US homebuyer down payments reach new record, outpace prices
In June, the median down payment soared to a record $67,500, a 14.8% increase from $58,788 the previous year, according to a Redfin analysis
by Richelle Hammiel Aug 28
Borrowers clash on how far rates need to fall before they're 'Golden'
How low do rates need to go to reinvigorate the housing market? Buyer and seller responses vary in the latest Inman-Dig Insights consumer survey, suggesting its contours are still being shaped
by Daniel Houston Aug 27
What homebuyers can expect now: Mandatory consults, exclusive reps
As real estate's new reality takes shape, buyer agents are exploring new ways to streamline processes and communicate effectively with clients, The Medford Team CEO Carl Medford writes
by Carl Medford Aug 27
Big life moments aren't only factor driving homebuyers in 2024: Poll
Active homebuyers are motivated by numerous factors — including a desire to find a larger or nicer home in this high-rate environment — according to the latest Inman-Dig Insights consumer survey
by Daniel Houston Aug 23
Pandemic redux? Buyers, sellers disagree on the 'golden rate': Intel
How low do rates need to go to reinvigorate the housing market? Buyer and seller responses vary in the latest Inman-Dig Insights consumer survey, suggesting its contours are still being shaped
by Daniel Houston Aug 19
Highnote launches AI-powered buyer presentation system
In an exclusive interview with Inman, Highnote founder and CEO Mark Choey unveiled his company's latest products aimed at helping agents 'win buyers' in a post-settlement world
by Marian McPherson Aug 16
Typical monthly mortgage plunges from all-time high recorded in April
The latest adjustment marks the lowest a typical payment has been in 6 months — and, with a mere 1% month-over-month increase, the smallest uptick in 5 years, according to a Redfin analysis
by Richelle Hammiel Aug 15
Falling rates pique buyers' interest, but not their pocketbooks
A surprise drop in mortgage rates got homebuyers off the sidelines and into home tours. However, affordability and recessionary concerns have kept buyers from making purchases
by Marian McPherson Aug 9
Victims awarded $12M in flipper scheme repped by HGTV stars
The Federal Trade Commission (FTC) is distributing $12M in payments to customers caught in a real estate house-flipping scheme operated by Zurixx, LLC and promoted by a lineup of celebrities
by Richelle Hammiel Aug 2
EXp Realty adds 65-agent St. Louis brokerage to its roster
3-year-old indie brokerage Delhougne Realty Group has joined eXp. The brokerage's 65 agents closed $353.33M in sales in 2023
by Marian McPherson Jul 31
Kitchen islands still reign supreme with homebuyers: Study
Remodeling marketplace Fixr's 2024 home design survey revealed homebuyers are prioritizing organization and energy-saving features, alongside open and hybrid floor plans
by Marian McPherson Jul 29
Forced to move? Not quite. The real reasons buyers are shopping now
A surprising share of homebuyers are seeking to 'move up' in home. And the next wave of clients may have different priorities in mind, according to the Inman-Dig Insights consumer survey
by Daniel Houston Jul 29
Summer slump sees buyers back out of deals at record rates
Rising home prices and mortgage rates, and sticker shock from surprise housing costs, pushed buyers to cancel 56K home-purchase agreements in June, according to Redfin
by Marian McPherson Jul 23
Suburban Chicago homeowner hit with $30K property tax bill in error
Homeowner Darryl Lloyd was stunned to receive an errant property assessment of more than $1M from assessors, causing his bill this year to skyrocket from $1,800 to a whopping $30K
by Richelle Hammiel Jul 9
It's now a buyer's market in Manhattan, new report suggests
Rising inventory and shifting seller expectations have given homebuyers the upper hand in Manhattan, according to Douglas Elliman's latest quarterly report
by Marian McPherson Jul 3