Tag Archives: Housing Market

It’s official: NAR reports first full-year membership dip since 2012

By | | Uncategorized
Comments Off on It’s official: NAR reports first full-year membership dip since 2012

The membership of the National Association of Realtors shrank by 1.7 percent last year as the trade group weathered a tough market and major lawsuits. Continue reading →

Lennar fights high home prices with 3 new mid-range models

By | | Uncategorized
Comments Off on Lennar fights high home prices with 3 new mid-range models

The homebuilder announced today the release of three new affordable floor plans for homebuyers in California’s Central Valley. Real estate agents in Shafter, Fresno and Clovis will be able to recommend the mid-$300,000 homes after the New Year. Continue reading →

It’s the most perilous time of year to overprice a home: Opendoor

By | | Uncategorized
Comments Off on It’s the most perilous time of year to overprice a home: Opendoor

Nearly 1 in 4 homes that were overpriced at listing will end up being delisted in the slower fall months, according to a new report. Continue reading →

Share of homebuyers looking to move cities hits new high

By | | Uncategorized
Comments Off on 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 →

Redfin CEO says housing sales volume has hit ‘rock bottom’

By | | Uncategorized
Comments Off on Redfin CEO says housing sales volume has hit ‘rock bottom’

Redfin CEO Glenn Kelman on Wednesday told MarketWatch that current transaction levels — sustained primarily by people who absolutely need to move — are about as low as they ever get. Continue reading →

When handling buyer objections, preparation is key, brokers say

By | | Uncategorized
Comments Off on 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 →

US prices fell this spring, new data shows. Not that anybody noticed

By | | Uncategorized
Comments Off on US prices fell this spring, new data shows. Not that anybody noticed

Price declines were bigger in the spring than in the late winter, according to quarterly home sales data issued Thursday by NAR. But to real estate agents in most U.S. markets, it didn’t feel that way. Continue reading →

US economy avoids recession yet again — no thanks to real estate

By | | Uncategorized
Comments Off on US economy avoids recession yet again — no thanks to real estate

With the gross domestic product eclipsing expectations in 2Q, the US appears to have avoided a long-predicted recession, even as the real estate industry remains mired in a deep contraction. Continue reading →

Redfin CEO: Adjustable-rate loans may push sellers off the sidelines

By | | Uncategorized
Comments Off on Redfin CEO: Adjustable-rate loans may push sellers off the sidelines

In an interview with CNBC on Wednesday, Redfin CEO Glenn Kelman laid out some of the variables that might begin to unlock home inventory in the years to come, including adjustable rate resets. Continue reading →

In 5 months, homebuyers have lost $30K in purchasing power

By | | Uncategorized
Comments Off on In 5 months, homebuyers have lost $30K in purchasing power

It doesn’t matter that there are fewer buyers to compete against. Rising mortgage rates and depleted inventory continue to erode options. Continue reading →