Prices will fall in 2023. But savings will be negligible due to headwinds

Home prices could fall by 8 percent, but rising mortgage rates and a “mild recession” will blunt the savings in buyers’ pockets, according to Capital Economics’ new U.S. Housing Market Outlook. Continue reading

Zillow launches street-view home searching with Apple Maps

Homebuyers can now get a street-view look at listings, thanks to Zillow’s newest integration with Apple Maps. Dubbed “Look Around,” the feature is available in 19 markets. Continue reading

Redfin adds down payment assistance feature to website

Starting Thursday, homebuyers can scout down payment assistance programs on Redfin listings, thanks to the brokerage’s new partnership with Down Payment Resource. Continue reading

The most advantageous time to buy a home is right now, new data shows

The housing market’s summer rush may have lessened the impact of a deep drop in demand, according to new data from Attom. But what will happen in the historically slow months of fall? Continue reading

Mortgage rates haven’t been this chaotic since Black Monday: Study

A buyer looking at $500,000 houses in July would have seen their potential monthly payment fall by $177 in August, then rise by $328 since. Continue reading

Bidding wars fall to lowest level of pandemic as mortgage rates inch up

Only 44.6 percent of offers written by Redfin agents in August faced competition, the lowest rate since April of 2020, according to new data released Friday. Continue reading

How Realtors can guide clients to a transparent buying process

Companies seeking to use technology to add transparency and reduce friction in the homebuying process are particularly useful now, experts said during an Inman Connect Now virtual event. Continue reading

RealScout launches 19th Buyer Graph in Southwest Florida

Fourteen brokerages have partnered to launch the Southwest Florida Buyer Graph, which hosts real-time anonymized buyer data and habits and climate risk data. Continue reading

Households with school-age kids likely to lead fall homebuying rush

Households with school-age children will account for 22.5 percent of all home sales over the next 10 months, according to analytics firm TKI’s latest predictive report. Here’s how to market to them. Continue reading

This is the best time for homebuyers’ agents to lock in a deal this fall

Realtor.com’s “Best Time to Buy” report revealed Sept. 25 to Oct. 1 is the best time for buyers to seize early-season savings as rising mortgage rates and booming inflation clobber demand. Continue reading