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
'Inflation is still running too high': Homebuyers stunned by rate surge
Requests for purchase loans were down last week by 31% from a year ago as rates rose to a 2023 high and homes remained scarce, according to the MBA's Weekly Mortgage Applications Survey
by Matt Carter May 31
Pandemic boomtown homes sell for $80K less than a year ago
The median US home sale price fell 4.1% or $17,603 year over year to $408,031 between April 2022 and April 2023, according to a new report from Redfin
by Ben Verde May 22
NAR chief economist: 'The Fed made a mistake'
At the Realtors Legislative Meetings' Residential Economic Issues and Trends Forum, Lawrence Yun predicted total home sales would bottom out this year before ticking up in 2024
How union strikes like the Writers Guild of America impact real estate
From negative effects on the supply chain to confidence in the market, major union strikes like the WGA walkout and others before it can have a palpable impact on the real estate industry
Buying a home is hard. For first-timers, it's never been tougher
Homes in the lower tier of pricing are still 8% more expensive than at this time last year — and inventory has barely budged, according to a new analysis released Thursday by Zillow
by Daniel Houston Apr 20
Listing shortages kept prices from falling in Q1: Fannie Mae
Mortgage giant's quarterly Home Price Index shows national home prices were up 1% during the first quarter of 2023 compared to the final 3 months of 2022
by Matt Carter Apr 18
Home sales are cooling — but the competition is red hot. What gives?
New listings plunged 21.8% from a year ago, marking one of the most significant annual drops since the beginning of the pandemic, according to a new analysis of housing inventory by Redfin
by Ben Verde Apr 7
The LA 'mansion tax' is coming, sending sellers on a sprint to April 1
To make their $5M-plus properties more attractive and move them more quickly, some sellers have been cutting their asking prices precipitously and negotiating other add-ons into contracts
by Lillian Dickerson Mar 31
Will migration fizzle out in 2023? History points to existential shift
The migration trends that drove housing demand during the pandemic are ending. But that doesn't mean people aren't moving, according to an Inman analysis of historic data
by Jim Dalrymple II Mar 31
Will an inventory shortage stymie spring? Look to 1994 for clues
This spring won't be easy for homebuyers and their agents, but history is full of examples in which the supply of homes went down, but sales kept chugging along, according to an Inman analysis
by Jim Dalrymple II Mar 29
Inventory struggle is real, leaders declare in exclusive Inman survey
Leaders and agents who took Inman's first Intel leadership survey said inventory is among their biggest challenges right now — but growing in 2023 isn't totally out of the question
by Jim Dalrymple II Mar 13
Housing inventory shoots up as homes sit longer on the market
A new report from Realtor.com shows that homes were sitting on the market for an average of 67 days in February, up from just 44 last year at the same time
by Jim Dalrymple II Mar 2
'Modest' recession could put a lid on 2023 home sales: Fannie Mae
Economic downturn could put a damper on a promising start to the spring homebuying season, but set the stage for mortgage rates to ease and sales to rebound in 2024, Fannie Mae predicts
by Matt Carter Feb 22
Gary Keller: It's a do-or-die housing market for real estate agents
In his State of the Housing Market address on Sunday, Keller Williams' co-founder Gary Keller explained how chaos will force agents to become better competitors — or be left behind
by Marian McPherson Feb 20