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
Pacaso ventures into New York's Hudson Valley, joins with NevelHaus
Each of NevelHaus' carriage house designs are infused with modernism, characterized by open floor plans and floor-to-ceiling glass openings, meant for simple living
by Craig C. Rowe Dec 7
MoveEasy raises $7M funding round
The Series A funding round was led by Moderne Ventures with strategic participation by The Travelers Companies, according to an announcement sent exclusively to Inman on Tuesday
by Craig C. Rowe Dec 7
'It impacts everyone:' Redfin adds zoning and land use data to listings
Redfin launched its latest listing data update on Monday, which provides zoning and land use data for more than 70 million listings in the US and Canada
by Marian McPherson Dec 5
Homebuilders avoid mass layoffs as brokerages post big hiring month
Sales of new homes have suffered, but plenty of projects remain active. Homebuilders have yet to make steep cuts to their payrolls, according to the US Bureau of Labor Statistics on Friday
by Daniel Houston Dec 2
Home tours plummeted by half this year in Western states
Nationwide, home showing activity in October was down 27% year over year. In the West, the drop-off was nearly twice as steep
by Daniel Houston Dec 1
Redfin economist: 'We're going to have pain' while high inflation lasts
Daryl Fairweather also said during her Yahoo Finance appearance that 'demand is very weak' as both homebuyers and sellers take a breather from the housing market
by Jim Dalrymple II Nov 30
Need clients? Here's how to capture and convert the 6 major buyer types
Converting leads into clients isn’t easy, but knowing various types of clients and how to market to them will help
by Chris Heller Nov 29
7 things agents can be grateful for in 2022
Opinion
Real things to be thankful for when the market feels more than a little bittersweet. There are many things to celebrate so grab a seat, pass the yams and prepare to cheers the year that seemingly teaches us a new lesson every day
by Rachael Hite Nov 22
Investor activity plunged at rates similar to the Great Recession in Q3
The slowdown was most dramatic in COVID boomtowns like Las Vegas and Phoenix, according to a new analysis Tuesday by Redfin, which examined real estate investment activity in 40 metros
by Taylor Anderson Nov 22
After 2-year ordeal, FHA borrowers can now buy private flood insurance
The Department of Housing and Urban Development on Monday prevailed in expanding flood insurance choices for homebuyers with Federal Housing Administration-insured mortgages
by Marian McPherson Nov 22
Pending home sales post record drop as deals die and price cuts soar
Inflation and mortgage rates took a hefty toll on homebuyers in October, with a record 60,000 home-purchase cancellations during the month, according to new data released Monday
by Marian McPherson Nov 21
Mortgage rates dropped faster this week than at any time in 40 years
The fall from 7.08% to 6.6% would save buyers approximately $100 a month on a median priced home, according to a report released Thursday from Redfin
by Taylor Anderson Nov 18
Here's what you need to know about Opendoor Exclusives
The iBuyer has launched a new marketplace to connect homebuyers and sellers. The move comes as the housing market continues to slow and as iBuyers face gathering headwinds
by Jim Dalrymple II Nov 18
JPMorgan is set to become America's next big landlord
Weeks after the banking giant unveiled a new property management system for rentals, JPMorgan announced it's investing in a $1B single-family built-for-rent venture
by Taylor Anderson Nov 17
With homes selling slower, agents want more from brokers
Agents face a tougher path to revenue than they did last year. Their brokerages can help, Keith Pike and Donnie Pingaro argued Thursday during a Connect Now virtual session
by Daniel Houston Nov 17
Prices will fall in 2023. But savings will be negligible due to headwinds
Home prices could fall by 8%, but rising mortgage rates and a 'mild recession' will blunt the savings in buyers' pockets, according to Capital Economics' new US Housing Market Outlook
by Marian McPherson Nov 17
Homeward cuts 25% of staff in second round of layoffs
The power buyer previously cut 20% of its staff in August. The cuts come as the broader real estate industry grapples with soaring mortgage rates and slowing sales
by Jim Dalrymple II Nov 16
As Fed walks a tightrope, the balance may swing on housing
Central bank policymakers are trying to tame inflation while avoiding a deep recession. The home market could throw a wrench in those plans
by Daniel Houston Nov 16
Home flippers search for ‘creative deals’ as high rates cool the market
The fix-and-flip housing market continues to shrink as real estate investors struggle to find deals. High interest rates are to blame, according to a new John Burns Real Estate Consulting survey
by Taylor Anderson Nov 15
Single-family rent growth slows for fifth-straight month in September
Rent remained 10.2% above September 2021 levels and 22.6% compared to 2 years earlier, according to the single-family rent index from property data information company CoreLogic
by Taylor Anderson Nov 15
5 housing proposals on midterm ballots — and how they shook out
In dozens of communities across the U.S., affordable housing was on the ballot in the midterms. Here's how some of the biggest proposals did as results were still being tallied
by Daniel Houston Nov 14
NAR chief economist predicts 'strong rebound' in 2024
Lawrence Yun said home prices will rise 1% and sales will dip 7% next year before recovering in 2024, in contrast to a Fannie Mae forecast last month that predicted falling prices next year
by Andrea V. Brambila Nov 14
In an era of divisiveness, be the brand to trust
TheSkimm co-founders Danielle Weisberg and Carly Zakin took to the virtual stage at the National Association of Realtors' annual conference, NAR NXT, on Friday
by Andrea V. Brambila Nov 11
Matterport posts Q3 revenue gains while narrowing its losses
The virtual tour software company posted $38M in revenue, up from $28.4M in Q2, avoiding headwinds that have ensnared others in the real estate space, according to earnings on Thursday
by Taylor Anderson Nov 11
hundred dollar bills lined up
All-items inflation rose 7.7% in October — down from September's 8.2%. Although its welcome news, housing economists say it'll take until 2023 for homebuyers to see the savings
by Marian McPherson Nov 10
Annual home price gains fall to single digits in most markets: NAR
Annual home price growth fell from 14% in the second quarter to below 9%, according to the National Association of Realtors latest quarterly metro home price report, released Thursday
by Daniel Houston Nov 10
NAR's 2022 data just dropped. 9 lead gen strategies to act on now
The newly released NAR 2022 Profile of Home Buyers and Sellers is packed with powerful data to guide your lead generation efforts in 2023
by Bernice Ross Nov 9
3 in 10 homes on market are newly built, the highest share in decades
A home for sale today is nearly twice as likely to be newly built than in 2019 as a glut of unsold projects reaches the market, according to a new report from Redfin
by Daniel Houston Nov 8
Homesellers are slashing prices. Here's how to spot deals right away
Homebuyers searching for price cuts on search portals are sure to get lucky if they check on this specific day of the week and check back again after 3 weeks, according to a new analysis by Zillow
by Daniel Houston Nov 7
Homebuyers and sellers have a ton of misconceptions, new poll shows
Homebuyers and sellers are struggling to keep up with the rapidly shifting market, according to a Zillow survey of real estate agents, which found many believe home prices will fall steeply in 2023
by Ben Verde Nov 7
US hiring remains strong, but other sectors outpace real estate
Real estate employers added about as many jobs in September as would normally be expected this time of year, despite the market downturn
by Daniel Houston Nov 4
Share of first-time buyers plummets to lowest level since 1981: NAR
Rising home prices, mortgage rates and inflation cut the share of first-time buyers to 26% — the lowest level since the National Association of Realtors began surveying buyers and sellers in 1981
by Marian McPherson Nov 3
Prices may be dropping, but homes still have loads of equity
As prices began to fall, home equity held strong. Even the most distressed properties held positive equity in Q3 2022, according to a new report from Attom.
by Daniel Houston Nov 2
Deal falling apart? 10 solutions to keep things moving forward
In today's complex market, it takes give-and-take on both sides of the transaction to make sure you get to the closing table
by Cara Ameer Nov 2
After stable stretch, lumber's roller coaster ride scales yet another hill
Lumber futures were trading at $454 per thousand board feet Monday after ascending to $539 per thousand board feet the week earlier, according to numbers tracked at Nasdaq.com
by Daniel Houston Nov 1
The 7-day home sale is a rarity again as market slowdown continues
The median home for sale is spending 45% longer on the market than it was at this time last year, according to Zillow's research team
by Daniel Houston Oct 31
My home has a basement dungeon. Can I include it as part of the GLA?
'Barbarian' became a runaway hit in October, but the Airbnb-referencing horror flick also raises a thorny issue for agents: What rooms can be listed as part of a property's total square footage?
by Ben Verde Oct 29
Park City, Utah City Council votes to limit where Pacaso can buy homes
Legislators declined to label it a 'timeshare' company, but approved rules that would set limits on where Pacaso can operate. The vote could set the stage for challenges elsewhere in the US
by Taylor Anderson Oct 28
In the short term, home prices will fall. But then what, economists ask
Affordability concerns weigh on nearly every corner of the housing market as the economy tips toward a possible recession, according to a new survey of real estate experts
by Daniel Houston Oct 27
Q4 shows continued rise of properties in foreclosure: Report
The number of homes in some stage of the foreclosure process rose 27.4% compared to the year before, with the number of vacant homes in foreclosure rising for the third straight quarter
by Taylor Anderson Oct 26
Not a one-off: Home prices dropped further — and faster — in August
A reversal in home price growth in July deepened into August as prices declined by 0.9%, according to the latest S&P CoreLogic Case-Shiller report. They remained up 13% from last year
by Daniel Houston Oct 25
Splitero expands equity-sharing service into Colorado, Washington
The expansion comes as 85% of homeowners with a mortgage have a rate far below the current 7% yet high equity in their home. Splitero said expansion plans will continue in other states in 2023
by Taylor Anderson Oct 25
Bored apes and Dogecoin. LA ‘Crypto House’ listed for $1.2M
The owner created a house that’s fit for Airbnb, complete with walls lined with NFTs, memes and other relics of crypto’s heyday. It's for sale for about 20.4M Dogecoins
by Taylor Anderson Oct 21
California Association of Realtors apologizes for racist past policies
'The Association was wrong.' The trade group says it's taking 'bold action' to address the legacy of discrimination that continues to impact access to housing today
by Andrea V. Brambila Oct 20
Now is the time to have answers to the toughest questions, trainers say
Agents who can handle clients' concerns in a shifting market will continue generating business in tough times, Keller Williams and Reali trainers said at Inman Connect on Wednesday
by Taylor Anderson Oct 19
Top producers share how agents can dominate their markets this fall
During an Inman Connect panel, industry experts recommended that agents be ready to provide more context to buyers and sellers and be proactive about building relationships
by Taylor Anderson Oct 19
Following slow September, single-family housing starts plunge 18%
Single-family projects took yet another beating in September, declining nearly 5% from the previous month and 18% year over year, according to data Wednesday from the US Census Bureau
by Daniel Houston Oct 19
CredEvolv coaches homebuyers to help them qualify for mortgages
Integration with Freddie Mac's HomeCoach tool lets housing counselors access automated underwriting tools used by mortgage lenders
by Matt Carter Oct 18
Homebuilders suspect demand for new homes will fall even further
With sales already slipping off highs from earlier in the pandemic, a survey of builders released Tuesday by the National Association of Home Builders suggests the bleeding may have just begun
by Daniel Houston Oct 18
Heading off surprises helps keep deals on track as rates rise
Power buyers and mortgage lenders are providing certainty to homebuyers and sellers, industry leaders said at Inman Connect on Tuesday
by Matt Carter Oct 18
It's time for the mortgage industry to create meaningful options for homebuyers
Opinion
While mortgage companies go all-in on layoffs and bemoan the state of the industry, they’re failing to provide truly helpful solutions that would reassure buyers and get them into homes
by Troy Palmquist Oct 18
Flyhomes: What it is and how agents can use its power buyer platform
What is Sailbridge? Learn about the power buyer from Flyhomes, how its fees work and how a client can use it to make a cash offer
by Daniel Houston Oct 17
Inflation up 8.2% over last year — and housing is largely to blame
Government’s estimate of the cost of owning a primary residence rose 0.8% in September and was up 6.7% compared to a year ago, which is the largest 12-month increase in the category's history
by Daniel Houston Oct 13
For the first time, Fannie Mae now expects home prices to fall next year
Economists at Fannie Mae project national home prices to decline by 1.5% and home sales by 21% in 2023 as Fed continues inflation fight
by Matt Carter Oct 12
Homebuilding materials remain 38% costlier than normal
Acquiring construction materials remains expensive for homebuilders, even as a reduction in demand may be relieving supply chains, according to data from the US Bureau of Labor Statistics
by Daniel Houston Oct 12
9 questions every first-time homebuyer should ask to find the right fit
Helping today’s first-time homebuyer find the perfect fit is all about finding out what makes them unique — and finding the perfect place for them to feel at home.
