Rent is falling fastest in markets that added the most new supply
Rent is now 0.7% lower for one-bedroom rentals nationwide than it was a year ago, but some markets are still seeing significant increases, new report shows
by Taylor Anderson Feb 27
New-home sales show promise with 1.8% annual growth
New-home sales increased 1.8% to a seasonally adjusted annual rate of 661,000. Economists say the report, alongside improved builder sentiment, shows promise for a robust spring
by Marian McPherson Feb 26
Brokerages, lenders anticipate big recruitment push in 2024: Triple-I
Approximately 28% of brokerage leaders believe 'recruiting and retaining talent' will be their most challenging responsibility 1 year from now, according to results from the Inman Intel Index survey
by Chris LeBarton Feb 26
NAR breaks silence on DOJ call to decouple commissions
Consumer watchdog CFA hails federal agency's proposal to ban sellers from making compensation offers as a 'major watershed' in promoting more competition in real estate
by Andrea V. Brambila Feb 23
RE/MAX CEO Nick Bailey exits as company revenue falls again in Q4
RE/MAX announced it was making changes to its executive team after revenue fell for a sixth consecutive quarter to end 2023. Amy Lessinger will succeed Bailey as president
by Taylor Anderson Feb 22
January existing sales offer mixed signals about market's future
Existing-home sales decreased 1.7% annually in January, according to the National Association of Realtors. However, sales did improve 3.1% from December
by Marian McPherson Feb 22
NAR: Commission suit insurance coverage ran out 'some time ago'
There are no funds under NAR's policy available to pay for the cost of defending the Realtor associations nor their multiple listing services which have been sued, according to the trade group
by Andrea V. Brambila Feb 21
HomeServices dropped from long-running buyer commission lawsuit
The court dismissed a federal antitrust claim in the case known as Batton 1, but allowed state-law claims to proceed, partially due to the argument that commissions are baked into home prices
by Andrea V. Brambila Feb 21
Matterport pulled in $158M last year, up 16% despite $65.8M loss
The company said it expects to grow total revenue 19% to 22% this year as it continues its expansion as an industry leader
by Taylor Anderson Feb 20
Media startup Blended Sense rolls out partnership with NextHome
Austin-based media startup Blended Sense is partnering with NextHome to provide preferential pricing and specialized content strategy and education to the franchisor's 6,000-member network
by Marian McPherson Feb 20
Rising rates and home prices stifle January market: Redfin
The Federal Reserve's policy shift depressed homebuyer and homeseller activity in January, according to Redfin. New and active listings both fell from December levels
by Marian McPherson Feb 16
Utah homeseller files commission lawsuit against NAR, 13 others
The complaint — one of nearly two dozen targeting real estate's commission-sharing structure — alleges 'most' buyer agents will steer clients away from listings that offer lower commission
by Taylor Anderson Feb 12
Chad Roffers dishes on a Sotheby's Concierge Auction record
The Sotheby's Concierge Auctions founder and CEO shared more about how the recent auction of 'La Dune' went down, as well as key reasons why luxury agents turn to the brand to get a deal done
Falling rates helped drive home price growth in Q4, NAR says
US home prices shot up in 86% of the 221 metropolitan areas tracked by the National Association of Realtors and rose 3.5% in the fourth quarter, according to data released Thursday by NAR
by Taylor Anderson Feb 8
Agents have real concerns — but commission rates aren't at the top
Despite ongoing commission lawsuits, agents are more concerned about the health of the real estate pie than the size of their own slice, results of the latest Inman Intel Index survey show
by Chris LeBarton Feb 7
NAR signals more declines to come after 3rd-straight membership dip
NAR Chief Economist Lawrence Yun warned of 'further declines in membership over the next 24 months' said after NAR posted a 2.1% annual membership decline last month
by Taylor Anderson Feb 6
Sluggish net new listings signal that the lock-in effect is not over
Home valuation platform HouseCanary's January housing report revealed persistent skittishness among homesellers, as net new listings tumbled 17.5% from January 2023
by Marian McPherson Feb 5
Rate drop leads to 3rd consecutive month of listing gains
Active and new listings experienced single-digit increases for the 3rd consecutive month in January, according to Realtor.com's latest market report
by Marian McPherson Feb 2
Luxury prices and cash buyers hit a new high to close out 2023
Strategic migration, low inventory and a demand for larger spaces have also contributed to rising luxury prices, agents told Inman, depending on the specific market
Illinois Realtors raises $1M war chest to fight Chicago tax hike
Chicago voters are set to decide whether to quadruple the tax buyers pay on residential and commercial properties in the city. Illinois Realtors plans to lead the fight
by Taylor Anderson Jan 31
Sale-leaseback model is key to saving US homeownership: Study
A white paper published on Tuesday said sale-leaseback programs can save nearly 9M homeowners from permanently losing their homes amid current economic woes
by Marian McPherson Jan 30
Are US home-sale revenues finally bottoming out? Intel examines
The steepest part of the home-transaction downturn appears to be over. Is this where business turns around? Intel dives into the data
by Daniel Houston Jan 29
Attorney lays out how real estate can survive the commission suits
At Inman Connect, Ed Zorn proposed mandating buyer representation agreements, killing the MLS compensation field, adding a concession field, and creating a fund to pay out settlements
by Andrea V. Brambila Jan 26
Inventory problems to stick around for a 'very long time'
Shant Banosian of Guaranteed Rate told Inman Connect New York attendees Thursday that a seller's market is likely to persist for years
by Jim Dalrymple II Jan 25
Realtor.com CEO 'loves' heated competition with Homes.com
Realtor.com CEO Damian Eales addressed the traffic rivalry with Homes.com and why competition is good for agents and consumers
by Marian McPherson Jan 25
Could offices hold the key to America's housing shortage?
