Share of homebuyers looking to move cities hits new high

Homebuyers have been dropping out of the market. Of the ones who are still in, more are eyeing a cross-city relocation, Redfin data suggests. Continue reading

When handling buyer objections, preparation is key, brokers say

Buyers with doubts need to know they’re being heard. A well-oiled process for responding to their objections can help, Bianca D’Alessio and Aaron West said Thursday at Inman Connect Las Vegas. Continue reading

Home search startup Dash rolls out new construction info for agents

Dash, which aims to improve how real estate agents access information about new construction projects, has released a beta test of its software in Miami, the company announced last week. Continue reading

Virginia is for lovers, irked buyers, stubborn sellers and bidding wars

Despite sales falling by double-digits, agents and brokers in Alexandria, Richmond and Norfolk, Virginia, anticipate a summer of heated bidding wars, tough negotiations and market headwinds. Continue reading

A first-time buyer in WW2, client becomes homeowner again at 100

The North Carolina centenarian, who bought her first home in the 1940s, is settling in at the “lovely house” where she’ll live with her son, news station WSOC-TV reported. Continue reading

Florida bans Chinese citizens from buying real estate over 2 acres

On May 8, Gov. Ron DeSantis signed Senate Bill 264. The new law restricts real estate purchases in the state by citizens of China, Russia, Iran, North Korea, Cuba, Venezuela and Syria. Continue reading

And the cheapest state to buy a home is…

Although median home price growth has slowed from its once-maniacal pace, purchasing a home is still an expensive feat as existing-home prices reached $375,700 in March. Inflation and elevated mortgage rates have created additional financial pressure a… Continue reading

Homebuyer dollar stretching further as rates drop: Zillow

As mortgage rates have dropped from a roughly 7 percent peak, buyers can now buy homes about 84 square feet larger than those they could purchase in October with a $3,000 monthly payment. Continue reading

Mortgage rate swing created ‘more normal’ market in December

Slowing mortgage rate growth impacted homebuyers and sellers in different ways in December, according to Zillow’s latest market report. The dip was enough for buyers to navigate the winter market, but wasn’t enough for would-be sellers to list. Continue reading

Glenn Kelman calls millennials ‘the roommate generation’

For years, real estate professionals have looked to millennials to push the housing market forward as previous generations slow their homebuying and homeselling activities. However, several obstacles — overwhelming student loan debt, stagnant wage grow… Continue reading