Homebuyers are out in force and mortgage rates are coming down
With 7.24M Americans out of work in July and payroll growth slowing to an average of 35K jobs a month, the Fed is expected to pivot from fighting inflation to preserving jobs
by Matt Carter Aug 27
House with a "for sale" sign in the front yard
In the past 2 months, the total number of homesellers in the market has fallen from a peak of 1.96M in May to 1.95M in July, Redfin reported
by Lillian Dickerson Aug 27
existing home sales
Existing-home sales increased 2% MOM and 0.8% YOY in July, according to the trade group. Active inventory rose to its highest level since May 2020, tipping the scales toward market balance
by Marian McPherson Aug 21
TikTok's Brownstone Whisperer
New York City-based real estate broker and developer Mark O'Brien shares his formula for success on TikTok, where he's amassed 71K followers who follow his rugged renovations
by Marian McPherson Aug 21
Summer sales have hit their slowest pace in 10 years
A growing number of homes sitting longer on the market has made buyers more relaxed about transacting, causing some to wait it out or even cancel contracts because they have more options
by Lillian Dickerson Aug 18
New listings grew 276% last week — but it's not enough
Annual new listing growth jumped from 1.7% to 6.4% in 1 week. However, Realtor.com said the listing jump hasn't translated to more home sales as homebuyers struggle with affordability
by Marian McPherson Aug 14
How I use Inman's latest tools to help my clients
Earlier this month, Inman launched 2 new market data tools: Market Explorer and Market Trends. Here's how senior housing specialist Rachael Hite is using them to help her clients make decisions
by Rachael Hite Aug 13
Love is blind, but FICO isn’t: Guiding couples with mismatched credit
Agents need to talk with buyer clients about credit and financing early in the process, Lindsey Harn writes, to avoid disappointment later
by Lindsey Harn Aug 7
Anywhere CEO Ryan Schneider hints at more acquisitions and wants practical AI, not ‘hot air’
From the main stage at Inman Connect San Diego on Thursday, Schneider envisioned an era in real estate where a smaller number of competitors deliver a higher level of value for buyers and sellers
by Taylor Anderson Jul 31
Realtor.com CEO is ready to 'turn off' Clear Cooperation debate
At Inman Connect San Diego, Realtor.com CEO Damian Eales said it's time to turn the page on Clear Cooperation and focus on solving consumers' main challenge — affordability
by Marian McPherson Jul 31
10 fresh ways to move new clients from hesitation to handshake
Working with commitment-phobic clients can be a struggle, coach Darryl Davis writes, but with empathy and education, you can guide the most hesitant client toward a confident handshake
by Darryl Davis Jul 31
Homebuyers still have jitters about the economy and job market
Mortgage rates have stabilized and more inventory is coming online, but applications for purchase loans fell by a seasonally adjusted 6% last week compared to the week before
by Matt Carter Jul 30
Home for sale sign, with sale pending
Pending home sales fell MOM and YOY in June, according to the National Association of Realtors. Economists are split on what the decline means as buyers navigate wider economic fears
by Marian McPherson Jul 30
Slowing price growth still doesn't open doors for homebuyers
Home price growth slowed to the lowest level in 2 years in May. However, market pressures, primarily from elevated mortgage rates, mean buyers are still struggling to afford homes
by Marian McPherson Jul 29
Many buyers think home prices will only rise. Is that a safe bet?
New survey of thousands of US consumers by Inman and Dig Insights suggests many homebuyers are spurred to enter an unaffordable market by the assumption that things can only get worse
by Daniel Houston Jul 28