Fifth Wall co-founder Brendan Wallace and VTS CEO Nick Romito discussed the bounce between office and remote work and transforming America's empty offices into extra housing during ICNY
by Marian McPherson Jan 24
Tracking the housing recovery? These 12 dates offer crucial clues
Intel is highlighting the most important data releases and events slated for each month of 2024 in an effort to help industry observers follow the arc of residential real estate's rebound this year
by Chris LeBarton Jan 24
Ready to share your wisdom with the industry? The Triple-I survey is open
The Inman Intel Index goes beyond sentiment and trends by tapping into the real estate industry's most engaged community. Add your voice to the industry's most ambitious monthly survey today
by Chris LeBarton Jan 22
California commission lawsuit filed against NAR and 35 other entities
Homesellers allege 36 Realtor association, brokerage, and multiple listing service defendants conspired to inflate buyer broker commissions in violation of state and federal antitrust laws
by Andrea V. Brambila Jan 19
Court says $200B commission suit against NAR must go forward
A federal court judge denied a request from the defendants to suspend the case pending the outcome of post-trial motions after the Sitzer | Burnett verdict
by Andrea V. Brambila Jan 18
Homeseller sues Nevada Realtors, NAR after $40K commission bill
Las Vegas resident Nathaniel Whaley alleges the National Association of Realtors, the Northern Nevada Regional MLS and state and local Realtor groups conspired to inflate broker commissions
by Andrea V. Brambila Jan 17
New LA community Nelavida debuts its luxury starter homes
LA-based boutique firm ACME Real Estate has partnered with award-winning builder Comstock to launch Nelavida. ACME is in charge of sales and design direction
by Marian McPherson Jan 16
Riding a Golden Globes high, Emma Stone lists LA house for $3.995M
The actor, who recently won a Golden Globe for her performance in Yorgos Lanthimos' 'Poor Things,' is selling a gated, Spanish-style home in LA's Comstock Hills neighborhood
by Lillian Dickerson Jan 16
NAR president sidesteps palace intrigue in 1st address to members
Newly installed NAR President Kevin Sears will remain in position for nearly 2 years after replacing Tracy Kasper on Monday. In a video to members he focused on legal challenges and core business
by Taylor Anderson Jan 12
Declining mortgage rates bring new-year market thaw: Redfin
Mortgage purchase applications and new listings have improved in recent weeks, thanks to a 25% decline in mortgage rates from October's peak of nearly 8%
by Marian McPherson Jan 11
Latest homeseller suits in Arizona, New York target commission rules
Class-action complaints filed by Joseph Masiello and Robert Friedman join chorus of litigation nationwide objecting to trade group rules requiring sellers to offer compensation to buyer brokers
by Andrea V. Brambila Jan 11
Realtors fear damage to NAR brand beyond repair following Kasper exit
Members already reeling from a series of accusations and leadership changes told Inman Tracy Kasper's resignation as president after less than 5 months doesn't bode well for NAR's reputation
by Taylor Anderson Jan 10
Chicago landlord, business groups sue to block transfer tax hike
Voters are set to decide whether to increase the tax paid on real estate sales above $1M. Landlords and business groups say referendum violates the state constitution
by Taylor Anderson Jan 5
49% of agents sold either 1 home or none at all in the past year: CFA
Agent 'glut' means part-timers are now the majority, leading to 'widespread incompetence and pressure to maintain high commission rates,' according to the Consumer Federation of America
More agents than ever earn business from networking and SOI
From cold calling and radio shows to painting classes, agent efforts to grow sphere of influence aren't one-size-fits-all
by Chris LeBarton Dec 29
From Sitzer to Moehrl, 2023 was the year of commission confusion
Sitzer | Burnett and its verdict cast a long shadow that will extend into 2024 and potentially shake up the real estate industry. But it wasn't the only lawsuit with commissions in the crosshairs
by Andrea V. Brambila Dec 28
House Hacking spiked amid COVID. In 2024, it will be a household name
Last month, Fannie Mae lowered its down payment minimum for some properties, clearing a path for investors like Alejandro and Jessicas Cuevas, who bought in Chicago with hacking in mind
by Taylor Anderson Dec 26
5 continuing education courses tailor-made for 2024
Keller Williams Head of Inclusion and Belonging Julia Lashay Israel shares her top picks for certifications, designations and resources that are perfect for the new year
Flyhomes announces 3rd round of layoffs since 2022
The Seattle-based brokerage and mortgage lender announced another round of layoffs on Friday. Flyhomes had layoffs in July and November 2022, with one round impacting 20% of its workforce
by Marian McPherson Dec 19
Bess Freedman says agents must 'be present' to succeed in 2024
Ahead of Inman Connect New York in January, the Brown Harris Stevens CEO shared with Inman her tips for navigating challenging economic terrain and what she's looking forward to at ICNY
by Lillian Dickerson Dec 19
NAR President: Commission changes will 'marginalize' buyers
NAR President Tracy Kasper appeared on CNBC's 'The Exchange' Thursday to discuss mortgage rates, affordability and the potential harm of changes to the current commission structure
by Marian McPherson Dec 15
Rates keep falling, and buyers and sellers are springing into action
Listings and pending sales hit the highest level in roughly a year, according to a new report from Redfin. Still, a record number of contracts were canceled
by Taylor Anderson Dec 15
Commission suits hit Realtors, brokerages in Florida, Pennsylvania
In separate lawsuits, homesellers allege the defendants — including Florida Realtors and West Penn MLS — conspired to enforce rules that inflated commissions on the sale of their homes
NAR argues against setting trial date in Moehrl commission suit
The trade group's attorney says NAR is 'still analyzing' the consequences of the Sitzer | Burnett verdict. Judge Andrea R. Wood says Moehrl is a 'different case' that will likely go to trial in Q4 2024
by Andrea V. Brambila Nov 29
35% of Americans hope the housing market will crash in 2024
LendingTree's latest consumer survey revealed 35% of Americans hope the market will crash in the next 12 months. They believe an economic downturn will lower mortgage rates and home prices
by Marian McPherson Nov 28
Georgia homesellers file yet another antitrust commission suit
The Georgia suit accuses NAR and major real estate companies of conspiring to keep commissions high. It's also the latest in a string of new cases following the Sitzer | Burnett verdict
by Jim Dalrymple II Nov 28
Curbio accused of targeting elderly homeowners in new fraud suit
Curbio 'strongly' denied claims on Monday by Washington, DC's attorney general that the pre-sale renovation startup violated consumer protection laws through 'deception, intimidation and fraud'
by Taylor Anderson 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
Sitzer | Burnett defendants bulk up lawyer bench to prep for appeal
The National Association of Realtors and Keller Williams have hired former US solicitors general to help them beat back the multibillion-dollar verdict
by Andrea V. Brambila Nov 17
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
Confused about your commission? Your client will be too: LeBarton
The industry is still unpacking the Sitzer | Burnett verdict and its impact on commissions, Inman Director of Research Chris LeBarton told Intel. After that, expect even more queries from clients
by Daniel Houston Nov 15
Commission lawsuits are piling up. Keep track of them all right here
In the wake of the Sitzer | Burnett verdict, the number of bombshell lawsuits has rapidly multiplied — putting more pressure than ever on real estate's status quo. Here's a rundown of all the cases
by Jim Dalrymple II Nov 10
South Carolina homesellers latest in line to sue NAR, Keller Williams
A new commission lawsuit filed Monday seeking class-action status alleges sellers encountered 'illogical, harmful, irrational and anticompetitive effects' of NAR's cooperative compensation rule
by Andrea V. Brambila Nov 10
New commission lawsuit targets REBNY and 26 companies in NYC
Homeseller Monty March filed suit in the Southern District of New York Wednesday, alleging REBNY rules in Manhattan kept commissions high and violated state and federal antitrust laws
by Taylor Anderson Nov 10
Sitzer | Burnett plaintiffs' attorneys in talks with Department of Justice
Disrupting the National Association of Realtors' use of multiple listing services as a 'vehicle for higher commissions' is at the center of talks, lawyer Michael Ketchmark told Inman exclusively
Inman Influencers want agents to get ahead in 2024. Here's the plan
Members of the inaugural class of Inman Influencers told agents during a roundtable discussion to wield video, defy the market, get a coach and shed fears of rejection to succeed in the new year
'A great career, not a great year': 3 brokerage leaders play long game
In their session at Inman Connect virtual, these 3 brokerage leaders discussed how they've worked to carve out a central place in the communities they serve
by Daniel Houston Nov 1
Implement a listing-centered strategy with this 2-pronged plan
A group of prominent real estate voices laid out several actionable steps for building through a slow market at Inman Connect
by Daniel Houston Nov 1
Offerpad to partner with Anywhere agents outside of market area
Sellers located outside of Offerpad markets who contact the iBuyer for services will be connected with eligible agents in the Anywhere Leads Network
by Lillian Dickerson Oct 26
Beth Kushnick went from staging 'The Good Wife' to your listing
The longtime film and TV set decorator turned to staging for NYC-based real estate firm Archpoint Advisory on the cusp of the WGA and SAG-AFTRA strikes and is enjoying the opportunity
by Lillian Dickerson Oct 26
Young homebuyers could lead the recovery. So what do they want?
