Florida dominates list of best markets for 1st-time homebuyers

Palm Bay, Cape Coral and Tampa top WalletHub’s list of the best markets for first-time homebuyers. However, a closer look at the rankings shows first-timers may need to sacrifice quality of life for affordability gains. Continue reading

Property bans don’t just endanger Asian buyers — they harm agents

Current and pending laws nationwide represent an invitation for discrimination against the AANHPI community, Asian Real Estate Association of America President Kurt Nishimura writes. Continue reading

Fewer than 2% of homes changed hands in 2023, marking 10-year low

Thanks to low inventory and high mortgage rates, just 14 homes out of 1,000 changed hands in the first six months of 2023, the lowest rate in a decade, according to data released Tuesday by Redfin. Continue reading

35 Hudson Yards still sits half empty 10 years later: Report

Now, about four years after sales first launched, Related Companies is offering price cuts and to cover buyers’ closing costs and taxes among other incentives, to try and move more units as sales lag behind expectations, according to a report. Continue reading

Median sale price climbs to $426K for only 2nd time in US history

Undeterred by elevated mortgage rates, homebuyers battling over scant inventory pushed June’s median sales price to the second-highest level in history, according to new data released Monday by Redfin. Continue reading

Rise above the rest: How to win listings in a challenging market

In this Inman Access video, top agents Jordan Cohen and Santiago Arana discuss what it takes to win listings along with the tactics and strategies they recommend focusing on to see success. Continue reading

‘A case of the Mondays’ can help agents beat a down market

It’s no secret the real estate market in most places isn’t exactly on fire. While that can be demoralizing for agents, there are ways to keep motivation high and business streaming in. Continue reading

Cash is still king as Florida agents navigate ‘wonkiest market’ in years

As the summer housing market in Florida heats up, homebuyers and sellers are discovering a tale of two markets that offers opportunities for luxury buyers — and next to nothing for everyone else. Continue reading

Demand for urban homes will be ‘muted’ for years: McKinsey

Consulting firm McKinsey & Company has found that pandemic-induced hybrid work is here to stay, for better or worse, ensuring permanent consequences for real estate agents in larger cities. Continue reading