Homebuyers and sellers are struggling to keep up with the rapidly shifting market, according to a Zillow survey of real estate agents, which found many believe home prices will fall steeply in 2023. Continue reading
The share of income required to afford a mortgage has risen to 30.2 percent, well above the established norm of 22.8 percent of a homeowner’s income, according to an analysis by Zillow released Thursday. Continue reading
The company is among the most prominent of the upstart flat-fee brokerages that rose in recent years, but will lose cofounder and CEO Johnny Hanna as the market experiences “turmoil.” Continue reading
Nationally, more than 15 percent of homesellers dropped list prices in July across the 97 metro areas analyzed by Redfin, with Boise, Denver and Salt Lake City seeing the greatest share of cuts. Continue reading
The Lawson team works with high-end properties in Park City and other Utah communities. The team’s jump to eXp is the latest in an ongoing trend of teams migrating to the techie brokerage. Continue reading
More sellers dropped their asking prices in June almost everywhere in the U.S. In some places, more than half of homes for sale saw a cut. Continue reading
A newly leaked document indicates the U.S. Supreme Court is poised to overrule the case that made abortion legal across the country. That could have big implications for where people want to live. Continue reading
The top U.S. housing markets for 2022 are mostly affordable tech hubs with outdoor recreational opportunities that have become attractive alternatives to pricier coastal markets of late. Continue reading
Recent inventory shortages may ease somewhat in 2022, but demand will probably still exceed supply and affordability will be challenging. Continue reading
In an interview ahead of Inman Connect Las Vegas, Thad Wong said blockchain will become part of the real estate transaction, and franchising will help smaller players survive. Continue reading