More and more homes are languishing on the market

In August, nearly half of all U.S. homes had been on the market for 60 days or more, according to Redfin. Days on market has ticked up as high rates have slowed sales. Continue reading

March rents grew dramatically in Chicago and these 4 other cities

Eighteen of the 50 largest U.S. metro areas witnessed rents rise on an annual basis in March, especially in the Northeast and Midwest, where a lack of rental supply is common and owning a home is costly. Continue reading

This city in upstate New York is Zillow’s hottest market of 2024

Zillow is again predicting that more affordable markets will be the ones to watch in 2024, with Buffalo, New York, taking the top spot. Continue reading

Meet Inman’s 2023 ‘Person of the Year’: The Small Broker-Owner

Small brokers may not get as much attention as the big guys, but they make up the majority of the real estate industry’s firms and manage to win David-and-Goliath struggles every day. Continue reading

Renters rejoice! Rental rates fell for 5th straight month in September

Rents for studio, one-bedroom and two-bedroom units fell 0.7 percent between August and September, according to data from Realtor.com. Continue reading

The Agency grows Midwest presence with office in Indianapolis

In March 2022, the brokerage made its first foray into the Midwest with a location in Birmingham, Michigan. Managing Partner Traci Garontakos is leading The Agency Indianapolis. Continue reading

Homebuyer dollar stretching further as rates drop: Zillow

As mortgage rates have dropped from a roughly 7 percent peak, buyers can now buy homes about 84 square feet larger than those they could purchase in October with a $3,000 monthly payment. Continue reading

Fueled by new wealth, ‘ultra-luxury’ real estate tallies big year in 2022

Sales of homes valued at $10 million or more in newly emerged or reemerging markets helped propel transactions in that sector beyond pre-pandemic levels in 2022 while falling short of 2021 levels. Continue reading

What Sandra Bullock can teach real estate agents about winning clients

Crystal White, director of agent development at @properties, told Inman ahead of ICNY Jan. 24-26 that real estate pros need to know their business as well as A-list actors know their lines. Continue reading

Indianapolis-based indie F.C. Tucker Company launches luxury division

Having built a strong foundation of luxury agents and clients, the brokerage was emboldened to launch a luxury arm on the heels of its partnership with Howard Hanna, executives told Inman. Continue reading