Existing-home sales fall to slowest pace since 2009 amid rising costs
Existing-home sales dropped by 5.9% from February and by 2.4% from March 2024 as homebuyers continued to deal with affordability challenges, said NAR Chief Economist Lawrence Yun
by Lillian Dickerson Apr 24
Buyers less into fixer-uppers, more interested in done-for-you updates
Smart home improvements make all the difference between a listing that slowly sells and one that truly stands out in the market, team leader Carl Medford writes
by Carl Medford Apr 24
Homebuyer demand falls for 2nd consecutive week as rates climb
Economic uncertainty, rate volatility and mounting worries about the labor market are reducing the pool of potential buyers, putting a damper on the spring homebuying season
by Matt Carter Apr 23
New-home sales beat expectations in March — by a long shot
The surge in sales was a welcome positive sign during a tenuous period for the US economy. However, high prices and high mortgage rates continue to curb homebuyers, new HUD data shows
by Lillian Dickerson Apr 23
Fair housing is not a checkbox. It’s the heart of our industry
Opinion
Fair housing is not just about reacting to injustice anymore, LIBOR CEO Doreen Spagnuolo writes. It's about proactively building a better future
by Doreen Spagnuolo Apr 23
LA agent caught smuggling 164 pounds of cocaine in Chicago
Jerome Nalbandian was caught toting 4 roller bags stuffed with 164 pounds of suspected cocaine through Union Station. Cook County Circuit Court Judge Deidre Dyer said, 'Wow. That's a lot'
by Lillian Dickerson Apr 22
Concessions surge as homesellers offer sweeter deals in sour markets
In the first quarter of the year, 44.4% of homesellers included concessions in their deals, just shy of the record 45.1% seen at the start of 2023, according to new data released Monday by Redfin
by Richelle Hammiel Apr 22
Tariffs to spur ripple effects across real estate, industry leaders warn
Rising construction costs and shifts in foreign investments will result in falling sales as the weight of the tariffs are felt across US housing markets, economists and real estate leaders told Inman
by Lillian Dickerson Apr 21
Agents find waning value in the purchase of portal leads: Intel
Nearly 70% of agents who have purchased portal leads in the past say they no longer buy them, citing 'time and money' needed for maximum ROI, according to the latest Intel Index polling data
by Marian McPherson Apr 21
Private listings negatively impact both buyers and sellers: Watchdog
Opinion
Stephen Brobeck, senior fellow at the Consumer Policy Center, examines competing interests and competing policies to determine which will benefit consumers
by Stephen Brobeck Apr 21
Homes are sitting longer and not just because of mortgage rates
As of March, the typical US home took 47 days to sell, the longest stretch in 6 years. Those longer stretches on the market tend to discourage competition, a Redfin report found
by Richelle Hammiel Apr 17
1 in 4 Americans will pause major purchases, like homes, amid tariffs
Tariff threats have left Americans on edge, with 24% of US adults saying they're canceling plans to purchase a home or car due to economic fears, according to Redfin polling data released Thursday
by Marian McPherson Apr 17
Tariff threats prompt builders to pump brakes on new construction
Housing starts fell 11.4% in March, a modest improvement from 2024, according to Census data released Thursday, with 1 economist describing the slump as 'well below consensus expectations'
by Richelle Hammiel Apr 17
Homebuyers get cold feet as mortgage rates rebound
Mortgage rates are climbing back toward 7% on fears that tariffs could reignite inflation, but Fed Chair Jerome Powell warns policymakers would be challenged if unemployment also rises
by Matt Carter Apr 16
IS Luxury opens in Newport Beach with former Elliman manager
Principal Ivan Sher has tapped former Elliman manager Christi Carrillo to lead the new office in the Las Vegas feeder market. The office is starting with 11 agents; most were previously with Elliman
by Lillian Dickerson Apr 16
You can retire! A timeline for prep, planning, preparing for the future
Sisters Maeda Palius and Amy Chorew offer a retirement roadmap designed to help you leverage your knowledge to gain financial freedom
by Maeda Palius AND Amy Chorew Apr 16