Gary Keller: A ‘rolling recession’ will hit the US housing market in 2024

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

Drum up inventory through direct mailers, social media and more

The low-inventory problem has consumed many agents’ minds for years. Top agents shared at Inman Connect how they stay ahead of the game by drilling down into some of these strategies. Continue reading

Locked in, or misinformed? How seller’s agents can allay client fears

Homeowners feel locked in and for good reason. But sellers should know the other side of the coin too, agents argued at Inman Connect. Continue reading

Team of rivals: Zillow, Redfin unite to share new construction listings

New construction listings on Zillow will now automatically be syndicated to Redfin. The companies believe the partnership will extend the reach of the homebuilders’ listings while aiding consumers. Continue reading

Home prices rose in May in defiance of down housing market

Prices rose 0.7 percent from April to May after adjusting for increases typically experienced in spring, according to estimates released Tuesday by CoreLogic and the Federal Housing Finance Agency. Continue reading

Homeseller profits increase 1st time since Q2 2022: Attom

Record-low inventory and rebounding buyer demand buoyed U.S. homesellers’ profit margins for the first time in a year, according to a quarterly market report published Thursday by real estate data firm Attom. Profit margins for median-priced single-fam… Continue reading

Economy’s strength could keep a damper on existing-home sales

Lack of inventory driven by mortgage lock-in effect may persist if the Federal Reserve maintains a ‘higher-for-longer’ rate strategy to combat inflation, Fannie Mae economists said. Continue reading

There’s a ‘magic number’ that moves homes. Will we ever hit it?

Homebuyers have been holding out for a 5.5 percent rate, Maegan Sherlock told Intel. It may take a while for them to adjust their expectations. Continue reading

Median sale price climbs to $426K for only 2nd time in US history

Undeterred by elevated mortgage rates, homebuyers battling over scant inventory pushed June’s median sales price to the second-highest level in history, according to new data released Monday by Redfin. Continue reading

Americans resigned to high home prices, mortgage rates: Fannie Mae

Consumer confidence in the housing market “appears to have plateaued at a relatively low level,” said Fannie Mae Chief Economist Doug Duncan in a new homeowner survey released on Friday. Continue reading