Author Archives: Daniel Houston

US hiring remains strong, but other sectors outpace real estate

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Real estate employers added about as many jobs in September as would normally be expected this time of year, despite the market downturn. Continue reading →

RE/MAX hangs onto slim profit in Q3 amid housing downturn

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Steep declines in core revenue streams like broker fees were offset partly by the acquisition of independent franchise network RE/MAX Integra, according to earnings data on Thursday. Continue reading →

Those claims of appraisal bias? Another study backs them up

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Homes in white neighborhoods are valued twice as high as those in communities of color, even in places with otherwise similar housing stock, according to a study out this week. Continue reading →

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

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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

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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

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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 →