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
Mark McLaughlin: Client trust is all that matters — all else is 'noise'
Compass' chief real estate strategist speaks this week at the Compass RETREAT on 'The Future of the Industry and Client Representation.' In a recent conversation, he shared his insights
by Lillian Dickerson Nov 16
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
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
Mother of all commission suits filed in Illinois, this time by homebuyers
'Batton 2,' exponentially larger in scope than Sitzer | Burnett and the Moehrl commission suits, was filed last week in Illinois and takes aim at many of the defendants in another suit called Gibson
'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
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
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
Zillow launches new feature for home search by school district
The feature allows homebuyers to select a school district and displays school attendance zone boundaries and homes available for rent or for sale within those boundaries
by Lillian Dickerson Oct 12
'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
Lack of family, friend support keeps LGBTQ+ buyers behind: Redfin
Redfin survey reveals LGBTQ+ consumers disproportionately struggle with lack of family support during homebuying due to heteronormative expectations for marriage and household formation
by Marian McPherson Oct 4
Intel unpacks the startling price of entry into the US housing market
Economists, homeowners and agents broke down the alarming but true cost of buying property in 2023, telling Intel that rising rates and home prices are only the start for wallet-stretched buyers
by Marian McPherson Oct 4
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 beats Redfin, to become No. 2 portal
In a sign of the listing portal's growing influence, 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
LGBTQ+ Real Estate Alliance touts 'Stop Hate in Real Estate' initiative
The LGBTQ+ Real Estate Alliance is partnering with the California Association of Realtors, AREAA and NAHREP to combat real estate discrimination against homebuyers from diverse communities
by Marian McPherson Sep 27
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
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
Vacation home demand near 7-year low due to costs, employer policies
Mortgage-rate locks on second homes were down 47% from pre-pandemic levels in August as market factors have made owning a second home more costly and complicated in the last year
by Lillian Dickerson 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
CoreLogic, smarten home search for Georgia homebuyers
First Multiple Listing Service, a 57,000-member organization based in Georgia, will launch enhanced home search powered by the joint partnership
by Craig C. Rowe Sep 6
'It must have 16 cabinets': 6 deals that died for wild and silly reasons
Real estate agents recently revealed to Inman the most unexpected reasons they've lost deals — including a fear of snakes, hatred of Glade Plug-ins, bad vibes and, apparently, off-kilter feng shui
by Jim Dalrymple II Sep 1
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
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
Pending home sales climb to 2023 high following months of declines
Pending home sales rose 0.7% from June to July, reversing 7 months of declines. However, rising rates and home prices are poised to stifle sales growth into the fall, Redfin said on Friday
by Marian McPherson Aug 25
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
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
When handling buyer objections, preparation is key, brokers say
Buyers with doubts need to know they're being heard. A well-oiled process for responding to their objections can help, Bianca D'Alessio and Aaron West said Thursday at Inman Connect Las Vegas
by Daniel Houston Aug 11
RentSpree CEO talks about moving out of LA over high home prices
'I want our industry to look more at the rental market not as something that's completely separate and distinct from the homebuying market,' Michael Lucarelli said at Inman Connect Las Vegas
by Taylor Anderson Aug 10
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
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
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
Christie's International Real Estate and tech company Modwell partner
The agreement provides 50 of Christie's International Real Estate's Masters Circle agents access to Modwell's proprietary tech design platform to assist homebuyers in seeing a home's potential
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
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
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
Team of rivals: Zillow, Redfin unite to share new construction listings
New construction listings on Zillow will now automatically be syndicated to Redfin. The companies believe the partnership will extend the reach of the homebuilders' listings while aiding consumers
by Jim Dalrymple II 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
Far Homes new financing tool helps Mexico seem much closer
The solution will allow users to search within a network of reputable, verified lending sources that can customize mortgage needs accordingly, the company said
by Craig C. Rowe 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
Josh Flagg buys $4.25M Miami home with business partners
The 'Million Dollar Listing' star bought the Mediterranean-style villa with Adam Rubin and Andrew Shanfeld, according to a report. Last year, he bought a $9.2M property in Beverly Hills
by Lillian Dickerson Jul 20
