Half of Redfin home offers now face no competing bids, new report says
In the month of June, just under 50% of home offers written by its agents faced competition on a seasonally-adjusted basis, the lowest rate in over 2 years, the brokerage reported Wednesday
by Daniel Houston Jul 20
Home sales fall for 5th month as median prices hit record high
Sales of existing homes ticked down 5.4% between May and June, falling 14.2% from a year ago, as median prices rose to $416,000, according to the National Association of Realtors
by Ben Verde Jul 20
As recession looms, consumers see tide turning in favor of homebuyers
Fannie Mae finds 81% of Americans think the economy is on the wrong track, but the share of consumers who think it's a good time to buy ticked up in June
by Matt Carter Jul 8
Remote work's impact on real estate will linger — possibly forever
The CEO of IBM, which employs hundreds of thousands of people, recently described remote work as 'the new normal.' And that translates to permanent changes to the housing market
by Jim Dalrymple II Jun 30
When exactly was the turning point for home price growth?
At the year's outset, housing experts wondered when the market's rapid price growth might begin to slow. New data from S&P CoreLogic Case-Shiller Home Price Index provides fresh clues
by Daniel Houston Jun 28
Home affordability hits 15-year low, passing 'inflection point' for buyers
An increasingly unaffordable home market is affecting homebuyer decisions and altering forecasts for price growth in the months to come, according to a new forecast by Zillow
by Daniel Houston Jun 21
Rise, fall, repeat: The biggest housing surprises of 2022  (so far)
Heading into 2022, forecasters at Realtor.com set expectations for where the home market would go. Halfway in, they're taking a second look
by Daniel Houston Jun 15
What are the odds of a housing bubble? 114 experts weigh in
More than 100 housing experts surveyed by Zillow generally agreed that housing prices won't face a big downturn. But a mild recession may be in play later this year or in 2023, they believe
by Daniel Houston Jun 7
The shift has begun — but rate hikes won't be housing's Achilles' heel
Experts told Inman they expect home sales and price growth to slow down, but they don't think rising rates will knock everyone out of the market
by Jim Dalrymple II May 26
What's next after housing cools down? This economist has an idea
Mortgage rates are up, and demand for homes is edging down. Redfin Chief Economist Daryl Fairweather laid out a possible scenario of what the months ahead might look like at Connect
by Daniel Houston May 19
Where is Anywhere headed? Toe-to-toe with Zillow
A week after announcing Realogy's rebrand as Anywhere, CEO Ryan Schneider shared his plan for beating Zillow at direct-to-consumer business on Thursday at Inman Connect Now
by Marian McPherson May 19
Black homeownership hasn't slipped, but vast gulf persists
In the first quarter of 2022, just under 45% of Black families owned their home, compared to 74% of white families, according to a Redfin analysis of US Census Bureau data released Tuesday
by Daniel Houston May 17
Move Inc.'s revenue growth falls to single digits amid market shift
Realtor.com parent company Move Inc's revenues increased 5% year over year to $170M in fiscal Q3. Declining referral and lead volume was responsible for the slowing growth
by Marian McPherson May 6
Mortgage payments shoot past their 2007 highs — and at faster pace
Rising home prices don't always mean higher monthly payments. But as the pandemic-era market wears on, buyers are increasingly feel the squeeze
by Daniel Houston Feb 25
Home prices are still on a tear, but there’s no doubt growth is slowing
Houses sold for 3.3% more in the fourth quarter of 2021 than they did in the third quarter, even as the pace of growth slowed again, according to the latest House Price Index report from the FHFA
by Daniel Houston Feb 22