Homes built during the pandemic boom are now going up for sale, according to Redfin's latest market report. The share of new construction homes reached 29%, marking a new high for any Q3 on record.
Read More »Real Estate Agents’ Long-Term Career Sentiment Dips
A new Realtor.com analysis reported only 4 in 10 new agents are confident about a long-term real estate career. Industry experts suggest mentorship, cash reserves, and a full-time commitment are the keys to early success.
Read More »Share of Black, Asian American Homebuyers Decreases YoY
As inflation and limited inventory continues to affect buying power of homebuyers, the greatest impact was felt by Black and Asian Americans, as figures for both declined an overall 6% according to the National Association of Realtors.
Read More »Nationwide Inventory of Active Listings Climbs Nearly 34% YoY
Active listings surged 33.5% year-over-year to the highest level since 2020, while the median list price grew by 13.3% in October. New data from Realtor.com's October 2022 Monthly Housing Market Trends Report reveals how these numbers are shifting.
Read More »NAR Report Finds Fintech Apps Most Impactful Realtor Tools
The latest NAR Tech Survey revealed eSignature, Lockbox, and MLS apps/technology to be the three most effective technology tools for Realtors’ businesses, as nearly half of Realtors believe the metaverse will have a significant impact on real estate.
Read More »Rising Rates Hampering Housing Market Demand
The latest market report from Fannie Mae revealed a possible economic slowdown in coming months, which would reduce housing demand even further. Meanwhile experts predict prices and rents may stabilize or even fall in some markets within the new year.
Read More »FHFA Publishes New Uniform Appraisal Dataset Aggregate Statistics File
“As home valuations are a vital component of the mortgage process, publishing transparent, aggregate data on appraisals provides useful information to the public while protecting borrowers’ personally identifiable information,” said FHFA Director Sandra L. Thompson.
Read More »Slowdown in Supply and Demand Force Sellers to Improvise
As many would-be home sellers are holding onto their existing homes, properties are now staying on the market longer according to the latest Zillow analysis, leaving sellers to try and draw in homebuyers with attractive listings and price drops.
Read More »Pending Home Sales Drop in September
The National Association of Realtors’ latest Pending Home Sales Index showed transactions sliding by 31% year-over-year. Contract signings also pulled back in all four major U.S. regions, with inflated mortgage rates continuing to hinder homebuyers from purchasing a home.
Read More »Vacant Homes in Foreclosure Record Third Consecutive Quarterly Increase
The number of zombie properties inched upward in Q4, and though they remain a small portion of the market at just one in every 13,000 residential properties nationwide, those numbers are projected to grow in the aftermath of foreclosure moratoria lapsing.
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