Existing-home sales slip again in April even as inventory improves
Existing-home sales continued to fall in April, down 0.5% from March to a seasonally adjusted rate of 4M last month, according to data released Thursday by the National Association of Realtors
by Richelle Hammiel May 22
Bessette Flavin becomes Louisiana's largest C21 affiliate
The newly formed brokerage is the result of a union between 2 longstanding, family-owned brokerages: Century 21 Bessette Realty and Flavin Realty
by Richelle Hammiel May 15
Move-up homebuyers drive surge in mortgage loan applications
Purchase loan demand up 11% last week, with 'surprisingly strong' demand from conventional loan borrowers given lingering economic uncertainty, MBA economist Mike Fratantoni says
by Matt Carter May 7
A 'herky jerky' start to the spring buyer season isn't deterring agents
Economic anxiety and rising mortgage rates curbed hopes of a robust spring, but economists tell Inman a strong new-home market offers a sliver of hope that the coming months will be better
by Marian McPherson May 1
Number of cities with $1M starter homes balloons 174% from 2020
From 2020 to 2025, the number of cities with $1M starter homes has grown from 85 to 233. Such cities were spread across 25 states; California and New York had the highest concentration
by Marian McPherson Apr 24
Existing-home sales fall to slowest pace since 2009 amid rising costs
Existing-home sales dropped by 5.9% from February and by 2.4% from March 2024 as homebuyers continued to deal with affordability challenges, said NAR Chief Economist Lawrence Yun
by Lillian Dickerson Apr 24
Existing-home sales rebounded in February amid inventory uptick
As buyers cautiously reentered the market, existing-home sales rose 4.2% from January to 4.26M, according to data released Thursday by NAR. Compared to last year, sales remained down by 1.2%
by Richelle Hammiel Mar 20
Foyer is a better way to FHSA: Tech Review
The company built its features around and offers First Time Homebuyer Savings Accounts. The interest-bearing account type is designed to put new buyers in homes
by Craig C. Rowe Mar 7
luxury client, luxury niche, luxury buyer, luxury agent
Don’t fall into the ‘be everything to everyone’ trap, Debra Trappen writes. Instead, attract your dream clients, fuel your passions and experience fulfillment by discovering your true niche
by Debra Trappen Mar 5
First-time buyer savings platform Foyer raises $6.2M
Contributing investors included Alpaca VC, Hometeam, Animo Ventures and ResilienceVC. Funds will help Foyer invest in consumer confidence, savings and education, said founder Landy Liu
by Lillian Dickerson Jan 28
LoanDepot adds to its stable of homebuilder joint ventures
Partner in Ridgeland Mortgage, Smith Douglas Homes, went public in January and targets price-conscious entry-level and empty-nest homebuyers in the South and Southeast
by Matt Carter Nov 5
First-time homebuyers fell further behind this year, NAR says
The share of recently bought homes that went to first-time homebuyers fell to less than 1 in 4 between July 2023 and June 2024, according to a new report
by Taylor Anderson Nov 4
Rising mortgage rates are taking their toll on homebuyer demand
Demand for mortgages is at the lowest level since July, although MBA survey shows purchase loan requests are up slightly from a year ago when rates were headed for post-pandemic highs
by Matt Carter Oct 23
How to use down payment assistance to close more deals
Looking for a way to differentiate the service you provide to buyers? Luke Babich writes that a top-down knowledge of down payment assistance programs in your area can help you stand out
by Luke Babich Oct 17
Election anxiety is keeping first-time homebuyers at bay: Redfin
23% of buyers said they're postponing buying plans until after Election Day, according to a new Redfin survey. Those who are waiting hope to reap the benefits of the winner's housing plans
by Marian McPherson Oct 15