by April Murphy Oct 12
CertifID gets tougher on wire fraud with PayoffProtect
The company says its software locks down the typically manual process surrounding the payoff request with machine learning to verify the wiring instructions
by Craig C. Rowe Oct 11
Lumber prices see stable week after falling to normal levels
Construction costs remain high. But one of the biggest headaches for builders — obtaining lumber at a steady price — may be normalizing
by Daniel Houston Oct 11
How to help buyers prepare for new construction realities of today
Helping a buyer prepare for the purchase and development of a new construction home is a nuanced task. Here's what you should know
by Santiago Arana Oct 11
What do fast-cooling markets have in common? These 5 offer a hint
In some of the nation's most quickly slowing housing markets, the number of new listings is twice the number of recent sales, according to an analysis by SmartAsset
by Daniel Houston Oct 10
Pacaso homes: What is it and how does it work?
Pacaso has emerged as a leading second-home platform in the real estate co-ownership market. Here’s how real estate agents can earn more by selling one-eighth shares in any market
by Taylor Anderson Oct 10
Homebuyers show signs of pulling back as mortgage rates move again
Tour requests to Redfin agents fell 7% and mortgage applications declined 13% during the week ending Oct. 1. 'Mortgage rates well over 6% are spooking homebuyers,' Redfin says
by Ben Verde Oct 7
Real estate jobs hold strong even as sales slip, summer ends
Real estate hiring bucked seasonal expectations for September, reflecting steady payrolls despite a weakening sales environment, according to new data from the US Bureau of Labor Statistics
by Daniel Houston Oct 7
Not just a coastal thing: 7 inland cities most altered by remote work
Some cities have seen work-from-home policies persist well beyond the pandemic's first year. See the places most transformed by remote work, according to the Economic Innovation Group
by Daniel Houston Oct 7
Zillow launches street-view home searching with Apple Maps
Homebuyers can now get a street-view look at listings, thanks to Zillow's newest integration with Apple Maps. Dubbed 'Look Around,' the feature is available in 19 markets
by Marian McPherson Oct 6
Redfin adds down payment assistance feature to website
Starting Thursday, homebuyers can scout down payment assistance programs on Redfin listings, thanks to the brokerage's new partnership with Down Payment Resource
by Marian McPherson Oct 6
The most advantageous time to buy a home is right now, new data shows
The housing market's summer rush may have lessened the impact of a deep drop in demand, according to new data from Attom. But what will happen in the historically slow months of fall?
by Daniel Houston Oct 5
Vishal Garg opens up about the rise and fall of Better.com
'To be absolutely blunt, I'd never managed more than 10 people in my life.' Better CEO talks to Insider after months out of the spotlight while the company struggled through market downturn
by Taylor Anderson Oct 4
Homebuyers, lenders increasingly wise to flood risk: Zillow
Mortgage applications were more likely to be denied by lenders or withdrawn by homebuyers in census tracts where a higher share of buildings was at risk of future flooding
by Daniel Houston Oct 4
Nester unites nerds and contractors, lifts curtain on housing costs
The startup company's model is yet another great example of how real estate market and consumer services data can coalesce to improve how buyers and sellers respond to the market
by Craig C. Rowe Oct 3
In 3 months, spending on new home construction fell by 9%
August numbers show spending on new single-family homes dropped to a seasonally adjusted annual rate of $436B, a 2.9% fall from July, according to US Census Bureau data released Monday
by Daniel Houston Oct 3
Massachusetts broker gets 2.5 years for $1.8M homebuyer scheme
Former Massachusetts broker Michael Flavin will serve 30 months in federal prison for convincing buyers to give him deposits for homes that were not for sale
by Marian McPherson Oct 3
'Don't wait until the plane crashes': Lawyers offer grim antitrust update
Chris Osborn, Mitch Skinner and Claude Szyfer offered an update on multiple industry antitrust lawsuits at the Council of Multiple Listing Services' annual conference
by Andrea V. Brambila Sep 30
Too big an ask? Homesellers struggle to find the right comps
The home that sold down the street a few weeks ago might not be a good guide for how to price yours, according to new data from Redfin
by Daniel Houston Sep 30
Knock on wood: Cost of lumber drops back to pre-pandemic levels
Lumber futures have fallen back to where they were before the pandemic ignited a boom in housing and stretched supply chains to the limit, according to data compiled by Nasdaq
by Daniel Houston Sep 30
Mortgage rates haven't been this chaotic since Black Monday: Study
A buyer looking at $500,000 houses in July would have seen their potential monthly payment fall by $177 in August, then rise by $328 since, according to a new analysis by Redfin
by Daniel Houston Sep 29
Sundae rolls out set price buying tool for investors
Online property marketplace, geared toward buyers selling properties as-is, launches Purchase Direct, which lets investors see the set price of a home and move straight to making an offer
by Taylor Anderson Sep 29
Home affordability stabilizes, but remains tough nearly everywhere
It's still expensive to buy a home in nearly every part of the country. But for most buyers since the start of July, things didn't get worse, new data shows
by Daniel Houston Sep 28
Markets in the Midwest, East Coast are weathering headwinds the best
New Redfin report finds markets in the Midwest and East Coast are weathering the market slowdown better than anywhere else. Chicago, Milwaukee and Albany, New York, top the list.
by Taylor Anderson Sep 27
With rent high and sales slow, more owners are becoming landlords
The slowdown in home sales, paired with the meteoric rise in rent, has more homeowners looking to become landlords rather than sell their homes in this market
by Taylor Anderson Sep 27
The pandemic-era home price boom has ended — and now we know when
Two major estimates of home prices now concur: The uninterrupted string of monthly increases came to an end this July, according to new data released Tuesday from CoreLogic and the FHFA
by Daniel Houston Sep 27
Agent Outlook: Life events will still drive home sales, you can hang your hat on it
Opinion
The market may be slowing in some areas, but it will not come to a complete halt. Eric Forney of Livian shares this week's market insights and says that life events will keep consumers buying
by Eric Forney Sep 26
A new normal, or a ‘new weird’? Home prices climb despite 6% rates
As mortgage rates rose in recent weeks, so did home prices and purchase-loan applications. It's a strange time, a Redfin economist says
by Daniel Houston Sep 22
How Realtors can guide clients to a transparent buying process
Companies seeking to use technology to add transparency and reduce friction in the homebuying process are particularly useful now, experts said during an Inman Connect Now virtual event
by Taylor Anderson Sep 22
In a downturn, real estate agents should market with future in mind
Agents who lean into this down market stand to gain market share that could benefit them for years, real estate executives argued Thursday at the Inman Connect Now virtual event
by Daniel Houston Sep 22
Help your buyers decide whether or not to waive the appraisal contingency
When it comes to appraisals there are plenty of opinions to go around. Understanding the pros and cons of contract contingencies is essential for you and your client
by Bill Gassett Sep 22
Adiós America! Far Homes' $2.25M seed funding helps buy abroad
'Their business will benefit their customers, colleagues and communities, not just themselves and their other shareholders,' said Redfin CEO Glenn Kelman
by Craig C. Rowe Sep 21
Don't expect mortgage rate relief in 2023, Fannie Mae warns in forecast
Even though the economy is probably headed for a recession next year, the Fed is seen as having a ways to go before inflation is under control
by Matt Carter Sep 21
This is the 'fastest-slowing' housing market in the US, new data shows
The slowdown in housing has been 'fastest slowing' on the West Coast, where prices in some markets have already fallen by 2 percent since July, according to a new analysis by Redfin
by Daniel Houston Sep 21
The benefits of the 'Great Housing Boom' will ring out for years to come
Opinion
The entire country experienced a housing boom that set off a neighborhood infrastructure metamorphosis. Even with the housing market flipped upside down, the benefits are boundless
by Brad Inman Sep 21
Pacaso co-founders: 'We're in the early days of exciting new category'
Pacaso CEO Austin Allison and Board Chairman Spencer Rascoff spoke to Inman about the emergence of a game-changing second-home model on the eve of its launch into a new market
by Craig C. Rowe Sep 20
The market is shifting. Here's how you can still find deals as an investor
Following the herd and conventional wisdom never got real estate investors anywhere. Try these tactics to score great deals on investment properties
by G. Brian Davis Sep 20
Zillow's US home-value estimate drops for 2nd consecutive month
Zillow has lowered its assessment of home values nationwide as the market continues to muddle through an ongoing slowdown in real estate
by Daniel Houston Sep 19
Competition between top mortgage lenders for homebuyers heats up
Rocket Mortgage rolls out 'Inflation Buster' mortgage, which provides a lower rate for 1 year, as it battles rival United Wholesale Mortgage for homebuyer market share
by Matt Carter Sep 16
Fed finds grim outlook for housing in latest Beige Book
The housing market remains stilted by high mortgage rates with hopes for a turnaround dim, according to the Federal Reserve
by Ben Verde Sep 16
Ribbon back in expansion mode with push into Illinois and Michigan
Less than 2 months after layoffs, the power buyer is now in 17 states and says it's still on track to meet a goal of being operational in half of the US by the end of the year
by Matt Carter Sep 15
Swanepoel says this company is still ‘the 800-pound gorilla’ in real estate
Several newer brokerages have made big strides. But real estate executive Stefan Swanepoel says one established juggernaut still looms large: The holding company formerly known as Realogy
by Daniel Houston Sep 15
Discover what contingent and pending mean in real estate and learn about different listing statuses and other questions surrounding the purchase of homes
RealScout launches 19th Buyer Graph in Southwest Florida
14 brokerages have partnered to launch the Southwest Florida Buyer Graph, which hosts real-time anonymized buyer data and habits and climate risk data
by Marian McPherson Sep 15
These 3 US states have the most vulnerable housing markets by far
Three states alone accounted for 33 of the 50 markets most vulnerable to a housing downturn in the second quarter, while the South and Midwest remained stable, according to data from Attom
by Taylor Anderson Sep 15
This is the best time for homebuyers' agents to lock in a deal this fall
Realtor.com's 'Best Time to Buy' report revealed Sept. 25 to Oct. 1 is the best time for buyers to seize early-season savings as rising mortgage rates and booming inflation clobber demand
by Marian McPherson Sep 14
Mortgage rates pass 6% as demand for loans continues dramatic fall
Purchase loan applications fell 29% from the same period last year, the result of rising rates that are double their levels from 2021, according to the Mortgage Bankers Association’s weekly index
by Daniel Houston Sep 14
Keller Williams releases updated homebuying guidebook
'Your First Home' is designed to be a guide for new real estate consumers. The book is now in its second edition and includes updated information on an array of timely topics
by Jim Dalrymple II Sep 13
Housing inflation isn't slowing yet. And it may prove tough to tame
The slowing housing market has yet to significantly reduce costs for most Americans. But economists believe more rate hikes may be on the way
by Daniel Houston Sep 13
After Redfin offered flood-risk tool, buyers took heed
A new study suggests that buyers who viewed homes in high-risk flood areas ended up turning to higher ground with their eventual offers when presented with the brokerage’s flooding data
by Daniel Houston Sep 12
Homebuyer education, counseling no panacea for mortgage default
Women and adults under 30 did see improvements to their credit scores in pioneering a randomized study of 5,854 prospective first-time homebuyers
by Matt Carter Sep 9
America's newest houses face a heightened risk of wildfire
More than half of the homes built since the start of 2020 are at an elevated risk of wildfire. Redfin's research team takes a look
by Daniel Houston Sep 9
Tables turn as market conditions begin to favor buyers, survey says
Fannie Mae's National Housing Survey suffered its sixth-straight month of declines — and the lowest reading in a decade — as market conditions pushed buyers and sellers to the sidelines
by Marian McPherson Sep 8
Against the odds, some buyers are returning to newly built homes
Homebuilders are reporting shorter construction timelines and fewer supply-chain issues as they deal with a drop in demand for new houses, according to a new survey of homebuilders
by Daniel Houston Sep 8
Back by popular demand, Zillow relaunches 'hide home' tool
Zillow has released a new tool to declutter the consumer search experience, a 'hide home' feature that shrouds already eliminated options
by Craig C. Rowe Sep 7
US home equity has reached new heights. What happens next?
