Keller Williams kicked off its Mega Agent Camp on Tuesday with remarks from Gary Keller, who warned of a “rolling recession” while predicting agents will survive treacherous economic terrain. Continue reading
Price declines were bigger in the spring than in the late winter, according to quarterly home sales data issued Thursday by NAR. But to real estate agents in most U.S. markets, it didn’t feel that way. Continue reading
A drop in supply was enough to offset the drop in demand, sending prices up 2.6 percent in July. That’s the biggest jump since November, according to Redfin. Continue reading
A decrease in applications for FHA loans popular with first-time homebuyers helped push the average purchase loan application to $432,700, according to the latest MBA lender survey. Continue reading
Prices rose 0.7 percent from April to May after adjusting for increases typically experienced in spring, according to estimates released Tuesday by CoreLogic and the Federal Housing Finance Agency. Continue reading
Lack of inventory driven by mortgage lock-in effect may persist if the Federal Reserve maintains a ‘higher-for-longer’ rate strategy to combat inflation, Fannie Mae economists said. Continue reading
It doesn’t matter that there are fewer buyers to compete against. Rising mortgage rates and depleted inventory continue to erode options. Continue reading
Consumer confidence in the housing market “appears to have plateaued at a relatively low level,” said Fannie Mae Chief Economist Doug Duncan in a new homeowner survey released on Friday. Continue reading
Existing-home sales are expected to tumble to a 12-year low by the end of 2023, but they won’t stay that way for long, Realtor.com Chief Economist Danielle Hale predicted on Wednesday. Continue reading
The average sale price nationwide just exceeded 100% of list price for the first time since August of last year, according to a new market report from Redfin released on Thursday. Continue reading