Tag Archives: economic uncertainty

New residential sales drop nearly 14% in May, their sharpest in 3 years

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Homebuyers continued to respond to market headwinds like high mortgage rates and economic uncertainty and failed to be drawn in by builder sales incentives. Continue reading →

Builder sentiment plunges as hesitant buyers shift to sidelines

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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

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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 →

Despite market shift toward buyers, they’re still backing away

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Spring typically brings new energy to this housing market, but this year, the momentum is stalling. A flood of sellers has hit the market, but buyers are remaining on the sidelines, new data from Redfin shows. Continue reading →

Hamptons summer rentals way down amid market uncertainty

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Rental demand for ultra-luxury properties in the beach market is down as much as 75 percent this year, according to local brokers, due to economic volatility and poor spring weather. Continue reading →

New-home sales climb nearly 11%, but figures may be ‘overestimated’

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Sales of newly built single-family homes rose in April, pointing to continued buyer engagement during the spring homebuying season, the latest data from the U.S. Census Bureau and Department of Housing and Urban Development (HUD) suggests. New resident… Continue reading →

Homebuyers out in force for a 2nd week as mortgage rates stabilize

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With more homes to choose from, purchase loan applications were up 18 percent from a year ago last week as buyers forged ahead despite economic uncertainty. Continue reading →

Federal layoffs are fueling an inventory surge in nation’s capital

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Active listings in Washington, D.C., have surged 25.1 percent year over year, the largest jump on record and nearly double the national increase of 14.2 percent, new Redfin data released Wednesday shows. Continue reading →

Airbnb touts resilience as guests spend $24B on travel in Q1

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In its final quarter before it will unveil a major update this month, the short-term rental leader posted $154 million in profit from 143.1 million total bookings on the Airbnb platform. Continue reading →

What’s the best strategy that you’ve picked up this spring? Pulse

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It takes boldness to shift gears and take on the challenges of a tough market. Let us know what you’ve learned this spring and how you’re applying that new strategy. Continue reading →