Gains in household real estate equity have far outpaced growth in US mortgage debt, according to new numbers from the Federal Reserve board
by Daniel Houston Sep 6
Is it cheaper for me to rent or buy in today’s market?
Give your buyers the information they need to stay motivated to buy against rising prices, rents and rates. Homeownership is still key
by Bernice Ross Sep 6
WATCH: If marketing properties is your thing, this is your time to shine
A rebalancing market can be painful for agents. But it also presents opportunities for them to show off their marketing prowess, C-suite executives said last month at Luxury Connect
by Daniel Houston Sep 2
Here's how Redfin's Glenn Kelman became a reality TV star
Kelman and other real estate 'tycoons' star in a 'Shark Tank'-inspired competition called 'Buy My House.' The show debuts Friday on Netflix
by Jim Dalrymple II Sep 2
Sellers’ strike? New listings fell in August as active listings increased
Inventory rose due to a steep drop in homebuyer demand and homes that are spending more time on market while sellers pulled back on listing new properties, according to Realtor.com data
by Taylor Anderson Sep 1
Spending on construction dipped in July amid market slowdown
Spending on construction in the US has been growing for years, but amid rising rates and a stalling market that trend appears to be coming to an end
by Jim Dalrymple II Sep 1
Home sales have so much further to fall in 2023, Goldman Sachs says
House purchases are expected to plummet further in the closing months of the year, and the recovery may not pick up speed until 2024, according to a new forecast from the investment bank
by Daniel Houston Sep 1
Buyers are leaning on contingencies to bail out of deals, Redfin CEO says
During his latest appearance on CNBC, Redfin CEO Glenn Kelman shared how buyers and sellers are locked in a battle of the wills as the market slowly shifts in buyers' favor
by Marian McPherson Sep 1
Court tosses Zillow FSBO antitrust and false advertising lawsuit
Picket Fence Preview alleged that Zillow 'hijacked inquiries from deceived buyers' for its agent advertisers, but the court said the plaintiff failed to allege harm to consumers or competition
Realtor.com's Move takes a stake in lender matching service Own Up
The partnership was announced along with a $25M funding round led by Brand Foundry Ventures, with participation by Move and existing investors Link Ventures and Listen Ventures
by Matt Carter Aug 31
MLS-listed homes sell for more, a new study claims. But there's 1 twist
Critics raise issues over conclusion that listing homes on the MLS is what caused higher sales prices and faster transactions, especially if NAR rules mean MLSs have a thumb on the scale
by Andrea V. Brambila Aug 31
Two-thirds of pandemic 'boomerang kids' still live at home
More than 2 years after moving in with parents, many millennials and Gen Zers have yet to leave, a new report says. Those still in the coop use their time to pay down debt and save for homeownership
by Marian McPherson Aug 30
The deadline to take Better.com public has been extended again
Better still searches for options to remain a private company as the deadline to become a publicly traded company was pushed to March 8, according to a filing with the SEC
by Taylor Anderson Aug 29
Gary Keller has a theory about what a successful agent’s day looks like
Real estate agents don't have to be on edge all the time to be top performers — as long as they nail this part of the day, Gary Keller said Wednesday at Keller Williams' Mega Camp event
by Daniel Houston Aug 25
Gary Keller nudges agents to keep slowdown in perspective
The founder of Keller Williams reminds agents that it's still a seller's market and stresses lead generation amid the ongoing slowdown
by Daniel Houston Aug 23
Clever teams with Total Expert to land more lenders and homebuyers
Clever's integration of Total Expert's CRM and customer engagement platform could help the company drum up homebuyers who aren't already working with real estate agents
by Matt Carter Aug 23
WATCH: Like it or not, the blockchain is coming to real estate
At Inman Connect Las Vegas earlier this month, executives behind the blockchain company Consortia discussed ways the business of buying and selling real estate could change overnight
by Daniel Houston Aug 23
Gary Keller: The current market is 'the most confusing I've ever seen'
At Keller Williams' annual Mega Camp conference, founder Gary Keller prepared agents for a rough 2023 as slowing home sales and other economic factors push everyone to the brink
by Marian McPherson Aug 23
Following 6-month slowdown, the home-sale boom may finally be over
Home sales were down 19% year over year in July, a sign the pandemic-era boom in housing demand may be in the rearview mirror, according to new data released Monday by Redfin
by Daniel Houston Aug 22
After a decade of uninterrupted rise, Zestimates are dropping
'While July’s housing market data update is big news, and could get first-time buyers’ hopes up, the future is unlikely to bring meaningful improvement to housing affordability,' Zillow says
by Daniel Houston Aug 18
Better HoldCo partners with Palantir on mortgage marketplace
Better describes the Tinman Marketplace as 'the next evolution of Better's proprietary loan platform,' powered by Palantir’s Foundry operating system
by Matt Carter Aug 17
Chinese real estate crash sparks mortgage boycotts
In China, most recent buyers of new apartments took out mortgages before their buildings were finished. Now many are threatening to not pay
by Daniel Houston Aug 17
When will buyers quit canceling contracts? Not yet, apparently
More buyers have been backing out of deals than at any time since the early weeks of the pandemic. And in July, that share ticked up again, according to a new report from Redfin
by Daniel Houston Aug 16
New home starts fall sharply: 'The whole housing sector is in retreat'
The number of new construction projects for single-family homes dropped by 10% in July, the steepest decline of the year, according to the US Department of Housing and Urban Development
by Daniel Houston Aug 16
5 overlooked home markets poised to keep rising in value in 2023
A housing slowdown is underway throughout much of the country. But these 5 local markets may be positioned to weather the storm, according to new data from Moody's Analytics
by Daniel Houston Aug 15
Home offers facing competing bids have plunged over the past 6 months
Fewer homebuyers are facing even a single competing offer. And when buyers find themselves in bidding wars, the field is less crowded, according to a report from Redfin
by Daniel Houston Aug 12
Woman gets 87 properties thanks to a copy-and-paste mistake
A Nevada woman set out to buy a single-family home worth just under $600,000, but due to an error at the title company ended up with an entire subdivision, according to reports
by Jim Dalrymple II Aug 11
Home price growth is scaling back, but not everywhere at once: NAR
Single-family homes saw a double-digit annual rise in sale prices in 148 of 185 metro markets in Q2, but overall numbers point to a housing market in opening stages of a cooldown, report says
by Daniel Houston Aug 11
Loan applications for home purchases continue 6-week slip
Purchase loan activity has dropped in 5 of the last 6 weeks as some buyers remain wary, according to the Mortgage Bankers Association
by Daniel Houston Aug 11
Homeward sheds 20% of workforce amid 'sudden and sizable' downturn
Founder and CEO Tim Heyl told employees in a letter Wednesday that the slowing market had made a sizable dent in the company's 'buy with cash' product, according to a spokesperson
by Daniel Houston Aug 10
Housing ever costlier in July, despite inflation's sudden dropoff
A steep drop in gas prices offset the rising costs of housing and food for many families. Prices were still up 8.5% year over year, says a report from the US Bureau of Labor Statistics
by Daniel Houston Aug 10
More people than ever ask Google: ‘Will the housing market crash?'
Interest in the housing market has peaked on Google, with searches for whether a crash is imminent shooting up. The spike suggests homeowners are nervous about their market timing
by Daniel Houston Aug 10
Home inventory rose at record pace in July, despite fewer new listings
The long-awaited recovery in home inventory is in full swing. It's not being driven by a rise in new listings but by the ongoing slowdown in demand from buyers, according to Realtor.com
by Daniel Houston Aug 9
Affordable housing measures nixed from US climate bill
The bill contains several of Democrats' top legislative priorities. But several big affordable housing proposals missed the final cut
by Daniel Houston Aug 8
Fathom Holdings doubles revenue in Q2 as mortgage business struggles
The brokerage's revenue grew 52 percent annually in the second quarter, reaching $128.2 million, up from $84.2 million last year, according to an earnings on Thursday.
