Pulse: Readers share the biggest myths about luxury real estate
This week, our readers chime in to debunk the biggest myths about the high-end market. Here are all the misconceptions you shared and cleared up
by Inman Oct 20
Beyond the headlines: 83% of consumers not worried about job loss
Opinion
Looking for a little clarity on this week's news? Windermere Chief Economist Matthew Gardner digs into the numbers of the latest Home Purchase Sentiment Index
by Matthew Gardner Oct 20
September was a record-breaking month for prices, sales and speed
Rising home prices, increasing sales and fewer days on market characterized a historic September in the United States, according to a report issued Monday by Redfin
by Lillian Dickerson Oct 19
Keep up! 3 tips to navigate the post-pandemic sales boom
Is the COVID-induced hubbub of activity keeping you on your toes? These 3 tips will help you keep your post-pandemic momentum going and stay on track with your clients’ evolving needs
by Santiago Arana Oct 19
These 10 cities are tailor-made for first-time homebuyers
By looking at factors such as payment-to-income ratios, a new report from SmartAsset finds that smaller cities within driving distance of a major urban center fare the best overall
Even amid pandemic, luxury sales soared 42% in Q3: Redfin
Luxury sales skyrocketed in 3Q20, even as the number of confirmed cases peaked at 75K on a single day in July and joblessness claims hovered around 1M a week in early August
Choice is good! Why new methods of selling homes are a win-win
Opinion
Although no app is going to replace agents, the concern of disruption in the industry is real. And nothing seems to stoke those fears more than non-traditional ways of buying and selling a home
by Jay Thompson Oct 15
Most Americans who believe their home is haunted don't care enough to move
A survey by realtor.com found that 56% of Americans who think their current home is inhabited by spirits have not thought about moving
by Lillian Dickerson Oct 14
10 questions that'll predict whether a new agent will make it
Real estate can be a highly rewarding business — provided you have certain behavior styles and personality traits. These questions are highly predictive of whether a newbie will do well in this industry
by Bernice Ross Oct 13
Beyond the headlines: Are mortgage rates hurting affordability?
Opinion
Looking for a little clarity on this week's news? Windermere Chief Economist Matthew Gardner discusses the potential consequences of low mortgage rates and persistently low levels of inventory
by Matthew Gardner Oct 13
Pulse: Your top tips for breaking into luxury
This week, our readers share their most helpful advice on how agents can make it in the luxury sector and a few ways to build one of the most important aspects of the job — trust
by Inman Oct 13
Snapdocs closes on $60M to further defragment real estate closings
From notary marketplace to raising more than $85 million in under a year, the software company is putting its stamp on digital escrow
by Craig C. Rowe Oct 12
What does 'luxury' mean in the wake of COVID-19?
Opinion
In a post-pandemic world, features that were once taken for granted are now becoming precious to homebuyers. Now, the idea of luxury means something different, and it includes these new in-demand aspects
by Gerard Splendore Oct 12
How did Charlotte's most expensive home sell in only 4 days?
Listing agent Josh Tucker, of HM Properties' Lake Norman office, told Inman the quick sale had a lot to do with setting up the French-style chateau and drawing attention to it ahead of time
Median home prices see greatest annual growth since 2017
The US median home price stayed near its summer peak of $350,000 and hit record-high, year-over-year growth of 12.9%, according to realtor.com's weekly housing report
by Lillian Dickerson Oct 8
Digital marketer Ylopo and CRM Chime spark strategic partnership
Ylopo partners with CRM providers to help users nurture and convert campaign leads. The company's co-founder called Chime one of its many 'best-in-class' partners
by Craig C. Rowe Oct 7
Redfin: The coronavirus has a bigger impact on sales than the election
According to Redfin's latest survey, only 22 percent of buyers and sellers are adjusting their real estate plans due to the presidential election
by Marian McPherson Oct 6
Out-of-state buyers? 5 tips for helping them in a hot seller's market
Working with buyers from hundreds or thousands of miles away can be a hectic process. However, it all becomes easier (and less stressful) when you have a well-thought-out plan in place. Here are a few tips
by John Gluch Oct 6
Behold, the Texas home with America's largest closet
Formerly owned by socialite Teresa Roemer, the 17,000-square-foot home — along with its 3-story closet — has sold after 6 years on and off the market
Working with skittish sellers? 7 ways to ease their worries
In today's confusing world, agents need to do everything they can to ensure a smooth transaction. These tips can help your sellers feel heard, comforted and in control of the process
by Grattan Donahoe Oct 3
What is an 'Amazon room,' and why do luxury buyers want one?
With online orders increasing, many buildings are looking for ways to get more space for residents' packages
Propy gets cash infusion from 'legendary investor'
Venture capitalist Tim Draper, an early backer of Tesla and Skype, has invested an undisclosed amount in the blockchain transaction startup
by Andrea V. Brambila Oct 2
Get a look inside LeBron James' new $37M mansion
In the thick of NBA playoffs, Los Angeles Lakers star LeBron James recently closed the deal on a $36.75M Beverly Hills mansion
RealScout's Buyer Graph comes to Washington DC
The tool will allow brokerages in the nation's capital, including Century 21 New Millennium and Keller Williams Metro Center, to share anonymized buyer data and habits
by Patrick Kearns Oct 1
Toronto's Properly to expand alternative brokerage model with $100M infusion
Seeking to provide Canadians with a new option for buying and selling, Properly has been funded by U.S. proptech players Silicon Valley Bank and I80 Group
by Craig C. Rowe Sep 30
These 5 marketing campaigns are tailored for today's market
With the last quarter approaching, agents should strive to finish 2020 strong and step into the next year on the right foot. In other words, now's a great time to implement these marketing campaigns and generate new income streams for your business
by Bernice Ross Sep 30
Closing Center 2.2 offers an enhanced, ramped-up preclosing experience
A recognized name in digital closing long before the pandemic, eOriginal's newest version ramps the critical preclose process with secure buyer-document review and execution
by Craig C. Rowe Sep 29
John Legend and Chrissy Teigen drop $17.5M on new home
One month after putting their Beverly Hills property on the market, John Legend and Chrissy Teigen have purchased a larger home for $17.5M
Bel Air megamansion returns to market with a mega price cut
Dubbed 'Unica' and evoking a resort within a home, the spec mansion returned to the market asking $78M after originally listing for $100M in May
Could empty hotels be converted into high-end housing? Some say yes
'There will be survivors and there will be casualties, and I think those casualties will be ripe for redevelopment,' says Boston-based developer Ted Tye
New home sales break 1M mark for first time since 2006
Low-interest rates and a lack of existing homes pushed new-homes sales to a new high, according to the US Census Bureau and Department of Housing and Urban Development
by Marian McPherson Sep 24
Homeownership affordability drops in two-thirds of U.S.
