Gary Keller says 'right now, real estate is in a recession'
Keller Williams co-founder Gary Keller said the Federal Reserve's inflation policy will continue to haunt the real estate industry in 2024, but there's still plenty of opportunity for agents to succeed
by Marian McPherson Feb 27
It's the most perilous time of year to overprice a home: Opendoor
Nearly 1 in 4 homes that were overpriced at listing will end up being delisted in the slower fall months, according to a new report
by Daniel Houston Oct 5
Gary Keller: A 'rolling recession' will hit the US housing market in 2024
Keller Williams kicked off its Mega Agent Camp on Tuesday with remarks from Gary Keller, who warned of a 'rolling recession' while predicting agents will survive treacherous economic terrain
by Marian McPherson Aug 15
Compass CEO: Buyers will deal with higher rates. Sellers? Not so much
During his latest CNBC appearance, Compass CEO Robert Reffkin outlined the catch-22 of higher mortgage rates and why early pandemic boomtowns are facing a devastating bust
by Marian McPherson Apr 21
Total market value for US homes drops $2.3T from June: Redfin
In its latest real estate market report, Redfin said the total market value for US homes dropped $2.3T from June to December 2022 — the largest 6-month drop since the Great Recession
by Marian McPherson Feb 22
Buyers now snapping up homes in 15 days despite latest wave of rate hikes
Rising mortgage rates, booming home prices and scant inventory are pushing homebuyers to quicken their plans, according to Redfin's latest market report, released Friday
by Marian McPherson May 13
Existing-home sales drop for second month as buyer demand stalls
Total existing-home sales dropped by 2.7% from February 2022 and by 4.5% from March 2021 to a seasonally adjusted annual rate of 5.77 million, according to the National Association of Realtors
by Lillian Dickerson Apr 20
More agents are fighting for fewer homes: Here's how to rise to the top
The real estate industry is becoming more competitive, with NAR enrolling a record number of agents in 2021 and inventory dipping below 1M. Four brokers share how to survive choppy waters
by Marian McPherson Jan 24
Bidding wars hit the luxury market hard in December: Redfin
Winter weather didn't slow down buyers in December, according to Redfin's latest market report. Although most buyers faced bidding wars, luxury homebuyers bore the brunt of low inventory at the $800K to $1 million mark
by Marian McPherson Jan 19
US home sales prices hit another all-time high, leaving buyers in the dust
A new report released Wednesday by Redfin painted a bleak picture for homebuyers already fatigued by a tough market
by Lillian Dickerson Dec 23
Investors will lead home sales for foreseeable future: Study
John Burns Real Estate Consulting's new Resale Housing Market Index report reveals how buyers are struggling to beat investors in a frenzied market
by Marian McPherson Aug 25
Pending home sales fall further than expected in June
Pending home sales dropped 1.9% in June, and 1.9% year over year to an index of 112.8, according to the National Association of Realtors' Pending Home Sales Index
by Lillian Dickerson Jul 29
Showings 'hyperactive' in first 5 days of listing: ShowingTime
Buyer demand has slowed overall and ShowingTime expects more inventory to ease upward pressure on home prices
by Andrea V. Brambila Jul 21
Home price growth hits new record in April: FHFA
Home prices rose 1.8% in April from the previous month and 15.7% year over year, according to the Federal Housing Finance Agency. Both figures represent record growth for the HPI
by Lillian Dickerson Jun 29
RealScout launches its 15th Buyer Graph in Virginia Beach
8 brokerages have partnered to launch the Virginia Beach Buyer Graph, which hosts real-time anonymized buyer data and habits
by Marian McPherson May 26