NAR chief economist predicts ‘strong rebound’ in 2024

Lawrence Yun said home prices will rise 1 percent and sales will dip 7 percent next year before recovering in 2024, in contrast to a Fannie Mae forecast last month that predicted falling prices in 2023. Continue reading

Share of first-time buyers plummets to lowest level since 1981: NAR

Rising home prices, mortgage rates and inflation slashed the share of first-time buyers down to 26 percent — the lowest level since the National Association of Realtors began surveying buyers and sellers in 1981. Continue reading

4 ways to help first-time homebuyers map out their way to a new home

Many agents get overwhelmed thinking about first-time homebuyers. The transactions can be complicated and filled with unexpected twists and turns. Director of Publishing April Murphy of Keller Williams Realty has just the map you need to get your clien… Continue reading

Newly launched Pairadime is betting on the future being fractional: Tech Review

Pairadime is an extensive educational resource on fractional home buying, or co-ownership. Continue reading

End in sight for inventory crisis? Yes, but experts can’t agree on when

While 38 percent of experts polled by Zillow believe 2024 will be the year inventory returns to 2019 levels, 36 percent pegged 2023 as the year. The remainder believe we’ll have to wait until 2025. Continue reading

4 ways to ensure buyers don’t regret their purchase

Over the past year, homebuyer regret has reached record highs. Here are Nerdwallet’s tips for making sure your clients don’t experience the same thing. Continue reading

Single-family housing starts take unexpected hit in July

Despite a decline in starts, which reflected curbed confidence in June amid mellowing lumber prices, experts said gains made in permit applications were a positive sign. Continue reading

Agents should probably learn to play nice with institutional investors

Institutional investors are a growing presence in the housing market. The savvy agent should learn their ways — even if it feels unnatural. Continue reading

Investor home purchases exceed pre-pandemic levels, hit record high

Investors purchased 67,943 US homes during the second quarter, for a total value of $48.5B, the highest figure on record, according to Redfin. Continue reading

4 tips for dealing with buyers’ fears in an overheated market

Fear commonly immobilizes buyers from making the choices that will ultimately enhance their lives. Here’s how to coach your clients to succeed despite the potential risks.  Continue reading