Pending home sales tick up as buyers make cautious comeback

The Pending Home Sales Index (PHSI) rose by 2.0 percent to 72.0 in February, according to new data released Thursday by NAR. But contract signings fell 3.6 percent compared to last year. Continue reading

Pending home sales tick up as buyers make cautious comeback

The Pending Home Sales Index (PHSI) rose by 2.0 percent to 72.0 in February, according to new data released Thursday by NAR. But contract signings fell 3.6 percent compared to last year. Continue reading

Weak demand drives up share of homesellers cutting prices

The typical home sold for 0.3 percent less than the original asking price in the past month, according to a new report from Redfin. Continue reading

Essential workers sacrifice space and home age to afford their rent: Zillow

Millions of renters throughout the U.S. are often forced to choose smaller and older homes to afford their rent, according to a recent report from Zillow. Continue reading

What on earth is going on with lumber prices?

Even though lumber prices have ticked down a bit recently, they’re still drastically up from where they were last year. So, what’s happening? Here’s a breakdown. Continue reading

Timber may soon follow lumber in upward price trend

Pandemic-fueled housing demand is finally beginning to catch up with years of oversupply in the timber industry that resulted from the 2008 financial crisis. Continue reading

Agent/broker perspective: How can broker’s resolve frustrations over uneven commission splits?

Each month Anthony Askowitz explores a hypothetical real estate situation from both sides of the broker/agent dynamic. This time: A buyer’s agent is upset about listing agents demanding a larger piece of the sales commission. How should her broker react? Continue reading

C.A.R. President on housing crisis: ‘Our state’s future is on the line’

California Association of Realtors President Jeanne Radsick believes 2020 is the time for her state to pass pro-housing legislation. Continue reading