Consumer housing sentiment drops for first time since November
Fading hopes that mortgage rates will come down in the next 12 months are primary drag on Fannie Mae's Home Purchase Sentiment Index, but job and income concerns also up in March
by Matt Carter Apr 8
JPMorgan Chase CEO warns of higher rates, more inflation
Jamie Dimon thinks interest rates could rise to 8% or more. He also said in a new letter that a recession and stagflation could be in the offing
by Jim Dalrymple II Apr 8
St. Louis, The Arch, Missouri
First-time homebuyers made up half of all homebuyers in St. Louis in 2023, according to Zillow. That's the highest share the city has seen since at least 2017
by Ben Verde Apr 5
It's up to you to make lemonade out of a sour NAR settlement situation
Consumers have been given a front-row seat to the chaos unfolding in our industry, Rachael Hite writes. As the situation unravels, who will make lemonade and who will feast on sour grapes?
by Rachael Hite Apr 5
Disappointing economic news hampers early spring market
Economic headwinds and a holiday weekend caused new listings and home tour requests to fall at the end of March, according to Redfin's report. The portal is still bullish on future spring activity
by Marian McPherson Apr 4
Say farewell to the 'Forever Home'
You need to earn $100K just to afford a starter home. Rachael Hite writes that, like spotting a dodo bird, finding your forever home in today's market might be a thing of the past
by Rachael Hite Apr 4
10 reasons to embrace the shift to a seller-focused business
Opinion
If agents want to beat out their local competition, writes trainer and leadership expert Jeff Glover, they need to start focusing on owning the listing inventory in their markets
by Jeff Glover Apr 4
Would-be homebuyers balk as mortgage rates head back up
MBA surveys show purchase loan applications have been flat for 2 consecutive weeks, and now mortgage rates are popping again as more worrisome inflation data rolls in
by Matt Carter Apr 3
Putrid garbage house stinks up LA neighborhood
The trash-strewn property is sandwiched between 2 large, multimillion-dollar mansions, and residents are concerned the mounds could negatively affect property values in the area
by Ben Verde Apr 3
New homeowners plan to spend 40% of income on repairs: Study
Thumbtack's survey revealed the depths of new homeowner anxiety regarding home repairs. The typical buyer surveyed spent $30K on repairs during their first year of homeownership
by Marian McPherson Apr 3
Jeff Bezos adds $90M mansion to Miami property portfolio
The mansion marks the Amazon founder's third such purchase on Indian Creek Island, an exclusive enclave in Miami with limited availability. The island is also known as 'Billionaire Bunker'
Troubled WeWork projects savings of $8B through restructured leases
The bankrupt provider of coworking spaces is aiming to emerge from chapter 11 bankruptcy before June through the restructuring of hundreds of leases, company executives said Tuesday
by Ben Verde Apr 3
On the cusp of capital? Doubts creep in, broker-owners tell Intel
Brokerage leaders told Intel their faith in improving capital conditions is still alive but weakening. What happens next remains an open question with high stakes for the real estate industry
by Daniel Houston Apr 3
California legislator proposes $1.25B affordable housing bill
Rep. Adam Schiff announced The Affordable Housing Conversion Act on Tuesday, which allocates $1.25B over 5 years to convert government-owned buildings into affordable housing
by Marian McPherson Apr 2
'Million-dollar' cities have spiked to a new high in the US: Report
There are now 550 'million-dollar' cities in the U.S. compared to 491 last year. California is home to nearly half of them, according to a new Zillow analysis
Lesson Learned: Embrace change and evolve with it
Find out how South Florida luxury agent Carlo Dipasquale learned that the only constant is change — and that what matters is how you navigate it
by Christy Murdock Apr 2