These are the 31 markets where home prices have fallen the most
Price softening continues to spread from the Sunbelt into the Western U.S., and the inventory of homes for sale is growing at an accelerating pace, ICE Mortgage Technology reports
by Matt Carter Jul 7
Home for sale sign, with sale pending
Hopes that home sales will pick up may hinge more on additional inventory coming onto the market, which is expected to cool or reverse home price gains, economists say
by Matt Carter Jul 1
Opendoor 'flipping the script' by sending seller leads to agents
After pilot tests in 11 markets, iBuyer expands its Key Connections program that puts partner real estate agents in touch with high-intent sellers who want to explore their options
by Matt Carter Jun 24
2 Americas: Housing markets the Great Rebalancing has left behind
The market has undeniably shifted from the extreme seller's environment of the early pandemic. But in much of the U.S., buyers still face substantial inventory constraints, an Intel analysis shows
by Daniel Houston Jun 16
Some markets look vulnerable as home price appreciation cools
Experts polled by Fannie Mae expect national home prices to keep climbing, but see Austin, Tampa, Dallas, Denver, Houston, Miami and Phoenix as markets most likely to see price declines
by Matt Carter Jun 13
US inventory exceeds 1M homes for first time in 6 years
Metro areas with the greatest gains in inventory are those that continued to build during and shortly after the COVID-19 pandemic, while those that did not still lag behind pre-pandemic levels
Supply constraints are reshaping the multifamily market’s trajectory
Multifamily investing expert Michael Zaransky reflects on the structural divergence between housing demand and the system’s ability to deliver new units under current economic conditions
by Michael Zaransky May 20
Federal layoffs are fueling an inventory surge in nation's capital
Active listings in Washington, DC, have surged 25.1% year over year, the largest jump on record and nearly double the national increase of 14.2%, new Redfin data released Wednesday shows
by Richelle Hammiel May 7
$18.5M in fines imposed on former Wells Fargo execs prove elusive
Under new leadership, OCC settles actions against 2 executives tied to 2016 scandal for $150K and won't say if it will defend court challenge of $10M fine in a 3rd case
by Matt Carter Apr 25
Home-sale prices dipped in 11 metros as buyers show caution
As of April 20, home-sale prices fell across 11 US metro areas, marking the 1st time this many markets have seen YOY declines since September 2023, according to Redfin data
by Richelle Hammiel Apr 24
Concessions surge as homesellers offer sweeter deals in sour markets
In the first quarter of the year, 44.4% of homesellers included concessions in their deals, just shy of the record 45.1% seen at the start of 2023, according to new data released Monday by Redfin
by Richelle Hammiel Apr 22
Home price appreciation seen as cooling as inventories grow
Experts surveyed by Fannie Mae expect national home prices to slow to 3.4% this year. Median list prices are down by 10% or more from a year ago in 69 markets
by Matt Carter Apr 15
Build-to-rent homes hit record high in 2024 with no signs of slowing
In 2024, a record 39K single-family rental homes were completed, marking a 15.5% jump from the previous year, according to a Point2Homes analysis of Yardi Matrix data released Wednesday
by Richelle Hammiel Apr 7
US home prices rose modestly in January, led by NYC and Chicago
The FHFA Housing Price Index posted a 4.8% annual growth rate while the S&P CoreLogic Case-Shiller Indices showed a slightly lower increase of 4.1%, according to new data released Tuesday
by Richelle Hammiel Mar 25
Arizona marks 1st move beyond East Coast for SERHANT.
The new market is launching with over 50 agents who represent more than $500M in sales volume over the past 12 months and who will offer more than 100 listings to start
by Lillian Dickerson Mar 17