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
California puts another $200M into shared appreciation loans
CalHFA may revise guidelines of Dream For All loan program after 1st $300M earmarked to help first-time homebuyers with down payments ran out in less than 2 weeks
by Matt Carter Jul 18
Florida dominates list of best markets for 1st-time homebuyers
Palm Bay, Cape Coral and Tampa top WalletHub's list of best markets for 1st-time homebuyers. But a closer look at the rankings shows buyers may sacrifice quality of life for affordability gains
by Marian McPherson Jul 18
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
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
Home search startup Dash rolls out new construction info for agents
Dash, which aims to improve how real estate agents access information about new construction projects, has released a beta test of its software in Miami, the company announced last week
by Craig C. Rowe 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
Times names 'modern farmhouse' defining residential style of 2020s
The modern farmhouse, with its black and white exterior, board and batten, and classic interior is the style of the moment, according to The Times. Its rise coincides with a desire for simpler times
by Marian McPherson Jul 7
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
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
A first-time buyer in WW2, client becomes homeowner again at 100
The North Carolina centenarian, who bought her first home in the 1940s, is settling in at the 'lovely house' where she'll live with her son, news station WSOC-TV reported
by Daniel Houston Jul 3
8% of buyers got down payment help from family this year: Survey
A new survey of 1,700 real estate agents this spring found that homebuyers in the Northeast and in Southern California were the most likely to get financial help from their family
by Jim Dalrymple II Jul 3
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
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
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
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
Want to buy a home? It'll cost you $1,030 a month more than renting
The premium for buying a home is now 17% higher than it was a year ago thanks to high interest rates and stubborn home prices, according to John Burns Real Estate Consulting
by Taylor Anderson Jun 15
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
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
The Texas plan that could win even more new homeowners
High property taxes in Texas have in the past canceled out some of the state's affordability advantages. But political leaders are looking for ways to reduce homeowners' tax burden
by Jim Dalrymple II Jun 6
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
82% of Americans favor upzoning as fix for skyrocketing housing costs
Zillow's survey revealed overwhelming support for accessory dwelling units, duplexes, triplexes and other dense-housing complexes as housing costs have doubled from pre-pandemic levels
by Marian McPherson Jun 1
A squad of economists is waging a stealth war on America's '30% rule'
The Brooke Amendment — a law otherwise known as 'the 30% rule' that has shaped US housing policy since the 1960s — is in the crosshairs as spending on real estate soars to record heights
by Marian McPherson May 31
State Farm exits California homeowners' insurance market
Inflation, construction costs and intensifying wildfire seasons pushed State Farm to stop taking new homeowners' insurance applications in California, the insurance giant announced Friday
by Marian McPherson May 31
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
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
Majority of buyers lean on agents, not banks, for financing info: Poll
A new survey conducted by Zillow suggests there are opportunities for real estate agents and companies that provide information and make lending more user friendly
by Jim Dalrymple II May 23
Lake Homes Realty launches Beach Homes Realty 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
Florida bans Chinese citizens from buying real estate over 2 acres
On May 8, Gov. Ron DeSantis signed Senate Bill 264. The new law restricts real estate purchases in the state by citizens of China, Russia, Iran, North Korea, Cuba, Venezuela and Syria
by Andrea V. Brambila May 18
Sam Zell, billionaire real estate investor, dies at 81
The founder and chairman of Equity Residential had interests spanning real estate, manufacturing, healthcare and media, among other sectors
by Daniel Houston May 18
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
Builder confidence rises as low inventory hikes new-home demand
New homes now represent a third of all homes on the market, 2.5 times higher than the historical average for the 2 decades leading up to COVID-19, according to the NAHB/Wells Fargo HMI
by Taylor Anderson 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
'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
And the cheapest state to buy a home is…
Illinois is the cheapest state to purchase a home, due to a study by California-based boutique brokerage RubyHome. The study focuses on the income-to-sale price ratios for each state
by Marian McPherson Apr 28
$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
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
‘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
older millennial
Millennials passed a significant homeownership milestone in 2022, while Gen Z is already beating out their parents, according to reports released this week by Apartment List and Redfin
by Ben Verde Apr 21
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
