After isolated uptick, existing-home sales shift gears in March

Existing-home sales fell 2.4 percent in March to a seasonally adjusted annual rate of 4.44 million — 22 percent lower than a year earlier, according to data released Thursday by the National Association of Realtors. Continue reading

Median home price tallies largest annual drop in more than a decade

Pandemic-era boomtowns and tech hubs fueled an annualized 3.3 percent drop, to $400,528, according to new data. “There’s this fear that everything will crash,” reports one Redfin agent in Boise, Idaho. Continue reading

Tenants in jeopardy as rent hikes outpace value of rental vouchers

No metro in the U.S. held enough vouchers to meet soaring demand, with Miami and other cities in Florida standing out for disparities between available vouchers and renters who need them. Continue reading

The top 5 most popular US neighborhoods for homebuyers

More homebuyers are looking at properties on Zillow in Northeast Dallas than in any other neighborhood, garnering an average of 36,113 daily views, according to a new report. 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

Housing costs remain stubbornly high despite relief on food, energy

The U.S. Consumer Price Index cooled to 5 percent in March compared to a year ago, but remained elevated overall despite efforts from the Federal Reserve to curb inflation, according to the Bureau of Labor Statistics. Continue reading

As iBuyers struggle, agents rethink relationships with cash-offer kings

IBuyers like Opendoor and Offerpad once appeared poised to be an essential player in the nation’s biggest housing markets. Now, real estate agents say their role has diminished dramatically. Continue reading

Gen Z’s priorities lie with pets not partners in home searches: Survey

Many Gen Zers would put their pets’ needs ahead of their children’s or partners’ needs if they were to buy a home, according to a survey from Zillow. Continue reading