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
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
Redfin CEO Glenn Kelman said rising rates and home prices are crushing consumer sentiment. However, rising inventory and a year-end interest rate cut will be key to restoring it. Continue reading
Consistent home price appreciation is touted as the main benefit of homeownership; however, runaway home price growth over the past five years has homeowners feeling locked into a financial prison. According to Redfin’s latest market study, 38 percent … Continue reading
Elevated mortgage rates and home prices have made sellers leery about listing this spring. As a result, 50 percent of homesellers said they’ll be aligning their sales with a late-year rate drop. Continue reading
If agents want to beat out their local competition, writes trainer and leadership expert Jeff Glover, they need to start focusing on owning the listing inventory in their markets. Continue reading
Existing-home sales were on the upswing in February, according to a National Association of Realtors report published on Thursday. The sale of existing single-family homes, townhomes, condominiums and co-ops declined 3.3 percent year-over-year from 4.5… Continue reading
As the first day of spring arrives, three economists shared with Inman why headwinds will continue to plague the housing market in 2024, long after a recovery was expected to revive U.S. home sales. Continue reading
The real estate industry took a beating in 2023 — rising mortgage rates froze home sales, consumer sentiment slid to new lows, several landmark lawsuits threatened buyer-broker commissions, and the National Association of Realtors couldn’t keep itself … Continue reading
The Federal Reserve’s policy shift depressed homebuyer and homeseller activity in January, according to Redfin. Monthly new and active listing growth dropped to the lowest levels since last summer. Continue reading