The top 5 most popular US neighborhoods for homebuyers
More homebuyers are looking at properties on Zillow in Northeast Dallas than in any other neighborhood, garnering an average of 36,113 daily views, according to a new report
by Ben Verde Apr 14
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
Poll shows most Americans still think it's a bad time to buy
Fannie Mae survey shows sentiment ticked up slightly in March with consumers becoming more confident about homeselling conditions and less worried about losing their jobs
by Matt Carter Apr 10
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
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
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
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
Homebuyers and sellers played chicken as sales slowed in March'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
Rocket's new Visa rewards card targets first-time homebuyers
In addition to paying high rates on any balances they carry, customers will find that their rewards points are worth much less if they don't choose Rocket Mortgage to finance their home
by Matt Carter 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
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
MoxiWorks and Milestones team up to offer digital home management
The partnership will allow agents at more than 800 brokerages access to post-close software, providing new owners the ability to monitor the financial and operational state of their home
by Craig C. Rowe 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
RE/MAX CEO Nick Bailey: Agents who ignore tech will be replaced
On the heels of RE/MAX's 50th anniversary and R4 conference, RE/MAX CEO Nick Bailey shared with Inman a sneak-peek into the franchisor's tech and growth strategy for 2023
by Marian McPherson Mar 3
A gap in a concrete bridge
The National Association of Realtors said increasing the nation's inventory is 1 solution to address homeownership gap. The trade group is eying 3M net new Black homeowners by 2030
Tech-enabled, hybrid brokerage Prevu opens in Florida
The digital homebuying solution that heavily leverages detailed online search and buyer due diligence now operates in Miami, Fort Lauderdale, Boca Raton and West Palm Beach
by Craig C. Rowe Mar 2
As locals balk, foreign buyers take renewed look at US homes
Real estate firms that work with foreign buyers have seen an uptick in business from outside the US, 'The Wall Street Journal' reports
by Daniel Houston Mar 2
Housing inventory shoots up as homes sit longer on the market
A new report from shows that homes were sitting on the market for an average of 67 days in February, up from just 44 last year at the same time
by Jim Dalrymple II Mar 2
Is anyone ever 'right'? The perils of predicting housing markets in 2023
Real estate decision-makers gathered in Palm Springs to plot the future of the industry at Inman Disconnect. It's a tall task, several leaders proclaimed, including Vanessa Bergmark of Red Oak
by Daniel Houston Mar 1
After clamp down in Park City, Pacaso gets a big reprieve in Utah
A bill moving swiftly through Utah's Legislature would prevent cities and counties in the state from placing restrictions on co-owned homes. The reversal is a big win for Pacaso and its rivals
by Taylor Anderson Feb 28
Home prices cooled sharply to end 2022 — but affordability still elusive
Home price growth fell 5.8% annually in December, down from a 7.6% gain a month earlier, the latest S&P CoreLogic Case-Shiller Index shows. The FHFA also recorded a chill in appreciation
by Ben Verde Feb 28
Brad Inman: Decision-makers, not experts, will forge real estate's path
The Inman founder kicked off Disconnect in Palm Springs, California, on Monday by calling on real estate leaders to deliver a path forward through the rough patches ahead
by Daniel Houston Feb 28
Rupert Murdoch drops $30M on full-floor pad, Central Park views
Murdoch, the News Corp founder and business magnate, has signed a contract to buy the entire 27th floor of the Hampshire House in Manhattan. It's only his latest purchase in recent years
by Taylor Anderson Feb 24
Ohio 4th state to sue MV Realty over allegedly 'shameful business model'
Ohio is the latest state to file suit against MV Realty for deceptive practices following probes by regulators over its 'homeowner benefit agreements' in Florida, Pennsylvania and Massachusetts
by Andrea V. Brambila Feb 23
Total market value for US homes drops $2.3T from June: Redfin
In its latest real estate market report, Redfin said the total market value for US homes dropped $2.3T from June to December 2022 — the largest 6-month drop since the Great Recession
by Marian McPherson Feb 22
More homebuyers are blaming their agents — and hauling them to court
Even though the extreme seller's market is in the rearview mirror, disgruntled clients have been filing more lawsuits against their agents, according to an analysis by Victor Insurance Managers
by Daniel Houston Feb 21
Gary Keller: It's a do-or-die housing market for real estate agents
In his State of the Housing Market address on Sunday, Keller Williams' co-founder Gary Keller explained how chaos will force agents to become better competitors — or be left behind
by Marian McPherson Feb 20
Plunk releases market data API, signs 3 proptech partners
Plunk envisions its data API assisting users in the same way a stock ticker does Wall Street investors, by helping them make critical decisions with the most prompt business information
by Craig C. Rowe Feb 17
A reason for the luxury slowdown? We may be in a ‘richcession’
Luxury home sales slowed faster than lower-priced homes. Crypto, tech stocks and proptech values plummeted. Is the slowdown impacting wealthy buyers more?
