US economy avoids recession yet again — no thanks to real estate
With the gross domestic product eclipsing expectations in Q2, the US appears to have avoided a long-predicted recession, even as the real estate industry remains mired in a deep contraction
by Daniel Houston Jul 27
Pending home sales post first increase since February
Homes under contract inched up 0.3% between May and June to a measure of 76.8 on the Pending Home Sales Index, according to data released Thursday by the National Association of Realtors
by Ben Verde Jul 27
'Fight it tooth and nail,' LA agents warn as Chicago mulls mansion tax
As Chicago Mayor Brandon Johnson narrows in on a 2.65% tax on purchases of properties over $1M, luxury real estate agents in Los Angeles offered their advice to concerned Windy City agents
by Lillian Dickerson Jul 27
After pausing in June, Fed hikes rates to highest level since 2001
Fed Chair Jerome Powell and company keep their options open for another rate hike in September, but futures markets investors and some economists think the Fed is probably done hiking rates
by Matt Carter Jul 26
New-home sales wilt in June but remain elevated amid low inventory
New-home sales drooped 2.5% from May to a seasonally adjusted rate of 697,000 — 23.8% higher than June 2022, according to data released Wednesday by the US Census Bureau
by Ben Verde Jul 26
Will the second quarter of 2023 match real estate's Q1 meltdown?
Major real estate companies began reporting Q2 earnings this week against a backdrop of high rates, low inventory and a sluggish economy. Analysts shared what they're watching with Intel
by Jim Dalrymple II Jul 26
Demand for mortgages wanes as rates plateau near 2023 highs
A decrease in applications for FHA loans popular with first-time homebuyers helped push the average purchase loan application to $432,700, according to the latest MBA lender survey
by Matt Carter Jul 26
Stop paying 35-40% to the portals for leads
Instead of throwing away money on paid leads month after month, find out how to generate both buyer and listing leads at little or no cost
by Bernice Ross Jul 26
How Harvard's housing report sees the current (and future) market
Opinion
With natural growth slowing, states will need to attract new residents from other markets as domestic migration becomes a more important driver of household growth and housing demand
by Matthew Gardner Jul 26
Clients have commitment issues? 10 tips for overcoming them
Whether they're not quite ready to put in an offer or they get a case of cold feet, dealing with commitment issues from clients can leave you feeling frustrated
by Darryl Davis Jul 26
CoStar posts profitable Q2 as real estate portals tally record traffic
The commercial and would-be residential giant saw revenue jump 13% year over year in the second quarter while profit climbed 20%, according to a 2Q earnings call Tuesday afternoon
by Jim Dalrymple II Jul 25
Renters take aim at over-the-top junk fees targeted by White House
From tech fees to non-refundable move-in costs and so-called 'peace-of-mind packages,' the 'junk fees' landlords charge tenants are increasingly under fire from lawmakers and the White House
by Taylor Anderson Jul 25
Home prices rose in May in defiance of down housing market
Prices rose 0.7% from April to May after adjusting for increases typically experienced in spring, according to estimates released Tuesday by CoreLogic and the Federal Housing Finance Agency
by Daniel Houston Jul 25
How some commercial brokerages are beating the current market
Despite struggles in the commercial space dating from the beginning of COVID, some commercial brokerages have found a way to thrive
by Victoria Kennedy Jul 25
Americans are moving into flood-prone cities at alarming rate: Data
Migration into flood- and wildfire-prone counties has more than doubled since the COVID-19 pandemic began, according to a Redfin analysis of domestic migration data released Monday
by Ben Verde Jul 24
'Get creative': As inventory drops, agents dust off trusted techniques
With sales down and inventory low, agents are combing social media, calling expireds and seeking out people with major life milestones. In other words, they're meeting the moment with creativity
by Ben Verde Jul 24