Home prices could be reaching a breaking point, new report says, as housing affordability drops to lowest level since 2007. The median price of homes and condos is a record $351,250
The Pending Home Sales Index dipped 7.1% to a measure of 71.8 between July and August, according to data from the National Association of Realtors
Redfin CEO Glenn Kelman said Tuesday on CNBC that as sales continue to decline, the company will need to cut costs strategically and respond to economic challenges one day at a time
In a series of key charts, Aziz Sunderji of Home Economics and Mike DelPrete, a strategic adviser and global expert in real estate technology, put August existing-home sales in historical context
Opinion
New-construction homebuilders are using incentives to garner an outsized share of the current housing market and capitalize on buyer demand
Questions that matter. Actionable insights. Inman is officially launching Triple-I, a survey unlike any other in the real estate industry.
In August, housing starts hit their lowest level since June 2020, when builders were struggling with COVID-fueled 'shutdowns, labor shortages and supply chain issues,' according to US Census data
Fannie Mae economists predict 'mild recession' in H1 2024, while continued strength in the economy could keep mortgage rates from coming down as much as previously expected
In-office requirements were identified as an emerging factor in the real estate market, as fewer and fewer companies are willing to accommodate remote work, according to a report by Redfin
The Consumer Price Index increased 0.6% in August, faster than the July rate of 0.2%, according to data released Wednesday by the Bureau of Labor Statistics
Commissions will take a hit from the seasonal real estate transaction fall-off. But unlike last year, home price growth may gain steam, according to an Intel analysis of housing market projections
Home values are now 11.4% lower in Austin, Texas, than they were in Aug. 2022, Zillow said. Nationally, prices were up slightly from July to August, and there was a small inventory uptick
Goldman Sachs economist Michael Murdoch criticized the Federal Reserve's rate strategy at Ben Kinney Companies' BuiltHOW conference, sharing how upcoming policies may impact 2024
The third round of layoffs in the last 12 months takes effect Nov. 7 and affects employees in 21 states, including Divvy's chief legal officer, vice president of compliance and head of design
Opinion
From unrealistic portrayals on reality TV to NAR's unfolding scandal, the industry's reputation will suffer until consumers are offered a better deal, writes NextHome broker-owner Edward Svec