by Taylor Anderson Feb 17
Redfin opens up Redfin Premier luxury services to homebuyers
Redfin Premier services will now be available to homebuyers across 28 markets. The brokerage also announced new designs for its Redfin Premier Agent profiles and listings
by Lillian Dickerson Feb 17
Nearly two-thirds of brokerage sites aren't displaying commissions
Consumer Federation of America: Despite an NAR rule change, only Redfin displays buyer-agent compensation in virtually all of the major cities examined
by Andrea V. Brambila Feb 16
Builders still on bumpy ride, but demand may have bottomed out
New-home starts took a hit in January but remain higher than they were in November. And builders see a path forward to stronger sales, according to a report from the US Census Bureau
by Daniel Houston Feb 16
Pacaso firms up co-ownership union with HomeServices of America
Pacaso’s model gives luxury agents something new to offer clients, as well as opens their representation services to buyers who were once shut out of the traditional second-home market
by Craig C. Rowe Feb 15
Homebuilders are feeling a lot more optimistic as market begins to thaw
Builder confidence rose 7 points in February, to 42, according to the latest NAHB Housing Market Index. It's the highest score since September and the largest 1-month increase in a decade
by Ben Verde Feb 15
The 1 metric you need to scrutinize, according to a real estate economist
Redfin Chief Economist Daryl Fairweather reveals to Intel the top data point signaling a coming rebound and shares why inflation and mortgage rates will continue to lead the market this spring
by Marian McPherson Feb 15
Zavvie debuts power buyer program
The white-labeling program, zavvie Power Buyer, was announced exclusively to Inman and will include 2 models: contingency-free (cash offer) financing and a buy-before-you-sell bridge loan
by Craig C. Rowe Feb 15
Presale renovator Revive acquires HomePrep as it eyes the East Coast
Revive has acquired HomePrep outside of Washington, DC, in a continued nationwide expansion, executives told Inman exclusively. The company adds value with no upfront cost to homesellers
by Taylor Anderson Feb 14
$40M NYC penthouse deal sets record for eXp Realty
The penthouse apartment sits at the southwest corner of Central Park and sprawls across more than 8,000 square feet
by Jim Dalrymple II Feb 13
EXCLUSIVE: Read Inman's Blueprint 2.0 for Uncertain Times
Real estate's top thought leaders shared their best advice for thriving in a slower market during CEO Connect in New York last month. Here's what they had to say
by Jim Dalrymple II Feb 13
Buyers are returning to the market — and sellers are following: Redfin
This week, the Redfin Homebuyer Demand Index, the brokerage's in-house gauge of buyer activity, hit its highest level since September, rising 21% from an October low, new data shows
by Ben Verde Feb 10
Homebuyer dollar stretching further as rates drop: Zillow
As mortgage rates have dropped from a roughly 7% peak, buyers can now buy homes about 84 square feet larger than those they could purchase in October with a $3K monthly payment
Builders are pulling their hair out. Why do investors still love them?
