Tag Archives: homebuying

Say farewell to the ‘Forever Home’

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You need to earn $100,000 just to afford a starter home. Rachael Hite writes that, like spotting a dodo bird, finding your forever home in today’s market might be a thing of the past. Continue reading →

New homeowners plan to spend 40% of income on repairs: Study

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The cost of becoming a new homeowner goes well beyond down payments and monthly mortgage payments. In fact, the typical homebuyer expects to spend approximately $30,000 on home maintenance, upgrades and repairs in the coming year — an amount that equal… Continue reading →

Agents brace for impact: A future with more unrepresented buyers

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Some think the National Association of Realtors’ $418 million settlement will prompt more homebuyers to transact without agents. Inman asked industry professionals how they’ll handle that situation. Continue reading →

Barbara Corcoran on the $418M NAR settlement: It’s ‘not a big deal’

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Corcoran told Yahoo! Finance she doesn’t believe the effects of the settlement will be as earth-shattering as many make them out to be, but that “the confusion it’s causing is amazing.” Continue reading →

Nepo Babies grow up as data points to new phenomenon: Nepo Buyers

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Thirty-six percent of Gen Zers and millennials who plan to buy a home in the near future intend to use a cash gift from family to contribute to a down payment, according to data from Redfin released Wednesday. Continue reading →

Realtor.com announces the ‘Best Day to Sell’ for 2024

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Listing agents have less than a month to prepare homesellers for the spring housing season, according to Realtor.com’s annual “Best Day to Sell” analysis, published on Thursday. This year, the portal says the week of April 14 is the best time to close … Continue reading →

Agents storm TikTok with flood of complaints after NAR settlement

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Since Friday, real estate agents have been arguing on the video sharing platform that the recent commission suit settlement is likely to hurt both homebuyers and the agents who represent them. Continue reading →

US housing market posted record-setting value growth in 2023

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Despite slowing sales, the value of the U.S. housing market experienced record-breaking growth in 2023, according to Redfin’s latest housing report. The total value of 90 million U.S. homes rose from $45.1 trillion in December 2022 to $47.5 trillion in… Continue reading →

Greg Schwartz’s Tomo launches AI-powered home search platform

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Former Zillow executives Greg Schwartz and Carey Armstrong have launched an artificial intelligence-powered home search portal under their company, Tomo. The portal is available to homebuyers in 21 states. Continue reading →

Many hoped a March rate cut would boost housing. Now, it’s not so clear

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Most real estate professionals believe rate cuts by the Fed will be crucial for a sales recovery, according to results from the Inman Intel Index survey. But the timing on those cuts is hazy. Continue reading →