Amid the continued shattering of annual sales pace records, inventory also took a slight hit during October, a report from realtor.com released on Wednesday showed.
The most exclusive communities in the U.S. got even tougher to buy into in 2021, as home prices soared in the nation's priciest ZIP codes, according to real estate data firm PropertyShark.
The dip in mortgage rates this week was small compared to the rise recorded over the last month. Economists say they expect more increases.
The Federal Reserve this month will begin drawing down the support it's provided to mortgage rates during the pandemic.
Industry professionals and social media wags alike reacted to news on Tuesday that Zillow would shut down Zillow Offers, its iBuyer program. Many pointed to CEO Rich Barton's statements on the difficulties of forecasting home prices and the company's Zestimate tool.
Clelia Peters and Homeward CEO Tim Heyl shared with the Inman Connect audience the industry trends every real estate professional should be following.
The real estate industry has been in an era of rapid digitization for the past decade, and venture capitalists are pushing fast-forward on a future where transactions are as simple as buying a new car. Although that future terrifies most agents, Inman founder Brad Inman says it holds plenty of opportunity — if you're open to it.
Indie broker and team leader Kris Lindahl spoke about his brokerage's scholarship program at Inman Connect Las Vegas on Tuesday.
"We realized that relationships matter and that face-to-face contact is irreplaceable," said Vanguard Properties' Nina Dosanjh when discussing the return to office at Inman Connect.
At Inman Connect Las Vegas, Amie Quirarte of Tahoe Luxury Properties and Kymber Menkiti of Keller Williams offered tips for agents who want to stay ahead of the curve.
Home values in the gambler's paradise recently eclipsed records from the 2006 housing bubble. As Inman Connect Las Vegas kicks into gear, agents describe a remarkable run.
Mortgage rates continued their month-long rise in mid-October as buyers and sellers navigated unusual market conditions.