A full list of real estate companies making layoffs in 2022 and 2023
While real estate industry layoffs largely began with companies that provide mortgages and mortgage-related services, everyone from Adwerx to Zumper has been impacted by the downturn
by Matt Carter Jun 3
Mortgage rates trend up again: Investors weigh Fed's next moves
Aggregate demand for mortgages, both purchase and refinancing, at lowest level since December 2018, as bottom falls out of refinancing market
by Matt Carter Jun 1
Is it a housing bubble? Nearly 68% of housing markets are overvalued
Within the last year alone, home price growth, which has reached 20.6%, has become 4 times greater than income growth, which is a mere 4.8%
Market shifts, rate hikes and why real estate stocks can't get a break
As real estate enters what one observer called a 'Wile E. Coyote' moment, real estate companies’ share prices continue to struggle amid market uncertainty
by Jim Dalrymple II May 30
Sellers are reducing asking prices. But don’t expect house prices to drop, economist says
Affordability challenges mean some sellers are reducing asking prices, but demand for homes continues to outpace supply, says First American Chief Economist Mark Fleming
by Matt Carter May 27
'Sellers are starting to freak out:' Redfin CEO sees market slowdown
During his latest CNBC appearance, Redfin CEO Glenn Kelman said rising mortgage rates, softening home price growth and changing buyer attitudes are all signs of an impending shift
by Marian McPherson May 27
List prices are finally starting to fall
Nearly 1 in 5 homesellers dropped their listing price during the 4-week period ending May 22, a high watermark unmatched since October 2019, according to a new report from Redfin
by Lillian Dickerson May 27
Mortgage rates fall to 5.10% in biggest drop since 2020
Rates on 30-year fixed-rate mortgages have dropped 20 basis points in two weeks, the most dramatic decline since April 2020
by Ben Verde May 26
Pending home sales hits slowest pace in nearly 10 years
Pending home sales dropped 3.9% from March to April, marking the sixth-straight month of declines amidst climbing mortgage rates, according to data released Thursday from NAR
by Lillian Dickerson May 26
Lower mortgage rates fail to rekindle homebuyer interest
As mortgage rates continued to retreat from highs set the first week in May, demand for purchase loans was essentially flat last week, according to MBA's Weekly Mortgage Applications Survey
by Matt Carter May 25
New home sales hit 2-year low, falling well short of expectations
New home sales took a hit for the fourth-straight month in April as buyers grappled with the new reality of rising home prices and mortgage rates in excess of 5%, according to Census Bureau data
by Lillian Dickerson May 24
Buying a home? 8 popular cities that are still surprisingly affordable
As buyers continue to reassess where they want to live and relocate at record rates, affordable, popular destinations can still be found — largely in Florida and Texas, according to Redfin
by Lillian Dickerson May 23
Home sales, homebuilding headed for a slowdown, Fannie Mae says
Not until next year do Fannie Mae's Economic and Strategic Research Group economists expect to see a ‘a large deceleration in home price growth,’ with some regions likely to see price declines
by Matt Carter May 19
What's next after housing cools down? This economist has an idea
Mortgage rates are up, and demand for homes is edging down. Redfin Chief Economist Daryl Fairweather laid out a possible scenario of what the months ahead might look like at Connect
by Daniel Houston May 19
Where is Anywhere headed? Toe-to-toe with Zillow
A week after announcing Realogy's rebrand as Anywhere, CEO Ryan Schneider shared his plan for beating Zillow at direct-to-consumer business on Thursday at Inman Connect Now
by Marian McPherson May 19