To get a clearer picture of where things stand for builders — and where they're headed for investors — Inman compiled financial results from the largest publicly traded homebuilders
by Daniel Houston Feb 8
Mapping out 253 cities with quarterly declines in home value
Where are home prices falling? Let's map out the 253 cities that saw quarterly declines in the final 3 months of 2022. But there are indications that this isn't a repeat of the 2008 crash.
by G. Brian Davis Feb 7
Buyers on a $2,500 budget can now afford a $400,000 home
Things are looking up for homebuyers on a budget as mortgage rates fall from their 20-year highs, according to a report published Thursday by Redfin
by Ben Verde Feb 3
Mass rounds of real estate layoffs still the exception, not the norm
Despite big rounds of layoffs by companies like Compass and Anywhere, payrolls throughout the real estate industry held firm in January, according to new US Bureau of Labor Statistics' report
by Daniel Houston Feb 3
Real estate agents of TikTok say a big market shift is afoot
All across the country, real estate agents are posting positive signs of change from the trenches and revealing they're suddenly dealing with packed open houses and intensifying bidding wars
by Jim Dalrymple II Feb 1
Berkshire Hathaway HomeServices unveils updated branding
Company refreshes brand identity for main franchise and luxury brands ahead of its 10-year anniversary. The new look will roll out through a phased approach starting this week
by Taylor Anderson Feb 1
Home showings dip in December, but slowdown may be easing
Showings were way down year over year but only dipped a little bit month over month, according to a new report from ShowingTime. They remain up compared to pre-pandemic levels
by Jim Dalrymple II Feb 1
What happened with power buying in 2022? Let's look at the numbers
The market went south, but consumers' appetite for power buying didn't, according to a new report from real estate marketplace zavvie
by Taylor Anderson Feb 1
Zillow deploys AI to improve online home search experience
Powered by an advanced natural language technology, homebuyers can enter longer, detail-rich requests, as they would on Google, to unearth more accurate inventory matches
by Craig C. Rowe Jan 27
Why top agents see market shifts as an opportunity to shine
At Inman Connect New York on Wednesday, Dana Cadena, Kathy Helbig-Strick and Phillip Salem offered tips for making the transition from a seller's market to a buyer's market
by Matt Carter Jan 26
1000watt CEO: 'No one cares how much or how agents get paid, they only want things to be easier'
At Inman Connect New York Wednesday, CEO Brian Boero shared insights from a real estate consumer sentiment study it conducted under the self-imposed mandate to 'shut up and listen'
by Craig C. Rowe Jan 25
How fiscal prudence in good times can avert a hit to morale later
When the market emerges from this down period, savvy broker-owners will remain judicious with expenses, 3 top executives said at Inman Connect New York on Wednesday
by Daniel Houston Jan 25
Investors highlight the untapped potential in financing home equity
A slate of new companies backed by institutional investors is offering ways for owners to tap home equity. They made their pitch on Tuesday at Inman Connect New York
by Taylor Anderson Jan 24
When it comes to real estate and data, keep it local
At ICNY on Tuesday, OJO Labs' Chris Heller and Nest Seekers International's Erin Sykes explain why real estate agents should pay less attention to national data and dig into local insights
by Marian McPherson Jan 24
Ben Kinney tells agents to channel 'Braveheart,' lead in tough times
'There are casualties in every war, but casualties come from egos and lack of action,' Kinney told an audience at Inman Connect New York on Tuesday
by Taylor Anderson Jan 24
A quarter of homebuyers were looking to relocate during Q4, 2022
According to a new report, 24.6% of Redfin users were looking to move inspired by high housing costs in most major cities and the freedoms provided by remote work
by Ben Verde Jan 24
Fiery Tennessee estate in contract after setting social media ablaze
Listing photos on Zillow show firefighters extinguishing the blaze as the $1.5M, 25-year-old mansion actively burns. The house is now under contract after just 6 days on the market
by Ben Verde Jan 23
Compass' Phillip Salem shares their path from fashion to real estate
Ahead of a 1st Inman Connect New York appearance, Salem shares their journey from budding fashion mogul to real estate dynamo and the power of authenticity amid a changing market
by Marian McPherson Jan 21
NAR: New Fannie and Freddie mortgage fees will hit middle class
The mortgage giants' federal regulator eliminates upfront fees for first-time homebuyers of limited means, but some better-off borrowers will see increases starting May 1
by Matt Carter Jan 20
Mortgage rate swing created 'more normal' market in December
Slowing mortgage rate growth impacted homebuyers and sellers in different ways in December, according to Zillow's latest market report.
