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
Mortgage rates overtake inventory as biggest worry for agents: Triple-I
After exceeding 8% in October, rising mortgage rates overtook 'lack of housing inventory' as the top concern for real estate agents, according to the latest monthly Inman Intel Index results.
by Chris LeBarton Nov 21
Builder sentiment falls again, but lower inflation a cause for optimism
October saw builder confidence in the market for newly built single family homes fall 6 points to a measure of 34, the lowest level since December 2022
by Ben Verde Nov 16
Mortgage rates post biggest 1-day drop since onset of the pandemic
Tuesday's big drop in rates followed an encouraging inflation report, with bond market investors now convinced the Federal Reserve is done hiking rates and may reverse course in the spring
by Matt Carter Nov 15
Robert Reffkin: What we have now is a 'connection issue'
In a keynote address at Compass RETREAT on Tuesday, the CEO stressed getting back to basics, forging sincere connections with clients as key to surviving and thriving in the current market
by Lillian Dickerson Nov 15
Inman Intel Index: Anxiety among rank and file up in wake of Sitzer
For weeks, the eyes of real estate's agents and leadership were on the Sitzer | Burnett trial. They shared their thoughts and fears as part of Intel's monthly real estate sentiment survey
by Daniel Houston Nov 15
After downsizing, Better says it has cash to weather $340M Q3 net loss
A $565M influx of cash from an August SPAC merger and a $1B reduction in annual expenses puts Better on a footing to navigate a challenging market, executives say on first earnings call
by Matt Carter Nov 14
RE/MAX parent appoints former DISH Network exec as CEO
Erik Carlson comes to RE/MAX Holdings in the wake of Adam Contos' departure. He also joins the company at a tumultuous time for the real estate industry
by Jim Dalrymple II Nov 13
Mortgage rates inch back up after Powell warns Fed could hike again
Speaking at an IMF research conference, Powell said the Fed is committed to raising rates as high as needed to bring inflation down, and 'we are not confident that we have achieved such a stance'
by Matt Carter Nov 13
The verdict fallout: Inman's Top 5 stories of the week
With Inman Top 5, you'll find the week's most essential stories, as chosen by our readers. Here are the most-read articles for Nov. 3-9, 2023
by Dani Vanderboegh Nov 10
Tough times for mortgage lenders? UWM hired 1,000 employees in Q3
While others are downsizing, the nation's biggest mortgage lender is investing in new technology and hiring new team members to be prepared if mortgage rates come down and business booms
by Matt Carter Nov 8
Homebuyers respond to biggest drop in mortgage rates this year
Purchase mortgage applications trended up last week for the first time in a month as mortgage rates retreated from 2023 highs, according to the MBA's weekly survey of lenders
by Matt Carter Nov 8
Record 85% of Americans said October was a bad time to buy
Monthly Fannie Mae survey shows homebuyer pessimism hitting a new high last month, but a broader index aimed at capturing overall housing market sentiment actually improved
by Matt Carter Nov 7
Big drop in mortgage rates as unemployment hints at recession
After breaching 8% in mid-October, 30-year fixed mortgage rates have plummeted to levels not seen since September as more investors expect Fed policymakers to lower rates in the spring
by Matt Carter Nov 3
Fed pause could revive demand for mortgages as rates reverse course
Demand for purchase mortgages hit the lowest level since 1995 last week, but relief could be in sight after Federal Reserve policymakers elected not to hike short-term rates on Wednesday
by Matt Carter Nov 2