Median prices of single-family homes and condos are now less affordable than historical averages in 63% of counties, up from 54% one year ago, according to a new report
by Lillian Dickerson Sep 23
$35M penthouse is SoHo's most expensive sale ever
The three-floor penthouse of 421 Broome Street set a new record for the priciest home ever sold in this part of Manhattan
Condo lined with Budweiser cans comes with free beer for life
If the buyer of this Florida condo agrees to leave the interior untouched, Anheuser-Busch has promised that person free beer for life
Home prices soared to 30-year high between May and July: FHFA
Home prices rose 6.5% year over year in July and 1% month over month, according to data released Wednesday by the Federal Housing Finance Agency
by Patrick Kearns Sep 23
Overwhelmed with multiple offers? Here's how to handle them better
In our current market, listing agents are finding their clients being met with multiple offers on their home. To ensure both sides leave the transaction happy, here are a few tips for effectively handling multiple-buyer situations
by Clarence Webb Sep 20
Fires haven't extinguished buyer activity in the Bay Area
Compass' latest Bay Area market analysis shows strong buyer activity despite recent wildfires, with listings under contract declining only 3%
by Marian McPherson Sep 18
Redfin: Homes are selling like hot cakes in swing counties
According to Redfin's latest market analysis, the home sales pace is growing fastest in swing counties as urban homebuyers migrate to suburban locales
by Marian McPherson Sep 18
A Zillow TV spot, dissected
Zillow and independent marketing agency The Perception offer their thoughts on a new Zillow advertisement that acknowledges the changing face of 'home'
by Andrea V. Brambila Sep 18
Single-family home construction increased from last month
Although housings starts, permits and completions all declined from July, Thursday provided some good news for an inventory-starved industry in the single-family home sector
by Patrick Kearns Sep 17
Lennar predicts strong home sales 'for the foreseeable future'
The homebuilder also said its move-up program with Opendoor 'is becoming an industry standard'
by Andrea V. Brambila Sep 16
The pandemic impact: Buyers want more space, less density
Redfin's chief economist and AirDNA's CEO discuss the trends they're seeing in the housing market at Inman Connect Now
by Patrick Kearns Sep 15
Two years after divorce, Chris Pratt and Anna Faris sell LA home
Pratt and Faris accepted an offer of $4.75M for their 4,700-square-foot home in the Hollywood Hills West neighborhood of Los Angeles
7 buyer's agent behaviors that need to stop
Opinion
It’s an aggressive seller’s market out there. As a buyer’s agent, what are you doing to get your offer accepted? If it’s any of these behaviors, now’s the time to stop
by Michelle Shelton Sep 14
Down payment assistance programs remain strong during pandemic
According to Down Payment Resource's latest report, 81% of down payment assistance programs in Q3 still had funding for homebuyers
by Marian McPherson Sep 11
Willow Smith, 19, drops $3.1M on waterfront Malibu estate
The home is LEED-certified, energy-efficient and boasts ocean views from nearly every room
Sale of Doris Day's $7.4M home will go to her animal foundation
Surrounded with flowers and other greenery, the two-floor main home is painted yellow and sits on a knoll overlooking a local golf club
FHA homeowners have the most to lose during economic upheaval
Three chief economists share how FHA homeowners have been disproportionately impacted by 2020's coronavirus-induced unemployment boom and what it means for next year's market
by Marian McPherson Sep 4
I bought a home during a pandemic. Here's what I wish had been different
Opinion
I went in search of an agent the old-fashioned way, by asking for recommendations. Six agents ended up replying, and I sent them each 61 questions. Yes, 61.
by Andrea V. Brambila Sep 4
Hamptons season extended into fall and winter, agents say
'We've done more business for October than at any other time in the past that I can remember,' local broker Angela Boyer-Stump told Inman
With app launch, MoveEasy becomes agents' branded platform
Continuing to grow throughout the pandemic, online moving concierge company offers fully white-labeled relocation platform for real estate industry
by Craig C. Rowe Sep 3
Is it time to liberate real estate?
Opinion
As the pandemic has made clear, companies who tailor toward the consumer succeed in both good and bad economic times. But buying and selling homes isn’t like other online shopping experiences. Why?
by Kris Lindahl Sep 3
55% of those who bought homes during the pandemic now regret it
A new survey commissioned by LendEDU found that low rates lured in new buyers, but now many are struggling to pay their mortgage
by Andrea V. Brambila Sep 2
Justin Bieber buys Beverly Hills home for $25.8M at steep discount
Overlooking Beverly Hills in the Beverly Park neighborhood, the 2.5-acre home has gone on and off the market since 2018 and was originally listed for $42M
Majordomo releases app for pre-inspection home ratings
The 4-star rated inspection analysis tool now has an app for quickly rating the quality of a home before an official inspection
by Craig C. Rowe Sep 1
Corcoran follows the suburban boom into Westchester County
The New York City-founded brand is setting up shop in the suburbs north of the city — just as President Trump seeks to characterize it as 'ground zero' for crime and violence
by Patrick Kearns Sep 1
Preparing for an inspection? 10 things sellers need to do
There are many obstacles that can derail an inspection, especially in today's COVID-19 climate. As an agent, you should step in and offer sellers advice on what to do to make the process go a bit smoother
by Cara Ameer Sep 1
Losing bidding wars? 10 strategies for victory
With a red-hot seller's market, listings are now getting multiple offers — and agents have to be prepared for bidding wars. Here are a few tried-and-true strategies agents can use to beat out the competition
by Kseniya Korneva Aug 30
Gary Gold: 'If I was ever going to top what I've done already, this was it'
Gary Gold talks to Inman about his ambitious plan to sell 15 ultra-luxury homes as director of sales for the Malibu Series. 'When I saw this, I went, 'This is it."
The Real Word: When should buyers walk away?
Opinion
This week, Byron Lazine and Nicole White discuss when buyers should walk away from a property, buyer beliefs and Jerry Seinfeld's thoughts on New York City
by Byron Lazine Aug 28
What's the future of iBuyers in light of COVID-19?
