The decline follows a record month for new-home sales, when they hit a 15-year high of more than 1 million in March, according to new data from the US Census Bureau. Continue reading
Pacaso CEO Austin Allison explains how remote working, inventory shortages and co-ownership models are changing the fabric of second-home markets. Continue reading
In April, 47 percent of homes for sale in the U.S. went under contract in less than a week. The squeeze is happening at various price points and in dozens of metro areas. Continue reading
The inventory shortage isn’t going to last forever. In the meantime, studying the economy, real estate market statistics and particularly the new home construction process will make you a fierce competitor in today’s market and the future. Continue reading
Given the soaring costs we’re seeing in almost every aspect of our lives, the end of forbearance programs and rent moratoriums, coupled with the age of boomers who own 42 percent of the inventory, the inventory dam has definitely started leaking. Continue reading
The rising cost of lumber and appliances slowed the momentum of single-family building permits, starts and completions in April. Continue reading
Lawrence Yun, chief economist for NAR, reports that the GDP is back to its pre-pandemic peak, consumers are ready to spend their stimulus checks and single-family housing starts are ramping up. Continue reading
New listings are up 19.1 percent year over year, but demand continues to outpace new listings, leading to increasingly fewer days on market. Continue reading
Realtor.com’s latest weekly market report showed a boost in new listings during the last week of April — a hopeful signal that lower home prices are near. Continue reading
This is the homeseller market crash. Inventory is at historic lows, affordability is rapidly eroding, and rates are climbing. In this first of two opposing opinion pieces on the housing crash, Chris Drayer shares why the classic phrase “now is the time… Continue reading