by Daniel Houston AND Ben Verde Aug 4
3 luxury agents share how to be 'damn good' anywhere
Peter Prudden, Dee Dee Guggenheim Howes and Neyshia Go share at Inman Luxury Connect, how they've built robust businesses in their respective markets by focusing on consumer needs
by Marian McPherson Aug 2
'We're in a market of opportunity': Luxury execs share ways to thrive
At Luxury Connect, Sotheby's International Realty CMO Brad Nelson, Engel & Volkers CEO Anthony Hitt and Douglas Elliman CEO Scott Durkin share advice on wielding a market shift
by Marian McPherson Aug 2
Home sales should be falling, but not this fast. Here are 3 things to watch
Homebuying power has been in decline but the market fundamentals remain as strong as they were in 2019. Here is some advice from First American Chief Economist Mark Fleming
by Daniel Houston Aug 2
Homebuyers sue REX after losing $140K in wire fraud scam
The complaint alleges negligence and breach of fiduciary duty after an unknown third party impersonated the brokerage's title company and sent the buyers fraudulent wiring instructions
The top 10 most affordable American cities to retire to in 2022
Despite significant roadblocks, there are still plenty of places you can retire affordably and satisfyingly across the country. Here's the list compiled by a new report from Realtor.com
by Ben Verde Aug 1
Fannie Mae brings in net income of $4.7B in Q2
Like its sister company, Freddie, Fannie Mae remained profitable in Q2 despite pressure from inflation, rising interest rates and worsening affordability, according to earnings released Friday
by Marian McPherson Jul 29
Rate Drop Advantage program offers homebuyers a break on refis
If rates come down in the next 3 years, Rocket Mortgage's program will cover some refinancing costs including first appraisal, credit report, tax certification, and mortgage recording fee
by Matt Carter Jul 27
Commission study paid for by HomeServices comes under fire
The study argues that decoupling commissions would harm first-time, low-income, and minority buyers, but critics like the Consumer Federation of America say it's based on a faulty premise
by Andrea V. Brambila Jul 27
The 10 housing markets primed to pop during a recession
Florida and California are most at risk of experiencing a housing downturn during a recession, according to Redfin. Both states saw exorbitant growth during the pandemic-fueled buying rush
by Marian McPherson Jul 27
Home price growth reached point of sustained slowdown in May
Mortgage rates began to take a toll on price growth as early as this spring. But prices remained more resilient than other market indicators, according to the S&P Corelogic Case-Shiller Index
by Daniel Houston Jul 26
Cheat Sheet: 9 essential real estate reads you need right now
Opinion
Short on time for reading? Check out this cheat sheet for the best real estate reads for your business and get inspired in a flash
by Jimmy Burgess Jul 26
After discrimination reveal, LIBOR to tackle fair housing on Long Island
The Realtor organization's new campaign comes after a sweeping investigation in which journalists found endemic discrimination among Long Island's real estate community
by Jim Dalrymple II Jul 25
Seller's market? Buyer's market? The pendulum is swinging
Homes are still selling, but the ongoing market shift is giving homebuyers more and more leverage everyday, agents and economists told Inman this week
by Jim Dalrymple II Jul 22
5 neighborhoods at once? Zillow rolls out new app feature
Homebuyers can now use the app to narrow their searches to specific neighborhoods, ZIP codes, cities, counties or entire states. It also notifies users of new properties meeting their criteria
by Daniel Houston Jul 21
@properties CEO Thad Wong says he’s ‘looking forward to a downturn’
Ahead of Inman Connect Las Vegas, the leader of the Chicago-based brokerage said he's better positioned than Redfin and Compass to grow into a changing market
by Taylor Anderson Jul 21
Vanguard Properties promotes industry leader to executive role
Nina Dosanjh has worked in real estate for 12 years. She acts as treasurer for the San Francisco Association of Realtors and was named among Inman's Real Estate Influencers of 2017
by Taylor Anderson Jul 20
The international buyer pool dropped to a new low last year
Foreign buyers, either noncitizens living in the US or those with permanent homes outside the country, scooped up 98,600 existing homes between April 2021 and March 2022, NAR reports
by Taylor Anderson Jul 20
Half of Redfin home offers now face no competing bids, new report says
In the month of June, just under 50% of home offers written by its agents faced competition on a seasonally-adjusted basis, the lowest rate in over 2 years, the brokerage reported Wednesday
by Daniel Houston Jul 20
Inflation is hitting migration hotspots hardest, new study says
Q2 Consumer price growth exceeded 10% year over year in Phoenix, Atlanta, Miami and Tampa — each of which had among the nation’s strongest net inflow of interest in moving
by Daniel Houston Jul 19
As buyers balk, some homebuilders dread the months to come
Builder sentiment dropped at the second-fastest pace of the last two decades as construction companies began cutting costs, according to the National Association of Home Builders
by Daniel Houston Jul 19
New search engine helps buyers span digital divide in rural areas
Broadband service remains a challenge for large swaths of America. Rural internet service is a key part of the Biden administration's $1.2T infrastructure bill, in which it was allotted $65B
by Craig C. Rowe Jul 18
Relying on optimism to get you through? 5 critical steps to take instead
Opinion
In an overheated seller’s market, it does not take a rocket scientist to sell a home. However, as the market turns, the need for real skill emerges
by Carl Medford Jul 18
Record number of buyers looking to relocate to 'affordable' areas
A record-high number of homebuyers are prioritizing affordability as high home prices and mortgage rates limit their ability to buy homes
by Ben Verde Jul 18
Why super long mortgages won't be a thing, and why that's good news
Longer loans, including a 50-year concept recently floated in the UK, are sometimes framed as a way to improve housing affordability. But the experts aren't convinced
by Jim Dalrymple II Jul 15
The long-awaited recovery in home inventory is gaining steam
The fast-paced cycle of the typical US home sale has begun to slow, paving the way for a recovery of the nation's depleted home inventory
by Daniel Houston Jul 15
Are sellers aiming too high? Price cuts abound throughout the US
More sellers dropped their asking prices in June almost everywhere in the US. In some places, more than half of homes for sale saw a cut
by Daniel Houston Jul 14
Housing costs eyed as major culprit in latest 9.1% inflation hike
Housing costs were one of the biggest drivers of inflation in June, pushing higher at a pace unseen since 1990, according to a report Wednesday from the Bureau of Labor Statistics
by Daniel Houston Jul 13
HomeJab unveils new way to market properties — on the blockchain
The photo and video service company now helps agents market properties directly to crypto enthusiasts. Agents can request a free, real-estate-backed NFT, the company announced
by Daniel Houston Jul 12
Interest rate hikes keep Miami the least affordable city in the nation
Buyers would have to spend 86% of their income to afford the $600,000 median home price, according to new research released Monday from RealtyHop
by Taylor Anderson Jul 12
Douglas Elliman starts homebuyer personal assistant platform
The complimentary platform 'Elliman Showroom' will combine the services of a personal assistant with a dashboard of recommended vendors to help clients with the move-in process
by Lillian Dickerson Jul 12
Mike DelPrete: In cooling market, agents are in for a 'dogfight'
Real estate tech expert Mike DelPrete will share what companies are doing to emerge victorious amid uncertainty at Inman Connect Las Vegas next month
by Andrea V. Brambila Jul 12
Does a jump in demand fully explain the pandemic housing market?
A new report from the US Federal Reserve suggests it was spiking demand — not a lack of homes for sale — that sent prices skyrocketing over the past 2 years
by Jim Dalrymple II Jul 12
Homebuyers are canceling deals at highest rate since start of COVID
About 60,000 home-purchase agreements were canceled in June 2022, or about 14.9% of all homes that went under contract throughout the month, according to a new report from Redfin
by Lillian Dickerson Jul 11
What to do when a customer calls about a home that is sold
Opinion
For too many agents, a call after the listing is sold is ignored. Instead, make it an opportunity and a springboard for adding value
by Tom Toole Jul 11
Everything you need to know about the bombshell commission lawsuits
A slew of lawsuits may radically change how agents get paid and real estate generally. Here's Inman's deep dive into what's going on and what it all means
by Jim Dalrymple II Jul 9
Matterport continues its expansion by acquiring VHT Studios
Company says purchase will help it ‘expand further into the real estate industry,’ as it specializes in providing brokers and agents with high-quality photography and other marketing services
by Taylor Anderson Jul 8
More than half of homebuilders report cancellation uptick in June
In parts of the country, buyers are backing out of contracts for new homes at rates not seen since the shock of the pandemic first set in during March of 2020
by Daniel Houston Jul 8
New York's priciest listing, once asking $169M, returns to market
The Alexander Team takes over after SERHANT. listed the 8,255-square-foot penthouse last year. Now, the Alexander Team is in search of a 'true collector' to determine the value of the home
by Taylor Anderson Jul 8
More than 700 agent steering calls suggest price-fixing, lawyers charge
In new court filings in the Moehrl case, lawyers singled out hundreds of phone calls — far more than previously reported — in which agents steered business away from discount brokerage REX
June jobs report reveals impact of layoffs on real estate industry
Fears of impending recession and a spate of prominent layoff announcements put only a moderate damper on real estate hiring last month, according to the US Bureau of Labor Statistics
by Daniel Houston Jul 8
Is your 2022 business plan holding up? Time for a reboot
Opinion
Many agents are taking a beat to rethink their business plans they wrote at the beginning of 2022. Is your plan ready to shift with the market?
by B. J. Sonderman Jul 8
Better hires new head of sales and VP of marketing
The company continues its quest to go public despite turmoil in the market. New executives are a mix of recent hires and internal promotions
by Taylor Anderson Jul 7
What happens to buyers' agents if the bombshell lawsuit explodes?
Multiple lawsuits are challenging the way agents get paid. Inman asked experts what that means, and how the future of real estate might evolve as a result of changes to the commission structure
by Jim Dalrymple II Jul 7
Anywhere COO Melissa McSherry: We're sure of our place in real estate
Anywhere Chief Operating Officer Melissa McSherry dished on the Realogy rebrand and her plans to revolutionize real estate through technology ahead of Inman Connect Las Vegas
by Marian McPherson Jul 6
Frustrated with inventory? 5 tips for getting creative
Opinion
Many agents are frustrated with low inventory on both sides of the transaction. Try these strategies to create inventory for your clients and find a pathway to under contract
by Julie Busby Jul 6
Natural disasters pose growing risk to vacation-homebuyers
The vast majority of recently purchased vacation homes are exposed to risk from storms and heat. Floods are an increasing concern
by Daniel Houston Jul 5
'Radical' and 'doomed': The case against the 'bombshell' Moehrl suit
The real estate establishment's latest salvo against the so-called 'bombshell' buyers' agent case is a sprawling, 3,000-page argument against granting class-action status in the Moehrl federal suit
It’s up to us to keep the American dream alive and well
Opinion
To keep the American experiment vital and vibrant, we need buy-in from folks who are getting overlooked in the current market
by Troy Palmquist Jul 2
Wary sellers back off asking prices in June housing slowdown
The typical asking price for a home on the market took a modest downward turn in late May and early June, a sign of a softening market
by Daniel Houston Jul 1
Tim Heyl lays out the 3 key issues Power Buyers should focus on today
Power buyers became synonymous with cash offers during the first 2 years of the COVID housing market. Homeward's CEO shares what's next for the sector ahead of Inman Connect Las Vegas
by Taylor Anderson Jul 1
Making $67K? That's no longer enough to buy the typical US home
Q2 of 2022 saw the affordability of the typical home purchase erode at the fastest pace in at least 2 decades. Median home purchases would have taken up 31.5% of average annualized wage
by Daniel Houston Jun 30
Remote work's impact on real estate will linger — possibly forever
The CEO of IBM, which employs hundreds of thousands of people, recently described remote work as 'the new normal.' And that translates to permanent changes to the housing market
by Jim Dalrymple II Jun 30
Will the Fed kill crypto? Real estate agents plot future of blockchain
Ahead of Inman Connect Las Vegas, Teresa Grobecker and Kevin Cottrell of Real Estate Consortia discuss efforts to standardize the blockchain's role in home sales
by Daniel Houston Jun 29
When exactly was the turning point for home price growth?
At the year's outset, housing experts wondered when the market's rapid price growth might begin to slow. New data from S&P CoreLogic Case-Shiller Home Price Index provides fresh clues
by Daniel Houston Jun 28
House payments have skyrocketed. Are they finally beginning to peak?