Opinion
Although no one knows exactly what the future holds for real estate, things seem particularly uncertain for iBuyers. Here's a look at the advantages and disadvantages these companies are facing as they navigate the current housing market
by Luke Babich Aug 28
Openhouse Live makes Matterport tours a group event
Opinion
The trend of multiple viewers partaking in virtual and 3D home tours and open houses continues with this U.K.-based Matterport embed
by Craig C. Rowe Aug 28
One foot forward: Reebok founder sells Boston-area home for $23M
The 27,000-square-foot estate, which Paul Fireman originally put on the market in 2016 for $90M, was cut in price several times and last listed with an asking price of $33M
Most buyers would blow their budget for the perfect home
A whopping 64% of prospective homebuyers said they'd spend more than originally planned for the perfect home, according to a survey by LendingTree
by Lillian Dickerson Aug 27
7 tips for protecting your commission when staging
Staging adds value to the sale — but it should not break your bank. As an agent, use these seven tips to protect your income when incorporating home staging into your listing process
by Jennie Norris Aug 27
Eli Manning lists 'Giant' New Jersey estate for $5.25M
Hallee Dangler of Prominent Properties Sotheby's International Realty is the listing agent
Coldwell Banker CEO: Consumers have 'freedom' in housing market
The freedom to expand search areas is giving buyers a variety of options — even in a tight inventory market, Coldwell Banker CEO Ryan Gorman said on CNBC
by Patrick Kearns Aug 26
Aspen's most expensive home of the year sells for $31.85M
Local agent Carrie Wells facilitated the sale of the property, a 10,014-square-foot spec mansion designed by Ro Rockett Design
Cindy Crawford lists Beverly Hills home for $16M
Kurt Rappaport of Westside Estate Agency is the listing agent representing the property
6 tips for crafting stronger buyer offers
Opinion
If you’re having to compete in a multiple-offer situation on every offer, you have to find a way to give your buyers as much of an edge as possible
by Alex Neir Aug 25
It became more difficult to buy a house in these cities in June
First American's 'real house price index' surged in certain cities as the median income plummeted while home prices rose
by Patrick Kearns Aug 24
10 outrageous buyer beliefs agents should debunk ASAP
Opinion
When buyers first walk through the door, they're bringing with them a lot of false truths. It's your job to open their eyes
by Nicole Solari Aug 23
6 reasons your client should walk away from buying a house
As a buyer's agent, it's your responsibility to represent your client's best interests. If one of these scenarios presents itself, you should advise your client to rethink the sale
by Vance Kellogg Aug 23
Existing home sales skyrocket amid pandemic, inventory down
July also marked the first time ever that the median home price across the entire U.S. rose above $300,000, according to NAR's data
by Jim Dalrymple II Aug 21
It's a seller's market all right, and home value growth is accelerating
During July, the typical home value was up 4.5% year over year to $253,527, the fastest value rate increase since May 2019
by Lillian Dickerson Aug 21
How COVID-19 has altered LA's luxury market — maybe for good
David Parnes, the star of 'Million Dollar Listing' Los Angeles, talks to Inman about the luxury landscape and how the pandemic has changed the market
Elementary schoolhouse-turned-real-house on sale for $2.375M
Both the owner and the agent who sold the property were one-time students
'Million Dollar Beach House' goes inside the world of Hamptons luxury
The new Netflix series 'Million Dollar Beach House' premieres August 26 and provides a deep dive into five Nest Seekers agents and brokers working in the Hamptons
'Seasonality is out the window': The late summer housing market is hot, hot, hot
But Redfin warns that lack of economic stimulus plan from Congress could lead to a housing downturn
by Andrea V. Brambila Aug 19
Frank Lloyd Wright's historic spiral house sells for $7.25M
The iconic architect built the house in 1952 for his son and daughter-in-law, but didn't complete some finishing touches before he died. The buyer plans to restore it according to Wright's original designs
Luxury market shows signs of recovery as home prices rise
A new Redfin report found that the median price of a luxury home in the US is $825,000, a 1.2 percent rise from the same period last year
Housing starts soar 22.6% in July
'Strong builder confidence and heavy buyer traffic point to further production gains in the near term,' said Chuck Fowke, chairman of the National Association of Home Builders
HomeLight meets 'end-to-end' goal with acquisition of Disclosures.io
HomeLight announced on Tuesday the acquisition of listing management platform Disclosures.io and its rebrand to HomeLight Listing Management
by Marian McPherson Aug 18
Agent/broker perspective: Should listings highlight new or traditional preferences?
Opinion
The pandemic fast-tracked a number of paradigm shifts that were already reshaping our living habits. So, should agents try to appeal to these new buyer desires or stick with traditional, tried-and-true features?
by Anthony Askowitz Aug 18
Let it go! 8 seller beliefs that no longer hold true today
Opinion
When it comes to real estate, people still hold on to a host of tired, old-school beliefs that are hard to shake off. But to ensure a successful sale, agents need to educate their sellers on how the process actually works today. Here's how
by Cara Ameer Aug 18
Rural home prices jump 11% in July: Redfin
Suburban and urban areas also saw home price growth during this period, although not to the extent of rural areas, according to a Redfin report
by Lillian Dickerson Aug 17
Remote or not, these 10 mistakes are costing you the listing
For many agents and teams, the opportunity cost of lost business might actually be costing them far more than a new shiny marketing approach. Here's what you might be doing wrong — and how to fix it
by Kathleen Black Aug 15
'Everything is cash': Prince Harry and Meghan take Santa Barbara
Competition is fierce in the affluent California enclave that Oprah, Ellen DeGeneres and Katy Perry call home. 'If you have a turnkey home and it's vacant and has a pool, you're likely to see an all-cash deal and a 14-day close,' Sotheby's Realtor Dusty Baker told Inman
'The teamwork is hard to detect': An outsider's take on teams
Although some agents sing the praises of being in a team environment, Teresa Boardman isn't impressed. Here's why she would rather work with an experienced solo agent versus a team
by Teresa Boardman Aug 13
ActivePipe rolls out custom content campaigns
The Australian email marketing company's newest offering lets agents send emails according to categorized personas for more accurate targeting
by Craig C. Rowe Aug 12
Startup AerialSphere takes 360-degree 3D IDX search to 26 new markets
After a successful beta test in December, Pheonix-based startup AerialSphere is expanding its 360-degree, 3D map coverage to 26 new markets nationwide
by Marian McPherson Aug 11
Biotech CEO buys $57M Vail mansion, smashes sales record
The sale is nearly double the most expensive sale in Vail, Colorado
Does the housing ladder still work?
Opinion
The idea is that most people begin their homeownership journey with a starter home and make their way up to more expensive housing. But is that theory still valid — especially now during a pandemic?
by Steve Cook Aug 11
Planitar partners with Floorplanner and adds powerful multiparty home tours
The Canadian real estate software company's new partnership with Floorplanner and its fast, browser-based virtual showing feature adds significant horsepower to its proptech stable
by Craig C. Rowe Aug 10
Get real! 3 tips for helping buyers stop chasing shiny objects
Because they're often distracted by shiny objects, homebuyers might be missing out on opportunities to purchase with little or no competition. Here are a few things agents can do to help clients adapt their behaviors and increase their chances of success
by Carl Medford Aug 10
Why you should treat your relationship with clients like a partnership
Opinion
Here's why working together, side by side, as partners is the best way to build rapport, establish mutual trust and create loyalty between real estate agents and their clients
by John Giffen Aug 9
July unemployment report shows a long road to recovery
Despite improvements in unemployment and payroll, the July unemployment report shows the US is still far from its pre-pandemic economic strength
by Marian McPherson Aug 7
This whimsical 'Hobbit' home hit the market 3 weeks ago. In a hot market, it's already in contract
'I didn't know if this was going to be the hardest sale of my life or if this was going to be so unique that it goes viral,' agent Nick Fallico told Inman. 'Luckily it was the second.'
A $100M condo? In Los Angeles? Amid a pandemic?
If sold, the 20,000-square-foot penthouse atop The Residences Tower in West Hollywood would nearly triple the largest condo deal ever transacted in Los Angeles County
Doors open, doors close: 6 strategies that generate (and kill) business
What habits or practices make you more successful — or diminish your chances of getting to the closing table — in today’s market?
by Troy Palmquist Aug 6
Where are the best and worst COVID-19 rebounds?
A recent Clever Real Estate report looked at the national trends that were spurred this year by COVID-19. Here are a few of them — plus the top five metros with the biggest increases as well as drops in buyer demand
by Luke Babich Aug 6
The typical 2020 home seeker? A millennial woman who wants more space
A new report from Point2 found that searches for houses have exploded post-lockdown and that women are doing most of the house-hunting
by Andrea V. Brambila Aug 5
Aiming for 21 markets by '21, Knock now swapping homes in Denver
After rebranding its Home trade-in model, Knock is now helping sellers swap homes in Denver. Its goal is to reach 11 markets before the end of 2020
by Craig C. Rowe Aug 5
Quarter of homebuyers are moving — and moving sooner than expected
Twenty-five percent of homebuyers reported the pandemic has caused them to move — or speed up their moving timeline, according to a survey conducted by Redfin
by Lillian Dickerson Aug 5
Why now is the time to hold a seller seminar — and how to do it
Buyer seminars have worked for years. But what about seller seminars? Zoom provides a great way to do seller seminars today, especially in light of COVID-19 restrictions. Here's how to get started
by Bernice Ross Aug 5
Which Canadian markets are the hottest right now?
