The Consumer Price Index increased 0.2 percent in July and rose 3.2 percent annually, according to data released Thursday by the Bureau of Labor Statistics that suggests inflation is still cooling. Continue reading
Investment in proptech was down 66 percent in the first half of 2023. What’s going on, where’s the opportunity and what information can keep you ahead of the curve? Continue reading
Loan officers and assistance programs are just 2 ways to close the knowledge gap, Zillow Senior Economist Orphe Divounguy and Rocket President Tim Birkmeier said Wednesday at Connect. Continue reading
Demand for purchase mortgages fell for a fourth consecutive week last week as rates continued to climb and inventories of homes for sale remained scarce, an MBA lender survey showed. Continue reading
Homeowners feel locked in and for good reason. But sellers should know the other side of the coin too, agents argued at Inman Connect. Continue reading
Compass’ 2Q revenue dropped 26 percent year over year to $1.5 billion, according to an earnings call Monday. Despite lower revenue, the brokerage reached free cash flow positivity and slimmed net losses. Continue reading
In his opening remarks at Inman Connect Las Vegas, Brad Inman suggested that the real estate industry’s interconnectedness represents a means of capitalizing on the globalization of the market. Continue reading
The company intends to prepare agents and homeowners for the “millions of new high-performing homes improved through the Inflation Reduction Act (IRA),” according to an announcement. Continue reading
Home transactions may be down, but you wouldn’t know it from most brokerage payrolls. Real estate hiring churned along in July, according to new data from the U.S. Bureau of Labor Statistics. Continue reading
With some of the highest home prices in the nation, California buyers and sellers are having an abnormally difficult time managing higher mortgage rates, agents in the Golden State told Inman. Continue reading