Affordability is better, but buyers are still bailing out of contracts

Pending home sales slid on a monthly and annual basis in January, despite improving market factors. However, several economists urged agents to stay calm, saying a sales boost will likely come this spring. Continue reading

Buyers turn to the resale market as builders abandon price cuts

Rising existing-home inventory is thwarting homebuilders, who are now slowing permits and starts — and backing off from hefty incentives. Continue reading

Mortgage group: Affordability woes could end the American Dream

The National Association of Mortgage Brokers (NAMB) is ringing the alarm with its latest white paper, saying affordability is stopping Americans from achieving life milestones like homeownership and starting families. Continue reading

How strict are the MLSs? Here’s how Compass saw it

As it geared up to fight for rules that were favorable to its private listings strategy, Compass set out to understand where hundreds of MLSs stood — and to create a 1-to-5 ranking system. Continue reading

October was another slow month for pending home sales

New data shows that pending sales were down in October. The West was especially hard hit, though one region eked out a strong performance. Continue reading

More MLSs are moving to provide non-Realtors with access

“Maybe it’s time.” In the wake of a recent change by the National Association of Realtors, more multiple listing services may explore ways to provide access to non-Realtors. Continue reading

‘More persistent headwinds’ plague housing market as prices barely budge

The latest numbers from the Case-Shiller Index show weak price growth in September. One expert even warned of “outright decline” in some markets. Continue reading

Private inventory: New competition rules that leave consumers behind 

In the current market, the way listings reach consumers matters more than ever, Amit Kulkarni writes. Buyers need greater visibility, but the industry is shifting toward less of it.  Continue reading

Tailwinds pull October existing-home sales up 1.2%

Favorable mortgage rates outweighed political uncertainty in October, according to the National Association of Realtors’ latest report. Existing-home sales increased 1.2 percent month over month and 1.7 percent year over year to a seasonally adjusted a… Continue reading

Tailwinds pull October existing-home sales up 1.2%

Favorable mortgage rates outweighed political uncertainty in October, according to the National Association of Realtors’ latest report. Existing-home sales increased 1.2 percent month over month and 1.7 percent year over year to a seasonally adjusted a… Continue reading