Mortgage payments are as high as it's been in recent memory. But a sudden slowdown in growth may spell a turning point for the market
by Daniel Houston Jun 24
Discrimination stops 40% of trans buyers from buying dream home
Realtor.com and the LGBTQ Real Estate Alliance's latest joint survey reveals how discrimination stops transgender and non-binary buyers from finding safe, secure communities
by Marian McPherson Jun 23
Agents: Beware the pessimists predicting crash as market shifts
Real estate agents can keep clients informed about a changing market without buying into doomsday proclamations, 3 top brokers argued on Thursday at Inman Connect Now
by Daniel Houston Jun 23
3 CEOs share their tips on tackling affordability: 'It's a time to fight'
Homeward CEO Tim Heyl, Divvy CEO Adena Hefets and Flyhomes CEO Tushar Garg dished on how the market shift has impacted Power Buyers at Inman Connect Now on Thursday
by Marian McPherson Jun 23
What other agents are highlighting (and hiding) in listing photos
Using fancy computer techniques, researchers analyzed more than 14,000 photos of homes for sale. From bedrooms to decks, here are the most popular features
by Daniel Houston Jun 22
Gen Z flunks homeownership test — but other age groups not far behind
Fewer members of Generation Z said they were 'handy' than older groups did in a recent poll, with Generation X tallying the highest scores in a survey of 1,049 people conducted by CraftJack
by Daniel Houston Jun 22
Home affordability hits 15-year low, passing 'inflection point' for buyers
An increasingly unaffordable home market is affecting homebuyer decisions and altering forecasts for price growth in the months to come, according to a new forecast by Zillow
by Daniel Houston Jun 21
Cash buyers have upper hand as mortgage rates rise
Opinion
Although there is still an inventory shortage, cash buyers can use this time to enjoy a wider selection of homes than buyers who are taking out a loan
by Bonnie Heatzig Jun 21
The seller's iron grip loosens as bidding wars ease, price cuts rise
The slowing demand for homes is affecting the balance of power between buyers and sellers, according to 2 new reports from Redfin
by Daniel Houston Jun 17
Americans know more about Kim Kardashian than homebuying
Nearly 90% of Americans know how many children Kim Kardashian has, but fewer than 33% know how to get pre-approved for a mortgage, according to a new survey from Zillow
by Marian McPherson Jun 17
Homebuyers 'need a bit of a reset,' Fed chair Jerome Powell declares
Jerome Powell on Wednesday acknowledged the tough situation buyers now find themselves in, adding that 'We need to get back to a place where supply and demand are back together'
by Jim Dalrymple II Jun 16
Could mortgage rates fall? Agents react to biggest rate hike in 28 years
Reaction to rate hike was mixed on Wednesday as real estate agents noted what they saw as a clear signs of a ‘transitioning market.' Economists say mortgage rates could actually dip
by Taylor Anderson Jun 16
Newlywed Britney Spears secures $11.8M California mansion
Shortly after Spears' wedding last week with actor Sam Asghari, the pop icon's car was seen parked with moving trucks at a recently sold mansion outside LA
by Daniel Houston Jun 15
Rise, fall, repeat: The biggest housing surprises of 2022  (so far)
Heading into 2022, forecasters at Realtor.com set expectations for where the home market would go. Halfway in, they're taking a second look
by Daniel Houston Jun 15
Moliving's nomadic hotel concept to pop up 1st site in NY's Hudson Valley
Out to 'democratize the hotel industry,' new modular home manufacturer aims to turn landowners into sustainable hoteliers in weeks, not years
by Craig C. Rowe Jun 14
StreetEasy adds ShowingTime tour scheduling feature
Starting this month, StreetEasy users will have free access to ShowingTime's tour scheduling platform. The platforms will also provide training sessions for agents and brokerage partners on best practices
by Marian McPherson Jun 14
Don't blame investors for run-up in home prices, Freddie Mac says
Researchers at the mortgage giant point to 4 things that drove the meteoric rise in home prices over the past few years. Investors weren't one of them
by Taylor Anderson Jun 13
Buyers of new homes spend double on 1st-year improvements: Analysis
Hidden costs loom large for buyers in the first year of homeownership, and, surprisingly, that can be even more true with a new build, according to the National Association of Homebuilders
by Daniel Houston Jun 13
How to execute on giving your team what they need to grow
Opinion
Can your team thrive with their current support system? Strong leaders know that agents need tech and tools that work to achieve measurable growth
by Mauricio Umansky Jun 13
6 steps to increase diversity in both your office and business plan
Opinion
Studies show that businesses that embrace diversity are more successful than their competitors. Team leaders should reevaluate their workplace and business plan for growth for today's modern consumer
With Zillow out of the picture, share of iBuyer purchases takes a hit
The share of homeowners who sold to an iBuyer declined in the opening months of 2022, as Zillow continued its exit from the business
by Daniel Houston Jun 13
‘Call, text, email and hope to still get drinks’: How agents connect in 2022
A plethora of communication options for agents exist, but real estate agents told Inman email is still the best option for managing transactions and covering your tail if trouble comes calling
by Marian McPherson Jun 10
5 gentle prospecting ideas for your team 
Soft skills can help maintain "good vibes" and stave away dated sales scripts that deter clients. These gentle prospecting tips can help you and your team sell homes with heart over hustle
by Darryl Davis Jun 9
Sales declines, price drops and the return of buyer incentives: Oh my!
It’s getting hairy out there for homebuilders as construction leaders report that buyers are losing interest in pricy new properties now that mortgage rates have climbed, according to a new survey
Move acquires real estate agent marketplace UpNest
Move has acquired real estate agent marketplace UpNest for an undisclosed amount. UpNest will be used to bolster Realtor.com's buyer and seller services, the company said
by Marian McPherson Jun 8
How are the schools? Three alternative rating sites to help your clients research their options
Opinion
Taking a broader view of school ratings and the methodologies they use to arrive at their conclusions can elevate thousands of schools nationwide that are unfairly underrated by today’s dominant system
by Tom Brown Jun 8
What are the odds of a housing bubble? 114 experts weigh in
More than 100 housing experts surveyed by Zillow generally agreed that housing prices won't face a big downturn. But a mild recession may be in play later this year or in 2023, they believe
by Daniel Houston Jun 7
5 must-have qualities and skills for showing a home
Do you have what it takes to impress buyers while showing homes? These are the five qualities your clients are looking for
by Santiago Arana Jun 7
Real estate agents received billions in PPP loans during the pandemic
More than $3.9B in pandemic-relief loans went to single-employee real estate entities, according to a new report. Nearly 80% of that amount was forgiven
by Daniel Houston Jun 6
Half of homebuyers cry at least once while shopping for a home: Survey
50% of people who bought a home over the past 2 years say the process brought them to tears, according to a new survey conducted by Zillow
by Ben Verde Jun 6
Amid market jolt, hiring continues in residential development sector
Employers added 16,700 residential construction jobs in May on a seasonally adjusted basis, nearly doubling the national rate of job growth, according to new Department of Labor figures
by Daniel Houston Jun 3
Zombie foreclosures post 1st increase since moratorium's end
The number of vacant properties going through the foreclosure process is up once again to just over 7,500 in Q2, according to Attom Data Solutions, even as fewer total properties lie vacant
by Daniel Houston Jun 1
Lumber prices sawed in half in 2nd pandemic-era plunge
The price of lumber has taken another dramatic downturn, just the latest wild swing for builders in the cost of home construction
by Daniel Houston May 31
Sellers are reducing asking prices. But don’t expect house prices to drop, economist says
Affordability challenges mean some sellers are reducing asking prices, but demand for homes continues to outpace supply, says First American Chief Economist Mark Fleming
by Matt Carter May 27
'Sellers are starting to freak out:' Redfin CEO sees market slowdown
During his latest CNBC appearance, Redfin CEO Glenn Kelman said rising mortgage rates, softening home price growth and changing buyer attitudes are all signs of an impending shift
by Marian McPherson May 27
Love connection: Homebuyer match app expands into 2nd market
LandOnEarth, an app that matches homebuyers with listings based on their lifestyle preferences, aims to match buyers with their dream home faster
by Daniel Houston May 25
Ribbon, Crye-Leike partner to launch Power Buyer services in Arkansas
A leading independent real estate brokerage Crye-Leike, was Ribbon's partner in launching Power Buyer services in Alabama in December. Ribbon's goal to serve half of U.S. by year's end
by Matt Carter May 23
Skyrocketing home prices diminish rental returns: Report
The report found that three-quarters of counties where median home prices exceeded $250,000 saw declines in rental yields
by Ben Verde May 20
Buyers are still fighting hard, despite costly home payments
The monthly mortgage payment on a typical home is more than 50% pricier than it would have been a year ago, according to Zillow's research team, yet competition remains fierce
by Daniel Houston May 19
What's next after housing cools down? This economist has an idea
Mortgage rates are up, and demand for homes is edging down. Redfin Chief Economist Daryl Fairweather laid out a possible scenario of what the months ahead might look like at Connect
by Daniel Houston May 19
Go Brent Realty launches homeowner matchmaking database
The online database is free for homeowners located in the Washington, D.C., metro area, and homeowners can opt to provide as much or as little personal information to Go Brent as they like
by Lillian Dickerson May 18
Homebuyers descend upon a key battleground: the suburbs
The pandemic-era home market has been marked by frenzied competition among buyers. But one arena in particular has been hardest-fought
by Daniel Houston May 18
Competition declines for second straight month, report finds
Just 60.7% of home offers crafted by Redfin agents encountered competition in April — the lowest level since March 2021
by Ben Verde May 18
Pacaso responds to backlash with first-ever economic impact report
Almost a year after streamlining its buy box to avoid median-priced homes, co-ownership platform Pacaso claims it has had a net positive impact on the destinations it operates in
by Marian McPherson May 18
Power Buyer Orchard now serving first-time homebuyers
After piloting cash-offer product in Texas and Colorado, company plans to offer Buy With Orchard in all of its markets in the months ahead
by Matt Carter May 17
Black homeownership hasn't slipped, but vast gulf persists
In the first quarter of 2022, just under 45% of Black families owned their home, compared to 74% of white families, according to a Redfin analysis of US Census Bureau data released Tuesday
by Daniel Houston May 17
Buyers got cold feet? 6 objection handlers to warm 'em up
Opinion
There is no question that rising interest rates have pushed us into a market shift. Here's how to have those all-important discussions with your buyer clients about timing, markets and budget
by Carl Medford May 17
Guild Mortgage rolls out cash offer program in 11 states, more to join
Guild's CashPass program is available for primary residences, second homes or investment properties, with down payments depending on occupancy
by Matt Carter May 16
First rule of housing bubbles? Don't talk about them, economist warns
Zillow Senior Economist Jeff Tucker is skeptical that a housing bubble is looming, but he worries such talk could hurt future buyers in need of homebuilders to continue producing new inventory
by Daniel Houston May 16
Polly integrated with all 6 primary mortgage insurers
Ability to retrieve quotes helps borrowers assess their options and streamlines the mortgage insurance process for lenders
by Matt Carter May 15
What Biden's student loan forgiveness means for real estate
After months of speculation, the Biden administration just announced that it will wipe out as much as $20,000 in individual student loan debt
by Jim Dalrymple II May 13
Redfin economist: The Fed can change its mind
Abrupt policy shift not expected, but Fed chair confirms that, 'If things come in better than we expect, then we’re prepared to do less'
by Matt Carter May 13
7 features the world's wealthiest homebuyers can't live without today
Luxury Portfolio International surveyed more than 4,600 high-income and high-net-worth individuals across more than 20 countries to find out what luxury buyers want now
by Lillian Dickerson May 13
Buyers now snapping up homes in 15 days despite latest wave of rate hikes
Rising mortgage rates, booming home prices and scant inventory are pushing homebuyers to quicken their plans, according to Redfin's latest market report, released Friday
by Marian McPherson May 13
'I'm with Anywhere': Agents await direction on where Realogy is going
Realogy rebranded as Anywhere on Thursday, surprising agents, industry leaders and branding experts, who were mostly upbeat about what the new name means for the company's trajectory
by Marian McPherson May 13
REX abandons antitrust case against Oregon rebate ban
Discount brokerage says it will focus on 'other issues that cause consumers to be overcharged every time they buy and sell a home'
by Andrea V. Brambila May 12
As hate crimes rose, 70% of Asian buyers moved to safer areas in 2020
Discrimination, mortgage readiness and affordability continue to be significant hurdles for Asian American and Pacific Islander communities, according to new report released Wednesday
by Marian McPherson May 12
Homeowner equity increased 3% during Q1
Nearly 45% of homes in the country were considered equity rich, up from 41.9% in the fourth quarter. But the rising values are creating barriers for first-time buyers
by Ben Verde May 11
Lumber prices seesaw lower, and some homebuilders aren't happy
The price of lumber took a big dip to start the week, just the latest unexpected shift in the cost of building a new home
by Daniel Houston May 11
Avoid buyer's remorse: Prepare your clients for the true cost of homeownership
Opinion
Buying a home is considered one of the most significant milestones of adult life, yet many homeowners are troubled by buyer’s remorse. Here's how to better prepare buyers for the costs of homeownership
by Luke Babich May 11
Don't wait, create! Help find hidden inventory for your buyers
Opinion
Inventory continues to be a challenge for all real estate agents, but you don’t have to wait passively for the market to provide inventory
by Tom Toole May 11
Tell us what real estate investment news you want Inman to cover
Inman’s Property Portfolio was created for small-time investors and property managers. What are you most interested in learning more about?
