New-home sales wilt in June but remain elevated amid low inventory

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New-home sales drooped 2.5 percent from May to a seasonally adjusted rate of 697,000 — 23.8 percent higher than June 2022, according to data released Wednesday by the U.S. Census Bureau. Continue reading →

Will the second quarter of 2023 match real estate’s Q1 meltdown?

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Major real estate companies began reporting Q2 earnings this week against a backdrop of high rates, low inventory and a sluggish economy. Analysts shared what they’re watching with Intel. Continue reading →

‘Alarming’: NAR slams DOJ effort to resume commission investigation

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In a new brief, NAR claims the DOJ’s argument for resuming its probe would “destabilize the law.” The agency has sought to overturn an earlier ruling that quashed a request for more information. Continue reading →

How ‘computer vision’ is disrupting real estate, 1 listing photo at a time

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As ChatGPT reimagines how agents write, computer vision extracts data from millions of images to tell deeper stories about home, Restb.ai Chief Product Officer Nathan Brannen tells Intel. Continue reading →

Demand for mortgages wanes as rates plateau near 2023 highs

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A decrease in applications for FHA loans popular with first-time homebuyers helped push the average purchase loan application to $432,700, according to the latest MBA lender survey. Continue reading →

Stop paying 35-40% to the portals for leads

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Instead of throwing away money on paid leads month after month, author and trainer Bernice Ross teaches you how to generate both buyer and listing leads at little or no cost. Continue reading →

Welcome home! How to help buyers navigate accessibility

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A lack of accessible housing may make it difficult for clients with disabilities to find the home they’re looking for, Rachael Hite writes. Here’s how to help. Continue reading →

How Harvard’s housing report sees the current (and future) market

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With natural growth slowing, writes economist Matthew Gardner, states will recognize the importance of attracting new residents from other markets as domestic migration will become a more important driver of household growth and housing demand. Continue reading →