Glenn Kelman calls millennials 'the roommate generation'
In an appearance on 'Barron's Live,' Redfin's CEO explained how rising mortgage rates have trapped homeowners and homebuyers into a housing purgatory, tough for anyone to make a move
by Marian McPherson Jan 12
‘The gate is beginning to open’: Big inflation drop may aid homebuyers
The once-frantic pace of consumer price growth has been slowing for months, which may bode well for buyers' budgets — and financing, according to new data from Bureau of Labor Statistics
by Daniel Houston Jan 12
older millennial
Mortgage rates remain well below 2022 highs as the spring homebuying season approaches, according to a weekly lender survey by the Mortgage Bankers Association
by Matt Carter Jan 4
Homes could get more affordable even if prices don't come down
Homebuyer affordability could improve by 9% by the end of next year if mortgage rates continue to fall and home prices plateau as expected, First American economist predicts
by Matt Carter Dec 27
New-home sales continue modest rise — but market 'lull' lies ahead
New-home sales rose 5.8% to a seasonally adjusted rate of 640,000, according to data released Friday by the US Census Bureau and Department of Housing and Urban Development
by Ben Verde Dec 23
Pending sales fell in October for the fifth month in a row
Rising rates and nervous consumers have set up the housing market for its 'slowest fourth quarter in a decade,' according to one economist
by Jim Dalrymple II Dec 1
'Bet on the Midwest': Zillow's 2023 housing market predictions
The listings giant predicts a surge of interest in Midwest markets and a new crop of first-time landlords among other items
by Ben Verde Dec 1
37% of real estate agents couldn’t pay rent in October
Rent delinquencies surged in October compared to one month prior as the housing market continues to struggle with high mortgage rates, according to a new survey
by Jim Dalrymple II Nov 17
The 10 US cities where down payments for homes are lowest
Some parts of the country exist where homebuyers can get away with much smaller down payments especially in the South and the Rust Belt, according to a new report
by Ben Verde Nov 10
Homebuyer sentiment falls for the 8th month in a row to all-time low
Only 16% of those surveyed by Fannie Mae in October said it was a good time to buy a home, and the percentage who said it's a good time to sell also fell, according to new data released Monday
by Matt Carter Nov 7
Pointing to Ukraine war, Fed approves another drastic rate hike
Federal Reserve Chairman Jerome Powell says pace of rate hikes could slow but may ultimately need to go higher than policymakers had forecast at their September meeting
by Matt Carter Nov 2
Redfin's Glenn Kelman has a theory on why housing prices are plunging
Investors, including iBuyers, that entered the housing market in 2020 and 2021 are at least partly to blame for the dramatic price correction playing out in 2022, Kelman said in a new interview
by Ben Verde Nov 1
Side carries out new round of layoffs amid slowing market
The latest round of cuts comes after the company laid off 10 percent of its workforce in June. Side's layoffs are among dozens of others in the housing industry this year
by Jim Dalrymple II Oct 24
Always a bridesmaid, rarely a bride, first-time buyers make big return
First-time homebuyers now make up 45% of all transactions, up from 37% of all buyers in 2021, returning to pre-pandemic levels, according to new data from Zillow released Thursday
by Lillian Dickerson Oct 13
For the first time, Fannie Mae now expects home prices to fall next year
Economists at Fannie Mae project national home prices to decline by 1.5% and home sales by 21% in 2023 as Fed continues inflation fight
by Matt Carter Oct 12