by Marian McPherson Jan 19
IBuying-minded HomeBldr upgrades investment analysis tools
The reporting tool determines a number of return-on-investment scenarios, taking into account market conditions, available financing and any need for renovations and improvements
by Craig C. Rowe Jan 19
The country moved closer to a balanced market in December
Inventory rose 69% and sales fell 38% to close out 2022 as the nation moves away from the frenzied seller’s market and closer to balance, according to a new market report from RE/MAX
by Taylor Anderson Jan 18
Knock increases bridge loan for home prep to $35,000
The 6-month loan is a component of Home Swap that allows clients to prepare a home for market through basic repairs, small finish upgrades, painting and other items buyers look for in a home
by Craig C. Rowe Jan 18
Agree to disagree: 11 real estate leaders dust off crystal ball for 2023
The market isn't done falling but could soon stabilize, according to a survey of real estate executives and economists conducted by Point
by Daniel Houston Jan 17
Mansion dubbed ‘The Invisible House’ hits market for $18M
Chris and Roberta Hanley designed a 5,500-square-foot home with mirrored glass to reflect the surrounding 70 acres of desert landscape near Joshua Tree National Park
by Taylor Anderson Jan 13
Glenn Kelman calls millennials 'the roommate generation'
In an appearance on 'Barron's Live,' Redfin's CEO explained how rising mortgage rates have trapped homeowners and homebuyers into a housing purgatory, tough for anyone to make a move
by Marian McPherson Jan 12
This city will be the hottest market of 2023, Zillow predicts
Zillow named Charlotte its hottest market of the year, continuing the trend of cities with relatively warm climates taking the top spot, following Tampa in 2022 and Austin in 2021
by Ben Verde Jan 12
Brokerage executives predict falling profits, economic decline in 2023
Real estate leaders are pessimistic about the state of the economy, but nevertheless upbeat about their ability to take share in a chaotic market, according to a new survey from Delta Media Group
by Jim Dalrymple II Jan 12
‘The gate is beginning to open’: Big inflation drop may aid homebuyers
The once-frantic pace of consumer price growth has been slowing for months, which may bode well for buyers' budgets — and financing, according to new data from Bureau of Labor Statistics
by Daniel Houston Jan 12
This is the year when 'agents have to go deep': BHGRE's Barry Jenkins
Jenkins, Better Homes and Gardens Native American Group chief marketing officer, sat down with Inman ahead of his appearance at Inman Connect New York later this month
by Marian McPherson Jan 12
Foreclosure activity doubled in 2022 but remains historically low
While the nation continues moving away from the pandemic-era lows, it's doing so very slowly and well below rates seen during the Great Recession
by Taylor Anderson Jan 11
Hines taps new CEOs for regions across North and South America
Steve Luthman picked to lead Midwest, Southeast and Canada regions; and Syl Apps will head the South America region, the company announced on Wednesday
by Taylor Anderson Jan 11
Zavvie raises $3.65M, bets on alternative homebuying preferences
Second Century Ventures Managing Partner Tyler Thompson will join zavvie's board of directors, the company announced
by Ben Verde Jan 11
This is where it takes the longest amount of time to save up for a home
In Glendale, California, a homebuyer with a median household income for the area can expect to save for 15.1 grueling years, compared to counterparts in Detroit, who will save for just 2.6 years
by Lillian Dickerson Jan 10
Year of the off-market deal? DropOffer sees potential in 2023
Proptech DropOffer predicts the number of selling alternatives on the market will result in an increase in non-MLS deals in 2023
by Craig C. Rowe Jan 9
Real estate payrolls end on a strong note to close out a volatile year
Brokers, agents and homebuilders tallied a solid hiring month amid the holidays even as the downturn in real estate transactions continued, according to the US Bureau of Labor Statistics