'Even in this time of strangeness that we're going through, we're feeling pretty confident across Canada,' Sandra Kirkland, a broker form Ontario, said at Inman Connect Now
How are agents in the Southeast thriving? By mixing the old and new
During Inman Connect Now's Southeast Regional Breakout, agents shared how they're using the digital and analog worlds to thrive through the pandemic
by Marian McPherson Aug 4
Social media influencer drops $24.5M on flashy Miami mansion
Douglas Elliman agents Eloy Carmenate and Mick Duchon represented both the sellers and the buyer
Late July home sales prices reach record heights: Redfin
The median home sale price soared 11% year over year during the week ending July 26, bringing that figure up to a record-high of $315K, according to a market report by Redfin
by Lillian Dickerson Aug 4
Home prices continued upward trend in June: CoreLogic
Historically low mortgage rates continue to draw in first-time buyers even amid the difficulties wrought by the pandemic
8 truths about buying new construction in 2020
Understanding how to deal with builders in the current climate can set the tone for what to expect, should your clients decide to buy new construction
by Cara Ameer Aug 4
Fair housing laws: How you can prevent discriminatory practices
The current national conversation on racial equality calls into question institutionalized housing discrimination and the possibilities for the road ahead
Sight-unseen buying is not the future of luxury, according to this top agent
Inman spoke with agent Branden Williams of Hilton & Hyland about the luxury real estate trends that will outlast the pandemic
The Real Word: What is the future of urban living?
Opinion
More this week: what to expect when scooping up low-priced fixers and how listing descriptions are now highlighting Zoom rooms
by Byron Lazine Jul 31
Losing leads? Can't afford to? Try ConnectNow
Opinion
Apps that focus on only one aspect of the sales funnel are rare. ConnectNow is a value-add web and mobile app for capturing leads quickly and connecting to any CRM or source you use
by Craig C. Rowe Jul 31
TopHap empowers real estate data like no other
Opinion
Set to go live in California next week, the data analytics platform has shifted from a data geek's new toy to a powerful, market-data-know-it-all, now runway-ready and gorgeous
by Craig C. Rowe Jul 30
National median listing price reaches new high amid pandemic
The national median listing price reached $349K in July — the highest price hike since November 2018, according to realtor.com's latest market report, released Thursday
by Marian McPherson Jul 30
Zillow partners with nation's largest homebuilder
The partnership allows consumers working with D.R. Horton the freedom of a flexible closing date and cash credits at close for eligible deals
by Patrick Kearns Jul 30
Coronavirus has made real estate tech mainstream — but more innovation is needed 
Opinion
Although the bulk of the real estate transaction used to occur offline, this year, things have changed. Innovation is now a priority, and consumers are widely adopting digital solutions — but are the efforts enough?
by Tom Willerer Jul 30
Search With Style helps agents market architectural styles
Founded in part by agents at Compass Nook Real Estate Group and a proptech entrepreneur, the new portal lets buyers find specific architectural styles and agents offer sellers a new marketing resource
by Craig C. Rowe Jul 29
As bidding wars spike, 20% of winning offers waive inspection contingency
Low mortgage rates, a severe inventory shortage and pandemic-related uncertainty are pushing buyers to take risks in a hot market
by Andrea V. Brambila Jul 28
Here's where wealthy millennials are moving
Washington, Colorado and Texas are the top states attracting wealthy millennials, according to a new SmartAsset study
Home price gains hold steady in May
Home prices rose 4.5% in May, down slightly from a month ago, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index
by Patrick Kearns Jul 28
9 realities your clients will face when buying as-is properties
Opinion
A ‘Money Pit’ is funny when it stars Tom Hanks and Shelly Long, but when it’s your clients, make sure your buyers aren’t actors in a real-time remake — and you’ll be a big star
by Nicole Solari Jul 26
Summer’s hottest amenity? A private pool to wait out the pandemic
Once considered a nice-to-have, private pools are becoming essential for homeowners as the pandemic rages on
'We don't need another $30M home': Mauricio Umansky on the LA luxury market
The founder of The Agency discusses what types of high-end homes are selling now
Endpoint offers the industry a great start to mobile e-closings
Opinion
The result of a chinwag between First American and Boston Consulting Group's Digital Ventures, the app keeps every party in check with the closing process in a hybrid tech-team solution. It offers terrific promise for the future of e-closings
by Craig C. Rowe Jul 24
Amid acquisition dustup, CoreLogic releases visual marketing services portal HomeVisit
Tested by the Rhode Island Association of Realtors & State-Wide MLS, the new portal will allow agents to streamline ordering of multiple marketing services
by Craig C. Rowe Jul 23
As New Yorkers flee city, Hamptons median home price soars past $1M
The median sales price of a home in the Hamptons rose a whopping 27.1% to $1.08M in the second quarter, according to a new Douglas Elliman Report released Thursday
NY congressman announces first-time buyer coronavirus relief plan
Rep. Sean Mahoney's (NY-18) First Time Homebuyer Pandemic Savings Act would allow buyers to use retirement savings to fund their down payment penalty-free
by Marian McPherson Jul 22
Median existing-home prices rise for 100th-consecutive month
Meanwhile, existing-home sales in June rebounded 20.7% month over month, according to market report released Wednesday by the National Association of Realtors
by Marian McPherson Jul 22
FaceTime showings and drive-thru closings: How 1 team handles crisis
Elite Nebraska Real Estate owner Troy Benes has been leading a 30-agent team amid the virus and an unexpected rise in clients that came as his area began opening up
Agent/broker perspective: Can an agent be held liable for COVID-19 contractions?
Opinion
In the midst of this year's health crisis, what should a broker say to an agent who's worried about the ramifications of a client contracting COVID-19 as a result of home showing?
by Anthony Askowitz Jul 21
Doing home showings? Here's how to do it safely and effectively
These tips might not be new information, but in today's sensitive and stressful time, agents should do everything they can to ensure a productive and enjoyable showing experience
by Cara Ameer Jul 21
Making sense of the headlines: What consumer confidence looks like today
Opinion
Looking for a little clarity on this week's news? Windermere Chief Economist Matthew Gardner dives into Fannie Mae’s National Housing Survey and what consumer confidence looks like right now
by Matthew Gardner Jul 21
6 sales tips for agents who hate sales
As a new agent, you might be hating the sales process, worried to come across as pushy. But it doesn’t have to be scary or unethical. Instead, sales can be an enjoyable process for both you and your clients. Here's how
by Ricardo Mello Jul 20
Hawaiian agents bank on wave of post-pandemic luxury buyers
The island state has been facing unique challenges during the coronavirus outbreak
Florida title search company enters remote closing field with ProperSign
PropLogix of Sarasota reacted to COVID-19-era requirements by developing its own solution to socially distant deal-making
by Craig C. Rowe Jul 16
'Versailles of Manhattan' price is cut in half after 17 years on, off market
The owner of the Upper East Side home, famed commercial broker Ken Laub, first put the property on the market in 2003, then raised the price to $35M in 2007
This is the 'sweet spot' for when to buy a home
Is there a sweet spot for homebuyers when it comes to matching ample inventory with a reasonable sales price? According to a new analysis by NerdWallet, the answer is yes
by Lillian Dickerson Jul 15
5 facts that will change your perspective on investing in empty land
Land investing can be a great opportunity for someone willing to look beyond the dirt and see the potential. You will be surprised at how profitable it can be
by Erika Benson Jul 15
'There goes the neighborhood': The history of race and homeownership
Homeownership is often the single largest factor in wealth-building that creates a generational legacy. But for Black Americans, there have always been more than legal hurdles at stake for land and learning
by Lee Davenport Jul 15
Say hello to BoxBrownie's 3D tours of virtual homes
The image marketing technology company from Down Under has combined interior rendering with the market's desire for 3D tours
by Craig C. Rowe Jul 13
Who said what? 5 communication obstacles that can derail a transaction
From misinformation to misunderstanding, so many communication errors can occur during a real estate transaction. That's why agents need to better understand how they happen and how to prevent them
by Cara Ameer Jul 13
Uncle-nephew team on what luxury buyers want amid pandemic in New York
'The profile of the buyer right now is somebody who's upgrading,' says Darren Sukenik of the Sukenik Glazer Team in Manhattan
Should real estate agents disclose if their clients have COVID-19?
