Existing-home sales fall in July as low inventory, high rates take toll
Weighed down by low inventory and high mortgage rates, existing-home sales fell in July, to 4.07M — or 16.6% lower than a year earlier, according to data from the National Association of Realtors
by Ben Verde Aug 22
US prices fell this spring, new data shows. Not that anybody noticed
Price declines were bigger in the spring than in the late winter, according to quarterly home sales data issued Thursday by NAR. But to real estate agents in most US markets, it didn't feel that way
by Daniel Houston Aug 10
How a controversial TikTok spurred investor pushback: The Download
This week: When a TikToker claimed that 'an entire neighborhood' was up for sale, the portfolio listing sparked a debate over displacement and institutional investment
by Christy Murdock Aug 4
Compass CEO: Pandemic craze will return once mortgage rates hit 5%
Compass CEO Robert Reffkin revealed on CNBC how volatile mortgage rates are sidelining homesellers and why a boost in existing-home inventory could happen as early as December
by Marian McPherson Jun 29
Housing is outperforming, but recession may still be in the cards
Fannie Mae economists say 'extraordinarily tight' inventories of existing homes driven by mortgage lock-in effect has shifted demand toward new homes
by Matt Carter May 19
Half of homes on market are selling within 2 weeks, marking 1-year high
While homeowners are staying put out of reluctance to lock in higher mortgage rates, the few homes on the market are drawing competition, according to a report released Friday by Redfin
by Ben Verde Apr 28
New-home sales soar to 1-year high in March as purchases leap 9.6%
The strong monthly uptick in sales marked the fourth-straight month of increases as homebuyers eased back into the market and adjust to higher mortgage rates, according to new Census data
by Lillian Dickerson Apr 25
Pandemic-fueled 'lock-in effect' likely to limit new spring listings
Black Knight data shows new listing volume down 25% in January compared to pre-pandemic levels, the biggest drop since most of the country was in lockdown
by Matt Carter Mar 6
What real estate agents need to know about kitchens and bathrooms from the 1950s 
Expert Gerard Splendore takes us back in time to when pastels and metals dominated the design world for kitchens and baths in the 1950s. This amazing time in design changes is still very popular today with those who love vintage fixtures.
by Gerard Splendore Nov 29
New home sales plummet 8% in June to 2-year low
Sales of new homes in June were at a seasonally adjusted rate of 590,000, 8% below the May rate of 642,000, and 17.4% lower than in June 2021, according to new data from the US Census Bureau
by Ben Verde Jul 26
Two runners at the starting line
Despite its balancing out, the market remains far from homebuyer-friendly with buyers paying 75% percent more on the typical mortgage payments than in 2019, according to Zillow
by Ben Verde Jul 19
3 ways real estate industry pros can thrive in strange times
A trio of industry leaders urged agents and brokers to try new things and focus on building their roster of clients during an Inman Connect New York panel on Wednesday
by Jim Dalrymple II Apr 20
Homebuilding innovator Veev raises $400M in Series D round
The funding will help to spread the company's proprietary home construction method that curbs carbon dioxide emissions by 47% compared to traditional methodologies
by Craig C. Rowe Mar 1
Fall housing outlook: Cooling prices, tighter inventory, less competition
As the weather cools, so too will competition and housing prices, experts told Inman for its 2021 Fall Housing Market Outlook. Still, agents can expect inventory to remain tight
by Lillian Dickerson Sep 22
Amid inventory crisis, median age of US housing stock is getting older
In a pair of new studies released Wednesday, the National Association of Realtors and Harvard University are calling on the government to help ease the housing crisis
by Libertina Brandt Jun 17