Real Estate Industry News & Insights
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REAL ESTATE AGENTS NOW EXPERIENCE TWITTER BLUE
Source: Realty Biz News --- Did you know that there are almost 176,000 real estate agents working in the United States? That's a significant amount of potential competition. The industry is already dog-eat-dog as it is, but now it's harder and harder to get the word...
Gen Z And Millennial Renters Have Lower Inflation Rates Than Overall U.S. Population For First Time In 2 Years
Source: Redfin --- Young adults taking on a new lease are getting some relief as rental price growth slows, helping cool their personal inflation rates. Gen Z and millennial renters have lower personal inflation rates than the overall U.S. population for the first...
How the Fed’s escalating fight against inflation is hitting the hot housing market
Source: CNBC --- The Covid-19 pandemic caused chaos in the U.S. housing market, with prices skyrocketing, inventories dwindling and intense bidding wars. Then came record inflation, which drove the price of everything higher. The U.S. Federal Reserve, though, is...
Housing market enters recession territory. Here’s what that means
Source: Deseret News --- If you’ve been paying attention to the U.S. housing market, you’ve likely seen words like “correction” and “recession” crop up more and more. Earlier this week, National Association of Home Builders CEO Jerry Howard warned on Fox Business’...
Colorado, Utah, Idaho metros had the biggest share of sellers dropping home prices in June
Source: Fox Business --- A significant number of sellers around the U.S. are cutting prices as high mortgage rates and fears of a potential recession keep many prospective buyers at bay. A recent report by Redfin indicated over 25% of home sellers in three-quarters of...
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