There’s a widespread belief that Americans have all packed up and moved because of the pandemic. At face value, it’s quite credible, according to Windermere Real Estate Chief Economist Matthew Gardner, especially given the level of 2021 home sales. But… Continue reading
New home sales took a hit for the fourth-straight month in April as buyers grappled with the new reality of rising home prices and mortgage rates in excess of 5 percent, according to Census Bureau data. Continue reading
Existing-home sales decreased by 2.4 percent from March and 5.9 percent from the year before as declining affordability continued to put off homebuyers, according to the National Association of Realtors. Continue reading
While an abrupt shift in policy isn’t expected, Fed Chair Jerome Powell affirms that, “If things come in better than we expect, then we’re prepared to do less” tightening. Continue reading
This week, Byron Lazine and Nicole White discussed how the Fed’s decision will impact the housing market, CoStar’s plans for Homes.com and the TikTok-famous Marketeer of the Week. Continue reading
Other than when home prices crashed with the bursting of the housing bubble, for more than 50 years, home price growth has outpaced inflation. According to Windermere Real Estate Chief Economist Matthew Gardner, this means we are offsetting high consum… Continue reading
The complexity of the current real estate market means that client relationships can sour quickly, according to broker Jenny Usaj. That’s why it’s vital to set appropriate expectations upfront. Continue reading
This week, Byron Lazine and Nicole White discussed a decision in the bombshell class action lawsuit against NAR and Realogy, Zillow’s revised forecast and Ryan Serhant’s branding advice from ICNY. Continue reading
Corcoran took the top spot in Manhattan and Brooklyn with $2.54 billion in signed contracts, with Compass following close behind, according to the firm’s inaugural NYC quarterly report. Continue reading
Pending home sales dipped for the fifth-straight month in March, with the Pending Home Sales Index dropping 1.2 percent from February to 103.7, according to the National Association of Realtors. Continue reading