AI technologies and luxury market trends: What agents should know
Now streaming: Watch David Friedman and Kent Czechowski as they dive into new trends being seen in the luxury space and how the integration of AI tech will impact the real estate industry
by Claire Buzzanca Apr 27
Housing drags down US economy for second-straight quarter in Q1
Consumer spending remained high while the broader economy slowed, growing just 1.1% in the first 3 months of 2023, according to data released Thursday by US Bureau of Economic Analysis
by Taylor Anderson Apr 27
Pending home sales end 3-month streak of upticks in dismal March
The Pending Home Sales Index dropped by 5.2% in March to a reading of 78.9 — 23.2% lower than March 2022 levels, according to data released by the National Association of Realtors
by Ben Verde Apr 27
Homebuyer demand for purchase mortgages up despite higher rates
Mortgage rates are expected to ease as markets anticipate Federal Reserve policymakers will raise rates just 1 more time this year and then reverse course
by Matt Carter Apr 26
What the latest Fed survey data tells us about consumer psyches
Opinion
Take a look at the latest SCE Housing Survey which offers a detailed look at consumers’ psyche in regard to the housing market
by Matthew Gardner Apr 26
CoStar Group bucks sluggish market as revenue jumps 13% in Q1
The company, which in recent years has been making inroads into the residential space, reported that both Homes.com and Apartments.com saw significant growth in the first quarter of 2023
by Jim Dalrymple II Apr 25
Home prices have stopped falling. But is it a reversal or a blip?
Two widely cited home price measures confirm that the price drops halted in the early weeks of 2023. But downward pressure on prices remains
by Daniel Houston Apr 25
New-home sales soar to 1-year high in March as purchases leap 9.6%
The strong monthly uptick in sales marked the fourth-straight month of increases as homebuyers eased back into the market and adjust to higher mortgage rates, according to new Census data
by Lillian Dickerson Apr 25
Home sales will be 'subdued' for rest of 2023, Fannie Mae projects
The housing sector's resilience to higher prices and mortgage rates has bolstered prices, but a lack of for-sale inventory is expected to limit sales, according to Fannie's latest monthly forecast
by Matt Carter Apr 25
WATCH: Vaquero Capital's Dominic Chan on the future of proptech
This week, tune in to hear from proptech power player Dominic Chan, as he breaks down the impact of proptech on the industry and the benefits it offers in today’s economy
by Claire Buzzanca Apr 24
Compass CEO: Buyers will deal with higher rates. Sellers? Not so much
During his latest CNBC appearance, Compass CEO Robert Reffkin outlined the catch-22 of higher mortgage rates and why early pandemic boomtowns are facing a devastating bust
by Marian McPherson Apr 21
Buying a home is hard. For first-timers, it's never been tougher
Homes in the lower tier of pricing are still 8% more expensive than at this time last year — and inventory has barely budged, according to a new analysis released Thursday by Zillow
by Daniel Houston Apr 20
After isolated uptick, existing-home sales shift gears in March
Existing-home sales fell 2.4% in March to a seasonally adjusted annual rate of 4.44M — 22% lower than a year earlier, according to data released Thursday by the National Association of Realtors
by Ben Verde Apr 20
Engel & Völkers gets Rocky Mountain high in Pagosa Springs
The shop marks the brokerage's 12th location in Colorado and has been built out of the firm previously known as The Source for Pagosa Real Estate, led by founders Mike and Lauri Heraty
by Lillian Dickerson Apr 19
Millennials and Gen Z have a plan for buying homes: Scratch and win
A majority of Americans born between 1981 and 2013 believe that, short of winning a big-ticket lottery, the likelihood of affording a home in the US is low, according to a new survey by Zillow
by Taylor Anderson Apr 19
Median home price tallies largest annual drop in more than a decade
Pandemic-era boomtowns and tech hubs fueled an annualized 3.3% drop, to $400,528, according to new data. 'There’s this fear that everything will crash,' reports one Redfin agent in Boise, Idaho
by Ben Verde Apr 19