In 5 months, homebuyers have lost $30K in purchasing power
It doesn't matter that there are fewer buyers to compete against. Rising mortgage rates and depleted inventory continue to erode options, according to new Redfin data released Thursday
by Daniel Houston Jul 13
Knock Home Swap
Consumer confidence in the housing market 'appears to have plateaued at a relatively low level,' said Fannie Mae Chief Economist Doug Duncan in a new homeowner survey released on Friday
by Matt Carter Jul 7
US home prices projected to grow 'convincingly' in 2024: Economist
Existing-home sales are expected to tumble to a 12-year low by the end of 2023, but they won't stay that way for long, Realtor.com Chief Economist Danielle Hale predicted on Wednesday
by Taylor Anderson Jul 6
Average homes sell above asking price for first time since last year
The average sale price nationwide just exceeded 100% of list price for the first time since August of last year, according to a new market report from Redfin released on Thursday
by Daniel Houston Jul 6
The stories and trends that defined a whirlwind first half of 2023
Intel takes a look back at the market trends, brokerage strategies, Wall Street happenings and legal controversies that shook the past 6 months and could well define the remainder of 2023
by Marian McPherson Jul 5
Kendall Bonner: The industry isn't ready for reality of commission suit
Bonner, an eXp team leader, has been vocal about the need for agents and brokers to consider how they'll serve buyers in a post-lawsuit landscape. She expanded on her concerns with Intel
by Daniel Houston Jul 5
Summer Cooldown: New homes will offer a lifeline for some agents
Three leading economists share what's ahead for the summer, from the continued struggle with mortgage rates to a resurgence in bidding wars and the gift of new-home sales that keeps giving
by Marian McPherson Jul 5
New listings plummet 27%, marking biggest annual fall since pandemic
The number of new listings coming onto the market has plunged since June 2022, according to data released Thursday by Redfin. Transaction levels remain low even as home prices creep higher
by Daniel Houston Jun 29
The inventory recovery suffered a setback. Is it just temporary?
The housing downturn was supposed to bring the market back into balance between buyers and sellers. But recent inventory gains have stalled
by Daniel Houston Jun 14
Price, cost and value: You (and your clients) should be looking at all 3
While often used interchangeably, these three factors speak to different aspects of your business — and your clients’ decision-making process
by Troy Palmquist Jun 10
It's definitely a seller's market: Buyer sentiment sags in poll
With home prices propped up by scarce inventory and mortgage rates showing few signs of easing, only 19% of Americans surveyed by Fannie Mae thought May was a good time to buy
by Matt Carter Jun 9
Robert Reffkin: Sub-4% mortgages are 'handcuffs' for home inventory
In a Bloomberg Markets TV appearance, the top boss at Compass said homeowners are treating a 3% mortgage rate 'as a financial asset' — at least for now
by Daniel Houston Jun 8
Second month of home price gains could signal end to year of declines
US home prices rose 0.7% in March, notching a second-straight month of upticks while suggesting declines that began in 2022 may be winding down, according to data from CoreLogic and the FHFA
by Ben Verde May 30
Massive metro-to-metro home price gaps reach 13-year highs
Early-pandemic migration trends are still impacting market growth, with pandemic boomtowns' home price growth still outpacing historically expensive coastal markets
by Marian McPherson May 23
A recession is looming. How will it affect real estate?
Opinion
The bad news is that a recession is on the horizon. The good news? People will move anyway, driven by a host of other factors
by Chris Drayer May 12