Market headwinds stifled new construction growth in June
High mortgage rates, slower homebuyer activity and weakening homebuilder sentiments created the perfect storm in June, keeping new residential construction from posting annual gains
by Marian McPherson Jul 17
How to break down the pros and cons of buying down interest rates
Interest rate buydowns involve a trade-off between upfront costs and long-term affordability. Clever CEO Luke Babich offers strategies to help clients make the choice
by Luke Babich Jul 17
Mortgage 'knowledge gaps' may be thwarting would-be homebuyers
3 in 4 Americans are planning to buy the next time they move, but many are overestimating minimum down payment, credit score underwriting requirements, according to a new Fannie Mae study
by Matt Carter Jul 16
Housing inventory is climbing back. So why are leads still lagging?
Inventory is rising again, but agents are still scrounging for new listings. Hundreds of brokers and agents shared what's working in still-tight markets in new responses from the Intel Index survey
by Jim Dalrymple II Jul 15
Will falling mortgage rates juice the housing market? The Download
As financial targets pave the way for interest rates to (finally) fall, the real estate industry is cautiously optimistic about a late-year boost
by Christy Murdock Jul 13
NAR and DOJ, CoStar and Realtor.com and more: Inman Top 5
Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers
by Dani Vanderboegh Jul 12
Median sales prices rise for 9th week despite slowing demand
Amid slowing homebuyer demand, the US median sales price rose to an all-time high of $397,482 at the beginning of July. However, Redfin says a slowdown may be on the way
by Marian McPherson Jul 11
‘It’s finally happening': Cooler inflation opens the door to rate cut
Overall inflation rose just 3% on an annual basis in June, according to Bureau of Labor Statistics. The 10-year Treasury yield, an indicator of mortgage rates, plummeted on the news Thursday
by Taylor Anderson Jul 11
NAR chief economist predicts 6% mortgage rates. Is this the time?
NAR Chief Economist Lawrence Yun told CNBC he expects rates to settle around 6%, a prediction he’s made several times before. A look back at 2 years of his forecasts amid a chaotic economy
by Taylor Anderson Jul 11
FHA, VA requests drive pickup in purchase mortgage demand
Rates surged and then pulled back last week in what could foreshadow more election-year volatility in the months ahead. Powell tells Congress Fed will remain above the fray
by Matt Carter Jul 10
NAR membership dips as Realtors report closing fewer deals in 2023
NAR's 2024 Membership profile shows the impacts of a difficult market on real estate professionals — many of whom are contending with issues related to affordability and inventory
by Jim Dalrymple II Jul 10
Homebuyer sentiment rebounds in June from May's record low
Fannie Mae’s monthly National Housing Survey shows many Americans may be underestimating the odds that mortgage rates will continue to pull back from 2024 peaks
by Matt Carter Jul 8
Zoom in closer: 4 regional housing insights from the Inman Intel Index
Times are tough for nearly every real estate business. But different parts of the country report unique challenges and approaches, as illustrated by Intel’s monthly gauge of industry sentiment
by Daniel Houston Jul 8
Mortgage rates retreating from 7% on 'massive' revision to jobs report
After spiking in the wake of the June 27 presidential debate, mortgage rates are trending down again on mounting expectations that the Federal Reserve will start cutting rates in September
by Matt Carter Jul 5
Homebuyer mortgage demand dips, breaking 3-week streak
Mortgage rates are on the rebound despite encouraging inflation data, as Fed policymakers stick to 'higher for longer' strategy until they see more conclusive evidence economy has cooled
by Matt Carter Jul 3