Home inventory finally showing signs of life in November
There were 7.5% more homesellers listing their homes in November 2023 than in November 2022, according to Realtor.com, with total inventory up as well, ending a 4-month slide
by Ben Verde Nov 30
Pending home sales fall to lowest level in more than 20 years
Pending sales fell 1.5% month over month in October to a reading of 71.4, the lowest score recorded since the Pending Home Sales Index began publishing in 2001
by Ben Verde Nov 30
Defy the market: Strategies for success from industry experts
Tune in to this week's latest Inman Access class, and hear from 3 industry experts on what real estate professionals should be prioritizing to see success in today's market and in 2024
by Claire Buzzanca Nov 30
5 reasons minority, LGBTQ+ buyers should invest in real estate now
Opinion
Don't let fear keep LGBTQ+ and minority clients from realizing the benefits of homeownership. Zak Shellhammer offers ideas for becoming an advocate and adviser for all of your buyers
by Zak Shellhammer Nov 30
The top 10 cities buyers want most are smaller, more affordable
According to a new report from Redfin, relocating homebuyers continue to seek out more affordable locales in favor of big, expensive coastal cities
by Ben Verde Nov 29
Homebuyers seizing the day as mortgage rates continue to slide
Demand for purchase loans picks up for 4th consecutive week, and bond market investors are pushing rates lower on hopes for Fed easing as inflation subsides
by Matt Carter Nov 29
What other cities can learn from LA's rocky 'mansion tax' rollout
LA's new tax on high-priced property sales has been a drag on the real estate industry while raising far less revenue than the city expected, an Intel analysis suggests
by Lillian Dickerson Nov 29
Lennar fights high home prices with 3 new mid-range models
The homes are part of the company’s 'Everything’s Included' incentive, which offers a one-stop solution for outfitting a new home
by Craig C. Rowe Nov 28
Fannie and Freddie 2024 loan limits upped to $766,550 in most areas
Surge in Q3 home prices pushes mortgage giants' conforming loan limits in high-cost housing markets to $1,149,825 for single-unit properties, and up to $2,211,600 for 4-unit properties
by Matt Carter Nov 28
35% of Americans hope the housing market will crash in 2024
LendingTree's latest consumer survey revealed 35% of Americans hope the market will crash in the next 12 months. They believe an economic downturn will lower mortgage rates and home prices
by Marian McPherson Nov 28
Home prices climb higher for 7th straight month, led by Detroit
National home prices climbed 3.9% from a year earlier in September and were up 0.7% from the previous month. Detroit was the market with the highest price growth, followed by San Diego
by Ben Verde Nov 28
Need an in-law suite? NYC will give you $395K to build a tiny home
The pilot program, dubbed 'Plus One ADU,' draws on a $2.6M grant from New York State Homes and Community Renewal. As many as 15 eligible single-family homeowners will receive funds
by Lillian Dickerson Nov 28
How the Sitzer | Burnett decision hurts minority homebuyers
Opinion
According to Keller Williams Head of Inclusion and Belonging Julia Lashay Israel, the Sitzer | Burnett commission case has broad implications for the accessibility of homeownership
New-home sales fall beneath the weight of October mortgage rates
Sales of newly built single-family homes clocked in at a seasonally adjusted annual rate of 679,000 during the month of October
by Ben Verde Nov 27
Economists agree rates have peaked. But will they come down?
Two closely watched forecasts agree that mortgage rates have probably peaked, but the MBA and Fannie Mae diverge sharply on how quickly they'll come down over the next 2 years
by Matt Carter Nov 22
Homebuyers perk up as mortgage rates hit lowest level in 2 months
Requests for purchase loans were up 4% last week compared to the week before, but down 20% from the same time a year ago, Mortgage Bankers Association's weekly survey of lenders finds
by Matt Carter Nov 22