US housing turnover rate hits 30-year low as lock-in effect lingers
In the first 8 months of 2024, only 25 out of every 1,000 US homes changed ownership, marking the lowest housing turnover rate since 1994, according to an analysis by Redfin released Monday
by Richelle Hammiel Sep 30
Just letting off steam? Agents lash out at NAR in post-deadline survey
In the wake of the Aug. 17 deadline, a rising share of agents told the Inman Intel Index they were frustrated with industry trade groups and have considered leaving real estate. Will it all blow over?
by Daniel Houston Sep 16
Case-Shiller Index keeps breaking records as HPI growth curbs pace
S&P CoreLogic's report also showed that first-time homebuyers are being impacted most by rising prices, since prices in the lower end of the market are rising more quickly than other tiers
by Lillian Dickerson Aug 27
US housing market still 'sluggish' despite existing-home sales gains
Existing-home sales tallied a 1.3% uptick in July following 4 months of declines, according to NAR data released Thursday. However, market headwinds have kept sales sluggish compared to 2023
by Marian McPherson Aug 22
US home prices rise 0.2% in July, slowest growth since January 2023
The slow price growth is attributed to a shortage in housing inventory and limited buyer competition, according to a Redfin report published on Tuesday
by Richelle Hammiel Aug 20
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
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
June saw a 4.8% uptick in pending home sales
Pending home sales rose 4.8% in June, with all 4 US regions showing monthly gains in contract signings, the National Association of Realtors reported on Wednesday
by Richelle Hammiel Jul 31
Housing inventory growth doesn't guarantee greater affordability
In June, 5 of the top US markets showed improvement in housing affordability and supply, according to First American, while other markets with more inventory still saw rising costs
by Richelle Hammiel Jul 30
Housing inventory is roaring back to life. So why aren't new listings?
Inventory is rising again, according to an analysis of housing data. But agents are still scrounging. Hundreds of brokers and agents shared what's working in the latest polling from Inman Intel
by Jim Dalrymple II Jul 24
Existing-home sales decline, median sales price hits record high
In June, existing-home sales continued to decline across all 4 US regions, while the median existing-home price reached a record high for the 2nd consecutive month, according to NAR
by Richelle Hammiel Jul 23
Number of foreign buyer purchases falls to lowest point since 2009
As the US dollar's value and home sale prices rose from April 2023 to March 2024, international buyers shied away from investing in US real estate, according to a new report from NAR
by Lillian Dickerson Jul 17
BofA analysts cast doubts on prospects for 2025 sales rebound
'The US housing market is stuck, and we are not convinced it will become unstuck anytime soon,' economists at Bank of America Global Research said of ongoing housing affordability issues
by Matt Carter Jun 27
Redfin CEO trying not to 'count chickens' after solid Q1 earnings
A solid Q1 earnings report has Redfin CEO Glenn Kelman feeling confident. However, persistent market headwinds are keeping the CEO from being too bullish
by Marian McPherson May 9
Fed's 'higher for longer' gambit may yet cool home price gains
Fannie Mae and MBA economists are now in agreement that mortgage rates will come down only gradually this year and next but that home price appreciation will slow
by Matt Carter Apr 24