CEOs of the nation’s largest MLSs converge to shore up rental market

Formed by RentSpree, the “Rental Industry Leadership Board” includes heads of the California Regional MLS, Bright, Beaches and more amid a continued push for Realtors to focus on rentals. Continue reading

The Bronx’s Fieldston emerges as 1 of NYC’s priciest neighborhoods

In an unexpected twist, the Bronx neighborhood saw the median property value increase a stunning 149 percent year over year, bumping it into NYC’s 50 priciest ‘hoods for the first time in Q1 . Continue reading

Housing drags down US economy for second-straight quarter in Q1

Consumer spending remained high while the broader economy slowed, growing just 1.1 percent in the first 3 months of 2023, according to data released Thursday by U.S. Bureau of Economic Analysis. Continue reading

Pending home sales end 3-month streak of upticks in dismal March

The Pending Home Sales Index dropped by 5.2 percent in March to a reading of 78.9 — 23.2 percent lower than March 2022 levels, according to data released by the National Association of Realtors. Continue reading

Homebuyer demand for purchase mortgages up despite higher rates

Mortgage rates are expected to ease as markets anticipate Federal Reserve policymakers will raise rates just one more time this year and then reverse course. Continue reading

What the latest Fed survey data tells us about consumer psyches

Take a look at the latest SCE Housing Survey which offers a detailed look at consumers’ psyche in regard to the housing market. Continue reading

CoStar Group bucks sluggish market as revenue jumps 13% in Q1

The company, which in recent years has been making inroads into the residential space, reported that both Homes.com and Apartments.com saw significant growth in the first quarter of 2023. Continue reading

Home prices have stopped falling. But is it a reversal or a blip?

Two widely cited home price measures confirm that the price drops halted in the early weeks of 2023. But downward pressure on prices remains. Continue reading

New-home sales soar to 1-year high in March as purchases leap 9.6%

The strong monthly increase in sales marked the fourth-consecutive month of such increases, as buyers ease back into the market and adjust to a new landscape of higher mortgage rates. Continue reading