Economic headwinds and booming interest rates pushed sales down by 3.4% in April as inventory soared 7.2% above March, according to National Association of Realtors data released Thursday Continue reading
Buyers and sellers face a new reality where bidding wars will be rare, days on market lengthen and markets go from boom to bust (and bust to boom). But don’t fear — Inman has you covered. Continue reading
A new report released Wednesday by Redfin painted a bleak picture for homebuyers already fatigued by a tough market. Continue reading
Sales of new single-family homes notched a seasonally adjusted annual rate of 800,000 in September 2021, while the median sales price hit a new record of $408,800. Continue reading
Ownership costs for the median home remain within a normal range but are nearing the point where lenders might start to balk. Continue reading
During the four-week period ending Sept. 5, pending sales rose 6 percent from a year earlier, according to a report released Wednesday by Redfin. Continue reading
The typical home price has been holding roughly steady for weeks as inventory continues its slow path to recovery. Continue reading
The median existing single-family home price rose 22.9 percent year over year during the second quarter of 2021, according to NAR. Continue reading
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
The pending home sales index rose from the previous month in every U.S. region but the Midwest, while all regions saw gains year over year. Continue reading