Skittish sellers, hungry buyers: How the Fed tanked housing

Goldman Sachs economist Michael Murdoch criticized the Federal Reserve’s rate strategy at Ben Kinney Companies’ BuiltHOW conference on Tuesday and shared how upcoming policies could impact the 2024 housing market. Continue reading

Texas surged during COVID. Now, its luxury markets are being tested

Droves of people have flocked to Texas for new jobs, tax and affordability purposes, and political reasons, and the demand from this new class of wealthy buyers is stretching the state’s luxury inventory thin. Continue reading

The investor who predicted 2008 bubble warns of ‘ominous’ burst

Jerry Grantham, co-founder of the investment firm GMO, said this week he fears another bubble is about to burst, with the crisis that gripped the banking system in March just the beginning. Continue reading

‘Big Short’ investor says iBuyers could be obsolete by 2025

In his latest interview with Bloomberg, former Goldman Sachs investor Don Mullen explains why iBuyers won’t survive much longer, calling them the “forced sellers” of today’s market. Continue reading

Home sales have so much further to fall in 2023, Goldman Sachs says

House purchases are expected to plummet further in the closing months of the year, and the recovery may not pick up speed until 2024, according to a new forecast from the investment bank. Continue reading

Manhattan’s luxury market sees worst sales week since Aug. 2020

Signed luxury contracts in Manhattan hit a new low during the week ending Aug. 21, according to a report from Olshan Realty Inc. Luxury agents say there are a number of reasons why. Continue reading

Place is the latest real estate company to reach unicorn status

Ben Kinney and Chris Suarez’s company Place, launched last year, offers business infrastructure support to targeted, high-producing agents, ranging from accounting to marketing, transaction and CRM technology products. Continue reading

3 moments that made Adena Hefets into an industry disruptor

From watching her parents struggle to make ends meet as a child to connecting with an excellent mentor as an adult, these are the moments that shaped Hefets’ career. Continue reading

NAR’s venture capital fund picks Knock, other startups for REACH program

Second City Ventures, which is an arm of NAR, has chosen Knock and seven other startups to be a part of the 2021 REACH scale-up program. Continue reading

What to watch for as Compass goes public: an Inman guide

After years of speculation, Compass’ IPO is less than a day away. Here’s what you need to know about the process and what the first day’s results could be. Continue reading