Will an inventory shortage stymie spring? Look to 1994 for clues
This spring won't be easy for homebuyers and their agents, but history is full of examples in which the supply of homes went down, but sales kept chugging along, according to an Inman analysis
by Jim Dalrymple II Mar 29
'2021 all over again': Agents get to work as spring homebuying arrives
On the first day of spring, agents across the US who spoke to Inman saw the return of bidding wars and busy open houses, suggesting that after a slow 2022 the market is turning a corner
7 reasons agents fail (and how to avoid their mistakes)
Do you know what to do to rise above a challenging market? Here's how to avoid the biggest mistakes agents are making right now
by Jimmy Burgess Mar 16
William Lauder buys Rush Limbaugh's Palm Beach estate
The $155M deal marks a new record price for the market of Palm Beach where the priciest deal previously went to hedge funder Ken Griffin's purchase of 4 parcels for $129.6M in 2013
by Lillian Dickerson Mar 13
Inventory struggle is real, leaders declare in exclusive Inman survey
Leaders and agents who took Inman's first Intel leadership survey said inventory is among their biggest challenges right now — but growing in 2023 isn't totally out of the question
by Jim Dalrymple II Mar 13
This 22-year-old agent did $16M in Year 1. Here's how he did it
Rookie Noah Escobar focused on a solid niche, built relationships with agents (before he was one himself) and worked the phone, among other things. Here's what he's doubling-down on this year
by Jimmy Burgess Mar 9
Florida top producers Adam Levy and John D'Amico join Compass
Agents join Compass from Berkshire Hathaway HomeServices in the Miami and 30A markets and boast at least 25 years of experience in the industry, Compass exclusively told Inman
The message is blunt: Real estate leaders anticipate a tough 2023
Inman's first-ever Intel leadership survey revealed that leaders think the market will be worse in 2023 compared to 2022 — but they also expect to thrive regardless of the economic headwinds
by Jim Dalrymple II Mar 8
There are 1.25 million fewer million-dollar homes in America in 2023
The share of $1M homes in the US dropped from a high of 8.6% in June 2022 to approximately 7% in January, due in part to higher mortgage rates that have cut into homebuyer purchasing power
Utah 1st state to ban long-term listing agreements enforced by lien
Legislation expected to go into effect April 1 addresses allegedly deceptive tactics employed by MV Realty and was based on a model bill drafted by American Land Title Association
by Matt Carter Mar 2
This little-known niche helps charities (and agents) get paid
Help your favorite non-profit unlock charitable gifts of real estate while you earn a full commission as well
by Bernice Ross Mar 2
Better lets Amazon workers put up stock as mortgage collateral
Through Better's Equity Unlocker program, borrowers pay a higher interest rate and Better can seize pledged shares if owners default or try to sell their stock before paying off their mortgages
by Matt Carter Feb 28
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
Costly housing spurred California's 500,000-person pandemic exit
The state's population exodus was second only to New York, which lost 15,000 more people. The sky-high cost of housing was the residents' primary reason for departure
by Lillian Dickerson Feb 21
federal flood insurance lapse
Study led by economists at the Environmental Defense Fund identifies some surprising regions, such as Appalachia and northern New England, as overvaluation hotspots
by Matt Carter Feb 16