First-time buyers are less likely than homeowners to be holding out for lower mortgage rates. But they hold a host of other priorities and concerns, according to an Intel analysis of buyer behavior
by Daniel Houston Oct 25
The activity with best ROI? It's old-school networking, Intel poll shows
Agents are doubling down on networking to drive business in tough times, according to results from the Inman Intel Index, excerpts of which are available to Select subscribers for the first time
by Lillian Dickerson Oct 25
Buyers continue downward spiral, but new listings may be steadying
Homebuyers are backing away from the market as mortgage rates continue to climb. But new listings aren't declining as quickly, Redfin reports
by Daniel Houston Oct 19
NAR to shed 1M members if shared commission banned, analysts say
A report released Oct. 4 by the investment banking firm Keefe, Bruyette & Woods forecasts commissions to decline by at least 30% as a result of ongoing threats to the real estate industry
by Taylor Anderson Oct 16
An agent got creative with a listing. He wasn’t ready for the backlash
Nicholas Greer decided to have some fun with one of his listings. He made a lot of people angry. 'I’m just an artist at heart,' he told Inman earlier this week. 'I can’t turn that off'
by Ben Verde Oct 13
Very superstitious: Agents say Friday the 13th can jinx a deal
St. Joseph statues, canceled flights, horseshoes, oh my! When clients are already nervous about a transaction, Friday the 13th could be the 'nail in the coffin,' agents said
by Lillian Dickerson Oct 13
'Modest' commission proposals are insufficient, says watchdog
Long critical of the lack of real estate commission transparency, watchdog group Consumer Federation of America released steps for creating a competitive commission landscape
It's the most perilous time of year to overprice a home: Opendoor
Nearly 1 in 4 homes that were overpriced at listing will end up being delisted in the slower fall months, according to a new report
by Daniel Houston Oct 5
MLS commission settlement in jeopardy amid new DOJ 'concerns'
The Department of Justice's antitrust division on Thursday requested a 2-month deadline extension to review a proposed deal between homesellers and MLS PIN, a broker-owned multiple listing service
CoStar's Homes.com beats Redfin, Realtor.com to become No. 2 portal
In a sign of the listing portal's growing influence, Homes.com hit more than 100M unique visitors in September, sparking a 1,290% annual increase in traffic. Now the portal is second only to Zillow
Homes are no longer affordable for the average American, report says
Home prices could be reaching a breaking point, new report says, as housing affordability drops to lowest level since 2007. The median price of homes and condos is a record $351,250
by Taylor Anderson Sep 29
Age of Aquarius is here as astrology boom hits the real estate industry
As younger homebuyers revive an age-old fascination with astrology in the aftermath of the pandemic, agents, designers and astrologers told Inman the stars are aligned for a resurgence
by Lillian Dickerson Sep 22
Top-producing LGBTQ+ Real Estate Alliance members earned $8.53B
The 3rd annual Top Producers list honors 388 agents and team leaders who raked in $8.53B in 2023 alone, reflecting the growing influence of LGBTQ+ agents in the industry, the Alliance says
by Marian McPherson Sep 20
Alex Vidal shares his journey from secretary to ERA brand president
Newly minted ERA Brand President Alex Vidal shares insight into his first 100 days at the helm, what ERA's 'magic' is, and how his first job as a secretary prepared him to lead a brokerage
by Marian McPherson Sep 20
The pandemic broke open houses. Can a financial downturn fix them?
Open houses have been on the decline for decades, with a typical seller hosting just 1 open house before a sale. But an Intel review of data shows a downturn could breathe new life into the practice
by Marian McPherson Sep 20
NAR loses 'Great Place to Work' distinction on heels of Chicago rally
A rally at NAR headquarters in Chicago drew few Realtors on Monday, but organizers at the NAR Accountability Project declared a win nonetheless after NAR lost its 'Great Place to Work' merit
by Taylor Anderson Sep 18
RE/MAX settles bombshell commission lawsuits for $55M
The deal resolves claims in both the Sitzer and Moehrl antitrust cases. The franchisor agreed to change its business practices, including 'no longer forcing homesellers to pay buyer’s agents'
by Andrea V. Brambila Sep 18
How a construction niche produced 1 of the top luxury agents in the US
The former No. 1 Engel & Völkers Americas agent tells Inman how real estate professionals can build top businesses by targeting a niche
by Lillian Dickerson Sep 15
MLS PIN settlement approved after overcoming judge's qualms
Judge Patti Saris preliminarily approved the deal after settlement fund restructuring. The case could provide a sneak peek at broader changes pending bombshell commission suit outcomes
by Andrea V. Brambila Sep 14
2023 fall outlook: A cooler season roiled by homebuyer-seller friction
Commissions will take a hit from the seasonal real estate transaction fall-off. But unlike last year, home price growth may gain steam, according to an Intel analysis of housing market projections
by Daniel Houston Sep 13
The 2023 fall housing market won't look anything like the 2022 market
Windermere Real Estate Chief Economist Matthew Gardner revealed to Intel why an inventory surge in the fall of 2022 may have been a blip — and what that might mean for the housing market
by Daniel Houston Sep 13
Home values fell in 21 of the 50 largest US metros in August: Zillow
Home values are now 11.4% lower in Austin, Texas, than they were in Aug. 2022, Zillow said. Nationally, prices were up slightly from July to August, and there was a small inventory uptick
by Taylor Anderson Sep 13
Data providers now data partners as Plunk, Local Logic strike deal
The overlap in offerings will empower clients on both sides of the partnership, providing Local Logic users with granular insights on the financial aspects of homes within market reports
by Craig C. Rowe Sep 12
Zonda acquires self-touring app in support of new construction portal
UTour empowers 'unattended access,' combining a voice tour generated by artificial intelligence, chat tools for in-tour buyer questions and a security feature for users
by Craig C. Rowe Sep 8
Revive's AI-upgrade improves post-remodel valuations
Computer vision can scan photos of an entire market and use what it learns to create quality and condition benchmarks according to a specific submarket and price range
by Craig C. Rowe Sep 6
Anywhere settles bombshell Sitzer and Moehrl commission lawsuits
The company agreed to resolve the claims against it for $83.5M. Exact terms will be revealed when the plaintiffs ask the court to approve the deal, but an attorney for the plaintiffs says the franchisor is the first of the defendants to agree to 'change its practices'
Investor activity keeps slowing down from pandemic-era highs
Phoenix, Las Vegas and other Sunbelt metro areas saw the biggest slowdowns in investor activity as high rates and low demand cooled activity nationwide, according to reports
by Taylor Anderson Aug 31
BoxBrownie to help 72SOLD keep its promise to sellers
Company's quick turnaround of marketing assets is ideally designed to complement the urgency-based system 72SOLD leverages to promote listings, said co-founder of BoxBrownie Brad Filliponi