by Taylor Anderson May 10
Power buyer Homeward floats into Florida with Miami, Tampa launch
Texas-based power buyer Homeward launched in Florida on Tuesday. Buyers will be able to request cash offers and use the platform's mortgage and title services
by Marian McPherson May 10
Homebuyer sentiment hits another new record low
A record low 19 percent of Americans say it's a good time to buy a home, according to a monthly survey Fannie Mae's been conducting since 2010
by Matt Carter May 9
Death knell for disputed love letter ban as Oregon concedes court ruling
Oregon's ban on homebuyer love letters would be ruled unconstitutional if a judge accepts a deal the state has struck with the brokerage that filed suit against the ban last year
by Daniel Houston May 9
More sellers are dropping their prices, but buyers see little relief
15 percent of homesellers dropped their asking price during the four-week period ending May 1, compared to nine percent of sellers last year
by Ben Verde May 9
Real estate hiring keeps pace with strong US jobs growth
Real estate employers — a category that includes brokerages — added 6,100 jobs in April, a rate that matched national monthly jobs growth
by Daniel Houston May 6
Redfin takes in nearly $600M in Q1 revenue as market share grows
Revenue, market share, web users and homes sold by RedfinNow all rose. But the company reported a $90.8M net loss in a Q1 earnings call on Thursday
by Taylor Anderson May 5
This might be the most wonderful time of the year (for homesellers)
Sellers get the best premium on their homes when they sell in mid-to-late May. The late weeks of spring are more profitable than early ones, according to a new report from Attom Data Solutions
by Daniel Houston May 5
Roe v. Wade has been overturned. What does it mean for real estate?
The decision to overturn Roe v. Wade by a conservative majority in the court is expected to lead to bans in approximately half the states and could potentially lead to new migration trends
by Jim Dalrymple II May 4
Is now a good time to buy a home? Agents confront mortgage riddle
Buyers have watched mortgage rates shoot from 3% to 5% this year alone, and that common refrain — 'Is it really the best time to buy?' — is always top of mind for clients, agents told Inman
by Daniel Houston May 4
Shared equity platform Point to launch down payment product
With $115M in Series C funding, Point plans to be in 28 markets within a year
by Matt Carter May 3
Secondary markets drove home price growth in Q1: NAR
The National Association of Realtors' latest quarterly housing market report revealed buyers' search for cheaper housing led booming home price growth in Florida and other smaller markets
by Marian McPherson May 3
How homebuilders can take the sting out of supply chain woes
Opinion
The pandemic presented unprecedented challenges, and multifamily leaders had to adapt. Here are just some of the ways builders are softening the blow of supply chain issues
by Michael Zaransky May 3
Women lead the way in Asian-American homeownership growth
Women and millennials led the majority of Asian American and Pacific Islander homeownership growth in 2021, according to Realtor.com's latest housing study
by Marian McPherson May 2
Redfin settles 'digital redlining' discrimination case
Redfin has reached a settlement with the National Fair Housing Alliance in its discrimination case after nearly 2 years. The brokerage will pay $4M along with making several policy changes
by Marian McPherson May 2
Family, staff and hours: 7 sacrifices agents are making amid tough times
As they consider the uncertain future ahead, here's what real estate agents are giving up in their professional and personal lives
Most homebuyers ready to make an offer 3 days after showing: Survey
One-fifth of prospective homebuyers polled would also be willing to put in an offer immediately, according to Bank of America's annual Homebuyer Insights Report, released Thursday
by Matt Carter Apr 28
The US economy's run stalls, but real estate forges ahead
The nation's gross domestic product shrank in the first three months of 2022, overshadowing a strong period for residential investment
by Daniel Houston Apr 28
ClimateCheck now available on NAR's Realtors Property Resource
With the new partnership, NAR members can access climate-related hazard data for on and off-market properties. The data includes risks for drought, fire, storm, heat and flood damage
by Marian McPherson Apr 27
How much has the industry changed for LGBTQ agents? Not much
The LGBTQ+ Real Estate Alliance's latest member survey reveals the continued challenge discrimination poses, despite the increase in diversity and inclusion initiatives
by Marian McPherson Apr 26
Home prices soared 20% annually in February. Analysts say we've peaked
Prices grew at the third-fastest annual pace in 35 years, according to the US National Home Price Index, released Tuesday. Since then, experts have observed early signs of a cooling market
by Daniel Houston Apr 26
Bidding wars dip for first time in 2022 — but competition still fierce
New data from Redfin shows the market in March was slightly less brutal than one month prior
by Jim Dalrymple II Apr 25
Here's where short-term rental demand is surging, dropping
Occupancy rates dipped slightly in March, but it wasn’t for lack of demand. Travelers drove prices up over 10 percent year over year
by Taylor Anderson Apr 25
HUD to 'punish' appraisers and lenders who discriminate
Shortly after the Biden administration announced its plan to end housing discrimination, HUD Secretary Marcia Fudge said the department is taking a more hardline approach to enforcement
by Marian McPherson Apr 22
Zillow changes tune on 2023 home values and sales. Here's why
Zillow now expects home value growth to reach 14.9% through March 2023, down from its previous estimate of 16.5% growth. What's with the downgrade?
by Lillian Dickerson Apr 22
Can buying a home be as easy as pie? KW tapped Domino's engineer to see
KW President Marc King, Douglas Elliman CEO Scott Durkin and Rocket Mortgage EVP Christian Wallace discuss the barriers to creating a fully digital transaction at Inman Connect
by Marian McPherson Apr 20
Tomi Rose says being a good agent can include filling in for Uber
Top-performing agents share what it takes to succeed in real estate in 2022 during the second day of Inman Connect in New York
by Taylor Anderson Apr 20
4 predictions for what's coming next in real estate
Real estate leaders gathered Tuesday at Inman CEO Connect to discuss what kinds of changes might shape the next chapter in the housing business
by Jim Dalrymple II Apr 19
Former Zillow CEO Spencer Rascoff says CoStar is 'rooting for chaos'
The CEO-turned-proptech investor warns a government probe into cooperative compensation between agents could be a 'black swan' event that benefits CoStar
by Taylor Anderson Apr 19
Power Buyer Knock enters Seattle market, adds jumbo mortgages
To serve 5 new markets in Washington, Knock has partnered with local real estate brokerages, half of which are affiliated with Keller Williams
by Matt Carter Apr 19
Despite March’s home sale slump, prices grow at fastest clip since 2013
Nearly 4% fewer homes sold in March than did the month before, after accounting for seasonal factors. Prices rose by 6%, the largest monthly price increase since 2013
by Daniel Houston Apr 15
How to win a bidding war against a buyer who's paying all cash
Opinion
There are smart ways to overcome a cash offer for that apartment, condo or co-op your buyer really wants. Here's how to go about making your buyer's offer more competitive
Homie to expand Power Buyer program amid surge in demand
The expanded program and a new buy-before-you-sell offer will be unveiled in Colorado and Utah in the next 2 weeks, followed by Arizona, Nevada and Idaho, executives told Inman exclusively
by Taylor Anderson Apr 14
Property tax hikes slowed last year even as home sale prices soared
The average property tax bill rose by 1.8 percent in 2021. That's the lowest increase in years, despite record home price growth, according to a new report from Attom Data Solutions
by Daniel Houston Apr 14
Discrimination second only to high prices as biggest obstacle to buying
The National Association of Realtors latest consumer survey revealed affordability is the main thing plaguing homebuyers, followed by discrimination, mortgage access and agent performance
by Marian McPherson Apr 14
The iBuying lessons Jason Aleem is bringing to Redfin's sales team
After helping Redfin's iBuyer business navigate a period of change, Jason Aleem is now tasked with leading its sales team into the next era
by Daniel Houston Apr 13
Inflation hits 8.5%, highest mark since 1981. Housing is only part of it
Rents rose by 0.4% from February to March — a slowdown from recent months even as gas and food costs spiked, according to the latest Consumer Price Index released Tuesday
by Daniel Houston Apr 12
Homeowner support grows for mother-in-law units: Survey
Homeowners, long resistant to new apartments in their neighborhoods, are increasingly open to other ways of adding housing units, according to a new survey by Zillow
by Daniel Houston Apr 11
Clearing the cash-to-close hurdle in a single bound
Home affordability is an ever more elusive dream for many in today's market. Down payment assistance programs can be buyers' bridge to the reality of owning a home by overcoming the cash-to-close hurdle
Keller Williams Pres. Marc King has a plan for unproductive agents
Keller Williams President Marc King says the company has a TBA plan to help the 80% of agents who are underproducing level up — playing to the company's belief that the agent is always no. 1
by Marian McPherson Apr 11
As supply dwindled, nation's biggest brokerages gained market share
The biggest real estate brokerages and franchise networks made big gains in market share in 2021 and accounted for 61% of home sales, a new report reveals
by Daniel Houston Apr 7
Trulia's former president on what makes a 'world-changing' company
Ahead of Inman Connect New York this month, former Trulia president and current proptech investor Paul Levine talks iBuying, company culture and the future of real estate
by Taylor Anderson Apr 7
Mortgage rates surge to 5% as era of the ultra-cheap loan begins to fade
After hovering near 3% for nearly 2 years, mortgage rates have rebounded faster than expected. But amid uncertainty, economists are divided on whether 5% rates are here to stay
by Daniel Houston Apr 7
Quiz: Guess how all those pandemic-era remodeling projects panned out
A new National Association of Realtors study details remodeling projects that brought the most joy and best returns on investment. Can you guess what they are? Take Inman's quiz to find out
by Taylor Anderson Apr 6
‘New York market remains a juggernaut’ in Q1, condo sales thrive
Quarterly market reports released this week from several area brokerages revealed a luxury market in high demand, with climbing prices and little inventory
Reports of 'Great Migration' may be greatly exaggerated, new study says
Most homebuyers considering a move are looking to relocate relatively close to their current home, according to new data released Thursday from proptech company OJO Labs
by Ben Verde Apr 4
Home prices may be 'unhinged' from fundamentals, Fed analysts say
For months, the rise in home prices was in line with underlying indicators. Now, it may have gone too far, a Dallas Fed report suggests
by Daniel Houston Apr 1
How to skirt the bidding war: Agents share their strategies
In today’s competitive market, houses in all price ranges are drawing multiple offers, leaving many buyers in the lurch and exhausting agents. Here’s how some pros are getting by
by Ben Verde Apr 1
New tools from Clear Capital facilitate desktop appraisals
Real estate agents and brokers approved by Clear Capital provide property information that supplements data from public sources, helping appraisers complete accurate desktop appraisals
by Matt Carter Mar 31
House flipping is resurgent. But is it still profitable?
