Author Archives: Daniel Houston

The 7-day home sale is a rarity again as market slowdown continues

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The median home for sale is spending 45 percent longer on the market than it was at this time last year, according to Zillow’s research team. Continue reading →

As US economy zigs upward again, real estate sags

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Hits to broker commissions and home construction drove a decline in real estate gross domestic product in the third quarter of the year, new data shows. Continue reading →

In the short term, home prices will fall. But then what, economists ask

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Affordability concerns weigh on nearly every corner of the housing market as the economy tips toward a possible recession, according to a new survey of real estate experts. Continue reading →

Not a one-off: Home prices dropped further — and faster — in August

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A reversal in home price growth in July deepened into August as prices declined by 0.9 percent, according to the latest S&P CoreLogic Case-Shiller report. They remained up 13 percent from last year. Continue reading →

Chasing leads isn’t enough. The agent’s message has to work too

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“Everyone wants to buy; no one wants to be sold.” Agents have to get the message right if they want their hard work generating leads to pay off, consultant Jon Cheplak said at Inman Connect. Continue reading →

Following slow September, single-family housing starts plunge 18%

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Single-family projects took yet another beating in September, declining nearly 5 percent from the previous month and 18 percent year over year, according to data released Wednesday from the U.S. Census Bureau. Continue reading →

Homebuilders suspect demand for new homes will fall even further

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With sales already slipping off highs from earlier in the pandemic, a survey of builders released Tuesday by the National Association of Home Builders suggests the bleeding may have just begun. Continue reading →

Flyhomes: What it is and how agents can use its power buyer platform

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What is Sailbridge? Learn about the power buyer from Flyhomes, how its fees work and how a client can use it to make a cash offer. Continue reading →

Inflation up 8.2% over last year — and housing is largely to blame

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The government’s estimate of the cost of owning a primary residence rose 0.8 percent in September and was up 6.7 percent compared to a year ago, which is the largest 12-month increase in the category’s history. Continue reading →

Homebuilding materials remain 38% costlier than normal

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Acquiring construction materials remains expensive for homebuilders, even as a reduction in demand may be relieving supply chains, according to data from the U.S. Bureau of Labor Statistics. Continue reading →