Home sales seen as immune from economic pessimism

Americans’ confidence that the economy is on the right track is at its lowest level since 2013, but that’s not expected to hurt home sales, with homebuyer demand still outpacing available listings. Continue reading

Why tough conversations with buyers can’t wait

With chronic inventory shortages and rising home prices in markets around the country, having tough conversations with homebuyers is both inevitable and necessary, so don’t delay them, panelists at Inman Connect Las Vegas advised on Tuesday. Continue reading

Rent growth catching up to home price increases in major cities

In 2021, East Coast rents made steady gains while West Coast rents remained stilted — until recently, a new report released Tuesday from Zumper reveals. Continue reading

Wealth, taxes and politics: The Las Vegas housing market’s wild ride

Home values in the gambler’s paradise recently eclipsed records from the 2006 housing bubble. As Inman Connect Las Vegas kicks into gear, agents describe a remarkable run. Continue reading

Homebuyer demand sags as mortgage rates continue to rise

With the Federal Reserve expected to begin tapering its purchases of mortgage-backed securities as soon as November, market forces are pushing mortgage rates higher.  Continue reading

Outlook improves for home sales through end of 2021, beyond: Zillow

Strong numbers of pending home sales and applications for purchase loans have pushed up sales forecasts through the end of the year. Continue reading

Home sales predicted to close out 2021 with surprising strength

Fannie Mae economists now expect that when the final numbers are in, sales of new and existing homes will grow by 4.7 percent to 6.8 million. Continue reading

As list prices continue to soar, not all homebuyers are willing to play ball

Homesellers have been pushing list prices to new heights, but a report released Thursday by OJO Labs indicates buyers aren’t as eager to shell out for the pricier pads. Continue reading

Mortgage rate projected to top 4% in 2022 as Fed tapering plan nears

The Fed could begin tapering as soon as November, adding momentum to market forces that have been pushing mortgage rates up in recent weeks. Continue reading

‘OK Boomer’: Older homebuyers make gains as millennials struggle

Baby boomers made gains over first-time homebuyers in the decade before the pandemic, growing to 24 percent of recent home purchases in 2019, according to a new analysis from Zillow. Continue reading