Real Estate Markets & Economy
Altadena is for sale, and developers are lining up to buy in. So far, around 145 properties have been sold, 100 are currently listed and dozens are in escrow, the 'Los Angeles Times' reports
An estimated 7.24M Americans were unemployed in May, as hiring by private employers slowed to slowest pace since October and the federal government continued to shrink its payroll
Bay Area luxury buyers, many of whom work in tech, don't take market fluctuations well because their wealth is generated through IPOs and stocks. If the stock market is in a tizzy, no homebuying
A new report from Zillow shows that luxury home values rose 2.7% over the past year, with the typical luxury home now valued at around $1.8M
NOAA expects 13 to 19 named storms to arrive now through the end of November. More than 33M properties face potential damage from high winds and more than 6M from flooding
Wealthy buyers are choosing stability over speculation, market expert Chris Drayer writes. They’re thinking long-term and betting on real estate as a safer, smarter place to park their wealth
According to Redfin's data, pending home sales dipped 0.4% year over year to the lowest May level since 2020. Part of that was attributed to sky-high costs and economic uncertainty
Metro areas with the greatest gains in inventory are those that continued to build during and shortly after the COVID-19 pandemic, while those that did not still lag behind pre-pandemic levels
Workforce cuts, the rescission of Fair Housing initiatives and COVID assistance, and multiple pathways for Fannie Mae and Freddie Mac are all under discussion at the federal housing agencies
While purchase loan demand was still up 18% last week from a year ago, some of that demand may not translate into sales after unusual bump in cancelled purchase contracts
The best agents don’t always come from traditional backgrounds, coach Verl Workman writes. Sometimes, they're excelling in a different industry and waiting for the right opportunity
US home inventory hit a record $698B in April — a 20.3% increase from the previous year — but sales aren't keeping pace, a new analysis from Redfin shows
There are plenty of factors you can't control in the broader economy, Amy Corr writes, but there are ways to implement more control and consistency in your business
Opendoor's stock has spent months in precarious territory. The company has now received a notice from Nasdaq after its share price fell below $1 for 30 consecutive business days
The luxury brokerage is launching an international division, 'Elliman International,' and recruiting agents and teams to establish offices in strategic global markets, Inman has learned exclusively
Real estate agents reported an unexpected hit to their listing pipelines in May as they navigated an uncertain market and weak spring, according to the latest Inman Intel Index survey results
Trump administration keeps up pressure on Fed, but investors don't expect the US central bank to cut short-term rates until September as policymakers weigh tariff impacts