Home sales have so much further to fall in 2023, Goldman Sachs says

House purchases are expected to plummet further in the closing months of the year, and the recovery may not pick up speed until 2024, according to a new forecast from the investment bank. Continue reading

Millennial and Gen Z renters are getting walloped by inflation: Study

Gen Z and millennial renters who took on a new lease in July have personal inflation rates of 11.6 percent year over year, according to a new analysis by Redfin released Thursday. Continue reading

Buyers are leaning on contingencies to bail out of deals, Redfin CEO says

During his latest appearance on CNBC, Redfin CEO Glenn Kelman shared how buyers and sellers are locked in a battle of the wills as the market slowly shifts in buyers’ favor. Continue reading

Your prediction about the housing market is probably wrong

Forget the memes. According to broker Teresa Boardman, if you’ve been around real estate for any length of time, you know that the only thing you can expect is the unexpected. Continue reading

More people moving into drought-prone areas than out: Study

Roughly $17 trillion worth of property analyzed for the study had experienced intense drought in August, up 42 percent from a year earlier when $12 trillion worth of property had experienced it. Continue reading

Two-thirds of pandemic ‘boomerang kids’ still live at home

More than two years after moving in with their parents, many millennials and Gen Zers have yet to leave, according to a new report. Those still in the coop use their time to pay down debt and save for homeownership. Continue reading

Is the summer rush obscuring a deeper housing slowdown?

The seasonal summer boom in the housing market has gone head-to-head with dramatically cooling market conditions. The latest data reflects the market appears to be “losing steam.” Continue reading

‘Shrinkflation’ looms as incredible shrinking home hits luxury markets

The size of the typical $1 million home plunged to 2,350 square feet in early 2022 after peaking at 3,021 square feet in mid-2020, according to new data released Tuesday from Zillow. Continue reading

Housing is cooling. In some places, rents have yet to get the memo

In more than half of America’s largest cities, rents continue to post double-digit annual growth. And in some cases, they’re speeding up, according to Zumper’s most recent report. Continue reading