Manhattan housing market posts biggest 3rd quarter in 3 decades

Luxury apartment sales surged approximately 226 percent year over year and almost 33 percent from the previous quarter, according to Douglas Elliman. Continue reading

DropOffer launches app that taps the ‘Off-Market’ for more inventory

Patent-pending technology connects users with any home not currently on the market, opening up much-needed inventory for agents and consumers. Continue reading

Pending home sales beat projections following 2 months of declines: NAR

Pending home sales finally saw some positive growth in August, following two consecutive months of declines in June and July, the National Association of Realtors reported. Continue reading

New home sales see modest gains for second consecutive month

Sales of newly built single-family homes hit a seasonally adjusted annual rate of 740,000 in August 2021, up 1.5 percent from the revised July rate, according to the U.S. Census Bureau. Continue reading

Multifamily housing starts deliver August surprise; single-family falls

Privately owned housing starts beat expectations in August while single-family starts declined by nearly 3 percent, according to data issued Tuesday by the US Census Bureau. Continue reading

Home sales will cool off for the rest of this year and next: Fannie Mae

Projected growth in new home sales wouldn’t offset expected drop in existing home sales, according to Fannie Mae’s latest monthly forecast. Continue reading

Miami neck-and-neck with pricy Calif. metros as home prices surge

Another year of home price growth has pushed some metros to extremes, including Miami, where income growth hasn’t been able to keep up, according to new data from OJO Labs. Continue reading

Keller Williams on inflation, cooling prices, inventory uncertainty

Price growth is likely to slow down next year, and a correction may await on a more distant horizon, but 2022 should nevertheless be a good year for home sales. Tune into Inman’s Deep Dive on Keller Williams all week long. Continue reading

Existing-home sales rise for second consecutive month in July

Total existing-home sales in July 2021 rose 2 percent on a seasonally adjusted annual basis from June to a rate of 5.99 million, according to the National Association of Realtors. Continue reading