Tag Archives: homesellers

Summer slump sees buyers back out of deals at record rates

By | | Uncategorized
Comments Off on 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 →

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

By | | Uncategorized
Comments Off on 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

By | | Uncategorized
Comments Off on 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

By | | Uncategorized
Comments Off on 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 →

‘Buyers are losing faith in the American Dream:’ Redfin CEO

By | | Uncategorized
Comments Off on ‘Buyers are losing faith in the American Dream:’ Redfin CEO

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 →

38% of homeowners couldn’t afford their home in today’s market

By | | Uncategorized
Comments Off on 38% of homeowners couldn’t afford their home in today’s market

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 →

Homeseller sentiment is lukewarm as spring homebuying ramps up

By | | Uncategorized
Comments Off on Homeseller sentiment is lukewarm as spring homebuying ramps up

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 →

10 reasons to embrace the shift to a seller-focused business

By | | Uncategorized
Comments Off on 10 reasons to embrace the shift to a seller-focused business

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 rose 9.5% amid winter inventory boost

By | | Uncategorized
Comments Off on Existing-home sales rose 9.5% amid winter inventory boost

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 →

2024 Spring Outlook: Another tight market, this time with extra anxiety

By | | Uncategorized
Comments Off on 2024 Spring Outlook: Another tight market, this time with extra anxiety

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 →