lead generation strategies in cooling housing market and rising interest rates also among top worries for agents