by Craig C. Rowe Aug 31
Real estate has trimmed its losses. But 'winter is coming': DelPrete
Even as real estate companies cut costs and narrowed losses in the second quarter of 2023, the third quarter may deliver the truest test of their financial mettle, Mike DelPrete told Intel
by Daniel Houston Aug 30
Consumer unease over inflation rekindled in August following rally
Consumer sentiment dipped to 69.5 in August following months of recovery, a downward shift that underscores the complex web of rapidly changing expectations, according to data released Friday
by Daniel Houston Aug 25
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
Share of first-time homebuyers hits highest level since 2010: Zillow
Unburdened by rate lock, the share of first-time homebuyers rose to 50% this year, according to a new report from Zillow. That's the highest share since 2010
by Taylor Anderson Aug 23
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
Texas, Florida buyers are trading civil rights for affordability: Redfin
Residents in Florida and Texas would rather live in states with abortion care and LGBTQ rights, but affordability worries force them to stay in their current states, according to a new Redfin survey
by Marian McPherson Aug 16
Real estate investors believe the worst may be in the rear view
The outlook is mixed, but 'it does look like prices may have bottomed out and are on their way back up,' said CJ Patrick Company CEO Rick Sharga
by Taylor Anderson Aug 15
New Western's marketplace and other solutions to inventory crisis
Retail investors and local landlords offer real estate agents a variety of options for staying active in a market bereft of traditional inventory. You simply need to know how to connect with them
by Craig C. Rowe Aug 14
Better 1 step closer to long-delayed IPO with approval of SPAC merger
Shareholders on Friday overwhelmingly approved a plan to merge mortgage lender Better HoldCo with the Aurora Acquisition Corporation. The deal is expected to close before the end of August
by Taylor Anderson 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
4 outside-the-box uses of AI that could change real estate
Everyone's talking about chatbots. But 3 experts at Inman Connect Las Vegas explored AI's other cutting-edge applications for agents during a panel on Wednesday
by Daniel Houston Aug 10
Judge balks at 'unusual' MLS settlement in commission case
Judge Patti Saris, of the US District Court in Massachusetts, said she 'loved' the commission rule changes the deal includes, but didn't think the litigation fund was fair for plaintiffs
The commission suits are headed to trial. What happens after that?
At Inman CEO Connect, Russ Cofano, James Dwiggins and Greg Robertson debated the changes that agents and brokers may see as a result of homeseller lawsuits and government interference
Thad Wong plans to grab more market share during downturn
'The part that I can't control is the market, but I can control my market share,' Christie’s International Real Estate CEO Thad Wong said at Inman Connect Las Vegas on Tuesday
by Taylor Anderson Aug 8
Locked in, or misinformed? How seller's agents can allay client fears
Homeowners feel locked in and for good reason. But sellers should know the other side of the coin too, agents argued at Inman Connect
by Daniel Houston Aug 8
4 ways to improve real estate as bombshell commission suits sizzle
At Inman Connect Las Vegas, real estate broker and attorney Kendall Bonner urged the industry to be proactive instead of waiting to be legally 'bullied' into change
The ultimate guide to Inman Connect Las Vegas 2023
So you've decided to join us at Inman Connect Las Vegas. Bravo! Here's a day-by-day breakdown of the conference along with some tidbits to get the most out of your week in Sin City
by Marian McPherson Aug 8
3 luxury agents share their climbs into higher price points
'Belong to the private clubs, golf at the best golf clubs,' Jean Merkelbach, of Engel & Völkers said at Inman Luxury Connect. 'Be where they are so they recognize you'
by Taylor Anderson Aug 7
With off-market listings, sellers rarely know best, luxury agents say
How do you balance what a privacy-driven luxury seller wants when it’s a clear break from MLS rules and general industry standards? Panelists at Inman Luxury Connect discuss the challenges
by Craig C. Rowe Aug 7
Luxury homebuyers and sellers need straight talk on the market
Luxury agents can earn points for authenticity by giving clients a clear picture of prices today's housing market will bear as long as it's backed by data, experts said at Inman Luxury Connect
by Matt Carter Aug 7
How luxury agents earn long-term business? By shooting straight
In a down market, clients might not like what agents have to say. But they need to hear it anyway, Frances Katzen of Douglas Elliman and Rachel King of SERHANT. agreed at Inman Luxury Connect
by Taylor Anderson Aug 7
The secret to selling a luxury home: 'Stay positive' and price it well
Panelists Joyce Rey and Paul Benson share how they make deals happen in a transitioning market
To win this summer, homebuyers in California are turning every stone
With some of the highest home prices in the nation, California buyers and sellers are having an abnormally difficult time managing higher mortgage rates, agents in the Golden State told Inman
by Marian McPherson Aug 4
Did the US dodge a recession? As outlook softens, analysts reassess
A rising tide of economists are backing away from early forecasts that the US is very likely to enter a recession later this year or by the first quarter of 2024. But some still see dark clouds ahead
by Taylor Anderson Aug 4
HomeServices appeal dismissed as court eyes October for Sitzer trial
The ruling against HomeServices of America in federal court on Wednesday sets the stage for a likely Oct. 16 start for the first of 2 highly anticipated bombshell commission trials later this year
Foreign buyers target high-end homes as transactions fall 14%
The average price of homes sold to foreign buyers was $639,900, the National Association of Realtors said. The median price was $396,400. Both numbers are record highs
by Taylor Anderson Aug 2
A doctor inherited a vacant lot. The home he found there shocked him
Daniel Kenigsberg alleges a series of fraudulent documents led to his land being stolen last fall before contractors built a single-family house on his half-acre of land in Connecticut
by Taylor Anderson Aug 2
What the early '80s inflation crisis reveals about today's home market
The Fed has raised interest rates to fight inflation in the past. A new Intel analysis illuminates the data behind the 'rate lock' of the early 1980s and how long it took home sales to eventually recover
by Daniel Houston Aug 2
How to bridge the gap between real estate investors and brokers
Buyers and brokers view deals differently. But they don’t have to be adversaries. Here are strategies to bridge the gap
by Michael Zaransky Aug 1
He grew up in a rental. Now he owns thousands. Here's his playbook
Tawan Davis started the Steinbridge Group in 2016. Today it boasts $500M in active investments, a number that could triple by 2025, he tells Inman. Here's how he's thriving amid the uncertainty
by Taylor Anderson Aug 1
Redfin adds new tool that shows home's risk of damaging winds
