The migration trends that drove housing demand during the pandemic are ending. But that doesn’t mean people aren’t moving, according to an Inman analysis of historic data. Continue reading
Cities in the West that saw prices soar during the pandemic are now cooling while metros in the Northeast and Midwest are showing more resilience, according to a new analysis. Continue reading
The share of $1 million homes in the U.S. dropped from a high of 8.6 percent in June 2022 to approximately 7 percent in January, due in part to higher mortgage rates that have cut into homebuyer purchasing power. Continue reading
A new report from Realtor.com shows that homes were sitting on the market for an average of 67 days in February, up from just 44 last year at the same time. Continue reading
Between February 2020 and January 2023, Black homeowners saw their homes’ values increase by 42.5 percent compared to 38.5 percent for U.S. home values overall. Continue reading
We asked the buzzy new AI tool ChatGPT to write a report for Inman on iBuyers, technology and tips for agents going into the new year. Turns out, the bot might have a bright future in real estate. Continue reading
Daryl Fairweather also said during her Yahoo Finance appearance that “demand is very weak” as both homebuyers and sellers take a breather from the housing market. Continue reading
Rent delinquencies surged in October compared to one month prior as the housing market continues to struggle with high mortgage rates, according to a new survey. Continue reading
CFPB alleges some homeowners who sought forbearance during the pandemic were charged improper late fees and weren’t fully informed of their options. Continue reading
Construction costs remain high. But one of the biggest headaches for builders — obtaining lumber at a steady price — may be normalizing. Continue reading