Share of homebuyers looking to move cities hits new high
Homebuyers have been dropping out of the market. Of the ones who are still in, more are eyeing a cross-city relocation, Redfin data suggests
by Daniel Houston Aug 23
Redfin CEO says housing sales volume has hit 'rock bottom'
Redfin CEO Glenn Kelman on Wednesday told MarketWatch that current transaction levels — sustained primarily by people who absolutely need to move — are about as low as they ever get
by Daniel Houston Aug 18
When handling buyer objections, preparation is key, brokers say
Buyers with doubts need to know they're being heard. A well-oiled process for responding to their objections can help, Bianca D'Alessio and Aaron West said Thursday at Inman Connect Las Vegas
by Daniel Houston Aug 11
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
US economy avoids recession yet again — no thanks to real estate
With the gross domestic product eclipsing expectations in Q2, the US appears to have avoided a long-predicted recession, even as the real estate industry remains mired in a deep contraction
by Daniel Houston Jul 27
Redfin CEO: Adjustable-rate loans may push sellers off the sidelines
In an interview with CNBC on Wednesday, Redfin CEO Glenn Kelman laid out some of the variables that might begin to unlock home inventory in the years to come, including adjustable rate resets
by Daniel Houston Jul 20
In 5 months, homebuyers have lost $30K in purchasing power
It doesn't matter that there are fewer buyers to compete against. Rising mortgage rates and depleted inventory continue to erode options, according to new Redfin data released Thursday
by Daniel Houston Jul 13
New listings plummet 27%, marking biggest annual fall since pandemic
The number of new listings coming onto the market has plunged since June 2022, according to data released Thursday by Redfin. Transaction levels remain low even as home prices creep higher
by Daniel Houston Jun 29
Home sales see typical boost in May to close a sluggish spring
The National Association of Realtors recorded 408,000 sales of existing homes in May. Before the pandemic, that number was closer to 530,000
by Daniel Houston Jun 22
The inventory recovery suffered a setback. Is it just temporary?
The housing downturn was supposed to bring the market back into balance between buyers and sellers. But recent inventory gains have stalled
by Daniel Houston Jun 14
Here are 5 reasons we won't see a housing market crash this year
According to Splitero CEO Michael Gifford, we’re still in an affordability crisis and unlikely to see a complete housing market tumble in 2023
by Michael Gifford Jun 12
'Big Short' investor: Flooding is the next great threat to home values
Dave Burt, who made a fortune leading up to the Great Recession and later earned notoriety in the 2015 film 'The Big Short,' is sounding the alarm about a growing threat to housing prices: flood risk
by Ben Verde May 31
Home sales will be 'subdued' for rest of 2023, Fannie Mae projects
The housing sector's resilience to higher prices and mortgage rates has bolstered prices, but a lack of for-sale inventory is expected to limit sales, according to Fannie's latest monthly forecast
by Matt Carter Apr 25
Steady home-price growth to resume in 2024, experts predict
Price growth will pick back up in 2024 and hit a rate of 3.5 percent annual growth every year through 2027, according to a panel of housing experts surveyed by Zillow and Pulsenomics
by Ben Verde Mar 2
As locals balk, foreign buyers take renewed look at US homes
Real estate firms that work with foreign buyers have seen an uptick in business from outside the US, 'The Wall Street Journal' reports
by Daniel Houston Mar 2