A home for sale today is nearly twice as likely to be newly built than in 2019 as a glut of unsold projects reaches the market, according to a new report from Redfin. Continue reading
The month saw active listings grow at a rapid pace even as new homesellers declined annually for the fifth straight month, falling 15.9 percent, according to a report. Continue reading
Zillow has lowered its assessment of home values nationwide as the market continues to muddle through an ongoing slowdown in real estate. Continue reading
At Keller Williams’ annual Mega Camp conference, founder Gary Keller prepared agents for a rough 2023 as slowing home sales and other economic factors push everyone to the brink. Continue reading
“While July’s housing market data update is big news, and could get first-time buyers’ hopes up, the future is unlikely to bring meaningful improvement to housing affordability,” Zillow’s latest market report reads. Continue reading
In an Aug. 8 video to agents sure to cause a stir, Altos Research founder and CEO Michael Simonsen posits that the worst the industry may face is a contraction, not a crash. Continue reading
The share of homes listed for 30 days or longer increased 12.5 percent in July compared to a year earlier, with 61.2 percent of homes now sitting on the market for a month or longer, according to Redfin. Continue reading
Falling sales are driving inventory growth, bit it will take more than a year at the current rate for listings levels to get back to normal, according to Black Knight’s latest monthly Mortgage Monitor Report. Continue reading
Speaking at NAR’s Real Estate Forecast Summit on Wednesday, Chief Economist Lawrence Yun said “inventory is turning” and the housing market is heading back toward a pre-COVID normal. Continue reading
The U.S. housing market and economy at large have endured a blizzard of rising home prices and climbing mortgage rates. But take shelter from the storm with these financially sound markets. Continue reading