Life is the force that will define the 2024 spring housing market
Team leader and new Inman contributor Diana Sutherlin says agents must approach the spring market with enthusiasm, preparation and adaptability, and be ready to navigate every opportunity
by Diana Sutherlin Dec 20
Housing starts defy expectations, surge to highest point since May
Housing starts jumped 14.8% between October and November to a seasonally adjusted annual rate of 1.56M. That's 9.3% higher than they were in December 2022
by Ben Verde Dec 19
Flyhomes announces 3rd round of layoffs since 2022
The Seattle-based brokerage and mortgage lender announced another round of layoffs on Friday. Flyhomes had layoffs in July and November 2022, with one round impacting 20% of its workforce
by Marian McPherson Dec 19
Fannie Mae, MBA economists still expect mild 2024 recession
The good news for real estate pros is that closely watched forecasts agree home sales will bottom in Q4 2023, and mortgage rates are looking ready to come down significantly next year
by Matt Carter Dec 19
Builder sentiment improves on heels of falling mortgage rates
Builder confidence in the market for single-family homes rose 3 points to a score of 37 during December, the first monthly improvement since August
by Ben Verde Dec 18
MLS Reinvented: A manifesto for the industry
Opinion
Join the conversation about the future of the MLS at Inman Connect New York in January, where we’ll be discussing this manifesto, and much more
by Brad Inman Dec 18
20 year-end-review questions to guide your 2024 business plan
Reflection, renewal, rethinking old ways: This is the perfect time of year to reevaluate the way you do things, writes Nikki Beauchamp. Here, she shares 20 questions that should guide the process
by Nikki Beauchamp Dec 16
Can an LA condo set a $50M record? Agents say, why not?
LA's luxury condo market has never seen a sales price above $35M. But some agents say that under the right conditions, a condo could sell for more — and it soon may be just the right time
by Lillian Dickerson Dec 15
NAR President: Commission changes will 'marginalize' buyers
NAR President Tracy Kasper appeared on CNBC's 'The Exchange' Thursday to discuss mortgage rates, affordability and the potential harm of changes to the current commission structure
by Marian McPherson Dec 15
Rates keep falling, and buyers and sellers are springing into action
Listings and pending sales hit the highest level in roughly a year, according to a new report from Redfin. Still, a record number of contracts were canceled
by Taylor Anderson Dec 15
Recapping the resilience of the 2023 housing market
Opinion
Despite unprecedented challenges, and the predictions of naysayers, the residential real estate market showed surprising strength in 2023, according to industry analyst Michael Gifford
by Michael Gifford Dec 15
Stop! Before you send that buyer listings, ask these 47 questions
If you don't ask your buyers the right questions, writes broker associate Cara Ameer, before you travel too far down the road with them, you could end up wasting their time and yours
by Cara Ameer Dec 14
Mortgage rates poised to drop as Fed projects 3 cuts
Federal Reserve policymakers anticipate 3 rate cuts by the end of next year, but investors and some economists think the central bank may cut faster and harder, with relief by spring
by Matt Carter Dec 13
Homebuyers continue to take advantage of falling rates
Demand for purchase mortgages has picked up in 5 out of the past 6 weeks, and applications to refinance have roared back, jumping 27% from a year ago, MBA survey shows
by Matt Carter Dec 13
High-income renters are top prize as ownership hurdles pile up: Poll
Luring high-income renters into homeownership will only become more challenging as costs stay high, according to experts and a survey of US consumers conducted by Dig Insights and Inman
by Chris LeBarton Dec 13
Confused about condos? Here's everything you need to know
Selling detached or single-family condominiums comes with a host of unusual issues. Trainer Bernice Ross shares what you need to know to provide expert service to your clients
by Bernice Ross Dec 13