Fannie Mae no longer expects mortgage rates to drop below 6%
Recent surge in mortgage rates could take some air out of a projected rebound in 2024 home sales, with deals driven mostly by households who can no longer put off their moves
by Matt Carter Mar 19
Housing starts leap in February as homebuilders become optimistic
Housing starts rose to a seasonally adjusted annual rate of 1.52M in February — 10.7% higher than in January, according to data released Tuesday by the US Census Bureau
by Ben Verde Mar 19
2024 Spring Outlook: Another tight market, this time with extra anxiety
As the first day of spring arrives, 3 economists shared with Inman why headwinds will continue to plague the housing market in 2024, long after a recovery was expected to revive US home sales
by Marian McPherson Mar 19
You're the CEO of your business. Time to plan like it
Sisters Maeda Palius and Amy Chorew offer guidance on developing a comprehensive business plan, so you can better understand your business as you plan for your financial future
by Maeda Palius AND Amy Chorew Mar 19
Douglas Elliman doles out Ellie awards for top NYC producers
Douglas Elliman unveiled its annual Ellie Awards this week, singling out brokers who performed well despite challenging economic conditions
by Ben Verde Mar 18
An anticipated settlement still shocks the real estate industry
Proposed settlement represents 'nothing short of a sea change' for Realtors as NAR agrees to pay $418M and make sweeping changes
ERA CEO: Help ensure that gains in Hispanic homeownership continue
ERA's Alex Vidal writes that it's everybody's job to help Hispanic homebuyers overcome challenges and achieve the dream of homeownership
by Alex Vidal Mar 18
NAR agrees to sweeping changes in $418M commission settlement
NAR would agree not to create rules that allow listing agents to set compensation for buyer brokers as part of the settlement. HomeServices of America not included in the deal
by Taylor Anderson Mar 15
LGBTQ+ Real Estate Alliance launches anti-LGBTQ bill tracker
The LGBTQ+ Real Estate Alliance launched an anti-LGBTQ bill tracker on Thursday as part of the Alliance's plan to make NAR and its lobbying arm, RPAC, stop funding anti-LGBTQ legislators
by Marian McPherson Mar 14
Surging mortgage rates gain momentum on new inflation data
Mortgage rates rise for the fourth day in a row, pushing back through 7% as more worrisome inflation data puts to rest any lingering hopes for a Federal Reserve rate cut this spring
by Matt Carter Mar 14
Hilton heads back to campus with $210M Graduate Hotels acquisition
Hilton Worldwide Holdings has agreed to pay $210M for the Graduate Hotels brand, a 10-year-old company that operates hotels in some of the nations biggest college towns
by Ben Verde Mar 14
Illinois Supreme Court says Chicago tax hike can move ahead
A fiscal watchdog also released a report warning that Chicago leaders may not have studied the issue thoroughly before putting it on the March 19 ballot
by Taylor Anderson Mar 13
Homebuyers made hay while mortgage rates were down
Purchase loan applications surged for the second week in a row last week, but now rates are headed back up as worrisome inflation data casts doubts on timing of Fed rate cuts
by Matt Carter Mar 13
PureWest Christie's International Real Estate expands to Idaho
The Kalispell, Montana-based affiliate is adding an office of 8 agents to Sandpoint, Idaho, as the town's luxury market grows
by Lillian Dickerson Mar 12
Zillow economist identifies 11 cities primed for real estate investors
Zillow Chief Economist Skylar Olsen said these markets are ideal cities for real estate investors to purchase properties in the coming years
by Ben Verde Mar 12
Inflation rises to 3.2% in February, raising doubts about soft landing
Inflation rose 0.4% in February to an annual rate of 3.2%, with shelter and gas costs contributing substantially to the uptick, according to the the Bureau of Labor Statistics' Consumer Price Index
by Ben Verde Mar 12