Mortgage rates lead to biggest pending sales drop since October

Rising interest rates and harsh winter weather have dampened homebuyer activity, leading to the biggest drop in pending sales since October. However, there’s optimism for a rebound as spring approaches, fueled by increasing home tours and new listings. Continue reading

A softer rental market isn’t enough to help hopeful homebuyers

The rental market is stabilizing with fewer landlords planning rent increases, according to Realtor.com’s latest survey. But the rent slowdown won’t significantly ease financial burdens for renters who are struggling to save for a down payment or quali… Continue reading

Falling rates helped drive home price growth in Q4, NAR says

U.S. home prices shot up in 86 percent of the 221 metropolitan areas tracked by the National Association of Realtors and rose 3.5 percent in the fourth quarter, according to data released Thursday by NAR. Continue reading

Forget what you think you know about holiday listings

To achieve extraordinary results, The Agency’s Deedee Howard writes, sometimes it pays to ignore conventional wisdom and pursue a more strategic marketing plan. Continue reading

Hawaii legislator floats bill banning foreign buyers from island

Hawaii State Senator Brenton Awa has presented a bill aimed at banning foreign buyers from purchasing or investing in property on the island. The senator said the bill, if passed, would be an important to improving affordability for residents. Continue reading

How to approach and tailor your business plan to today’s market

Watch the latest Inman Access class to hear what industry experts are prioritizing in 2024 and how the current market will impact or change the way they are approaching their business plans. Continue reading

Homebuyer purchase loan demand falls again as mortgage rates firm

After picking up during the first three weeks of January, applications for purchase loans are contracting, with mortgage rates no longer in free fall from 2023 highs. Continue reading

Housing sentiment improves on hopes for lower mortgage rates

Consumer sentiment toward housing increased to the highest level in nearly two years in January, with a record number of Americans expecting mortgage rates to come down in the year ahead. Continue reading

Prank? Protest? Graffitied LA high-rise sparks housing crisis debate

A group of graffiti artists tagged Oceanside Plaza, an unfinished downtown LA luxury high-rise located near the site of the 2024 Grammy Awards. The artists haven’t spoken about their motives, but the art has brought attention to the shortage of afforda… Continue reading