What the early ’80s inflation crisis reveals about today’s home market

The Fed has raised interest rates to fight inflation in the past. A new Intel analysis illuminates the data behind the “rate lock” of the early 1980s and how long it took home sales to eventually recover. Continue reading

How much does it cost to open up a new brokerage?

Don’t let the costs scare you, Kevin Woody writes. Your willingness to plan and prepare will contribute greatly to your success as a brokerage owner.   Continue reading

Grant Cardone: These are the worst real estate markets to invest in now

After an interaction with an AI chatbot went south, Grant Cardone blasted Austin and Seattle as the worst places to invest in real estate right now given how overbuilt the markets have become in recent years. Continue reading

Buyers need $7,200 more than in 2022 to afford ‘starter’ homes

The annual paycheck for a first-time homebuyer is roughly $64,500 to afford the typical U.S. “starter” home in 2023 — up 13 percent from a year ago, according to a report from Redfin. Continue reading

Fed sending US into a ‘category 5 hurricane,’ Barry Sternlicht says

Starwood Capital Group Chairman and billionaire real estate investor Barry Sternlicht claims Fed inaction has all but ensured a recession is on the way. “Nobody wants to sell anything today,” he said. Continue reading

Texas adjusts to growing pains as outside buyers jockey for homes

With an influx of tech and entertainment giants like Tesla and Universal Studios, not to mention a rising tide of millennial buyers, Texas is bursting at the seams as agents rush to find new listings. Continue reading

Texas surged during COVID. Now, its luxury markets are being tested

Droves of people have flocked to Texas for new jobs, tax and affordability purposes, and political reasons, and the demand from this new class of wealthy buyers is stretching the state’s luxury inventory thin. Continue reading

Has Compass cracked the repeat and referral code? The Download

On today’s Download, check out Compass’ new tracker tool, then check out some of our best recent advice on keeping those past clients percolating through your pipeline. Continue reading

Mortgage delinquency fell to an all-time low in May: Data

For the month of May, 2.6 percent of all mortgages in the U.S. were in some stage of delinquency, a 0.1 percent decrease from the levels seen a year before, according to data from CoreLogic. Continue reading

Harvard: Immigrant communities will save American homeownership

As economic headwinds push native-born population and household formation growth down, Harvard researchers say immigrants hold the key to the housing market’s future. Continue reading