Record $700B worth of listings on market, but sales are sluggish
US home inventory hit a record $698B in April — a 20.3% increase from the previous year — but sales aren't keeping pace, a new analysis from Redfin shows
by Richelle Hammiel Jun 3
NAR Midyear heads to Washington DC at critical moment for housing
The National Association of Realtors Legislative Meetings begins Saturday with free speech, agent pay and affordability on the agenda. Inman breaks down the panels bound to draw a crowd
by Jim Dalrymple II May 30
Home for sale sign, with sale pending
Even with more inventory entering the market, homebuyers are struggling with elevated mortgage rates, NAR Chief Economist Lawrence Yun said, leading to fewer signed contracts
by Lillian Dickerson May 29
The spring sizzle fizzles: Economic jitters chill buyer demand
Despite a flood of new listings, buyers are cooling off from high prices, rising mortgage rates and economic uncertainty, according to new reports from Zillow and Redfin
by Richelle Hammiel May 16
Homebuyers out in force for a 2nd week as mortgage rates stabilize
With more homes to choose from, purchase loan applications were up 18% from a year ago last week as buyers forged ahead despite economic uncertainty, MBA lender survey finds
by Matt Carter May 14
Federal layoffs are fueling an inventory surge in nation's capital
Active listings in Washington, DC, have surged 25.1% year over year, the largest jump on record and nearly double the national increase of 14.2%, new Redfin data released Wednesday shows
by Richelle Hammiel May 7
Concessions surge as homesellers offer sweeter deals in sour markets
In the first quarter of the year, 44.4% of homesellers included concessions in their deals, just shy of the record 45.1% seen at the start of 2023, according to new data released Monday by Redfin
by Richelle Hammiel Apr 22
Homes are sitting longer and not just because of mortgage rates
As of March, the typical US home took 47 days to sell, the longest stretch in 6 years. Those longer stretches on the market tend to discourage competition, a Redfin report found
by Richelle Hammiel Apr 17
How to lead through market uncertainty with facts, not fear
We don’t control interest rates or government layoffs, broker Thai Hung Nguyen writes. But we do control how we lead, educate our agents and build trust in the marketplace
by Thai Hung Nguyen Apr 7
Bay Area, NYC buyers drive bidding wars as market shifts loom
In 8 of the nation's largest metros, there was an uptick in homes that sold above asking price last month -- half of those metros in the Bay Area or New York, according to a Redfin report
by Richelle Hammiel Apr 1
Most Gen Z sellers have regrets over pandemic home purchases
Five years after the arrival of COVID in the US, 94% of Gen Z and 86% of millennial first-time homesellers say they regret their pandemic-era purchase, according to an analysis by Opendoor
by Richelle Hammiel Mar 27
Pending home sales tick up as buyers make cautious comeback
The Pending Home Sales Index (PHSI) rose by 2.0% to 72.0 in February, according to new data released Thursday by NAR. But contract signings fell 3.6% compared to last year
by Richelle Hammiel Mar 27
Homebuyers respond as mortgage rates hover near 2025 lows
Purchase loan requests are up 7% from a year ago, as loosening housing inventory and a pullback in mortgage rates presents FHA buyers with more opportunities: MBA survey
by Matt Carter Mar 26
US home prices rose modestly in January, led by NYC and Chicago
The FHFA Housing Price Index posted a 4.8% annual growth rate while the S&P CoreLogic Case-Shiller Indices showed a slightly lower increase of 4.1%, according to new data released Tuesday
by Richelle Hammiel Mar 25
Existing-home sales rebounded in February amid inventory uptick
As buyers cautiously reentered the market, existing-home sales rose 4.2% from January to 4.26M, according to data released Thursday by NAR. Compared to last year, sales remained down by 1.2%
by Richelle Hammiel Mar 20