The number of new listings coming onto the market has plunged since June 2022, according to data released Thursday by Redfin. Transaction levels remain low even as home prices creep higher. Continue reading
The National Association of Realtors recorded 408,000 sales of existing homes in May. Before the pandemic, that number was closer to 530,000. Continue reading
The housing downturn was supposed to bring the market back into balance between buyers and sellers. But recent inventory gains have stalled. Continue reading
According to Splitero CEO Michael Gifford, we’re still in an affordability crisis and unlikely to see a complete housing market tumble in 2023. Continue reading
In these times, double down — on your skills, on your knowledge, on you. Join us Aug. 8-10 at Inman Connect Las Vegas to lean into the shift and learn from the best. Get your ticket now for the best price. An investor who correctly predicted the 2008 f… Continue reading
The housing sector’s resilience to higher prices and mortgage rates has bolstered prices, but a lack of for-sale inventory is expected to limit sales, according to Fannie’s latest monthly forecast. Continue reading
Price growth will pick back up in 2024 and hit a rate of 3.5 percent annual growth every year through 2027, according to a panel of housing experts surveyed by Zillow and Pulsenomics. Continue reading
Real estate firms that work with foreign buyers have seen an uptick in business from outside the U.S., “The Wall Street Journal” reports. Continue reading
When the market emerges from this down period, savvy broker-owners will remain judicious with expenses, three top executives said at Inman Connect New York on Wednesday. Continue reading
The once-frantic pace of consumer price growth has been slowing for months, which may bode well for buyers’ budgets — and their financing, according to new data from the U.S. Bureau of Labor Statistics. Continue reading