The National Association of Realtors and brokers advise agents to have conversations with clients but to refrain from disclosing medical information without prior approval
by Patrick Kearns Jul 9
More than 1 in 5 Americans moved or know someone who moved during the pandemic
New data from the Pew Research Center shows that the pandemic is driving a huge amount of migration
by Jim Dalrymple II Jul 8
Compass Lens to help agents envision, value major renovations
The tech-leaning brokerage announced today the launch of a computer vision-based tool that searches and categorizes room renovations to help agents price homes
by Craig C. Rowe Jul 8
Making sense of the headlines: What’s holding millennials back from homeownership?
Opinion
Looking for a little clarity on this week's news? Windermere Chief Economist Matthew Gardner looks at the factors that influence millennials' ability and will to buy a home
by Matthew Gardner Jul 7
Black, Hispanic homeowners slapped with higher property taxes: study
Based on panel and taxing entity data, researchers found Black and Hispanic homeowners pay up to 13% more in property taxes, according to a joint study by Indiana University and the University of California-Berkeley
by Marian McPherson Jul 6
Want more leads? Widen your reach by establishing a geo-farm
By determining and dominating a geo-farm, agents can become the go-to resource in that area. Although, yes, it's a method that takes time and commitment, the long-lasting results are worth it. Here are a few factors to think about
by Brandon Doyle Jul 6
6 tips for increasing your listing's sales value today
The current situation has real estate agents scrambling for the best home improvements that can help increase the value of their properties. So, how can they do that? And how can they market properties in a post-COVID-19 world? Here are six tips
by Jona Jone Jul 6
Homeownership is the greatest kind of freedom — and it should be for all
Opinion
With the overwhelming effects of the pandemic and the racial injustices people are facing and fighting every single day, one common need is emphasized now more than ever: the American dream
by Troy Palmquist Jul 4
The Real Word: Should we end open houses?
Opinion
More this week: A few ways agents can practice safety at open houses and the Houston Association of Realtors' decision to change the term 'master' bedroom
by Byron Lazine Jul 3
Stop the name-calling! Let's fix the broken system
Opinion
Agents need to find the discrimination and exclusive institutions in the industry and start dismantling them one at a time. It's time to rebuild them to be inclusive and anti-racist. If not now — when?
by Teresa Boardman Jul 3
David Terbeek knows when to tell a client it's not the right time to buy
'The relationship and long-term benefit of working with the client is much more important than that one single sale,' the RE/MAX Haven Realty founder told Inman
Mortgage rates hit all-time low heading into July 4th weekend
The average 30-year mortgage hit a new all-time low of 3.07% this week, according to data from Freddie Mac released Thursday
by Patrick Kearns Jul 2
The closing process is painful! Someone disrupt it already
Opinion
If electronic signatures can cement a purchase agreement, why can’t they be utilized for all the other closing documents? Doing that would, if nothing else, save the trees — and our sanity
by Jay Thompson Jul 1
Realogy unveils first-ever benefits program for AARP members
The benefits program will allow AARP members to receive $300 to $5,500 when buying or selling a home with one of Realogy's residential real estate brands
by Lillian Dickerson Jun 30
Home price gains are holding steady: Case-Shiller
Home prices were up 4.7% year over year in April, according to the S&P CoreLogic Case-Shiller US National Home Price NSA Index, released Tuesday
by Patrick Kearns Jun 30
What agents need to know about mortgages during (and after) COVID-19
As experts and advisers, real estate agents have always played an important role for homebuyers. But it’s clear that during the coronavirus era, they have even more responsibility to educate clients on what's happening in today's market
by Salomon Chong Jun 30
Pending-home sales climbed record-setting 44% from April to May
It was the biggest monthly gain in pending home sales since NAR began recording the forward-looking indicator in 2001
by Patrick Kearns Jun 29
Bad connection? A luxury home's slow internet can kill a sale
While high-speed internet was once one buyer perk among many, it has become an indispensable part of a home — one that can make or break a sale
Summer outlook: Pandemic impacts may linger, but agents expect to close deals
More than a dozen agents who spoke with Inman said that inventory shortages and masks will probably be around for some time. But they're also seeing an active market in which offers are pouring in
by Jim Dalrymple II Jun 26
Home tours rebound 21 percent in May: ShowingTime
According to ShowingTime's latest report, virtual showing technology and loosened shelter-in-place restrictions boosted May homebuyer traffic by 21 percent
by Marian McPherson Jun 25
How is COVID-19 affecting new construction?
To understand the state of the housing market, economists often turn to stats on new residential construction for indicators on where the market may be headed. Here's what the data says
by Lindsey Hood Jun 24
How the pandemic is impacting Americans' decision to move
According to a recent Apartment List survey, 30 percent of Americans are canceling their moving plans because of coronavirus-induced financial strain
by Marian McPherson Jun 23
CFPB to adopt price-based approach for qualified mortgage standards
The Consumer Financial Protection Bureau proposed on Monday a shift from DTI ratios to a price-based approach to improve qualified mortgage access
by Marian McPherson Jun 23
Millennials are confused about real estate
Although millennials will likely make up the largest percentage of homebuyers this year, the generation appears to be woefully under-informed about the real estate industry, according to a recent survey by flat-fee brokerage Homie
by Lillian Dickerson Jun 23
Zillow now displays local LGBT legal protections on all home listings
On Monday, Zillow launched 'LGBT Local Legal Protections,' a data-powered resource on all Zillow listings that shows whether for-sale and rental listings are located in communities that explicitly protect individuals who identify as lesbian, gay, bisexual or transgender
by Lillian Dickerson Jun 23
6 ways to set buyer and seller expectations for today's housing realities
Although it's hard to know how long this pandemic will last, one thing seems certain — the drive to find the ideal home remains a priority. That's why it's important to let buyers and sellers know what to expect. Here's how
by Cara Ameer Jun 23
Summer outlook: A slowing recovery may wait in the wings
While housing has thus far seen a strong recovery, experts say prices may actually fall later this year. Factors such as unemployment and foreclosures could also weigh down the market
by Jim Dalrymple II Jun 23
Sotheby’s International Realty launches 4 new website features
Sotheby's new mobile site includes Instagram-style listing pages, agent profiles with direct texting capabilities, 15 translations and 60 currency conversions for global consumers
by Marian McPherson Jun 19
Digs app unearths the saving secrets to homebuying
Opinion
With its own FDIC-insured savings account and a sharp, well-executed experience, Digs is part fintech, part proptech, and it's designed to help agents help clients buy their first home
by Craig C. Rowe Jun 19
Why isn't luxury real estate more inclusive?
