Two-thirds of pandemic ‘boomerang kids’ still live at home

More than two years after moving in with their parents, many millennials and Gen Zers have yet to leave, according to a new report. Those still in the coop use their time to pay down debt and save for homeownership. Continue reading

Is the summer rush obscuring a deeper housing slowdown?

The seasonal summer boom in the housing market has gone head-to-head with dramatically cooling market conditions. The latest data reflects the market appears to be “losing steam.” Continue reading

‘Shrinkflation’ looms as incredible shrinking home hits luxury markets

The size of the typical $1 million home plunged to 2,350 square feet in early 2022 after peaking at 3,021 square feet in mid-2020, according to new data released Tuesday from Zillow. Continue reading

Housing is cooling. In some places, rents have yet to get the memo

In more than half of America’s largest cities, rents continue to post double-digit annual growth. And in some cases, they’re speeding up, according to Zumper’s most recent report. Continue reading

What does ‘housing recession’ even mean? Economists don’t really know

The phrase “housing recession” has exploded in popularity, according to an analysis of search terms. But pinning down what it means and where it originated is surprisingly difficult, experts told Inman. Continue reading

‘The appraisal process is an absolute joke’: The Real Word

On this week’s TRW: Find out what Byron Lazine and Nicole White have to say about the future of appraisals, incentive-based recruiting and this week’s Left, Middle, Right. Continue reading

Manhattan’s luxury market sees worst sales week since Aug. 2020

Signed luxury contracts in Manhattan hit a new low during the week ending Aug. 21, according to a report from Olshan Realty Inc. Luxury agents say there are a number of reasons why. Continue reading

Reali closing its doors and laying off most of its workforce

California-based real estate brokerage and power buyer cites “challenging real estate and financial market conditions and unfavorable capital-raising environment.” Continue reading

Pending home sales post modest decline in July after a rocky June

Pending transactions were down 19.9 percent year over year, but just 1 percent month over month, according to data released Wednesday by the National Association of Realtors. Continue reading