Summer slump sees buyers back out of deals at record rates
Rising home prices and mortgage rates, and sticker shock from surprise housing costs, pushed buyers to cancel 56K home-purchase agreements in June, according to Redfin
by Marian McPherson Jul 23
Housing market bubble ready to 'pop' in the South, analyst warns
Nashville-based analyst Nick Gerli sparked a social media firestorm with claims of a bubble. But economists dismissed fears, saying the area is home to some of the 'most normalized' markets
by Marian McPherson Jul 17
BofA analysts cast doubts on prospects for 2025 sales rebound
'The US housing market is stuck, and we are not convinced it will become unstuck anytime soon,' economists at Bank of America Global Research said of ongoing housing affordability issues
by Matt Carter Jun 27
Median home sale price in US rises to record high as transactions dip
The median sale price for an existing home in the US has grown to a whopping $419,300 — the highest since NAR began tracking the metric — following 11-consecutive months of price gains
by Ben Verde Jun 21
Is your coach legit? 5 warning signs to watch for
There’s a lot of new information out there — and a lot of bad info, too. Christy Murdock offers red flags to watch out for when choosing a coach or trainer
by Christy Murdock Jun 11
Median price per square foot is up 52.7% since 2019: Realtor.com
Home values have boomed over the past 5 years, with New York, Boston and Nashville experiencing double-digit gains in the median price per square foot
by Marian McPherson Jun 4
Renters are staying put for longer as housing costs rise
Affordability continues to create challenges for would-be buyers, keeping renters in place for longer, according to a new report from Redfin
by Ben Verde Jun 3
Engel & Völkers Americas launches Real Estate Sentiment Index
The index is based on about 250 responses collected each month from the firm's real estate professionals across the US, Canada, Caribbean and Mexico
by Lillian Dickerson May 10
Low-income buyers' mortgage applications drop to 2018 levels
Households with a median income of $64K or less lost their buying gains in 2023, according to Redfin. The share of new mortgages issued to this group dropped 11% from 2020 to 2023
by Marian McPherson May 8
home prices increased in June
Low inventory drove prices higher nationwide despite some of the highest mortgage rates in decades, National Association of Realtors Chief Economist Lawrence Yun said on Wednesday
'Buyers are losing faith in the American Dream:' Redfin CEO
Redfin CEO Glenn Kelman said rising rates and home prices are crushing consumer sentiment. However, rising inventory and a year-end interest rate cut will be key to restoring it
by Marian McPherson Apr 26
Canada easing mortgage terms for first-time new homebuyers
Mortgage changes set to take effect Aug. 1 are part of Canadian government's ambitious plan to boost housing construction by 2 million and help renters save up for a down payment
by Matt Carter Apr 15
Billionaires brawl as everyone else just tries to get by: The Download
As mortgage heads from UWM and Rocket fight it out in the press, it seems like both agents and consumers are just wondering how they're going to pay the bills
by Christy Murdock Apr 13
More and more renters believe they will never own a home
Thirty-eight percent of renters don't believe they will ever own a home — up from 27 percent less than a year ago, according to Redfin
by Ben Verde Apr 12
Pending home sales tally modest uptick amid rise in jobs, inventory
Fueled by positive job growth and an increase in available housing, the National Association of Realtors' Pending Home Sales Index rose 1.6% in February, according to data released Thursday
by Lillian Dickerson Mar 28