Inflation hits 8.5%, highest mark since 1981. Housing is only part of it

Rents rose by 0.4 percent from February to March — a slowdown from recent months even as gas and food costs spiked, according to the latest Consumer Price Index, released Tuesday Continue reading

Homeowner support grows for mother-in-law units: Survey

Homeowners, long resistant to new apartments in their neighborhoods, are increasingly open to other ways of adding housing units, according to a new survey by Zillow. Continue reading

As supply dwindled, nation’s biggest brokerages gained market share

The biggest real estate brokerages and franchise networks made big gains in market share in 2021, a new report reveals. Continue reading

Mortgage rates surge to 5% as era of the ultra-cheap loan begins to fade

After hovering near 3 percent for nearly two years, mortgage rates have rebounded faster than expected. But amid uncertainty, economists are divided on whether 5 percent rates are here to stay. Continue reading

CoStar CEO Andy Florance accused of bullying and gunplay: Report

Dozens of current and former CoStar employees said CEO Andy Florance’s heavy-handed management tactics, which includes publicly ridiculing staffers, made them fearful for their jobs. Continue reading

Real estate hiring beats national job gains again in March

Brokerages and other real estate companies added 6,300 new jobs in March, a rate of payroll growth that exceeded that of the United States at large. Continue reading

Home prices may be ‘unhinged’ from fundamentals, Fed analysts say

For months, the rise in home prices was in line with underlying indicators. Now, it may have gone too far, a Dallas Fed report suggests. Continue reading

House flipping is resurgent. But is it still profitable?

Investors flipped more homes in 2021, balancing a welcome fast-moving market with an unwanted decline in gross profits. Continue reading

Home affordability erodes at fastest annual pace since 2004

Despite record-high prices, homes remain much more affordable for buyers than they were in 2006. However, buying power has taken a big hit lately. Continue reading

The condo recovery is underway — but houses remain hotter

Competition for condos has been fierce in the past year as buyers once again looked for homes nearer their cities’ urban centers. This follows an early-pandemic softening in the market segment. Continue reading