Economic Outlook: Recession may be what drives rates down in 2024
Does the rapid slowdown in the economy mean a recession is now inevitable in the new year, or is a 'soft landing' still possible? Economists are divided on the nation's economic outlook for 2024
by Matt Carter Jan 8
Pending home sales stagnate in November despite rate relief
November's numbers show pending sales didn't move compared to October, but lower rates did apparently lead to more lockbox openings — hinting that better days lie ahead
by Jim Dalrymple II Dec 28
Existing-home sales inch up in November after 5-month decline
Sales of existing single-family homes edged up 0.8% between October and November, and more gains are expected as interest rates settle
by Ben Verde Dec 20
After Sitzer, what will happen to underserved communities?
Opinion
According to DEI expert Nora Crosthwaite, we have more questions than answers when it comes to the future of homeownership for underserved communities, and that's unfair to consumers
by Nora Crosthwaite Dec 8
Pending home sales fall to lowest level in more than 20 years
Pending sales fell 1.5% month over month in October to a reading of 71.4, the lowest score recorded since the Pending Home Sales Index began publishing in 2001
by Ben Verde Nov 30
Economists agree rates have peaked. But will they come down?
Two closely watched forecasts agree that mortgage rates have probably peaked, but the MBA and Fannie Mae diverge sharply on how quickly they'll come down over the next 2 years
by Matt Carter Nov 22
Existing-home sales fall to 13-year low despite strong buyer demand
Existing sales fell 4.1% in October to an annual rate of 3.79M, the lowest since 2010, according to data from NAR. Nonetheless, multiple offers are still happening, economist Lawrence Yun said
by Ben Verde Nov 21
NAR NXT: Everything to know as the annual conference begins
The National Association of Realtors' NAR NXT Conference is gearing up for a week in Anaheim, Calif. Here's a rundown of the schedule plus the sessions and events you can't afford to miss
by Marian McPherson Nov 13
MLS partnerships pay off as RentSpree reaches 2M users
The user mark represents a 598%, 3-year revenue increase and the notoriety of being named to the Inc. 5000 list of the country’s fastest growing private companies
by Craig C. Rowe Oct 30
Pending home sales surge in a September surprise
The Pending Home Sales Index, representing the number of homes that went under contract, rose 1.1% between September and August
by Ben Verde Oct 26
Existing-home sales droop as mortgage rates hit 20-year highs
Home sales fell 2% between August and September and retreated 15.4% from a year ago as prices and interest rates climbed
by Ben Verde Oct 19
Soaring rates baffle economists, frustrate housing leaders
Economists are scratching their heads, and housing industry leaders are venting their frustrations as mortgage rates continue a relentless climb to new heights not seen in more than 2 decades
by Matt Carter Oct 4
Pending home sales nosedive in August as interest rates soar
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
by Ben Verde Sep 28
Existing-home sales fall off 0.7% led by Southern, Western markets
Sales of existing homes slid 0.7 percent between July and August to a seasonally adjusted annual rate of 4.04 million but held steady in the Northeast and rose in the Midwest
by Ben Verde Sep 21
Pending sales rise at fastest clip since January as buyers shift gears
Building on upward momentum from June, pending home sales rose 0.9% in July even as analysts expressed doubt the rally would last, according to new National Association of Realtors data
by Ben Verde Aug 30