by Daniel Houston Jan 6
Want to buy a home in Canada? You'll likely have to be Canadian
As of Jan. 1, homes in Canada can only be purchased by the nation's citizens and a few other groups after a new law went into effect. The step's a campaign promise of Prime Minister Trudeau
by Daniel Houston Jan 5
Remote work will eventually make homebuying more affordable: Study
While remote work helped drive up housing prices during the pandemic, a new study from the Economic Innovation Group argues remote work may help housing affordability in the future
by Ben Verde Jan 4
Home prices will soon post year-over-year declines: Report
Home prices grew by 8.6% compared to a year before but fell by 0.2% month over month. By Q2, prices are expected to be lower than they were a year before, CoreLogic says
by Taylor Anderson Jan 3
Inman's 2022 Person of the Year: The Howard Hanna family
Three generations of Hannas have grown the family business from a small mom-and-pop into a juggernaut with 15,000 agents and 400 offices. Expect momentum to rise exponentially in 2023
by Jim Dalrymple II Dec 29
Luxury housing market plunges to new low as priciest inventory rises
Stock market declines and recession concerns stopped the luxury market in its tracks in Q3, with home sales in the top percentile of the market declining 38% year over year, according to Redfin
by Marian McPherson Dec 28
Cold winter looms as pending home sales fall for 6th-consecutive month
The number of homes that went under contract in November dropped by another 4%, signaling a slow winter, according to data released Wednesday from the National Association of Realtors
by Daniel Houston Dec 28
The 2023 housing market: A real estate 'reckoning is at hand'
Economists and other housing experts predict the market will be more balanced among buyers and sellers. Home prices won't change much while mortgage interest rates will continue to dip
by Andrea V. Brambila Dec 28
Real estate investing in 2022: Where is the roller coaster headed?
‘It’s like that roller coaster where it’s going up and up and up and up. You don’t know what’s going to happen when you get to the top.’ Many investors had a pleasant ride in 2022. But the ride might come to an end.
by Taylor Anderson Dec 27
Utah's red rock and Florida's coast: 2022's top second-home markets
Second-home mortgage rate locks were most common in Washington County, Utah, and Osceola County, Florida, according to luxury co-ownership company Pacaso's research
by Craig C. Rowe Dec 23
Sales plunge 35% in November, marking biggest decline on record
Home sales posted their biggest annual decline since Redfin started tracking the metric in 2012
by Ben Verde Dec 22
Two wolves fighting
The Sitzer/Burnett trial has been delayed until after a higher court rules on an appeal from HomeServices of America
by Andrea V. Brambila Dec 16
'This is the shift everybody has been predicting': Agents at Connect Now
Matt Lionetti and Jason Cassity said during Inman Connect Now on Thursday that the market shift has been fast and furious, and agents must start stepping up their games to survive
by Jim Dalrymple II Dec 15
President Biden signs the Respect for Marriage Act into law
The act codifies same-sex and interracial marriage rights and ensures same-sex couples' marriages would be federally recognized if the Supreme Court overturns Obergefell
by Marian McPherson Dec 14
Nearly half of new-home buyers in the Southwest are backing out
Builders have seen cancellation rates spike this year as buyers now struggle to afford the homes they signed up for months ago, according to data from John Burns Real Estate Consulting
by Daniel Houston Dec 14
Annual inflation drops to 7.1% even as housing woes persist
Housing remained a strain on family budgets last month, but declining prices of gas, used cars and medical insurance helped soften the blow
by Daniel Houston Dec 13
40% of Americans eye a move, but many feel 'priced out' for now
Cost-of-living, cramped quarters and even politics are all top-of-mind for people considering a move in the coming years, a new Harris Poll reveals
by Daniel Houston Dec 9