In projections released Monday, economists expect 5.78 million homes to change hands this year, representing a 16.2 percent decline from a year ago — a steeper drop than the 15.6 percent pullback forecast in July. Continue reading
Redfin said it expects rental growth to continue to slow, but markets with strong job growth and limited new housing construction will likely continue to experience large rent increases. Continue reading
Are we in an economic recession or a market-imploding housing recession? This week, Byron Lazine and Nicole White discuss the impact of low builder confidence, the changing real estate industry and politics from left, right and center. Continue reading
High mortgage rates, challenging affordability and a gloomier economic outlook are keeping buyers on the sidelines, Mortgage Bankers Association forecaster Joel Kan said. Continue reading
Zillow and Opendoor’s new partnership may be shocking, but their alliance may work. Experts Byron Lazine and Nicole White discuss what’s next, consumer confidence, and introduce a new politics segment that is sure to open the door to some big discussions Continue reading
A steep drop in gas prices offset the rising costs of housing and food for many families. Prices were still up 8.5 percent year over year, says a report from the U.S. Bureau of Labor Statistics. Continue reading
Fed Chairman Jerome Powell hinted Wednesday that the U.S. central bank is looking to dial back the pace of interest rate hikes as soon as the impact of previous increases shows up in inflation data. Continue reading
Florida and California are most at risk of experiencing a housing downturn during a recession, according to Redfin. Both states saw exorbitant growth during the pandemic-fueled buying rush. Continue reading
“In the next half of the year, buyers are in a rare position to negotiate prices and deal terms,” a new Canadian luxury market report from Engel & Völkers stated. “Some homes will still command multiple offers, but they will be fewer in number.” Continue reading
A 2019 law seeks to prevent rent from climbing too much too fast, but prices are set to grow by 10 percent thanks in part to rampant inflation. Continue reading