Nearly half the people who moved within the US in the past year believe they’ll be impacted by climate change in the next decade, according to a survey the company conducted in the spring
by Taylor Anderson Jul 31
Fed sending US into a 'category 5 hurricane,' Barry Sternlicht says
Starwood Capital Group Chairman and billionaire real estate investor Barry Sternlicht claims Fed inaction has all but ensured a recession is on the way. 'Nobody wants to sell anything today'
by Taylor Anderson Jul 28
Texas adjusts to growing pains as outside buyers jockey for homes
With an influx of tech and entertainment giants like Tesla and Universal Studios, not to mention a rising tide of millennial buyers, Texas is bursting at the seams as agents rush to find new listings
by Marian McPherson Jul 28
Home prices jumped at biggest rate since November: Report
A drop in supply was enough to offset the drop in demand, sending prices up 2.6% in July. That's the biggest jump since November, according to Redfin
by Taylor Anderson Jul 27
Harvard: Immigrant communities will save American homeownership
As economic headwinds push native-born population and household formation growth down, Harvard researchers say immigrants hold the key to the housing market's future
by Marian McPherson Jul 27
Home prices rose in May in defiance of down housing market
Prices rose 0.7% from April to May after adjusting for increases typically experienced in spring, according to estimates released Tuesday by CoreLogic and the Federal Housing Finance Agency
by Daniel Houston Jul 25
Carrie McCormick: Every home has a story. As agents, we need to tell it
Ahead of her stage appearance at Luxury Connect, @properties' McCormick — Chicago's No 1 luxury broker — shares what buyers truly care about, the key to storytelling and other advice
by Marian McPherson Jul 24
New Yorkers are white-knuckling a turbulent summer buyer's market
Like the energy of its premier city, homebuyers and sellers in New York State are grappling with a rollercoaster summer, with extreme buyers' and sellers' markets taking consumers on a wild ride
by Marian McPherson Jul 21
Redfin CEO: Adjustable-rate loans may push sellers off the sidelines
In an interview with CNBC on Wednesday, Redfin CEO Glenn Kelman laid out some of the variables that might begin to unlock home inventory in the years to come, including adjustable rate resets
by Daniel Houston Jul 20
Homeseller profits increase for 1st time since Q2 2022: Attom
Record-low inventory and rebounding buyer demand led to a 3.8 percentage point increase in seller profit margins — the first since Q2 2022, according to a report from Attom
by Marian McPherson Jul 19
Housing starts drop dramatically in June following strong May showing
Despite a 7% drop in single-family housing starts from a month earlier, builder sentiment remains high due to strong demand for new homes, according to Census Bureau data released Wednesday
by Lillian Dickerson Jul 19
There’s a ‘magic number’ that moves homes. Will we ever hit it?
Buyers have been holding out for a 5.5% rate — but they may need to adjust their expectations, Maegan Sherlock, a senior research analyst for John Burns Research and Consulting, tells Intel
by Daniel Houston Jul 19
Median sale price climbs to $426K for only 2nd time in US history
Undeterred by high mortgage rates, buyers battling over scant inventory pushed June's median sale price to the 2nd-highest level in history, according to new data released Monday by Redfin
by Marian McPherson Jul 17
Cash is still king as Florida agents navigate 'wonkiest market' in years
As the summer housing market in Florida heats up, homebuyers and sellers are discovering a tale of 2 markets that offers opportunities for luxury buyers — and next to nothing for everyone else
by Marian McPherson Jul 14
In 5 months, homebuyers have lost $30K in purchasing power
It doesn't matter that there are fewer buyers to compete against. Rising mortgage rates and depleted inventory continue to erode options, according to new Redfin data released Thursday
by Daniel Houston Jul 13
3 years after lockdown, foreclosed homes remain rare but on the rise
Foreclosures are still affecting a tiny slice of the nation's home inventory. Here are the markets where you're most likely to find one, according to a new report from Attom
by Daniel Houston Jul 12
Zillow's super app is taking shape — and the agent is front and center
Opinion
ShowingTime+, an offshoot of Zillow, has released Listing Showcase, a new way to market listings on the popular consumer search site that makes the agent the centerpiece
by Craig C. Rowe Jul 12
Real estate agents tallied double-digit sales volume gains in 2022
Despite inventory hitting a 23-year low, the average Realtor ended last year on a solid note, according to the National Association of Realtors’ latest Member Profile survey, released Tuesday
by Marian McPherson Jul 12
Gary Keller at Keller Williams KW Family Reunion 2019
The Sitzer/Burnett antitrust case is set to begin Oct. 16 but could be moved to February. The court denied the franchisor's request to change the date because it conflicts with KW's Family Reunion
by Andrea V. Brambila Jul 11
Tiffany Pantozzi on the pleasures and peril of working while pregnant
Ahead of Inman Connect Las Vegas, Align Real Estate founder Tiffany Pantozzi told Inman she concealed her pregnancy last year out of fear clients would discount her ability to juggle the work
by Taylor Anderson Jul 10
Average homes sell above asking price for first time since last year
The average sale price nationwide just exceeded 100% of list price for the first time since August of last year, according to a new market report from Redfin released on Thursday
by Daniel Houston Jul 6
Manhattan luxury-condo sellers are giving in to buyer demands
Even as transactions are going through for higher-priced condos and apartments, sales in the lower price tiers have been drying up
by Daniel Houston Jul 6
Barbie's Malibu DreamHouse would command $10M — if it was real
In anticipation of the July 21 premier of 'Barbie,' Airbnb has listed a real-life DreamHouse for 2 lucky guests. A Malibu broker estimated closing costs and a sales price for the fabled pink palace
by Marian McPherson Jul 5
The stories and trends that defined a whirlwind first half of 2023
Intel takes a look back at the market trends, brokerage strategies, Wall Street happenings and legal controversies that shook the past 6 months and could well define the remainder of 2023
by Marian McPherson Jul 5
Kendall Bonner: The industry isn't ready for reality of commission suit
Bonner, an eXp team leader, has been vocal about the need for agents and brokers to consider how they'll serve buyers in a post-lawsuit landscape. She expanded on her concerns with Intel
by Daniel Houston Jul 5
DOJ: Ron DeSantis' foreign-buyer property ban in Florida is unlawful
Department of Justice officials claimed last week the bans on some foreign citizens buying property in Florida violate the Fair Housing Act and the US Constitution
by Daniel Houston Jul 3
Pending home sales fall, but Northeast sees a surge: Data
Sales of pending homes declined 2.7% in May and were down 22.2% from a year ago, but the Northeast saw a 12.9% increase, according to new data from the National Association of Realtors
by Ben Verde Jun 29
Compass CEO: Pandemic craze will return once mortgage rates hit 5%
Compass CEO Robert Reffkin revealed on CNBC how volatile mortgage rates are sidelining homesellers and why a boost in existing-home inventory could happen as early as December
