‘Buyers are losing faith in the American Dream:’ Redfin CEO

Redfin CEO Glenn Kelman said rising rates and home prices are crushing consumer sentiment. However, rising inventory and a year-end interest rate cut will be key to restoring it. Continue reading

Canada easing mortgage terms for first-time new homebuyers

Changes set to take effect Aug. 1 are part of an ambitious plan to boost housing construction by 2 million and help renters save up for a down payment. Continue reading

Billionaires brawl as everyone else just tries to get by: The Download

As mortgage heads from UWM and Rocket fight it out in the press, it seems like both agents and consumers are just wondering how they’re going to pay the bills. Continue reading

Pending home sales tally modest uptick amid rise in jobs, inventory

Fueled by positive job growth and an increase in available housing, the National Association of Realtors’ Pending Home Sales Index rose 1.6 percent in February, according to data released Thursday. Continue reading

Nepo Babies grow up as data points to new phenomenon: Nepo Buyers

Thirty-six percent of Gen Zers and millennials who plan to buy a home in the near future intend to use a cash gift from family to contribute to a down payment, according to data from Redfin released Wednesday. Continue reading

2024 Spring Outlook: Another tight market, this time with extra anxiety

As the first day of spring arrives, three economists shared with Inman why headwinds will continue to plague the housing market in 2024, long after a recovery was expected to revive U.S. home sales. Continue reading

Negotiating short sales is a crucial skill for real estate agents

With some areas seeing rising prices and low supply, Clever’s Luke Babich writes, many would-be homeowners are looking into unconventional routes to homeownership, including short sales. Continue reading

Sale-leaseback model is key to saving US homeownership: Study

Volatile interest rates have trapped over 9 million homeowners from accessing their home equity, with limited refinancing or loan options. The white paper proposes sale-leaseback, highlighting EasyKnock’s Sell & Stay program as a flexible solution… Continue reading

Tale of 2 housing markets will linger into 2024, Zonda economist warns

With listings still in short supply, homebuyers are “dealing with an affordability shock” and new homes will play an outsize role in housing markets, Zonda Chief Economist Ali Wolf said at ICNY. Continue reading

This MLK Day, it’s time to put people over profits

Coach Lee Davenport talks to Richard and Leah Rothstein, bestselling authors of “Just Action,” about the proactive steps we can take to help legacy residents flourish in the face of gentrification. Continue reading