In April, 47% of homes for sale in the US went under contract in less than a week. The squeeze is happening at various price points and in dozens of metro areas
Opinion
The inventory shortage isn’t going to last forever. In the meantime, studying the economy, real estate market statistics and particularly the new home construction process will make you a fierce competitor in today’s market and the future
Opinion
Given the soaring costs we’re seeing in almost every aspect of our lives, the end of forbearance programs and rent moratoriums, coupled with the age of boomers who own 42% of the inventory, the inventory dam has definitely started leaking
The rising cost of lumber and appliances slowed the momentum of single-family building permits, starts and completions in April
Lawrence Yun, chief economist for NAR, reports that the GDP is back to its pre-pandemic peak, consumers are ready to spend their stimulus checks and single-family housing starts are ramping up
New listings are up 19.1 percent year over year, but demand continues to outpace new listings, leading to increasingly fewer days on market
Realtor.com's latest weekly market report showed a boost in new listings during the last week of April — a hopeful signal that lower home prices are near
Opinion
This is the homeseller market crash. Inventory is at historic lows, affordability is rapidly eroding, and rates are climbing
Soaring home prices have fueled talk of a bubble. Economists, however, think a gradual slowdown is more likely than a sudden pop
There aren't enough homes for everyone who wants them. That's driving up prices and stretching agents thin
'I'm from California; it's the cheapest apple I've ever seen,' one bidder says in a TikTok that skewers real estate bidding wars
At Inman Connect Now, San Francisco Bay Area agents offered advice for managing buyer and seller expectations, maximizing sale prices and getting more listings
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Preparing your clients for competition
Residential housing starts rose 19.4 percent from February to March, according to a new report from the US Census Bureau
Informing homeowners of their property's value in the present market is a powerful way to remain top-of-mind. The unsolicited seller CMA video is a means to achieve this goal