All-items inflation rose 7.7 percent in October — down from September’s 8.2 percent. Although its welcome news, housing economists say it’ll take until 2023 for homebuyers to see the savings. Continue reading
The month saw active listings grow at a rapid pace even as new homesellers declined annually for the fifth straight month, falling 15.9 percent, according to a report. Continue reading
Median monthly rent in the largest metropolitan areas of the United States dropped for a second-straight month in September to $1,759, according to a report released Thursday by Realtor.com. Continue reading
Buyers and sellers face a new reality where bidding wars will be rare, days on market lengthen and markets go from boom to bust (and bust to boom). But don’t fear — Inman has you covered. Continue reading
The long-awaited recovery in home inventory is in full swing. It’s not being driven by a rise in new listings but by the ongoing slowdown in demand from buyers, according to Realtor.com Continue reading
Redfin’s Homebuyer Demand Index rose 7 points during the last week of July, while mortgage purchase applications rose for the first time in five weeks, according to new data released Monday. Continue reading
Investor purchases made up 9.5 percent of home purchases nationally in April, modestly below a February 2022 peak of 9.7 percent and an increase of 64 percent from 2019 levels, according to data from Realtor.com. Continue reading
Sales of existing homes ticked down 5.4 percent between May and June, falling 14.2 percent from a year ago, as median prices rose to $416,000, according to the National Association of Realtors. Continue reading
A new report from the Fed suggests it was spiking demand, not a lack of homes for sale, that sent prices skyrocketing over the past two years. Continue reading
The latest jobless numbers show U.S. unemployment is holding steady at a very low 3.6 percent. In real estate, this situation may offer a slight counter trend to rising rates and inflation. Continue reading