NAR chief economist: Don’t expect big changes in mortgage rates

Speaking at NAR’s Real Estate Forecast Summit on Wednesday, Chief Economist Lawrence Yun said “inventory is turning” and the housing market is heading back toward a pre-COVID normal. Continue reading

Home price growth reached point of sustained slowdown in May

Mortgage rates began to take a toll on price growth as early as this spring. But prices remained more resilient than other market indicators, according to the S&P Corelogic Case-Shiller Index. Continue reading

Inflation hits migration hotspots hardest, new study says

Q2 Consumer price growth exceeded 10 percent year-over-year in Phoenix, Atlanta, Miami and Tampa — each of which had among the nation’s strongest net inflow of interest in moving. Continue reading

The 10 most stable housing markets in the United States, ranked

The U.S. housing market and economy at large have endured a blizzard of rising home prices and climbing mortgage rates. But take shelter from the storm with these financially sound markets. Continue reading

Real estate agents should be ‘chief economists’ for their clients

Armed with knowledge of market trends, agents can earn sellers’ trust and have more leeway to set strategy, top brokers said at Inman Connect Now. Continue reading

All the glamour in store for guests at Inman Luxury Connect 2022

Big names attending Luxury Connect are itching to share their secrets with the rest of the Inman community. Read on for the details of what’s in store for attendees. Continue reading

Interest rate hikes keep Miami the least affordable city in the nation

Buyers would have to spend 86 percent of their income to afford the $600,000 median home price, according to new research released Monday from RealtyHop. Continue reading

As recession looms, consumers see tide turning in favor of homebuyers

Fannie Mae finds 81 percent of Americans think the economy is on the wrong track, but the share of consumers who think it’s a good time to buy ticked up in June. Continue reading

Mortgage rates easing on recession fears, but homebuyers not biting

Although fears of a recession are bringing mortgage rates down, would-be homebuyers aren’t rushing to apply for loans, according to a weekly survey of lenders. Continue reading