Barbara Corcoran sees price growth of 10-15% once rates drop
Corcoran told 'Good Morning America' viewers Wednesday that she doesn't foresee prices dropping any time soon but could see them spiking once mortgage rates come down
by Ben Verde Aug 24
Share of homebuyers looking to move cities hits new high
Homebuyers have been dropping out of the market. Of the ones who are still in, more are eyeing a cross-city relocation, Redfin data suggests
by Daniel Houston Aug 23
Home sales will bottom out in 2023, analysts forecast. But then what?
MBA forecasters expect rates to ease and sales to rise next year, but Fannie Mae economists predict home sales will remain subdued even if the Fed pulls off a soft landing
by Matt Carter Aug 23
Homebuyer mortgage demand falls to lowest level since 1995
As mortgage rates hit new post-pandemic highs on inflation worries, MBA survey finds purchase loan demand down 5% week over week and 30% from a year ago
by Matt Carter Aug 23
Fueled by deals, new-home sales soar to highest level in 17 months
New-home sales rose 4.4% in July to an adjusted annual rate of 714,000 as the supply of existing homes continues to drop, according to data released Wednesday by the US Census Bureau
by Ben Verde Aug 23
The Fed, the market and memories of the global financial crisis
Opinion
While naysayers and doomsdayers compare today's real estate market to 2008, the numbers tell a very different economic story
by Chris Drayer Aug 23
Existing-home sales fall in July as low inventory, high rates take toll
Weighed down by low inventory and high mortgage rates, existing-home sales fell in July, to 4.07M — or 16.6% lower than a year earlier, according to data from the National Association of Realtors
by Ben Verde Aug 22
An economist's take on housing prices, affordability, opportunity
Opinion
Windermere Chief Economist Matthew Gardner looks at the latest numbers and the markets that still offer affordable options
by Matthew Gardner Aug 21
Redfin CEO says housing sales volume has hit 'rock bottom'
Redfin CEO Glenn Kelman on Wednesday told MarketWatch that current transaction levels — sustained primarily by people who absolutely need to move — are about as low as they ever get
by Daniel Houston Aug 18
Mortgage rate surpasses 7% in new 2023 high as demand falls again
Even after adjusting for seasonal factors, applications for purchase loans fell for the 5th-straight week as mixed inflation data raised doubts Fed will ease, pushing mortgage rates to new high
by Matt Carter Aug 16
Nearly 1 in 9 US homes command $1M as luxury prices soar in June
The share of US homes valued at $1M or more stopped shy of a record notched last summer as high mortgage rates and low inventory drove home prices upward in June, a Redfin analysis shows
by Lillian Dickerson Aug 14
US prices fell this spring, new data shows. Not that anybody noticed
Price declines were bigger in the spring than in the late winter, according to quarterly home sales data issued Thursday by NAR. But to real estate agents in most US markets, it didn't feel that way
by Daniel Houston Aug 10
Give 'incredible insights': Industry pros should be armed with data
At a time when demand for loans has shriveled, Polygon Research CEO Val Buresch argued at Inman Connect Las Vegas on Wednesday that open communication will help people take action
by Jim Dalrymple II Aug 9
Even amid high rates, buyers have more options than they realize
Loan officers and assistance programs are just 2 ways to close the knowledge gap, Zillow Senior Economist Orphe Divounguy and Rocket President Tim Birkmeier said Wednesday at Connect
by Matt Carter Aug 9
Mortgage lenders tighten as homebuyer demand fades
Demand for purchase mortgages fell for a 4th consecutive week last week as rates continued to climb and inventories of homes for sale remained scarce, an MBA lender survey found
by Matt Carter Aug 9