Black people often get left out of high-end real estate for a host of interconnected reasons: income disparities, home value disparities and outright discrimination
Who says you can't go home again? 2.7M adults have moved back home since March
Among 18- to 25-year-olds, a 12% decline in individuals living on their own translates into a $726M slash in rent revenue, according to Zillow. That's 1.4% of the US rental market
by Lillian Dickerson Jun 19
NAR releases 5-point plan to bolster homeownership amid pandemic
The National Association of Realtors' plan calls for expanding down payment assistance programs, improving FHA loans and alternative credit scoring models
by Marian McPherson Jun 18
Can a Donald Trump campaign sign scare away homebuyers?
With elections less than 5 months away, campaign signs are studding lawns. With political divisions growing, some agents say the charged climate could have an impact on sales
by Lillian Dickerson Jun 18
Suburban housing market to experience post-lockdown boom
Buyers are eyeing suburban ZIP codes as coronavirus lockdowns lift across the country, according to a realtor.com report released Wednesday
by Marian McPherson Jun 17
7 emerging real estate trends in the new normal
As an agent, you currently have a unique opportunity to reinvent yourself and create the business you want in the 'new normal.' Use these seven trends and action steps to guide your decision-making
by Bernice Ross Jun 17
Ariana Grande buys $13.7M mansion above LA's Sunset Strip
The purchase comes not long after the pop star revealed that she was dating a real estate agent
Online searches for single-family homes hits 4-year high: Redfin
In May, 36% of saved searches created by Redfin.com users were filtered exclusively for single-family homes, up from 33% in February and the highest level its reached in 4 years
by Lillian Dickerson Jun 16
Supreme Court ruling on LGBTQ protections could set precedent for housing
The Fair Housing Act currently doesn't list gender identity and sexual orientation as protected classes
by Patrick Kearns Jun 15
Today's homebuyers are twice as anxious as buyers from 5 years ago
Homebuyer sentiment has changed significantly over the past few months, from largely positive feelings before the start of 2020 to mostly negative ones in the ensuing months
by Lillian Dickerson Jun 15
What you should know about fair housing
Agents have to work to protect people from discriminatory practices and educate other professionals on the laws we have in place. So, here's what you need to know about discrimination in the industry — plus the fair housing laws that prohibit it
by John Giffen Jun 14
PlanetRE's consumer app is more MLS than search friendly
Opinion
Partnering with MLSListings, Inc. of Northern California, the software company's consumer search app misses the mark on several fronts but mainly in its core purpose: consumer home search
by Craig C. Rowe Jun 12
The Real Word: What changes can be implemented in the industry?
Opinion
More this week: a discussion on the future of office space and some insight into why your marketing should look different right now
by Byron Lazine Jun 12
Green is the new black: 3 green living misconceptions debunked
Opinion
As we move to a healthier and more conscious way of life, our homes will, too. Here's how making eco-conscious choices will come into play for consumers in a post-COVID-19 world — plus, a few myths debunked
The line between iBuyer and brokerage is blurring
Opinion
Opendoor and Offerpad will now list homes directly. Ultimately, this new service, still in the early stages and not fully rolled out, represents a way for iBuyers to make money without having to actually buy houses
by Mike DelPrete Jun 11
Entertainment mogul David Geffen buys LA luxury estate for $68M
The home, which Geffen bought from Los Angeles Olympic Organizing Committee President Casey Wasserman, has a long Hollywood history
Helping buyers? Learn about down payment assistance
Lack of a down payment is the main obstacle stopping first-time buyers from purchasing a home. As an agent, here's how you can put down payment assistance programs to work in your business — and help buyers fulfill their dream of becoming homeowners
by Bernice Ross Jun 10
How my agent has been invaluable during this pandemic
Opinion
Don’t underestimate how difficult this time can be for your buyer or seller. Know your market, understand its nuances and be able to explain your contracts and addenda in plain English
by Jay Thompson Jun 10
Congress highlights alleged HUD discrimination against DACA recipients
45 Congressional Democrats have asked HUD Inspector General Oliver Davis to investigate allegations that HUD denied DACA recipients' FHA home loans
by Marian McPherson Jun 9
More than half of homebuyers likely to buy a home within next year
53% of homebuyers say they now plan to buy a home within the next year as a result of factors surrounding the pandemic, according to online lending marketplace LendingTree
by Lillian Dickerson Jun 8
A superior virtual tour will answer these 10 questions
Answering these questions live will give your prospective buyers the best virtual tour experience
by Nicole Solari Jun 8
Homesnap's Mazur: It's time for agents to go all in
In multiple talk tracks at Tech Connect, leaders in sales, fintech and proptech all agreed on one thing: The COVID-19 pandemic has totally changed how people market, sell and buy real estate
by Craig C. Rowe Jun 4
How the coronavirus pandemic is changing home financing
Vishal Garg and Adena Hefets discussed how the pandemic is impacting financing for homebuyers during a panel titled 'Advances in Ways to Buy a Home' at Inman Connect Now
by Lillian Dickerson Jun 4
Manhattan real estate sales fall 84%
Only 160 contracts were signed in the New York borough in May — an 84% drop compared to 992 last year, according to a new UrbanDigs study
These are the 2 things luxury buyers want right now
At Inman Connect Now, top luxury agents discussed how the pandemic has changed the wish lists and priorities of luxury buyers
'We're watching recovery happen as we speak': Economists
The long-term prognosis is more optimistic than many think, economists from Zillow and Windermere said during a panel at Inman Connect Now on Wednesday
9 ways to turn a 'no' into a 'yes'
Opinion
Real estate is a problem-solving business. As an agent, being able to turn a 'no' into a 'yes' is a crucial skill to have under your belt. Here are 9 ways to do it
by Bernice Ross Jun 3
41% of homebuyers would go over budget by $25K for the perfect home
Although 80% of homebuyers consider price to be the most important consideration of a purchase, 41% were willing to go above budget by an average of $25K for the perfect home
by Lillian Dickerson Jun 1
5 challenges sellers are facing and how to overcome them
Although it may be difficult to find a buyer with an ideal situation these days, there are a few things you can do to cut through the uncertainty and make the homeselling process as productive and seamless as possible
by Cara Ameer Jun 1
Why I recommend Credit Karma to my clients
Opinion
By understanding what Credit Karma does and how it works, you'll put yourself in a better position as an agent to help potential buyers improve their credit score
by Bill Gassett May 29
Elegran's Alfred is light, smart proptech for NYC agents
Opinion
The small New York City brokerage has always been tech-focused, but growth and the need for more business efficiencies led to the development of Alfred, an in-house lead and marketing solution
by Craig C. Rowe May 29
Even as virus spread in March, home prices grew modestly
Home prices rose 4.4% in March, up from 4.2% during the previous month, according to the latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, released Tuesday
10 tips for buyers putting in offers sight unseen amid coronavirus
Buying a property without seeing it in person is hardly ideal. But, in the new world created by COVID-19, virtual touring is becoming increasingly common
by Nicole Solari May 26
How Ivis Suarez saved a deal and a family's dream of going back home
Florida-based Century 21 agent Ivis Suarez shares how she persevered through the toughest transaction of her career to help a family get back to Puerto Rico
by Marian McPherson May 25
They hate their homes, and they want out — NOW!