by Marian McPherson Jun 29
New listings plummet 27%, marking biggest annual fall since pandemic
The number of new listings coming onto the market has plunged since June 2022, according to data released Thursday by Redfin. Transaction levels remain low even as home prices creep higher
by Daniel Houston Jun 29
'Voluntary moves are gone': Why today's buyer looks so different
More buyers today are moving because they have to. Here's what they look like — and how agents are courting their business in a down market
by Jim Dalrymple II Jun 28
New home sales jumped 20% in May, a 12.2% jump from April
Sales of newly built single-family homes were at a seasonally adjusted rate of 763,000 during May 2023 — 20% higher than the levels seen in May 2022, according to data from the US Census Bureau
by Ben Verde Jun 27
Nearly 1 out of every 10 homes sold in Q1 was flipped: Report
Home-flipping activity remained high during the first 3 months of the year after a sharp drop. Profits also rose slightly, according to property data firm Attom
by Taylor Anderson Jun 22
Home sales see typical boost in May to close a sluggish spring
The National Association of Realtors recorded 408,000 sales of existing homes in May. Before the pandemic, that number was closer to 530,000
by Daniel Houston Jun 22
5 luxury home staging trends that should be on your radar in 2023
Staging leaves a lasting impression on potential buyers. Chris Pollinger sat down with Nicole Senia and Samantha Senia of Elite Home Staging to uncover the latest trends in luxury design
by Chris Pollinger Jun 22
May saw the lowest housing inventory in a decade: Report
The number of homes for sale in the United States fell 7.1% year over year to 1.4M on a seasonally adjusted basis, according to a new report from Redfin
by Ben Verde Jun 21
Builders are back on track. Here's what that means for real estate
It wasn't easy, but builders survived the market downturn without mass layoffs. And they've clawed their way back near normal sales levels
by Daniel Houston Jun 21
Now LiveEasy, moving concierge is all-in on life after closing
Moving technology and concierge company MoveEasy has rebranded as LiveEasy to accommodate new tools, better connectivity and its introduction to the rental market
by Craig C. Rowe Jun 20
The inventory recovery suffered a setback. Is it just temporary?
The housing downturn was supposed to bring the market back into balance between buyers and sellers. But recent inventory gains have stalled
by Daniel Houston Jun 14
Low inventory propped up price growth this spring
US home values grew 1.4% between April and May of 2023 — slower than the past 2 springs but faster than both the 2018 and 2019 spring markets
by Ben Verde Jun 12
Meade High School, Kelly Moss and the rise of fake real estate listings
Two fake Zillow listings went viral at the end of May — one was a high school senior prank and the other resulted in buyers losing thousands. Here's how to save clients from online scammers
by Marian McPherson Jun 12
New scheduling, market reporting tools boost ShowingTime+
While Zillow remains centered on consumer search and lead generation, offspring ShowingTime+ is becoming the 'super app' the industry giant promised, according to the company
by Craig C. Rowe Jun 8
Keller Williams' Laurie Reader: It's 'a full-blown, skill-based market'
Ahead of her appearance at Inman Connect Las Vegas, the CEO of Laurie Finkelstein Reader Real Estate shares why absorbing information and attending events is more crucial than ever in 2023
Hiring in real estate ramps up — but lags behind other industries: Labor
May was a strong hiring month for the US as a whole. But in a down market, real estate didn't quite keep pace, according to new jobs data released Friday by the Bureau of Labor Statistics
by Daniel Houston Jun 2
Judge narrows in on trial date for bombshell commission lawsuit
If the parties don't settle, expect a lengthy trial for the Moehrl homesellers' case against NAR, Anywhere, Keller Williams, RE/MAX and HomeServices of America
by Andrea V. Brambila May 30
A former CNN producer reveals why agents intuitively 'get' social media
Ahead of her appearance at Inman Connect Las Vegas, media strategist Shannon McKinstrie shares how agents can tap into social media as a lead generator without falling into a time-suck
by Andrea V. Brambila May 30
Bombshell commission suit 1 step closer to trial after appeal rejected
A federal appeals court on Wednesday denied a request from NAR, Anywhere, Keller Williams, RE/MAX and HomeServices of America to overturn class certification in the Moehrl lawsuit
by Andrea V. Brambila May 25
'Unlivable shack' that 'must be demolished' sells for $1.1M
The home has 3 bedrooms but isn't livable, because it has been left abandoned for some time and has become derelict and dangerous. It attracted 5 bidders after originally listing for AU$1.2M
by Ben Verde May 24
Massive metro-to-metro home price gaps reach 13-year highs
Early-pandemic migration trends are still impacting market growth, with pandemic boomtowns' home price growth still outpacing historically expensive coastal markets
by Marian McPherson May 23
Lake Homes Realty launches Beach Homes Realty
Beach-Homes.com will help homebuyers find beachfront, beach-view and beach-access homes easier with more than 68,000 coastal properties across 14 states, according to the company
by Lillian Dickerson May 23
Pandemic boomtown homes sell for $80K less than a year ago
The median US home sale price fell 4.1% or $17,603 year over year to $408,031 between April 2022 and April 2023, according to a new report from Redfin
by Ben Verde May 22
With lawsuits in play, NAR Midyear treads lightly with commission talk
At the Realtors Legislative Meetings, NAR attorney Charlie Lee stressed agents can't count on a 'standard' commission and will have to negotiate compensation with clients and listing brokers
by Andrea V. Brambila May 17
Real Brokerage CEO touts in-works app as the 'future of real estate'
Tamir Poleg believes an in-the-works, consumer-facing app his brokerage is developing will dramatically alter the process of buying and selling a home
by Ben Verde May 17
America's highest-volume broker on a real estate market in flux
The founder of the HomesUSA platform tells Intel how he became the nation's highest-volume broker — and what metrics he tracks each month
by Daniel Houston May 17
Agent charged with fatally lacing husband's drink amid mansion feud
Real estate agent Kouri Richins then wrote a book with her 3 children to help kids cope with the sudden loss of a parent, according to charging documents filed in the case earlier this week
by Taylor Anderson May 12
iGuide software update draws in architects with DWG format
While merely a technical value-add for many, there is great potential in opening up iGuide’s dynamic, data-driven capabilities to a wider audience, according to the company
by Craig C. Rowe May 11
'The best tools in the market:' RentSpree picks up 4 more MLSs
RentSpree's end-to-end solution was selected by Rhode Island Association of Realtor’s Statewide MLS, Heartland MLS, Intermountain MLS and REsides Inc., the company exclusively told Inman
by Craig C. Rowe May 10
Survey details 'growing suffering' for LGBTQ+ buyers, sellers
LGBTQ+ real estate professionals explain the impact of more than 320 anti-LGBTQ laws on LGBTQ homeownership and housing rights, in the LGBTQ+ Real Estate Alliance's 3rd annual survey