Investors flipped more homes in 2021, balancing a welcome fast-moving market with an unwanted and precipitous decline in gross profits that brought them down to 2008 levels
by Daniel Houston Mar 31
How real estate will look in 2030: The view from Disconnect
Top real estate leaders met for 3 days this week in Palm Springs, California, at Inman Disconnect to arrive at predictions for the future of real estate. Here's what came out of those conversations
by Taylor Anderson Mar 31
It’s time to ditch mortgage lending’s outdated appraisal model
Opinion
It’s time for the mortgage lending industry to move to an AVM-based appraisal model. There is too much room for error, especially in today's super-fast-paced market
by Bernice Ross Mar 31
Home affordability erodes at fastest annual pace since 2004
Despite record-high prices, homes remain much more affordable for buyers than they were in 2006, but buying power has taken a big hit lately
by Daniel Houston Mar 30
A comprehensive guide to finding inventory in today's market
Here, Inman has created an extensive resource for ways to find inventory — from old-school methods to more creative approaches — when it seems like there's nothing left on the shelves
by Lillian Dickerson Mar 30
One third of millennial homeowners looking to sell within a year: Survey
A Coldwell Banker survey found that 35% of millennial homeowners and 44% of Gen Z homeowners plan to sell within a year and expect their agents to be social media savvy
by Ben Verde Mar 29
The condo recovery is underway — but houses remain hotter
Competition for condos has been fierce in the past year as buyers once again looked for homes nearer their cities' urban centers
by Daniel Houston Mar 29
As homebuyers pine for options, startups scramble to fill the void
A new class of tech company is responding to the home inventory shortage by taking sellers to the edge of the MLS — and sometimes beyond — with off-market appeals and more
by Daniel Houston Mar 29
The homebuilding supply chain is broken. How can we fix it?
As homebuyers falter under the weight of scant inventory and booming home prices, everyone is counting on homebuilders to tip the scales by increasing supply. However, the specter of The Great Recession and coronavirus-induced supply chain issues means help — for builders and buyers — is far away
by Marian McPherson Mar 28
Pending home sales dip for 4th consecutive month
Pending home sales decreased 4.1% in February from the previous month, and were down 5.4% from the same period last year
by Ben Verde Mar 25
RealScout kicks off 2022 with record-breaking buyer graph in New Jersey
25 brokerages have partnered to launch the New Jersey Buyer Graph, which hosts real-time anonymized buyer data and habits, and climate risk data.
by Marian McPherson Mar 25
The 42 best and worst real estate agents in movie history, ranked
In honor of the 94th Academy Awards this Sunday, Inman combed through dozens of movies — including a few killer alien flicks — to see what Hollywood really thinks of the real estate industry
by Jim Dalrymple II Mar 25
RentPath rental listings go live on Redfin's real estate portal
For the first time, Redfin users will now be able to search the Seattle-based brokerage's online listing portal for homes and apartments for rent, it was announced Wednesday
by Daniel Houston Mar 24
Millennials glow up: Tech savvy age group nears 50% share of US buyers
In 2021, millennials made up the largest share of buyers at 43%, up from 37% in 2020, according to the National Association of Realtors' Home Buyers and Sellers Generational Trends Report
by Andrea V. Brambila Mar 23
Judge allows sale of troubled mega-mansion, concluding 10-year saga
Approved by a bankruptcy judge Monday, the $126M sales price for 'The One' caps a decade-long saga of construction delays and price overruns. Approval came over objections from creditors
by Taylor Anderson Mar 22
Hispanic homeownership could hit 50% by 2025 despite 'hostile' market
The National Association of Hispanic Real Estate Professionals report details impact of inventory shortages on Latino homebuyers
by Andrea V. Brambila Mar 22
Inman Connect New York
Are you ready to grow your real estate business? Connect with the smartest real estate pros and learn their secrets at ICNY
by Jodie Cordell Mar 22
Why social media is crucial to every real estate agent in 2022
With 3.6 billion people globally on social media, there is no better place to get eyes on your listings. Here's how to leverage those platforms and your audiences and convert them into closings
by Victoria Kennedy Mar 22
rental image
Rent rose sharply, but it didn’t keep up with the rapid increase in the price of a monthly mortgage, according to a Redfin report released Monday
by Taylor Anderson Mar 21
Spring sprang early: 11th-hour tips to win the hottest season of the year
Due to a rush of activity this winter, agents didn't have time to pause and prepare for real estate's busiest season. Luckily, agents can still harness these 6 tips to position themselves for success
by Lillian Dickerson Mar 18
TikTok or door-knock? 3 brokers on how agents can win big this spring
Corcoran affiliates Jason Karadus, Liane Jamason and Marilyn Carson share how old-school prospecting and high-level service are winning the day in a topsy-turvy market
by Marian McPherson Mar 17
The key to success in business? Stop trying to solve 'all' the problems
At Connect Now, Homeward Founder and CEO Tim Heyl told agents and brokers to focus on what they do better than anyone else and predicted 'the bundled transaction' would gain steam
by Andrea V. Brambila Mar 17
COVID caused a 'Great Reshuffling.' Soaring costs are behind a new wave
With priced-out buyers seeking to relocate this spring, real estate agents stressed the importance of referral networks as the latest migration wave comes on the heels of an overheated market
by Taylor Anderson Mar 17
Fresh off more layoffs, Better names new head of human resources
Richard Benson-Armer, who had been serving at the mortgage company on an interim basis, has been named the company’s Chief people, performance and culture officer
by Taylor Anderson Mar 16
Inman Connect Now Series
Tim Heyl shares his insights on what's ahead and how to prepare at Inman Connect Now
by Jodie Cordell Mar 16
Inman Connect Now Series
Learn how you can best serve your clients in today's market at Inman Connect Now
by Jodie Cordell Mar 15
Zillow's Susan Daimler on the tech giant's mysterious 'super app'
Ahead of Inman Connect New York, Zillow's president dished about the company's goal to build a housing super app, its interest in power buyers and why housing should be 'delightful'
by Andrea V. Brambila Mar 14
Will Washington be the second US state to limit love letters?
An effort to ban possibly discriminatory homebuyer love letters fell short in the Washington State Legislature, but could come back next year
by Daniel Houston Mar 10
‘They told us … to not worry’: Better staff share their layoff stories
Severance pay arrives early. Work computers shut down. Former Better employees describe how they found out they were let go Tuesday
by Taylor Anderson Mar 9
These 10 states have the highest vacancy rates in the nation
Approximately 16 million homes sit vacant across the United States, according to a recent study from LendingTree
by Ben Verde Mar 8
What love letters? Homebuyer notes slow to resume since ban lift
The first legal 'love letters' have started to trickle in after Oregon's ban was halted last week. But so far, buyers are taking it slow
by Daniel Houston Mar 8
Ever show the wrong house? This agent did — and it went viral
An agent mistakenly showed a house neighboring one for sale, as captured by Ring camera footage that has gone viral on TikTok
High demand and low inventory is weeding out unqualified buyers
More than 9 in 10 homebuilders reported their homebuyer prospects were either more qualified to buy a new home or about as qualified as the ones from last spring, according to a new survey
by Daniel Houston Mar 8
Judge orders Oregon to pause its homebuyer love-letter ban
A U.S. district judge agreed these letters can lead to discrimination, but said the state law goes too far in restricting free speech
by Daniel Houston Mar 4
Prices surged in February amid ‘extreme shortage of homes’
The median home-sale price rose to an all-time high of $363,975 in February, and Russia’s war on Ukraine is partially to blame, a new Redfin report says
by Taylor Anderson Mar 4
Nikki Field on Manhattan's luxury market and disruption abroad
Nikki Field, founder of The Field Team in Manhattan, spoke to Inman about women in leadership, working alongside her daughter and how a team member went missing in Moscow
by Taylor Anderson Mar 4
Home lending activity drops at fastest pace in 3 years
Loan activity dropped 11%, the fastest rate of decline since 2019, according to Attom Data Solutions. Refinance, purchase, home-equity mortgages were down in the fourth quarter of 2021
by Taylor Anderson Mar 4
Offerpad expands California reach with Sacramento entry
The iBuyer’s newest market comes just two weeks after its first launch in the Golden State, where it is avoiding costlier coastal cities
by Taylor Anderson Mar 3
'Mortgages in Russia will die': Agents in Moscow fear worst as Ukraine invasion intensifies
Western sanctions are driving up mortgage rates in Russia to previously unseen levels. Inman spoke with Russian-based real estate insiders about how decades of gains are slipping away
by Daniel Houston Mar 3
Now you can look at 5 homes at once on Zillow with 'Homes to Compare'
The 'Homes to Compare' tool allows users to compare more than 70 details of a listing side-by-side, including price, square footage, lot size, property condition, interior features and more
IBuyers purchased over 70K homes in 2021, doubling previous record
'IBuyers purchased 70,402 homes in 2021, more than double the previous annual high of 32,726 homes in 2019,' according to Zillow's Q4 iBuyer report
by Taylor Anderson Mar 2
Second-home platform Pacaso enters island time with Maui buy
Pacaso is making available 1/2 to 1/4 shares of the Maui home, which will be operated by a team of local service providers
by Craig C. Rowe Mar 2
Porch's 2021 losses top $109M as company keeps eye on expansion
Despite overall losses, the home services marketplace's revenue more than doubled in 2021. The company says it may be profitable this year
by Taylor Anderson Mar 1
Fifth Wall real estate investment firm bails on latest plan for SPAC
Fifth Wall had planned to raise up to $150M to create a SPAC focused on investing in the real estate industry. The company would have traded on the Nasdaq under the ticker FWAB
by Taylor Anderson Mar 1
Homebuilding innovator Veev raises $400M in Series D round
The funding will help to spread the company's proprietary home construction method that curbs carbon dioxide emissions by 47% compared to traditional methodologies
by Craig C. Rowe Mar 1
Pending home sales dip amid anticipated 'retreat' in demand
The number of homes that went pending in January, a leading indicator of future sales, fell 9.5% year over year, according to data released Friday by the National Association of Realtors
by Daniel Houston Feb 25
Mortgage payments shoot past their 2007 highs — and at faster pace
Rising home prices don't always mean higher monthly payments. But as the pandemic-era market wears on, buyers are increasingly feel the squeeze
by Daniel Houston Feb 25
New home sales falter in January, but more inventory in the pipeline
Homebuilders have made strides in replenishing inventory, but much of it remained under construction as sales took a hit in January, according to data from the US Census Bureau
by Daniel Houston Feb 24
Black Americans left behind during pandemic homeownership boom
In its latest study, the National Association of Realtors explained how discrimination, income inequality and skyrocketing housing costs are keeping Black Americans behind
by Marian McPherson Feb 23
Homie joins the ranks of Power Buyers with cash offer program
The flat-fee brokerage is now offering bridge loans to turn home-seekers into cash buyers. The Homie Cash program is available in Nevada, Arizona, Utah, Idaho and Colorado
