New-home sales rose 9.8 percent year over year to a seasonally adjusted annual rate of 716,000 in August. However, an influx of existing-home inventory could pose a challenge to new-home sales into the fall. Continue reading
Small real estate investors have a role to play in improving affordability and inventory, trainer Bernice Ross writes, and can be a key part of growing your real estate business. Continue reading
Falling mortgage rates should help boost home sales by nearly 10 percent next year, but in the meantime, inventory shortages and affordability challenges are keeping a lid on sales in many markets. Continue reading
Homebuyer anxiety around prices and the election precipitated the fall as the National Association of Realtors’ Pending Home Sales Index declined 5.5 percent, to 70.2, the lowest index reading in 23 years. Continue reading
Affordability and a plethora of amenities vaulted Gahanna, Ohio, to the top of Realtor.com’s 2024 hottest ZIP codes list. ZIP codes in Missouri and Indiana made the list too as out-of-state homebuyers search for a good deal. Continue reading
A new report in “The Wall Street Journal” found that baby boomers had an easier time navigating real estate market challenges in the 1980s than millennials do today. Continue reading
A surprise drop in mortgage rates got homebuyers off the sidelines and into home tours. However, affordability and recessionary concerns have kept buyers from making purchases. Continue reading
HAPPENING NOW! At Inman Connect Las Vegas, July 30-Aug. 1, 2024, the noise and misinformation will be banished, all your big questions will be answered, and new business opportunities will be revealed. JOIN US VIRTUALLY. Continued economic growth in th… Continue reading
In June, five of the top U.S. markets showed some improvement in housing affordability and supply year-over-year, according to First American’s Real House Price Index, while some markets with improved inventory still struggled with rising costs. Continue reading
Rising home prices and mortgage rates, and sticker shock from surprise housing costs, pushed buyers to cancel 56,000 home-purchase agreements in June, according to Redfin. Continue reading