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. Continue reading

Homebuyers take notice as mortgage rates continue to fall

Demand for purchase loans has increased in five out of the past six weeks, according to a weekly survey of lenders by the Mortgage Bankers Association released Wednesday. Continue reading

Housing is so rough, even this Congressman can’t score a home

Congressman-elect Maxwell Frost of Florida said he wrecked his credit when he quit his job to run a campaign full-time. Now he’s having a hard time finding a place to live. Continue reading

Compass seeks antitrust settlement with NYC’s largest real estate association

The brokerage sent a letter to the District Court for the Southern District of New York seeking to settle its dispute with the Real Estate Board of New York, or REBNY, outside of the courtroom. Continue reading

First MLS venture capital fund hires Jeff Turner to help scale up

Turner is a former entrepreneur in residence for NAR venture capital arm Second Century Ventures and a co-founder of Realtor association management platform Tangilla. Continue reading

Homeward CEO Tim Heyl and the path forward for power buyers

Homeward CEO Tim Heyl said his company is built to handle down markets. He spoke with Inman ahead of Inman Connect New York, where he’ll be speaking about tech, data and the biggest trends in 2023. Continue reading

Help homeowners lower home maintenance costs in 2023 with this 12-month marketing campaign

Would you like to help your clients and sphere cut their homeownership and home maintenance costs substantially in 2023? This 12-month marketing plan is suitable for social media, email, direct mail and even video, writes trainer Bernice Ross. Continue reading

It’s not (always) about you! Deciding whether to switch brokerages or mindsets

Looking toward 2023, many agents, concerned about the shifting market and its impact on their business, are considering a move. Perhaps the change required is not their location but their mindset, team leader Carl Medford writes. Continue reading

Corcoran Group terminates Global Living SoCal franchise agreements

Corcoran Group will “effectively close all offices and operations of the Southern California region of Corcoran Global Living by December 31, 2022,” according to a memo obtained by Inman. Continue reading

Rent keeps falling. Here are the cities where it’s falling fastest

Fourteen major metro areas reported year-over-year declines in the median cost to rent an apartment, according to Redfin. It’s only the latest sign of widespread slowdown in rent. Continue reading