Real estate agents say quarantine has convinced homeowners that they need more rooms, a backyard and plenty of kitchen space — and they want it all now
by Lillian Dickerson May 22
Read all of Inman's state-by-state market snapshots here
The pandemic's market impacts have varied across the country. Inman has put together data on those impacts, and talked to dozens of agents on the front lines
by Jim Dalrymple II May 20
Read all of Inman's coronavirus coverage here
Inman has published more than 785 stories on the coronavirus. Here's our comprehensive list of coverage
by Jim Dalrymple II May 20
Louisiana market snapshot: Consumers coming 'out of their shells' as market rebounds
The coronavirus pandemic hit Louisiana hard, and the real estate industry there suffered. But agents say their business is now on the road to recovery
by Jim Dalrymple II May 19
Making sense of the headlines: How will COVID-19 impact real estate long term?
Opinion
From owner-occupied to high-rises to rentals of all kinds, Windermere Chief Economist Matthew Gardner gives his take on probable outcomes for residential asset classes
by Matthew Gardner May 19
Builder confidence rises slightly amid historic lows: NAHB
The National Association of Home Builders' Housing Market Index rose from 30 to 37
5 critical steps to maximize your listing's sales potential
Opinion
This year brought significant changes in the way homes are bought and sold. To accommodate this new reality, sellers need to be prepared — and agents need to provide the necessary coaching. Here are five important steps
by Carl Medford May 18
How to get your house-hunting clients to sign a buyer-broker agreement
A signed buyer representation agreement solidifies the partnership between you and your client, while protecting them during the buying process
by John Giffen May 17
April's hottest markets were in cities you might not expect
Although Colorado Springs ranked as the hottest market for the third consecutive month, Fort Wayne, Indiana, and Topeka, Kansas, also rose the ranks to make the top 5 hottest markets
by Lillian Dickerson May 15
Builders predict renewed focus on sustainable living after pandemic
Fifty expert builders told remodeling platform Fixr they expect homeowners to focus on healthier living after the pandemic, starting with their homes
by Marian McPherson May 15
New York market snapshot: Agents are busy, but inventory is scarce
Agents in New York state can't do in-person showings or open houses. But they told Inman that at least some price points are still seeing a lot of action
by Jim Dalrymple II May 15
7 things your first-time buyer should know about getting a loan right now
Ohio-based loan officer Breon Price shares what your first-time buyers can do to increase their chance of approval despite tighter lending standards amid the coronavirus pandemic
by Marian McPherson May 14
Finger Lakes agents prepare as New York begins partial reopening
Although the effects remain to be seen, agents in Rochester and surrounding areas are uncertain whether or not Friday's partial reopening of the economy will have a palpable impact on buyer or seller confidence
by Lillian Dickerson May 13
Home sales to pick up by late summer before falling again
Realtor.com predicts a summer rebound, but notes that sales could drop by 15 percent by the end of the year
Web app Quigler offers a new level of deal transparency
Opinion
Quigler uses state law and NAR Code of Ethics deal practices to manage real estate transactions and buyer and seller communications. But is it a guarantee of regulatory perfection?
by Craig C. Rowe May 8
Average APRs see significant declines during COVID-19 pandemic
The coronavirus pandemic has resulted in lenders offering significantly lower average annual percentage rates to homebuyers and refinance borrowers
by Lillian Dickerson May 6
What buyers are up against in today's world
Opinion
Entering the homebuying space has certainly opened my eyes, maybe my experiences can help you be a better agent
by Jay Thompson May 6
While downturn looms, home price growth still sky-high in March
Home prices rose 4.5% in March even as closed home sales fell
New listings plummeted in April amid coronavirus pandemic
A new report from realtor.com found that new listings fell 44.1 percent in April as the outbreak slammed the economy
by Jim Dalrymple II May 5
Pandemic's economic toll higher than agents expected: Inman survey
More than 2 months into the US pandemic, Inman's second coronavirus survey indicates agents are losing deals. But there are glimmers of hope as well
by Jim Dalrymple II May 1
One simple thing sellers can do to offer buyers peace of mind
Ben Joseph and David Moreno of Liberty Home Guard explain the importance of home warranties when selling a home
by Marian McPherson May 1
Should you RSVP to open house app Block Party?
Opinion
There's potential in this free app's value to open house marketing, but its developer needs to delve deeper into its competition and find out more about how agents leverage open house contacts
by Craig C. Rowe May 1
80% of buyers have had timeline interrupted by COVID-19: OJO
Many consumers are lowering their targeted price point in case another pandemic comes, according to the survey
by Patrick Kearns Apr 30
How can you serve your clients now? Focus on safety, not sales
The ability to handle most things virtually is the perk of living in today's world. Here's how you can serve and connect with clients while protecting their safety amid COVID-19
by Aaron Stelle Apr 30
Sellers earn average price gain of $67,100 in first quarter
The first quarter of 2020 made a strong showing for homesellers, but the data does not yet reflect the full impact of the COVID-19 pandemic on the market
by Lillian Dickerson Apr 29
Pending home sales start downward plummet in March: NAR
Contract signings are down 20.8% amidst the coronavirus outbreak
Kylie Jenner buys Beverly Hills spec mansion for $37M
The property was spearheaded by developer Gala Asher and originally listed for $55M
South Florida's BeachesMLS sees success in Virtual Open House Week
The widely promoted and community-supported event resulted in more than 700 online open houses, and it could serve as a model for associations nationwide looking to keep momentum in the wake of the pandemic
by Craig C. Rowe Apr 28
Compass is seeing a huge uptick in single-family home searches
Appearing on CNBC, Compass CEO Robert Reffkin said suburbs and second-home markets will be the real winners when the market returns
by Patrick Kearns Apr 28
By the numbers: How hard has COVID-19 hit real estate?
