Gary Keller: It’s a do-or-die housing market for real estate agents

In his State of the Housing Market address on Sunday, Keller Williams’ co-founder Gary Keller explained how chaos will force agents to become better competitors — or be left behind. Continue reading

Study sounds the alarm on $187B ‘climate housing bubble’

A study led by economists at the Environmental Defense Fund identifies some surprising regions, such as Appalachia and northern New England, as overvaluation hotspots. Continue reading

‘My clients were flabbergasted’: Cool markets heat up ahead of spring

Low inventory combined with pent-up homebuyers looking to make their dollars go further is already driving up competition this spring, real estate agents told Inman. Continue reading

Redfin sees revenue fall, losses mount amid tough market in Q4

The portal and online brokerage saw revenue fall 25 percent year over year during the fourth quarter of 2022, and lost a total of $61.9 million, according to an earnings call Thursday afternoon. Continue reading

Builders still on bumpy ride, but demand may have bottomed out

New-home starts took a hit in January but remain higher than they were in November. And builders see a path forward to stronger sales, according to a new report from the U.S. Census Bureau. Continue reading

Zillow sees revenue dip in Q4, but manages to trim losses

The portal giant brought in $435 million in revenue during the fourth quarter of last year and lost $72 million, according to 4Q22 earnings released Wednesday afternoon. Continue reading

Demand for purchase loans sinks as mortgage rates rebound

Mortgage rates have been inching up from 2023 lows following a strong jobs report and January’s Consumer Price Index readout, which shows only a slight cooling in inflation. Continue reading

Homebuilders are feeling a lot more optimistic as market begins to thaw

Builder confidence rose seven points in February, to 42, according to the latest NAHB Housing Market Index. It’s the highest score since September and the largest one-month increase in a decade. Continue reading

Cost cutting and existentialism: What to expect from earnings

Large publicly traded real estate companies are about to share their numbers from the most brutal quarter in years. Analysts are bracing for the worst — and watching to see who can thrive. Continue reading