Compass CEO Robert Reffkin to agents: 2021 will be 'best year ever'
In a memo sent to the companies agents and employees, Robert Reffkin celebrated the company's 2020 achievements and looked ahead to the upcoming year
by Patrick Kearns Jan 4
Homeownership became unaffordable for most Americans in Q4
The average wage fell below the level needed to afford the typical home in the fourth quarter of 2020, according to ATTOM Data Solutions
by Patrick Kearns Dec 30
inventory crisis
Phoenix, Seattle and San Diego continue to lead the way in home sale price increases
by Patrick Kearns Dec 29
A woman's hand opening a door
A handful of economists shared with Inman their forecasts for home sales and prices, inventory, the impact of a coronavirus vaccine and the risk of another recession
by Andrea V. Brambila Dec 24
The surge in new single-family home sales is slowing down
The sales rate of new single-family homes dropped 11% from October to November
by Patrick Kearns Dec 23
Home prices in October rose at the highest rate in 15 years: FHFA
Prices were up 10.2% from October 2019 to October 2020, according to the Federal Housing Finance Authority's monthly home price index, released on Wednesday
by Patrick Kearns Dec 23
Economists predict GDP growth, mortgage rate increases in 2021
More stimulus is needed to prevent the economy from hitting another 'soft-spot,' according to economists who spoke at annual summit hosted by the National Association of Realtors
by Patrick Kearns Dec 10
October contract signings surge way beyond last year's levels: NAR
The Pending Home Sales Index, an indicator of future sales based on contract signings, rose 20.2% from October 2019, according to the National Association of Realtors
by Patrick Kearns Nov 30
Home prices continued to explode in September: Case-Shiller
Home prices rose 7 percent year over year in September as the hot housing market continued into fall, according to the latest analysis from Case-Shiller
by Patrick Kearns Nov 24
Low inventory and rising prices to continue in 2021: Homesnap
Homesnap predicts homebuying demand will remain hot and inventory will continue to decline in 2021 — unless sellers can be enticed to enter the market
by Lillian Dickerson Nov 23
Existing-home sales continue to rise for fifth consecutive month: NAR
Existing-home sales in October 2020 were up 4.3% from the previous month and up 26.6% from one year ago, according to a report from the National Association of Realtors
by Lillian Dickerson Nov 19
NAR: After 2020 boost, home sales will leap next year
NAR Chief Economist Lawrence Yun predicts existing-home sales will rise 9% in 2021
by Andrea V. Brambila Nov 18
Home prices rise in opportunity zones, but lag behind nationwide gains
A report by Attom Data Solutions reveals that opportunity zones experienced a strong quarter, but gains still fell below the pace of broader metro areas across the US
by Lillian Dickerson Nov 11
The hot housing market isn't ending any time soon: Zillow
Closed sales of existing homes increased 9.4% from August to September, yielding a 20.9% increase year over year, the highest rate recorded since 2006
Homes sold faster in October than September for first time since 2011
For the first time in 9 years, homes sold faster in October than September as low-interest rates continue to unlock pent-up buyer demand, according to new data from realtor.com
by Marian McPherson Nov 5