It has already had a massive impact on our personal and professional lives. Now find out how COVID-19 is poised to continue transforming the real estate industry
What will homebuyers want post COVID-19? Here are a few trends to expect
The post-COVID-19 era will likely bring a slew of changes to the kinds of properties, features, amenities and locations homebuyers will look for. Here are a few trends to expect
by Cara Ameer Apr 28
3 ways COVID-19 may benefit homebuyers in 2020
Even chaotic times can bring some positive lessons to learn from. Here's how COVID-19 might change the real estate industry and how homebuyers can benefit from the situation
by Andrew Fortune Apr 27
Take Inman's 2nd real estate coronavirus survey here
The crisis brought the economy to a standstill and turned the future into a question mark. Help Inman understand how you're coping
by Jim Dalrymple II Apr 27
How real estate agents need to pivot for a downturn
Agents who can identify market trends after every period of disruption and adapt to them efficiently are the ones who endure. Here are a few changes we can expect
by Sissy Lappin Apr 25
New-home sales fall sharply in March
Sales of new single-family homes fell 15.4% to a seasonally adjusted rate of 627,000 in March, according to US Census Bureau data
3 tips for avoiding surprises during the homebuying process
During these unprecedented times, it's important for agents to do everything they can to protect themselves and their buyers from unwanted surprises. Here are a few things you can do
by Troy Palmquist Apr 23
The anxiety of homebuying in the time of coronavirus
Opinion
A first-time buyer — Inman reporter Andrea Brambila — goes through a day of socially distanced showings and wonders how to make the right choice while existing in a bubble
by Andrea V. Brambila Apr 23
Young buyers disproportionately impacted by economic fallout
According to Down Payment Resource's latest report, millennials and Gen-Zers were on track to hit their homebuying peak before April's record layoffs
by Marian McPherson Apr 22
Second-home markets hope for the best as stay-at-home rules extend
Real estate agents in Montana, Arizona, and Florida explain how the coronavirus has impacted their markets and offer their predictions for a robust recovery
by Marian McPherson Apr 21
How curbside closings are keeping the market moving
An Atlanta real estate law firm has been conducting mobile closings for 14 years. A global pandemic has given their model, as well as emerging closing technologies fresh, much-needed attention
by Craig C. Rowe Apr 21
17 strategies for working with homebuyers, sellers and past clients
Despite the distruption it brought, there are still many ways you can make the best of the coronavirus situation. Here are some tips for working with buyers, sellers, past clients and on your own business during this pandemic
by Beth Medved Waller Apr 18
The deal is digital: A guide to handling it online from lead to close
The fax machine is finally put to rest. With the onset of e-closing platforms and RON, the real estate sales cycle is 100% online, mobile and in the cloud. Here's a quick list of vendors for each phase of the deal
by Craig C. Rowe Apr 17
32% of first-time buyers get financial help from a relative or friend: NAR
Limited income was the most cited factor holding back non-homeowners from saving, according to a new survey released Thursday by the National Association of Realtors
by Andrea V. Brambila Apr 17
Gary Gold and Vija Williams said at Inman's Town Hall that once lockdown orders end consumers may race back to real estate. Agents should act now to take full advantage
by Jim Dalrymple II Apr 16
New housing construction dives drastically in March
Housing starts are down 22.3% in March but up 1.4% year-over-year
Compass agents anticipate post-pandemic buyer's market in California
More than 700 Compass California agents shared their concerns, market predictions for when shelter-in-place laws lift
by Marian McPherson Apr 15
Builder confidence plunges in April
The National Association of Home Builders' Housing Market Index fell to 30, down from 72 points in March
7 coronavirus-related client concerns and how to respond to them
In midst of ever-changing events, buyer and seller concerns are mounting. Instead of letting them succumb to their fears, here's what you can do to ease them
by Cara Ameer Apr 14
Google searches soar for ‘mortgage’ and ‘home.’ ‘Real estate,’ not so much
Google's data shows changes during the pandemic in home-related online searches. Some experts believe those trends hint at longterm shifts in consumer preference
by Jim Dalrymple II Apr 9
US property taxes increased to $306.4B in 2019
The total property taxes levied on single-family homes last year increased by 1% from 2018, the smallest increase in the past three years
by Lillian Dickerson Apr 8
BoxBrownie releases native 360-degree tour platform
Award-winning image editing and marketing company has grown rapidly by editing others' work. Its new immersive tour product can be created with minimal imagery using affordable cameras and published in 24 hours
by Craig C. Rowe Apr 8
Market snapshot: Washington, 6 weeks into COVID-19
Washington was the first U.S. state that saw a confirmed case of the coronavirus. A month and a half later the real estate industry soldiers on amid the chaos
by Jim Dalrymple II Apr 8
LGBT Americans want to own homes, fear discrimination
Homeownership rates for LGBT Americans lag behind those of the broader population. A new report suggests fears of discrimination may be contributing to that difference
by Jim Dalrymple II Apr 8
February home prices reflect pre-coronavirus market strength
Because sales typically represent contracts that were signed in the previous two months, CoreLogic expects the pandemic's effects will start to show in the April data
6 realities your buyers and sellers should prepare for
It's important to remember that everyone has to live somewhere. Our homes have never been more important to us than right now
by Cara Ameer Apr 6
Chime speeds release of Facebook, YouTube livestreaming tools
The agent operating system has developed streaming tools for Facebook Live and YouTube and released them ahead of schedule in response to the COVID-19 market reduction of face-to-face business
by Craig C. Rowe Apr 3
Home showings allowed to resume in New York: Gov. Andrew Cuomo
Cuomo announced home showings would be allowed to resume, but the announcement has yet to be backed up with guidelines from the Empire State Development Corporation
by Lillian Dickerson Apr 2
36% of homeshoppers believe the recession has already begun: Poll
A new survey by realtor.com reflects the stark contrast in homebuyer sentiment since the beginning of March with the coronavirus outbreak. Still, many homebuyers are undeterred
by Lillian Dickerson Mar 31
Home price gains extend into January — but virus looms large
Home prices rose 3.9% in January, but the data does not take into account the impact of the coronavirus pandemic, which didn't take hold in the US until late February
Home affordability modestly improves in first quarter of 2020
Median home prices were still unaffordable for 66 percent of U.S. counties in Q1 2020, but that number decreased from 70.4% in Q4 2019
by Lillian Dickerson Mar 25
Home prices rise modestly in January
The cost of an average home rose 0.3% in January and 5.2% year over year
Rently self-guided tours coming to 75 more rental communities
An award-winning national property manager responds to reduction in face-to-face showings by rolling out Rently's patented touring technology
by Craig C. Rowe Mar 23
Track your state's buyer activity with ShowingTime's new daily report
Based on data from 5 million home showings, ShowingTime has released a daily homebuyer activity report that shows the state-by-state impact of the coronavirus pandemic
by Marian McPherson Mar 20
Nearly half of Realtors say buyer interest has dropped due to coronavirus
Just one week ago, only 16% of Realtors reported a decrease in homebuyers as a result of COVID-19.
by Lillian Dickerson Mar 20
How to stay ahead of coronavirus market fluctuations
From where we stand now, the future of the real estate market looks challenging. If you're grappling with the rapid change, here are a few things you can do to prepare for future market shifts
by Steve Cook Mar 20
Rental season 'completely derailed' by coronavirus
Apartment search company RentCafé said that in the last week searches for apartments on its site have fallen 25%
by Jim Dalrymple II Mar 18
NYC-based property matching service Localize to connect buyers with agents
Originally aiming to offer New York City buyers an honest look at neighborhoods and buildings, the company has now launched Localize Advantage to help buyers to find their ideal agent
by Craig C. Rowe Mar 18
Share of first-time buyers reaches highest peak since 1993
The number of first-time homebuyers exceeded 2 million for the third consecutive year in 2019, according to Genworth Mortgage Insurance
by Marian McPherson Mar 18
Agents: It's time to stop holding open houses
Opinion
In response to the recent coronavirus outbreak, brokerages have to do what they can to exercise safety. So, here's why our firm suspended open houses — and why yours should, too
by J. Philip Faranda Mar 18
What are the benefits and risks of alternative financing?
Find out what products real estate pros are using to help their buyers buy — and what to watch out for if you choose an alternative finance option
Open houses took hit from coronavirus over the weekend
Some open houses already saw cancelations and declining attendance last week. That's likely to be a growing trend in the coming weeks
by Jim Dalrymple II Mar 16
Ramsy Shuffield is advocating for sustainable housing in Little Rock
Rackely Realty agent Ramsy Shuffield shares his journey from educating the public about electric cars to educating buyers about environmentally friendly housing
by Marian McPherson Mar 16