New home sales took an 8.6 percent hit in March as rising home prices and mortgage rates made homebuyers think twice before purchasing a new home, according to data released Tuesday from the U.S. Census Bureau Continue reading
Total existing-home sales dropped by 2.7% from February 2022 and by 4.5% from March 2021 to a seasonally adjusted annual rate of 5.77 million, according to the National Association of Realtors. Continue reading
Engel & Völkers’ Beau Blankenship says he attributes selling a mid-construction home at a record-breaking price point in the Florida Panhandle to having a strong network, acquiring a good share of listings in his market, and representing a unique … Continue reading
Competition for condos has been fierce in the past year as buyers once again looked for homes nearer their cities’ urban centers. This follows an early-pandemic softening in the market segment. Continue reading
Ahead of his appearance at Inman Connect New York in April, Realogy CEO Ryan Schneider shares how digitization is at the center of brokerages’ and agents’ survival in the years to come. Continue reading
A new class of tech company is responding to the home inventory shortage by taking sellers to the edge of the MLS — and sometimes beyond — with off-market appeals and more. Continue reading
While 38 percent of experts polled by Zillow believe 2024 will be the year inventory returns to 2019 levels, 36 percent pegged 2023 as the year. The remainder believe we’ll have to wait until 2025. Continue reading
The median existing-home sales price, meanwhile, soared 13.9 percent year over year in November as inventory plunged 13.3 percent, according to data released Wednesday by the National Association of Realtors. Continue reading
Redfin chief economist Daryl Fairweather says homebuyers are finding themselves “priced out of homeownership.” Continue reading
The National Association of Home Builders/Wells Fargo Housing Market Index increased for the fourth consecutive month, to 84 in December, marking a high for the year last seen in February. Continue reading