Prices may be dropping, but homes still have loads of equity

As prices began to fall, home equity held strong. Even the most distressed properties held positive equity in the third quarter of 2022, according to a new report from Attom. Continue reading

After stable stretch, lumber’s roller coaster ride scales yet another hill

Lumber futures were trading at $454 per thousand board feet Monday after ascending to $539 per thousand board feet the week earlier, according to numbers tracked at Nasdaq.com. Continue reading

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

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

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

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

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

“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%

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

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

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