Home price gains relaxed in April, near slowest pace in 2 years

The FHFA HPI rose 3 percent on an annual basis in April, while the S&P CoreLogic Case-Shiller Index posted a 2.7 percent annual gain. Continue reading

Despite weak demand, brokerages logged revenue growth this spring

The progress came even as competition for listings cooled across the country. Inman breaks down how the industry navigated the spring homebuyer season using insights powered by Market View. Continue reading

How homeowners, not builders, are driving Denver’s inventory boom

How is Denver out so far in front of the pack? Without a building boom, owners of existing homes are flouting a ‘rate lock-in’ and weak demand in a way that helps explain a broader national trend. Continue reading

Builder sentiment plunges as hesitant buyers shift to sidelines

Nearly 40 percent of homebuilders cut prices in June, the highest portion since the National Association of Home Builders began tracking the cuts. A decline in single-family starts is projected this year. Continue reading

Luxury home values have hit $1.8M, bucking the spring slowdown

A new report from Zillow shows that luxury home values rose 2.7 percent over the past year, with the typical luxury home now valued at around $1.8 million. In some high-demand cities, like New York, Los Angeles, San Diego and San Francisco, luxury home… Continue reading

US inventory exceeds 1M homes for first time in 6 years

Metro areas with the greatest gains in inventory are those that continued to build during and shortly after the COVID-19 pandemic, while those that did not still lag behind pre-pandemic levels. Continue reading

Pending home sales tank 6.3% in April as mortgage rates stay high

Even with more inventory entering the market, homebuyers are struggling with elevated mortgage rates, NAR Chief Economist Lawrence Yun said, leading to fewer signed contracts. Continue reading

Fewer consumers think it’s a good time to buy — or sell: Inman-Dig poll

Rapid fluctuations in tariff policies by the Trump administration have the economy and the stock market in a volatile state, which is weighing heavily on consumers, findings from the latest Inman-Dig Insights consumer survey, conducted in April, show. Continue reading

Existing-home sales fall to slowest pace since 2009 amid rising costs

Existing-home sales decreased by 5.9 percent from February and by 2.4 percent from March 2024 as homebuyers continued to deal with affordability challenges, said NAR Chief Economist Lawrence Yun. Continue reading

New-home sales beat expectations in March — by a long shot

The surge in sales was a welcome positive sign during a tenuous period for the U.S. economy. However, high prices and high mortgage rates continue to curb homebuyers, new HUD data shows. Continue reading