Tag Archives: Markets & Economy

Heading off surprises helps keep deals on track as rates rise

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Power buyers and mortgage lenders are providing certainty to homebuyers and sellers, industry leaders said at Inman Connect on Tuesday. Continue reading →

Gary Keller: 2022 poised to become ‘second worst’ deal year in history

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Keller said during Inman Connect, that transactions could be down nearly as much as during the Great Recession, though he added there are still opportunities for those in real estate. Continue reading →

RealPage software may have pushed US rents sky high, new report says

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The report, out Friday from news non-profit ProPublica, focuses on YieldStar, a piece of software the property management company says on its website is geared toward “optimizing rent pricing.” Continue reading →

It’s time for the mortgage industry to create meaningful options for homebuyers

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Although mortgage companies go all-in on layoffs and bemoan the state of the industry, they’re failing to provide truly helpful solutions that would reassure buyers and get them into homes. Broker Troy Palmquist calls on big banks and MLSs to promote s… Continue reading →

3 reasons New Yorkers are moving to Florida permanently

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What’s incentivizing the migration to Florida? According to Florida real estate agent Bonnie Heatzig, affordability, jobs and educational choice are just some of the reasons people are making the move. Continue reading →

Inflation up 8.2% over last year — and housing is largely to blame

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The government’s estimate of the cost of owning a primary residence rose 0.8 percent in September and was up 6.7 percent compared to a year ago, which is the largest 12-month increase in the category’s history. Continue reading →

Always a bridesmaid, rarely a bride, first-time buyers make big return

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First-time homebuyers now make up 45 percent of all transactions, up from 37 percent of all buyers in 2021, returning to pre-pandemic levels, according to new data from Zillow released Thursday. Continue reading →

US residential rent growth cools to slowest pace in more than a year

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Median monthly rent in the largest metropolitan areas of the United States dropped for a second-straight month in September to $1,759, according to a report released Thursday by Realtor.com. Continue reading →

For the first time, Fannie Mae now expects home prices to fall next year

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Economists at Fannie Mae project national home prices to decline by 1.5 percent and home sales by 21 percent in 2023 as Fed continues inflation fight. Continue reading →

Homebuilding materials remain 38% costlier than normal

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Acquiring construction materials remains expensive for homebuilders, even as a reduction in demand may be relieving supply chains, according to data from the U.S. Bureau of Labor Statistics. Continue reading →