by Marian McPherson May 10
The seller's market is roaring back as buyers vie for limited inventory
A 'drought' of new listings is driving up prices, reversing the sluggishness of late 2022, and forcing buyers to compete fiercely for homes, according to a new analysis from Zillow
by Jim Dalrymple II May 10
Are you in a seller's market or a buyer's market? Take Inman's quiz
Are homebuyers asking for concessions? Are bidding wars ubiquitous in your market? Answer a few simple questions to determine if your area favors homebuyers or sellers this spring
by Jim Dalrymple II May 10
The markets real estate investors are fleeing amid the housing slump
Despite economic turmoil, investors large and small are still a force to be reckoned with in the housing market. Intel broke down the cities they've soured on — and the ones they just can't quit
by Daniel Houston May 10
Soaring spring home prices are very real — and widespread: NAR
For now, a seasonal surge in home activity has arrested falling prices in most US markets, according to Q1 metro home price data released Tuesday by the National Association of Realtors
by Daniel Houston May 9
Market slowdown is 'chipping away' at homeowner wealth: Attom
The share of homes that were worth at least 50% more than their mortgage fell for the second straight quarter. Still, a few homes are facing foreclosure, according to the latest report
by Taylor Anderson May 4
What agents need to know as the complex mortgage fee hike kicks in
Loan-level pricing adjustments — a fee on mortgages — led to widespread misinformation leading up to the May 1 hike. Inman spoke to experts about what the changes mean for homeowners
by Taylor Anderson May 1
$3B in volume: World-record holder Ben Caballero sets new one
The Texas agent, who specializes in new construction and routinely tops industry lists, sold more than 6,000 homes last year, setting a new record
by Jim Dalrymple II Apr 27
It's getting harder to make money on a home sale: ATTOM
A report out Thursday shows that profit margins on home sales have fallen dramatically since their high points last year. In Q1 2023, the profit margin on a median-priced US home was 44.2%
by Jim Dalrymple II Apr 27
Housing drags down US economy for second-straight quarter in Q1
Consumer spending remained high while the broader economy slowed, growing just 1.1% in the first 3 months of 2023, according to data released Thursday by US Bureau of Economic Analysis
by Taylor Anderson Apr 27
Handwritten direct mail and AI landing pages? Addressable is the answer: Tech Review
Opinion
A USPS report found that more than 70 percent of Gen X survey respondents feel mail is more personal than online digital communications. Forty-seven percent of millennial respondents said they took the action of visiting the website of a company sending them direct mail
by Craig C. Rowe Apr 27
‘Get a lawyer to look at it’: Mike DelPrete on incentive split pitfalls
Some real estate agents are earning tons in extra splits from their brokerages, the real estate advisor told Intel. Everything seems great — until they're told to pay it back in full
by Daniel Houston Apr 26
Home prices have stopped falling. But is it a reversal or a blip?
Two widely cited home price measures confirm that the price drops halted in the early weeks of 2023. But downward pressure on prices remains
by Daniel Houston Apr 25
Plunk partnership delivers dynamic market data to SentriLock users
The integration is now live within SentriLock’s mobile app, and activating it displays a series of visual breakdowns on home valuation and adjacent market activity
by Craig C. Rowe Apr 25
Nearly 1 in 7 homes sold in March went for less than investors paid
Investor profits are falling, and the number of investors losing money reached the highest point since 2016, according to a new report from Redfin
by Taylor Anderson Apr 21
Livabl portal aims to build up new construction market
Zonda has released a front-end system for finding new-construction homes called Livabl, 'to strengthen our partnerships with builders throughout North America,' Livabl says
by Craig C. Rowe Apr 21
Compass CEO: Buyers will deal with higher rates. Sellers? Not so much
During his latest CNBC appearance, Compass CEO Robert Reffkin outlined the catch-22 of higher mortgage rates and why early pandemic boomtowns are facing a devastating bust
by Marian McPherson Apr 21
Compass assembles new division serving military families, veterans
The brokerage is recruiting agents and regional directors from the military community to help launch the Compass Military Division in July
by Daniel Houston Apr 21
Buying a home is hard. For first-timers, it's never been tougher
Homes in the lower tier of pricing are still 8% more expensive than at this time last year — and inventory has barely budged, according to a new analysis released Thursday by Zillow
by Daniel Houston Apr 20
Millennials and Gen Z have a plan for buying homes: Scratch and win
A majority of Americans born between 1981 and 2013 believe that, short of winning a big-ticket lottery, the likelihood of affording a home in the US is low, according to a new survey by Zillow
by Taylor Anderson Apr 19
The ‘Great Reshuffling’ is more complex than we realized
The dust has begun to settle from the great pandemic home-price boom and bust. An Intel deep-dive analysis sheds light on which markets have been hit hardest by falling prices — and why
by Daniel Houston Apr 19
Real Brokerage CEO: 'At times like these, new leaders are crowned'
The Real Brokerage founder Tamir Poleg shares how his rapidly growing business scooped up so much market share last year against the odds — and what the market holds in the days ahead
by Daniel Houston Apr 19
New-home construction creeps upward from lower perch in March
Builders pushed forward with more single-family projects for the second month in a row, but remained far less active than in 2022, according to data issued Tuesday by the US Census Bureau
by Daniel Houston Apr 18
This company said it could help flippers make money. Most didn't.
Lawsuit says hundreds of real estate investors lost tens of thousands of dollars due to practices by the company, Build Realty. A judge ruled the case can move forward as a class action
by Taylor Anderson Apr 17
Clarence Thomas failed to report property deal with Texas developer
Crow Holdings chair Harlan Crow, already under scrutiny for his role as a benefactor to the US Supreme Court Justice, reportedly bought 3 properties from Thomas, including his mom's home
by Daniel Houston Apr 14
Mike DelPrete weighs in on the rapid rise of The Real Brokerage
The company's transaction growth in 2022 was second only to eXp's. Here's what's fueling its rapid rise, and what to expect after its 'exponential growth phase,' according to analyst Mike DelPrete
by Mike DelPrete Apr 12
Real estate adds fewer jobs in an otherwise strong US hiring month
The start of spring usually marks more brokerage transactions and ramped-up construction schedules. But payroll growth was weaker in March, according to Bureau of Labor Statistics data
by Daniel Houston Apr 7
75% of agents say they won't switch brokerages over next 2 years
From 2019 to 2023, the number of agents who left a brokerage due to a weak culture doubled to 30%, according to a recent Coldwell Banker survey
by Marian McPherson Apr 5
Cash to burn: Do real estate's big players have enough in the bank?
