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Alena BotrosFortune |
“It’s that unique confluence of strong demand, no supply because there’s no resale inventory, and large public builders with a meaningful...
Higher mortgage rates could trigger more pullback in sellers, Realtor.com’s chief economist wrote in a weekly report.
“If we look at where a 10-year Treasury yield is trading or settling, that’s a key driver of where mortgage rates are going,” BNP Paribas’...
"If you look at the oil embargoes, you look at 17% interest rates, you look at the 2007 financial crisis, realtors learn to adapt, change their sales,...
“Rising home prices are a double-edged sword,” a Redfin senior economist said.
“The reality is that about 70% of sellers are also buyers, so sellers are sensitive in this environment as well,” Zillow’s chief economist said.
“It seems increasingly likely that mortgage rates are not going to come down any time soon,” Bright MLS chief economist said.
The typical luxury home sold for a record $1,225,000 in the first quarter of this year, according to Redfin.
“The combination of high mortgage rates and prices have brought homebuyers’ median monthly housing payment to a record $2,775,” Redfin’s Dana...
Redfin’s Glenn Kelman discusses his business, salary, and all things housing with Fortune.
It’s “slower than long-term norms but a welcome slowdown for first-time buyers compared to the rapid appreciation seen over the pandemic,”...
If mortgage rates come down, 2024 could prompt some homeowners to dip a toe into the housing market, according to Realtor.com.
But home prices falling for years is “not the end of the world,” according to Meredith Whitney.
San Francisco, San Jose, and San Diego all have an average home value above a million dollars.
“San Francisco has lost some of its appeal post-pandemic,” a local realtor said in a new Redfin analysis.
Austin has its own set of weaknesses but will eventually “join the other southern metros in enjoying a decent recovery,” according to deputy chief...
Metropolitan areas with more mortgage-free homeowners are seeing the largest jump in listings, a new Zillow analysis finds.
“Housing has become so financially burdensome in America that some families can no longer afford other essentials,” Redfin’s economics research...
The continued existence of remote and hybrid work means offices are staying empty.
Seven of Realtor.com’s top 10 hottest housing markets are within a two-hour drive of the Bay State capital.
It seems as though baby boomers still have a leg up on millennials.
Meredith Whitney sees young men living with their parents for longer and says it could lead to years of declines in home prices
“This isn’t an unequivocal win across the board,” Mark Karlan, a lecturer in finance, real estate, and law at UCLA told Fortune about the big...
“While the recovery in housing market activity will be gradual, resilient supply and demand dynamics underscore that it is not a source of...
“The pandemic housing-market boom changed the definition of a starter home,” a Redfin senior economist said in a new analysis.
“If rates go down just another percentage point,” the Shark Tank star said, “prices are going to go through the roof.”
“Because housing costs have soared so much, many young adults with family money get help from Mom and Dad,” Redfin’s chief economist, Daryl...
Home prices and rents are high, but the latter “will remain by far the most cost-effective option” until the end of 2026, Capital Economics...
But that’s an improvement from last year when they needed to close a more than $40,000 shortfall, according to a new Redfin analysis.
“The week of April 14–20 is expected to have the ideal balance of housing market conditions that favor home sellers, more so than any other week...
“Unbelievable demand has sort of been the story of the last five to seven years, and that’s due to really the villain being supply,” Invitation...
Redfin's chief executive says the firm is getting “more aggressive” on selling homes directly to consumers following the settlement.
Assoc. dean Ken Johnson, whose research focuses on real estate economics, still expects sellers’ agents and buyers’ agents to split home-sales...
Home price appreciation superiority comes down to stronger employment growth and affordability, according to Capital Economics.
The Federal Reserve’s interest rate hikes will be felt across the housing market for decades, Redfin CEO Glenn Kelman said.
The initiative metastasized into what appears to be an effort to skirt state housing laws altogether.
“Across the age spectrum, at every point, owners are substantially further to the right than renters,” says Aziz Sunderji, a former analyst who...
New listings aren’t enough to bring all would-be homebuyers off the sidelines because affordability doesn’t seem to be improving meaningfully.
“Climate risk is a big deal,” says Realtor.com economist Jiayi Xu, adding that “people are tolerating these risks in exchange for more...
The median new home size is the smallest it’s been in more than a decade.
“While the economy is strong on paper, a lot of families aren’t feeling the benefits because they’re struggling to afford the house they want or...
Fears of a “silver tsunami” are overblown, John Burns Research and Consulting’s vice president of demographics tells Fortune.
Fears of a “silver tsunami” are overblown, John Burns Research and Consulting’s vice president of demographics tells Fortune.
Low inventory and high housing costs were the two major challenges in last year’s housing market, but more supply is entering the market.
“If a developer sees an opportunity, or sees a need to build more homes, it’s a lot easier to get that done when the government isn’t telling...
The national housing market is now worth $47.5 trillion, after a 5.3% increase over the last year, per a Redfin analysis of over 90 million homes.
When a city is missing hundreds of thousands of much-needed homes, the “character of your neighborhood,” an obsession that’s existed for...
“The house is fine,” Dr. Lewis Bruggeman told a local CBS station. “It’s not threatened. It will not be red-tagged.”
“They want to build a massive building,” a longtime resident told Fortune. “It’s too big, it’s too high, it’s too dense.”
“Every crisis is different, and we’re not in a crisis now,” James B. Lockhart III said.
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