by Andrea V. Brambila Feb 22
Evergreen Home Loans expands cash offer program to 6 states
CashUp by Evergreen program offered with lower fees and down payment requirements to homebuyers in Washington, Arizona, California, Idaho, Nevada and Oregon
by Matt Carter Feb 22
Home prices are still on a tear, but there’s no doubt growth is slowing
Houses sold for 3.3% more in the fourth quarter of 2021 than they did in the third quarter, even as the pace of growth slowed again, according to the latest House Price Index report from the FHFA
by Daniel Houston Feb 22
Families aren't only buyers feeling heat from Wall Street investors
Smaller real estate investors are also feeling the impact of a new wave of institutional investors into markets across the country, economists and investors told Inman in the wake of new data
by Taylor Anderson Feb 22
How real estate agents can work with RedfinNow
Redfin's iBuyer, RedfinNow, forgoes incentives for agents but offers a dedicated customer service team and local title options. Here’s how to get started
by Daniel Houston Feb 22
Gary Keller calls 2022 'uncharted territory' in Family Reunion speech
In a 2.5-hour opening address at Keller Williams' 2022 Family Reunion, Gary Keller said agents can navigate the 2022 housing market with good data and excellent service
by Marian McPherson Feb 20
Get creative or go condo: 4 ways to score a win for luxury homebuyers 
Sotheby's International Realty outlined what's ahead for luxury consumers in its latest annual outlook, and how a shift in perspective can help buyers get ahead
by Marian McPherson Feb 18
Hybrid brokerage Luke offers agents another option: Tech Review
Opinion
There is a new breed of brokerage sprouting through the cracks of expansion created by the need to meet consumers in new places, and they're heavily leveraging in-house technology to deliver totally unique real estate experiences
by Craig C. Rowe Feb 18
A black couple unpacking boxes in their new home
A new fund launched with help from the Seattle-based brokerage offers deferred, low-interest loans of up to $12K for home purchase costs
by Andrea V. Brambila Feb 17
Don’t take hot market for granted, California economist warns agents
Jordan Levine, the chief economist for the California Association of Realtors, delivers mixed forecast despite good economic outlook during an Inman Connect Now session Thursday
by Taylor Anderson Feb 17
Builders remain confident as they 'wait months' for cabinets and doors
Homebuilders remained optimistic in February, but moderated their expectations amid supply-chain issues and rising mortgage rates, according to data from NAHB released Wednesday
by Daniel Houston Feb 16
Facade Flags Justice Department Building Washington DC
Janette Miller of Miller & Perotti Real Estate Appraisals in California argues that the Fair Housing Act doesn't apply to appraisers, but a federal regulator disagreed this week
by Andrea V. Brambila Feb 16
With vacancies piling up, San Francisco weighs 'empty homes tax'
Proposed ballot measure would impose a tax on housing units that sit empty. The measure would apply to condos and apartments.
by Taylor Anderson Feb 15
1 in 10 households were priced out of newly built homes in last year alone
Only 31% of U.S. households can afford to buy a newly built home, down from 40% a year ago
by Daniel Houston Feb 14
Clear Capital's latest innovation can help better mortgage underwriting
'Overall customer satisfaction with primary mortgage originators has dropped 5 points (on a 1,000-point scale) this year, driven largely by declines in satisfaction with the refinancing process,' JD Power
by Craig C. Rowe Feb 11
Want privacy as a luxury buyer? In info age, don’t count on it, agents say
Publicity around celebrities buying and selling homes has long been a given. That doesn't mean they like it. Agents told Inman that protecting clients' privacy has become a full-time job
by Taylor Anderson Feb 11
News Quiz: Do you know the biggest stories for the week of Feb. 6?
Keller Williams, eXp Realty, Opendoor and Zillow all made headlines this week. Test your knowledge of the biggest stories to see if you're up to date on the industry in February
by Inman Feb 11
What's behind highest inflation since 1982? Just ask homeowners
The prices of shelter, food and electricity rose substantially in January, driving most of the inflation felt throughout the US, according to Bureau of Labor Statistics data released Thursday
by Daniel Houston Feb 10
More restrictions expire, ushering in new wave of home foreclosures
The number of homes with foreclosure filings rose 29% in January as lenders took advantage of expiring federal restrictions, according to new data from Attom Data Solutions
by Daniel Houston Feb 10
Home price growth eased up in Q4 but not enough to help buyers: NAR
Although the annual median home price growth slowed from 15.9% in Q3 2021 to 14.6% in Q4, homebuyers still struggled under the weight of booming sales prices, according to NAR Q4 data
by Marian McPherson Feb 10
Houlihan Lawrence dual agency case is now a class action lawsuit
The New York- and Connecticut-based brokerage says it will appeal the ruling, which will allow plaintiffs to sue on behalf of some 20,000 homebuyers and sellers going back more than a decade
Pros and cons of a cash deal on a home purchase or sale
While cash may be king in some markets, closing with greenbacks may not always be the best option for homebuyers or sellers
by Jenny Usaj Feb 9
75% of homebuyers acknowledge some regret over recent home buy
Three-quarters of survey participants who purchased a home in the past 2 years had some regrets about at least one aspect of their new home, according to an analysis released Tuesday by Zillow
by Ben Verde Feb 8
Salvage a failing real estate deal with these 3 tips
The most common culprits for hindering an agreement are often avoidable missteps. Be prepared to guide your clients
by Santiago Arana Feb 8
Metaverse investors to real estate agents: Butt out
Janine Yorio, CEO of Republic Realm, said the role of a third-party broker in digital worlds may look unlike its counterpart in reality. 'In the crypto world, the middleman is the villain,' she said
by Daniel Houston Feb 7
Black Americans can afford only 20% of housing stock: NAR
A new study reveals how market conditions during the pandemic have made it harder to close racial homeownership gaps, as minorities tend to earn less than their white counterparts
by Marian McPherson Feb 7
Homebuyer sentiment hits new low in Fannie Mae's National Housing Survey
Affordability and supply constraints seen as limiting opportunities, particularly for younger buyers
by Matt Carter Feb 7
19 tips for writing an airtight real estate contract
Ensure both you and your client are protected with practically perfect contract writing using these 19 tips
by Cara Ameer Feb 7
hundred dollar bills lined up
Understand and believe in what you bring to the equation, and you'll be able to speak from your heart and not your head to earn both the trust and business of your sellers
by Darryl Davis Feb 5
Technology-first broker Prevu is more than its message: Tech Review
Opinion
While the team at Prevu uses Expedia and Carvana to describe its approach, to me it's closer to the consumer insurance industry's move to shed its suit-and-tie, bureaucratic reputation with online quotes, service and mobile experiences
by Craig C. Rowe Feb 4
Last year's stimulus could still be fueling this year's home purchases
Nearly 1 in 4 people planning to buy a home in the next 12 months set aside stimulus money for the transaction, a Redfin survey shows
by Daniel Houston Feb 4
19 agents share how tooting their own horns is bringing in business
Client testimonials don't just feel good, they're a powerful way to build authority online
by Christy Murdock Feb 4
It's only business: Watchdog says Florida agents aren't loyal to clients
Most Florida agents are transaction brokers who don't have to disclose they have no obligation to look out for customers' best interests, according to the Consumer Federation of America
Why some sellers consider iBuyers
Not every seller is focused on squeezing every dime of equity from their home. There are several reasons why
by Jay Thompson Feb 3
Why buyers really aren’t liars
They may think they know what they want, but it takes a savvy agent to help buyers hone in on their deepest desires
by Bernice Ross Feb 3
5 ways to make your brokerage stand out in a crowded marketplace
Attracting buyers, sellers and new agents is about more than service. It's about capturing mindshare to stay front and center in the local market
by Mark Choey Feb 3
Asian Real Estate Association of America appoints first female CEO
Former AREAA Executive Director Hope Atuel has become the association's first female CEO. Atuel is taking the reins from Jim Park, AREAA's co-founder and national chairman emeritus
by Marian McPherson Feb 2
Forget what Punxsutawney Phil says: Spring already here for buyers
Spring, the hottest time of year for homebuyers and sellers, has started early, according to economists who spoke to Inman. 'Home shopping season appears to already be in full swing!'
by Ben Verde Feb 2
When will it be a buyer's market? Hold that thought, experts warn
Even with rising rates, record high prices and an increase in new home construction, the seller’s market isn’t set to end soon, economists and housing experts told Inman
by Taylor Anderson Feb 2
Why I didn’t sell my home
Opinion
A week ago, Brad Inman called his Realtor with good news: With only a DocuSign signature standing in the way of an imminent sale, he was abruptly taking his LA home off the market
by Brad Inman Feb 2
Mortgage lenders more willing to loan to 'non-prime' borrowers
TransUnion finds home loans provided to subprime, near-prime borrowers were up 17.6 percent during Q3 2021
by Matt Carter Feb 2
lightbulbs on blue background
The discount brokerage is now a member of 6 multiple listing services, but says it's still avoiding 'traditional' agent fees by offering a low commission when it submits listings
Black-owned fintech startup Esusu hits $1B unicorn valuation
Esusu partners with landlords to report tenants' on-time payments to credit bureaus. The company secured $130M in Series B Funding on Thursday, boosting them to unicorn status
by Marian McPherson Jan 31
Inside the metaverse: How agents can benefit from virtual real estate
More top luxury brokers are venturing into the metaverse; Inman explores what agents need to know about this nascent category of real estate
by Daniel Houston Jan 31
Florida home listed for $650K in proof-of-concept crypto auction
Ownership of the home will be transferred using a unique blockchain token — known as an NFT — that can be held in a crypto wallet
by Daniel Houston Jan 31
Getting started as a real estate agent: 102 tips from top Realtors
Inman reached out to more than a hundred of the country's top-performing Realtors and asked them what they would say to a real estate agent just starting out in 2023. These are their answers
How to protect and leverage your database
Staying top-of-mind is all about staying in touch. Here's how savvy agents reach out on a regular basis to their database
by Tom Toole Jan 31
News Quiz: Do you know the biggest stories for the week of Jan. 23?
Million Dollar Listing, a crime family and Move Inc. CEO David Doctorow made headlines this week. Test your knowledge of the biggest stories to see if you're up to date on the industry
by Inman Jan 28
Why age is just a number when you're working with clients

Lumping people into “generations” based on population shifts on a graph and applying wholesale marketing techniques to them makes about as much sense as me telling you to avoid people born in the year of the rabbit, says Jay Thompson. Here’s why he thinks marketing by age demographics is a racket.

by Jay Thompson Jan 28
Mortgage-specific solutions from The Work Number now integrated into Encompass
Mortgage lenders can instantly pull income and employment information tailored to meet specific needs within the loan origination process
by Daniel Houston Jan 27