Real estate businesses burned through billions in cash last year. Intel breaks down the biggest companies with the least wiggle room as economic uncertainty stretches into 2023
by Daniel Houston Apr 5
Don't knock the She Shed, guys — it could get you a 2.5% premium
Amenities that appeal to cooking enthusiasts, like steam ovens, pizza ovens or professional-grade appliances, can also add as much as 5.3% more to a home's sale price, a new analysis shows
KC Conway on a big banking risk that has flown under the radar
Hundreds of banks are exposed to large concentrations of commercial real estate — and high levels of risk, Red Shoe Economics' K.C. Conway, a seasoned Federal Reserve veteran, told Intel
by Daniel Houston Apr 5
When pigs fly: A $5M California home gets rare approval from Zillow Gone Wild
Real estate agent Sarah Rogers' latest listing received a rare seal of approval from Zillow Gone Wild, a social media page famous for highlighting the industry's wackiest listings
by Marian McPherson Apr 4
Home staging dips in popularity as fewer agents make the effort: NAR
The National Association of Realtors' 2023 Profile of Home Staging reveals a quarter of all staging efforts yield additional profits of up to $18,935 for a median-priced home
by Marian McPherson Apr 3
'Stop arguing and start adjusting': Agents react to class-action ruling
From 'NAR is toast' to 'don't make any rash decisions,' real estate agents, executives and thought-leaders offered their thoughts on the explosive Moehrl class certification ruling Wednesday
by Andrea V. Brambila Mar 31
Brad Pitt offloads LA estate for $39M in off-market deal
Pitt began shopping for a buyer at a $40M asking price in January, according to reports. The home, which he purchased from actress Cassandra Peterson 'Elvira', was never publicly listed
by Ben Verde Mar 30
Homebuyers and sellers played chicken as sales slowed in March
Realtor.com's latest monthly report reveals a market full of contradictions as mortgage rates continue to drive consumer sentiment and activity
by Marian McPherson Mar 30
Pending sales increase 3rd-straight month as prices cool: NAR
'Existing-home sales, pending contracts and new-home construction pending contracts have turned the corner and climbed for the past three months,' said NAR's Lawrence Yun
by Ben Verde Mar 29
Gen Zers see 'green homes' in their searches, says RE/MAX study
Amid a wavering economy, homebuyers and sellers continue to want expert advice from agents while looking to prepare for the future, and for Gen Z that means finding 'green homes'
by Lillian Dickerson Mar 29
Will an inventory shortage stymie spring? Look to 1994 for clues
This spring won't be easy for homebuyers and their agents, but history is full of examples in which the supply of homes went down, but sales kept chugging along, according to an Inman analysis
by Jim Dalrymple II Mar 29
Revive wins again, takes home 2 ADDY awards
Its efforts move on for judgment at the district level and potentially the national competition, pitting the proptech against some of the nation’s most recognized consumer brands and agencies
by Craig C. Rowe Mar 28
Retire early with real estate: 7 ways to reach financial freedom
From house hacking to the BRRRR strategy, try these approaches to reach financial independence with real estate. Better yet, combine several of them for even faster results
by G. Brian Davis Mar 28
Boomers strike back: Older buyers unseat millennials as top cohort
Baby boomers have long enjoyed advantages over millennials in the home market. Now, they outnumber them, according to data released Tuesday by the National Association of Realtors
by Daniel Houston Mar 28
Will spring be a bust? 4 decades of housing data tell a complex story
Past periods of high inflation and high rates — be it in 1979, 1980 or 1990 — have caused the housing market to stall. But they also didn't crush it forever, according to an Inman analysis
by Jim Dalrymple II Mar 28
Read Inman's exclusive Roadmap to Real Estate's Future
Brad Inman pens a letter to the real estate industry, published here in full, alongside Inman's Roadmap to Real Estate's Future, which grew out of 3 days of insight at Disconnect 2023
by Daniel Houston Mar 27
Real estate braces for year of mass consolidation as startups eye exit
A contracting market will place pressure on struggling startup entrepreneurs while some broker-owners use the down market as an opportunity to nail down a succession plan, analysts told Intel
by Daniel Houston Mar 22
The tug-of-war between millennials and boomers heats up this spring
5 real estate experts explain how rising mortgage rates, inflation and economic uncertainty could impact baby boomers and millennials this spring and how both groups can succeed
by Marian McPherson Mar 20
45% of sellers offered concessions coming into 2023: Redfin
As the market shifts, so are homesellers' tactics. Nearly half of sellers offered concessions or price cuts during the beginning of the year, a reverse of years of bidding wars
by Marian McPherson Mar 15
‘Just a freakish bit of data’: Sticker shock imperils spring home demand
Economists revealed to Intel how mortgage rates and inflation will bring the spring homebuying market back toward historical norms and become the new sales benchmark for years to come
by Marian McPherson Mar 15
Signature becomes 2nd major real estate-focused bank to fail
Signature was the largest commercial real estate lender in New York City by transaction volume and third-largest by volume since January 2020, according to PincusCo
by Taylor Anderson Mar 13
Inventory struggle is real, leaders declare in exclusive Inman survey
Leaders and agents who took Inman's first Intel leadership survey said inventory is among their biggest challenges right now — but growing in 2023 isn't totally out of the question
by Jim Dalrymple II Mar 13
Latest jobs numbers take pressure off wages — and mortgage rates
The real estate industry got 2 kernels of good news in the latest jobs numbers from the US Bureau of Labor Statistics
by Daniel Houston Mar 10
Realty ONE Group plants flag in Cayman Islands and Cyprus
The new franchises add to the brand's presence across the globe in more than 400 offices in 49 states, Washington D.C., Puerto Rico, Canada and several other countries
by Ben Verde Mar 9
Appraiser ordered to watch exposé on Black homeowners she lowballed
Paul Austin and wife Tenisha Tate-Austin sued appraiser Janette Miller in 2021 after a lowball quote prompted the couple to pose a white friend as the homeowner for a second appraisal
by Ben Verde Mar 9
Welcome Homes CEO Alec Hartman on this moment's parallels with 1981
The CEO of construction tech startup Welcome Homes thinks builders will have to take risks to prevent a massive affordability crisis, the likes of which haven't been seen since the early 1980s
by Daniel Houston Mar 8
Revive, NextHome partner in brokerage's latest tech integration
'Together, we can deliver more of what buyers want in today’s market: Move-in ready homes,' — Revive CEO and founder Michael Alladawi
by Craig C. Rowe Mar 6