Existing-home sales fall in July as low inventory, high rates take toll
Weighed down by low inventory and high mortgage rates, existing-home sales fell in July, to 4.07M — or 16.6% lower than a year earlier, according to data from the National Association of Realtors
by Ben Verde Aug 22
An economist's take on housing prices, affordability, opportunity
Opinion
Windermere Chief Economist Matthew Gardner looks at the latest numbers and the markets that still offer affordable options
by Matthew Gardner Aug 21
Compass' cash burn situation shows signs of improvement
Compass was caught flat-footed last year when the market changed, but it executed a necessary turnaround to sustainability
by Mike DelPrete Aug 21
'An awakening' to New Hampshire as luxury second-home destination
The pandemic first started opening luxury buyers' eyes to New Hampshire's second-home market opportunities, and now more and more ultra-luxury buyers are catching on
by Lillian Dickerson Aug 18
Controversial Florida foreign buyer ban survives 1st major court battle
US District Judge Allen Winsor denied a request by plaintiffs to stop the state from enforcing the law because it is based on citizenship, not race, so does not violate the Constitution, fair housing
by Lillian Dickerson Aug 18
How to counteract Gary Keller's latest recession prediction
In opening remarks at Keller Williams' Agent Mega Camp, Gary Keller predicted a 'rolling recession' in 2024. What is it and what does it mean for you and your clients?
by Christy Murdock Aug 18
Redfin CEO says housing sales volume has hit 'rock bottom'
Redfin CEO Glenn Kelman on Wednesday told MarketWatch that current transaction levels — sustained primarily by people who absolutely need to move — are about as low as they ever get
by Daniel Houston Aug 18
Q2 2023 earnings roundup: A shift away from growth at all costs
Real estate companies and related industries faced down the down market by cutting costs to offset declines in revenue
by Christy Murdock Aug 17
Mortgage rate surpasses 7% in new 2023 high as demand falls again
Even after adjusting for seasonal factors, applications for purchase loans fell for the 5th-straight week as mixed inflation data raised doubts Fed will ease, pushing mortgage rates to new high
by Matt Carter Aug 16
Texas, Florida buyers are trading civil rights for affordability: Redfin
Residents in Florida and Texas would rather live in states with abortion care and LGBTQ rights, but affordability worries force them to stay in their current states, according to a new Redfin survey
by Marian McPherson Aug 16
In crucial Q2, real estate separated wheat from the chaff: Intel analysis
The biggest publicly traded brokerages and tech companies significantly slashed losses in the second quarter, restoring investor confidence, according to an Intel analysis of Q2 earnings data
by Daniel Houston Aug 16
A stock analyst reveals the 2 big winners from Q2 earnings season
Among the publicly traded real estate enterprises to release second-quarter earnings reports this month, 2 companies stood out for John Campbell, a managing director at analytics firm Stephens
by Daniel Houston Aug 16
Rating agencies issue more cautions about banking industry
It's not just regional banks but larger lenders, such as JPMorgan and Bank of America facing uncertainty if interest rates stay higher for longer, analysts at Fitch and Moody's said
by Matt Carter Aug 15
Mortgage assistance for Hawaii fire victims includes forbearance help
Fannie Mae, Freddie Mac and the Federal Housing Administration outlined relief for homeowners as FEMA and the state of Hawaii rushed to provide emergency housing for displaced residents
by Matt Carter Aug 15
Gary Keller: A 'rolling recession' will hit the US housing market in 2024
Keller Williams kicked off its Mega Agent Camp on Tuesday with remarks from Gary Keller, who warned of a 'rolling recession' while predicting agents will survive treacherous economic terrain
by Marian McPherson Aug 15
Better 1 step closer to long-delayed IPO with approval of SPAC merger
Shareholders on Friday overwhelmingly approved a plan to merge mortgage lender Better HoldCo with the Aurora Acquisition Corporation. The deal is expected to close before the end of August
by Taylor Anderson Aug 14