First-time homebuyers fell further behind this year, NAR says
The share of recently bought homes that went to first-time homebuyers fell to less than 1 in 4 between July 2023 and June 2024, according to a new report
by Taylor Anderson Nov 4
Loose election talk is creating anxiety for agents and clients alike
With the 2024 presidential race among the tightest in memory, hundreds of agents and brokers told Inman the real estate industry is encountering prickly situations amid a contentious election
by Daniel Houston Nov 4
The economy is humming along — leaving real estate in the dust: Intel
Brokerages have been plagued by falling sales and tapering price growth, rendering broker fees stagnant at a time when most sectors are enjoying robust gains, according to a new Intel analysis
by Daniel Houston Nov 4
The power of perseverance: Rebuilding strength amid crisis
Harness the power of perseverance to move forward and support our communities as they rebuild from recent natural disasters, coach Darryl Davis writes
by Darryl Davis Nov 2
Weak jobs, manufacturing reports provide no relief for mortgage rates
Hurricanes and strikes were expected to dent job creation, and bond market investors are looking ahead to next week's election, Fed meeting and government bond auctions, analysts say
by Matt Carter Nov 1
Falling rates help boost Fannie and Freddie loan volumes, net worths
Mortgage giants Fannie Mae and Freddie Mac provided backing for $164B in purchase mortgages in Q3, up 10% from Q2, while remaining profitable and growing their combined net worths to $147B
by Matt Carter Nov 1
RE/MAX revenue declined 3.4%, US agents continue to depart in Q3
A new quarter saw continuing trends for RE/MAX Holdings in decreasing revenue and US agent count, but the franchisor also vastly improved its net income year over year
by Lillian Dickerson Oct 31
Inflation cooled in September, nearing the Fed's 2% target
Mortgage rates inch up as an expected decline in key inflation gauge does little to change expectations for Fed rate cuts among investors who fund most home loans
by Matt Carter Oct 31
Share of renters paying under $1,000 hits record low, Redfin says
Only 32.1% of renter households currently pay less than $1,000 in monthly rent — a sharp decline from 35.2% in 2022 and 50.4% in 2012, according to an analysis from Redfin released Wednesday
by Richelle Hammiel Oct 31
Broker Spotlight: Josep Turro, Chi Wei Chin of The Agency Barcelona
Find out how these world travelers bring their shared global perspective to serving a worldwide network of clients and welcoming them home to Spain
by Christy Murdock Oct 31
Latest jobs, GDP reports point to November Federal Reserve rate cut
Relief would be good news for would-be homebuyers, although purchase loan applications are still up 10% from a year ago as mortgage rates hit highest levels since July, MBA survey shows
by Matt Carter Oct 30
Compass bucks tough market as revenue, agent count grow in Q3
The brokerage drove $1.5B in revenue — an 11.7% improvement over the same period in 2023, according to a third-quarter earnings report on Wednesday spanning July, August and September
by Jim Dalrymple II Oct 30
Renewed buyer activity boosts pending home sales 7.6%
Easing mortgage rates and increased inventory in September undercut buyer anxiety from the previous months, leading to a 7.6 percent month over month increase in contract signings.
by Marian McPherson Oct 30
Real estate was ahead of the curve in fighting discrimination
A recent initiative by professional sports organizations is seeking to do what Realtors have been doing for more than a year: Pledging to do more to create inclusive communities
by Ryan Weyandt Oct 30
US home prices rise modestly amid affordability strains
US home prices were up in August, with both the Federal Housing Finance Agency (FHFA) and S&P CoreLogic Case-Shiller Indices recording a 4.2% annual gain
by Richelle Hammiel Oct 29
Mortgage rates back at 7% as bond market investors stage rebellion
'Bond vigilantes' figure 'no matter which party wins the White House and the Congress, fiscal policies will bloat the budget deficit and heat up inflation,' Wall Street veteran Ed Yardeni warns
by Matt Carter Oct 28