Housing inventory is climbing back. So why are leads still lagging?
Inventory is rising again, but agents are still scrounging for new listings. Hundreds of brokers and agents shared what's working in still-tight markets in new responses from the Intel Index survey
by Jim Dalrymple II Jul 15
Will falling mortgage rates juice the housing market? The Download
As financial targets pave the way for interest rates to (finally) fall, the real estate industry is cautiously optimistic about a late-year boost
by Christy Murdock Jul 13
King Charles III purchases NYC Billionaires' Row condo for $6.6M
News of the condo's acquisition came after 'His Majesty the King in Right of Canada' was listed as a buyer in the Steinway Hall portion of the property
by Richelle Hammiel Jul 12
Top 6 essential luxury real estate trends of 2024
Stay ahead of the market with Chris Pollinger's top 6 luxury real estate trends of 2024. Learn what luxury clients are seeking and how to cater to their discerning taste
by Chris Pollinger Jul 12
Median sales prices rise for 9th week despite slowing demand
Amid slowing homebuyer demand, the US median sales price rose to an all-time high of $397,482 at the beginning of July. However, Redfin says a slowdown may be on the way
by Marian McPherson Jul 11
Zillow, Redfin: Northeast and Midwest rental prices surging
Some Northeast and Midwestern markets saw double-digit increases in median asking rent, according to new data released Tuesday
by Richelle Hammiel Jul 11
‘It’s finally happening': Cooler inflation opens the door to rate cut
Overall inflation rose just 3% on an annual basis in June, according to Bureau of Labor Statistics. The 10-year Treasury yield, an indicator of mortgage rates, plummeted on the news Thursday
by Taylor Anderson Jul 11
Realtor.com CEO: CoStar made 'deceptive and misleading' claims
Damian Eales told Inman his company is focused on providing high quality leads and has plans to further leverage the network of its parent company, News Corp
by Jim Dalrymple II Jul 11
FHA, VA requests drive pickup in purchase mortgage demand
Rates surged and then pulled back last week in what could foreshadow more election-year volatility in the months ahead. Powell tells Congress Fed will remain above the fray
by Matt Carter Jul 10
Multifamily building permits have dropped 30% since 2021: Redfin
Rising interest rates and market saturation have caused multifamily builders to slow the rate of new projects, according to a Redfin report published on Tuesday
by Marian McPherson Jul 9
Suburban Chicago homeowner hit with $30K property tax bill in error
Homeowner Darryl Lloyd was stunned to receive an errant property assessment of more than $1M from assessors, causing his bill this year to skyrocket from $1,800 to a whopping $30K
by Richelle Hammiel Jul 9
Feds want to expand their control over real estate sales to foreigners
A proposal would expand an existing rule and give the 'Committee on Foreign Investment in the United States' power to review real estate sales near 56 military installations in 30 states
by Jim Dalrymple II Jul 9
Local MLSs are doomed. The case for data consolidation in real estate
The thing holding many local MLSs in place is a desire for power and control rather than seeking the best for real estate agents and brokers, writes Mainframe Real Estate founder Sean Frank
by Sean Frank Jul 9
How I secured a Soho penthouse for clients after a 4-day search
In this luxury case study, learn how The Agency's Daniel Blatman overcame multiple offers and a short timeline to help his clients meet their goals
by Daniel Blatman Jul 9
Homebuyer sentiment rebounds in June from May's record low
Fannie Mae’s monthly National Housing Survey shows many Americans may be underestimating the odds that mortgage rates will continue to pull back from 2024 peaks
by Matt Carter Jul 8
Zoom in closer: 4 regional housing insights from the Inman Intel Index
Times are tough for nearly every real estate business. But different parts of the country report unique challenges and approaches, as illustrated by Intel’s monthly gauge of industry sentiment
by Daniel Houston Jul 8