The real estate industry took a beating in 2023 — rising mortgage rates froze home sales, consumer sentiment slid to new lows, several landmark lawsuits threatened buyer-broker commissions, and the National Association of Realtors couldn’t keep itself … Continue reading
Nearly 1 in 4 homes that were overpriced at listing will end up being delisted in the slower fall months, according to a new report. Continue reading
Keller Williams kicked off its Mega Agent Camp on Tuesday with remarks from Gary Keller, who warned of a “rolling recession” while predicting agents will survive treacherous economic terrain. Continue reading
During his latest CNBC appearance, Compass CEO Robert Reffkin outlined the catch-22 of higher mortgage rates and why early pandemic boomtowns are facing a devastating bust. Continue reading
In its latest real estate market report on Wednesday, Redfin said the total market value for U.S. homes dropped $2.3 trillion from June to December 2022 — the largest six-month drop since the Great Recession. Continue reading
Rising mortgage rates, booming home prices and scant inventory are pushing homebuyers to quicken their plans, according to Redfin’s latest market report. Continue reading
Total existing-home sales dropped by 2.7% from February 2022 and by 4.5% from March 2021 to a seasonally adjusted annual rate of 5.77 million, according to the National Association of Realtors. Continue reading
A new report released Wednesday by Redfin painted a bleak picture for homebuyers already fatigued by a tough market. Continue reading
John Burns Real Estate Consulting’s new Resale Housing Market Index report reveals how buyers are struggling to beat investors in a frenzied market. Continue reading
Pending home sales dropped 1.9% in June, and 1.9% year over year to an index of 112.8, according to the National Association of Realtors’ Pending Home Sales Index, released Thursday. Continue reading