New residential sales drop nearly 14% in May, their sharpest in 3 years
Homebuyers continued to respond to market headwinds like high mortgage rates and economic uncertainty and failed to be drawn in by builder sales incentives
by Lillian Dickerson Jun 25
How homeowners, not builders, are driving Denver's inventory boom
How is Denver out so far in front of the pack? Without a building boom, owners of existing homes are flouting a 'rate lock-in' and weak demand in a way that helps explain a broader national trend
by Lillian Dickerson Jun 19
Housing starts plunge 10% in May to lowest level since 2020
New residential construction made progress in completions but largely fell short on starts and permits, according to new data released Wednesday by the US Census Bureau and HUD
by Richelle Hammiel Jun 18
New-home sales climb nearly 11%, but figures may be 'overestimated'
New residential sales increased 10.9% from March to a seasonally adjusted rate of 743K units. That's also a 3.3% boost over the April 2024 pace of 719K units
by Richelle Hammiel May 23
Here's why builders are slamming the brakes on new apartments
Building permits for multifamily units have plunged 27.1 percent from their pandemic-era highs, with new rentals now hitting the market at the slowest pace on record, according to Redfin
by Richelle Hammiel May 5
Tool Kit: Selling single during a market or economic downturn
In this Tool Kit, trainer Rachael Hite explores what it means to be single and a single parent trying to make things work via a commission-based income
by Rachael Hite Apr 25
New-home sales beat expectations in March — by a long shot
The surge in sales was a welcome positive sign during a tenuous period for the US economy. However, high prices and high mortgage rates continue to curb homebuyers, new HUD data shows
by Lillian Dickerson Apr 23
Tariff threats prompt builders to pump brakes on new construction
Housing starts fell 11.4% in March, a modest improvement from 2024, according to Census data released Thursday, with 1 economist describing the slump as 'well below consensus expectations'
by Richelle Hammiel Apr 17
NYC's tax revenue soars, while job market faces its own challenges
Real estate-related taxes soared to an all-time high of $37B last year. That figure is expected to climb even higher to $40B in 2025, according to a REBNY report
by Richelle Hammiel Mar 31
New-home sales rebound in February after winter weather bout
Sales of new single-family homes hit a seasonally adjusted annual rate of 676K in February — an uptick of 5.1% — and roughly met economists' expectations, according to data released Tuesday
by Lillian Dickerson Mar 25
Housing starts beat expectations in February but headwinds loom
Privately owned housing starts rose 11.2% but still fell behind February 2024 activity, according to data released Tuesday. Single-family home construction rose 11.4% to 1.1M on a monthly basis
by Richelle Hammiel Mar 18
Tool Kit: A new agent's guide to fair housing laws
Fair housing violations can be avoided, trainer Rachael Hite writes, when agents focus on what matters most: giving everyone the chance to find a home of their own
by Rachael Hite Feb 27
New-home sales plunge 10.5%, fall below expectations
Compared to December, new-home sales dropped 10.5% to a seasonally adjusted rate of 657K, according to US Census Bureau data
by Richelle Hammiel Feb 26
Housing starts decline in January as homebuilder uncertainty rises
Multifamily housing starts fell 9.8%, reaching a seasonally adjusted rate of 1,366,000, while single-family housing starts fell 8.4% month over month, according to data released Wednesday
by Richelle Hammiel Feb 19
Vacant 2nd homes could be a lifeline to Los Angeles evacuees
Agents have drawn on all their resources to play 'matchmaker' to place people who don't need to use 2nd homes with those who need housing. Results are mixed, but it's working for some
by Lillian Dickerson Jan 17