Homebuyers remain sidelined despite more listing options

Even with an uptick in new listings, homebuyers aren’t rushing into the market. Instead, demand has dipped, leaving a growing supply of homes sitting as buyers remain hesitant about their next move, according to Redfin’s latest data analysis. Over the … Continue reading

Typical days on market reaches slowest pace in 5 years: Redfin

Persistent market headwinds resulted in a slow beginning to the year, according to Redfin. The typical days on market reached 54 days this month — the slowest pace since 2020. Continue reading

Zillow teams up with Howard Hanna to offer Listing Showcase

The technology platform is designed to improve marketing for listings. Now, Howard Hanna agents will get to exclusively offer the tool to their clients in Pittsburgh and Cleveland. Continue reading

Engel & Völkers expands into new Pennsylvania markets

The luxury brokerage has entered Pittsburgh and Sewickley, marking its third new location in the Great Lakes Region so far this year. License Partner Elias Pappan is leading the new shops. Continue reading

Luxury home purchases hit record low as buyers eye other investments

Luxury home sales fell 44.6 percent year over year, according to data released Friday by Redfin. Prices are nevertheless still high because inventory is so low, economists say. Continue reading

Howard Hanna merges with New York-based Coach Realtors

The new partnership will see Howard Hanna further extend its reach into New York. Meanwhile, Coach will rebrand to include the Howard Hanna name. Continue reading

Inman’s 2022 Person of the Year: The Howard Hanna family

Three generations of Hannas have grown the family business from a small mom-and-pop brokerage into a juggernaut with 15,000 agents and 400 offices. Continue reading

Asian American homeownership is still lagging: Report

Asian American homeownership rates lag in numerous major cities including New York, Los Angeles and Boston. Continue reading

Frontline workers are at greatest risk of housing shortage

A new study from the Urban Land Institute shows that middle-income households of frontline workers are being impacted most significantly by exacerbated housing shortages as a result of the pandemic. Continue reading

Number of homes for sale declines 15.7% in March

The market started to show a slow down in the second half of March as the coronavirus outbreak settled in, according to data from realtor.com and Redfin. Continue reading