The phrase “housing recession” has exploded in popularity, according to an analysis of search terms. But pinning down what it means and where it originated is surprisingly difficult, experts told Inman. Continue reading
Fed Chair Jerome Powell’s Jackson Hole speech spooks stock market investors, but long-term interest rates stable as bond markets bet on a slowdown next year. Continue reading
On this week’s TRW: Find out what Byron Lazine and Nicole White have to say about the future of appraisals, incentive-based recruiting and this week’s Left, Middle, Right. Continue reading
Signed luxury contracts in Manhattan hit a new low during the week ending Aug. 21, according to a report from Olshan Realty Inc. Luxury agents say there are a number of reasons why. Continue reading
California-based real estate brokerage and power buyer cites “challenging real estate and financial market conditions and unfavorable capital-raising environment.” Continue reading
Pending transactions were down 19.9 percent year over year, but just 1 percent month over month, according to data released Wednesday by the National Association of Realtors. Continue reading
Applications for government-backed purchase mortgages were up 4 percent week over week, accounting for nearly 1 in 4 loan requests from homebuyers, according to the Mortgage Bankers Association. 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
Nationally, more than 15 percent of homesellers dropped list prices in July across the 97 metro areas analyzed by Redfin, with Boise, Denver and Salt Lake City seeing the greatest share of cuts. Continue reading
Sales of new homes dropped in July to a seasonally adjusted rate of 511,000, which was 29.6 percent below the levels seen in July 2021, according to data released Tuesday by the U.S. Census Bureau. Continue reading