Low inventory and high rates: Where do we go from here?
Tune in to Inman Access as industry experts share their thoughts on the state of the market and tactical solutions to implement in your business to continue to see success in 2024
by Claire Buzzanca Feb 8
Mortgage rates lead to biggest pending sales drop since October
A record one-day jump in mortgage rates on Feb. 2 pushed pending sales down 8 percent — the biggest decline since October, according to Redfin's latest market report
by Marian McPherson Feb 8
A softer rental market isn't enough to help hopeful homebuyers
Realtor.com's survey of more than 4K landlords and renters found that, although landlords are easing rental increases, it's not enough to help renters improve their financial outlooks
by Marian McPherson Feb 8
Falling rates helped drive home price growth in Q4, NAR says
US home prices shot up in 86% of the 221 metropolitan areas tracked by the National Association of Realtors and rose 3.5% in the fourth quarter, according to data released Thursday by NAR
by Taylor Anderson Feb 8
Forget what you think you know about holiday listings
To achieve extraordinary results, The Agency's Deedee Howard writes, sometimes it pays to ignore conventional wisdom and pursue a more strategic marketing plan
by Deedee Howard Feb 8
Hawaii legislator floats bill banning foreign buyers from island
Hawaii State Senator Brenton Awa has presented a bill aimed at banning foreign buyers from purchasing or investing in property on the island. The bill goes up for a vote on Feb. 13
by Marian McPherson Feb 7
How to approach and tailor your business plan to today's market
Watch the latest Inman Access class to hear what industry experts are prioritizing in 2024 and how the current market will impact or change the way they are approaching their business plans
by Claire Buzzanca Feb 7
Homebuyer purchase loan demand falls again as mortgage rates firm
After picking up during the first 3 weeks of January, MBA lender surveys show applications for purchase loans are contracting, with mortgage rates no longer in free fall from 2023 highs
by Matt Carter Feb 7
Housing sentiment improves on hopes for lower mortgage rates
Consumer sentiment toward housing increased to the highest level in nearly 2 years in January, with a record number expecting mortgage rates to come down in the year ahead: Fannie Mae
by Matt Carter Feb 7
Prank? Protest? Graffitied LA high-rise sparks housing crisis debate
A group of graffiti artists tagged Oceanside Plaza, an unfinished luxury high-rise near the site of the 2024 Grammy Awards. Two of the 12 artists were arrested and charged with trespassing
by Marian McPherson Feb 7
70 public housing employees charged with bribery in New York
The charges amount to the largest number of federal bribery charges ever filed on a single day, according to the Department of Justice
by Ben Verde Feb 6
How love and politics are impacting homebuyers' decisions
Although affordability is still the No. 1 factor in most homebuyers' moves, 2 surveys from Zillow and Redfin reveal politics and romance also play a role
by Marian McPherson Feb 6
Federal judges side with plaintiffs in Chinese buyer ban hearing
2 of the 4 plaintiffs who filed a lawsuit in November against Florida's foreign buyer ban have been awarded a temporary injunction that allows them to resume stalled transactions
by Marian McPherson Feb 6
Sluggish net new listings signal that the lock-in effect is not over
Home valuation platform HouseCanary's January housing report revealed persistent skittishness among homesellers, as net new listings tumbled 17.5% from January 2023
by Marian McPherson Feb 5
Investment sales dropped 45% in Manhattan last year
Investor sales in Manhattan had their worst year in the past decade during 2023, if 2020 is excluded, according to a report from Ariel Property Advisors
by Ben Verde Feb 5
A recovery in new listings is easy to miss — but it may be underway
Winter is always slow, but new listings have been trending toward normal levels in recent months, according to a new Intel analysis of US homes for sale. Lower rates may only speed up the process
by Daniel Houston Feb 5