In the first eight months of 2024, only 25 out of every 1,000 U.S. homes changed ownership, marking the lowest housing turnover rate since 1994, according to an analysis by Redfin released Monday. Continue reading
The tool is described in an announcement from the brokerage as similar to the Case-Shiller Home Price Index, with more real-time and metro-level data. Continue reading
Home prices increased 0.7 percent between August and September of 2023, and were up 6.7 percent annually, according to a new report. Continue reading
The bad news is that a recession is on the horizon. The good news? People will move anyway, driven by a host of other factors. Continue reading
The Case-Schiller index posted a 7.7 percent annual gain in home prices — down from a 9.2 percent gain in October — while the FHFA index showed a 0.1 percent decline in prices between October and November. Continue reading
Investors, including iBuyers, that entered the housing market in 2020 and 2021 are at least partly to blame for the dramatic price correction playing out in 2022, Kelman said in a new interview. Continue reading
Despite mortgage rates near 7 percent and generationally high inflation, thousands of people still need to move in the next year and need help in navigating homebuying in the pricy market. Continue reading
While an abrupt shift in policy isn’t expected, Fed Chair Jerome Powell affirms that, “If things come in better than we expect, then we’re prepared to do less” tightening. Continue reading
Other than when home prices crashed with the bursting of the housing bubble, for more than 50 years, home price growth has outpaced inflation. According to Windermere Real Estate Chief Economist Matthew Gardner, this means we are offsetting high consum… Continue reading
Are rising housing prices a bad thing? Consumers think so. It’s critical real estate agents agents understand and can explain what that means for clients, the industry and the economy. Continue reading