Redfin CEO: Adjustable-rate loans may push sellers off the sidelines
In an interview with CNBC on Wednesday, Redfin CEO Glenn Kelman laid out some of the variables that might begin to unlock home inventory in the years to come, including adjustable rate resets
by Daniel Houston Jul 20
'A downer for sure': Existing-home sales hit 14-year low as prices soar
Existing-home sales fell to a seasonally adjusted rate of 4.16M as the median sales price climbed to $410K, or just 0.9% below the highest median recorded by the National Association of Realtors
by Ben Verde Jul 20
Landing offers Flex, a new way to ease corporate travel
The program allows users to book open-ended stays and requires no multi-month commitment. It was announced a little less than a year after Landing secured $125M in funding
by Craig C. Rowe Jul 20
5 protips top teams are using to thrive in today's market
In her first column for Inman, Vija Williams writes that, regardless of whether your team was fully prepared or missed the warning signs, it's never too late to thrive in this uncertain market
by Vija Williams Jul 20
Homeseller profits increase for 1st time since Q2 2022: Attom
Record-low inventory and rebounding buyer demand led to a 3.8 percentage point increase in seller profit margins — the first since Q2 2022, according to a report from Attom
by Marian McPherson Jul 19
Lower mortgage rates only boost refinancing applications
Requests for purchase loans are still down 21% from a year ago last week, even as mortgage rates retreat from 2023 highs on encouraging inflation news
by Matt Carter Jul 19
Economy's strength could keep a damper on existing-home sales
Lack of inventory driven by mortgage lock-in effect may persist if Federal Reserve maintains 'higher-for-longer' rate strategy to combat inflation: Fannie Mae economists
by Matt Carter Jul 19
Housing starts drop dramatically in June following strong May showing
Despite a 7% drop in single-family housing starts from a month earlier, builder sentiment remains high due to strong demand for new homes, according to Census Bureau data released Wednesday
by Lillian Dickerson Jul 19
There’s a ‘magic number’ that moves homes. Will we ever hit it?
Buyers have been holding out for a 5.5% rate — but they may need to adjust their expectations, Maegan Sherlock, a senior research analyst for John Burns Research and Consulting, tells Intel
by Daniel Houston Jul 19
Real estate is a science. Selling it is an art
Creativity, flair, experience and talent must be applied to the facts of the science to achieve the best possible outcome
by Ken Sisson Jul 19
Florida dominates list of best markets for 1st-time homebuyers
Palm Bay, Cape Coral and Tampa top WalletHub's list of best markets for 1st-time homebuyers. But a closer look at the rankings shows buyers may sacrifice quality of life for affordability gains
by Marian McPherson Jul 18
Property bans don't just endanger Asian buyers — they harm agents
Opinion
Current and pending laws nationwide represent an invitation for discrimination against the AANHPI community, Asian Real Estate Association of America President Kurt Nishimura writes
by Kurt Nishimura Jul 18
Fewer than 2% of homes changed hands in 2023, marking 10-year low
Thanks to low inventory and high mortgage rates, just 14 homes out of 1,000 changed hands in the first 6 months of 2023, the lowest rate in a decade, according to data released Tuesday by Redfin
by Ben Verde Jul 18
5 steps to making money in today’s down market
Helping your clients understand the psychology of a changing market will make the job of selling their home much easier
by Bernice Ross Jul 18
35 Hudson Yards still sits half empty 10 years later: Report
About 4 years after sales launched, Related is offering price cuts and to cover buyers' closing costs and taxes among other incentives, to try and move more units, according to a report
by Lillian Dickerson Jul 17
Median sale price climbs to $426K for only 2nd time in US history
Undeterred by high mortgage rates, buyers battling over scant inventory pushed June's median sale price to the 2nd-highest level in history, according to new data released Monday by Redfin
by Marian McPherson Jul 17