Inflation concerns not reflected in latest mortgage rate survey

A weekly mortgage rate survey from Freddie Mac shows rates continuing to slide, but the snapshot of average rates over a seven-day period doesn’t fully reflect new data that’s pushed rates up this week on renewed worries about inflation. Continue reading

Days on market drops by nearly 50% amid inventory crisis

New listings are up 19.1 percent year over year, but demand continues to outpace new listings, leading to increasingly fewer days on market. Continue reading

NAR forum: We’re at a ‘hinge point’ in American politics

At the Realtors Legislative Meetings, Mara Liasson and Van Jones talked polarization, bipartisanship and the issues that could get Republicans and Democrats to work together. Continue reading

Blackstone Group, TruAmerica buy 5,800 apartments in San Diego

In what’s believed to be one of the biggest real estate deals in San Diego County history, the investment firm says it plans to spend $100 million renovating the properties. Continue reading

How long will the housing shortage last? Years — here’s why

Thinking optimistically and knowing a little about U.S. homebuilders and American ingenuity, builders might create an average of 2 million homes annually and achieve a supply-demand balance in about six years. Continue reading

$100K for a home in Brooklyn? Fuggedaboutit!

The New York Times editorial board asked eight NYC mayoral candidates, “Do you know the median sales price for a home in Brooklyn?” Some candidate answers left New Yorkers baffled. Continue reading

Opendoor bounces back in first quarter after pandemic-driven downturn

The beginning of 2021 was better for the iBuyer than the end of 2020, though it still has a ways to go before reaching its pre-pandemic strength. Continue reading

Keller Williams sees rising agent count, sales volume amid hot market in Q1

KW agents closed 272,688 transactions and did $98.1 billion in volume between January and March. The company also now has 180,376 agents across the world. What other insights into the company’s fortunes does the report reveal? Continue reading

89% of all metro areas saw double-digit home price gains in Q1

Amid widespread annual home price growth, 89 percent of all metro areas saw double-digit price gains, according to the National Association of Realtor’s First Quarter Metro Home Prices report. Continue reading