Nearly half of NYC’s out-of-state buyers come from these locations

Living in New York City remains undeniably expensive, with sale prices in some neighborhoods reaching $7.5 million, yet out-of-state buyers are still drawn to the city, according to “The New York Times.” Continue reading

Zillow, unfiltered: Portal giant adds AI-fueled natural language feature

Consumers using Zillow’s mobile application can now search homes with simple voice prompts based on commute, points of interest, affordability and school access, according to executives. Continue reading

US homebuyer down payments reach new record, outpace prices

According to Redfin, the typical U.S. homebuyer’s down payment hit the highest level in over a decade, at 18.6 percent of the purchase price in June, up from 15 percent the previous year. Continue reading

Borrowers clash on how far rates need to fall before they’re ‘Golden’

How low do rates need to go to reinvigorate the housing market? Buyer and seller responses vary in the latest Inman-Dig Insights consumer survey, suggesting its contours are still being shaped. Continue reading

What homebuyers can expect now: Mandatory consults, exclusive reps

As real estate’s new reality takes shape, buyer agents are exploring new ways to streamline processes and communicate effectively with clients, The Medford Team CEO Carl Medford writes. Continue reading

Big life moments aren’t only factor driving homebuyers in 2024: Poll

Active homebuyers are motivated by numerous factors — including a desire to find a larger or nicer home in this high-rate environment — according to the latest Inman-Dig Insights consumer survey. Continue reading

Pandemic redux? Buyers, sellers disagree on the ‘golden rate’: Intel

How low do rates need to go to reinvigorate the housing market? Buyer and seller responses vary in the latest Inman-Dig Insights consumer survey, suggesting its contours are still being shaped. Continue reading

Highnote launches AI-powered buyer presentation system

In an exclusive interview with Inman, Highnote founder and CEO Mark Choey unveiled his company’s latest products aimed at helping agents “win buyers” in a post-settlement world. Continue reading

Typical monthly mortgage plunges from all-time high recorded in April

The latest adjustment marks the lowest a typical payment has been in six months — and, with a mere 1 percent month-over-month increase, the smallest uptick in five years, according to a Redfin analysis. Continue reading

Falling rates pique buyers’ interest, but not their pocketbooks

A surprise drop in mortgage rates got homebuyers off the sidelines and into home tours. However, affordability and recessionary concerns have kept buyers from making purchases. Continue reading