Forced to move? Not quite. The real reasons buyers are shopping now

A surprising share of homebuyers are seeking to “move up” in home. And the next wave of clients may have different priorities in mind, according to the Inman-Dig Insights consumer survey. Continue reading

Summer slump sees buyers back out of deals at record rates

Rising home prices and mortgage rates, and sticker shock from surprise housing costs, pushed buyers to cancel 56,000 home-purchase agreements in June, according to Redfin. Continue reading

Suburban Chicago homeowner hit with $30K property tax bill in error

Homeowner Darryl Lloyd was stunned to receive an errant property assessment of more than $1 million from assessors, causing his bill this year to skyrocket from $1,800 to a whopping $30,000. Continue reading

It’s now a buyer’s market in Manhattan, new report suggests

Rising inventory and shifting seller expectations have given homebuyers the upper hand in Manhattan, according to Douglas Elliman’s latest quarterly report. Continue reading

Realtor.com releases next chapter of buyer agency campaign

Two months after the successful launch of its buyers agency ad campaign, Realtor.com has unveiled the next chapter — this time focusing on how buyers’ agents are key to bolstering homeownership rates in underrepresented communities. Continue reading

Time is of the essence with Zillow’s latest search filter

Thanks to Zillow’s commute time search filter, homebuyers can easily find listings anywhere from 10 to 60 minutes away from their job. The filter is available on Zillow’s mobile app. Continue reading

Median price per square foot is up 52.7% since 2019: Realtor.com

Home values have boomed over the past five years, with New York, Boston and Nashville experiencing double-digit gains in the median price per square foot. Continue reading

Compass CEO Robert Reffkin says the luxury market is back

The luxury market is back. That was Compass co-founder and CEO Robert Reffkin’s primary message during his latest appearance on CNBC’s “Squawk on the Street,” where he talked about home price trends, mortgage rates, and stock market ebbs and flows. Continue reading

Texas, Florida are affordability havens for homebuyers: Zillow

Rising inventory and slowing home price growth have made Austin, San Antonio, Tampa, Orlando and Jacksonville some of the best markets for buyers, according to Zillow’s latest Market Heat Index. Continue reading