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Applications Now Open for NAR’s 2024 Good Neighbor Awards
Five winners will each receive a $10,000 grant for their nonprofit organization. Continue Reading Applications Now Open for NAR’s 2024 Good Neighbor Awards
Rocket Homes App Now on Apple Vision Pro
The Rocket Homes app also supports Apple’s SharePlay, enabling users to show a friend or family member what they see via FaceTime. Continue Reading Rocket Homes App Now on Apple Vision Pro
Additional Reading: Realtor Tools & Insights
Modular Kitchen Market Expected to Grow Nearly 7% Over Next 5 Years
Reportlinker.com announced the release of the report "Modular Kitchen Market, Size, Forecast 2023-2028, Industry Trends, Growth, Impact of Inflation, Opportunity Company Analysis". By breaking down complex systems into simple units, modular kitchen designs...
Property Listing Descriptions Get a Boost from AI
Restb.ai is launching its AI-powered Property Descriptions technology for the US and Canadian real estate industry, making it easier for agents to automate the time-consuming task of creating property listing descriptions. The Restb.ai technology uses...
Why Would a House Not Get Any Offers In Today’s Market
There's no doubt that today's real estate market is...difficult. Homes are spending an outstanding 75 days on the market, up from a low of 31 days set in May 2022. This is the longest time on market since February 2020. Days on market is a metric that tracks the time...
4 Tips to Avoid Overpaying in Today’s Changing Housing Market
Source: Money --- Since the start of the coronavirus pandemic, homebuyers have grown accustomed to overpaying and playing a risky game of bidding wars and waived contingencies. In a recent survey by Money and Morning Consult, 36% of people who purchased a home in the...
43% of homeowners have delayed home improvements and maintenance due to inflation. Here’s why that’s risky
Source: CNBC --- For homeowners, big projects and purchases may be another casualty of rampant inflation, new research suggests. Overall, 60% of homeowners in a recent survey are less comfortable making large purchases for their home or household because of rising...
Surging mortgage rates hitting first-time homebuyers ‘the hardest’: Real estate expert
Source: Fox Business --- While the real estate market shows signs of cooling down after the 30-year fixed mortgage rate hit its highest level since 2008, one expert issued a timely warning to first-time homebuyers: "We've seen rates even above 6%, and it's really...
The Fed plans to ‘reset’ the housing market—raising the likelihood of falling home prices
Source: Fortune --- It’s not just about how expensive housing became—it’s how fast it got there. It only took 24 months for U.S. home prices to soar a staggering 37%. For comparison, the biggest two-year spike leading into the 2008 housing crash was 29%. Heading into...
A COMPLEX MARKET REQUIRES MORE SOPHISTICATED TOOLS
Source: RisMedia --- Each June, as we celebrate National Homeownership Month, it gives us a chance to reflect on the importance of homeownership and the role that real estate agents serve in making the American Dream of homeownership a reality for their clients....
Here’s what the Federal Reserve’s 0.75 percentage point rate hike — the highest in 28 years — means for you
Source: CNBC --- The Federal Reserve raised its target federal funds rate by 0.75 percentage points, the largest increase in nearly three decades, at the end of its two-day meeting Wednesday, in an effort to quell runaway inflation. “We at the Fed understand the...
Investor Home Purchases Slump 17% From Pandemic Peak as Interest Rates Rise
Source: Redfin --- Real estate investors bought 77,829 homes in the metros tracked by Redfin in the first quarter, down 11.5% from the fourth quarter of 2021 and 16.5% from the third quarter of 2021, when investor purchases hit a record high. On a year-over-year...
5 Valuable Home-Selling Lessons We Learned From TikTok
Source: Realtor --- We recently touted TikTok as a great platform to learn valuable tips on buying a home. But don’t worry, sellers—we haven’t forgotten about you. In today’s market, it might seem like you don’t need any other tip for selling your home than to put the...
Is the Housing Market Correcting?
Source: Keeping Current Matters --- If you’re following the news, all of the headlines about conditions in the current housing market may leave you with more questions than answers. Is the boom over? Is the market crashing or correcting? Here’s what you need to know....
I’m the Chief Economist for the National Association of Realtors. Here Are 6 Things To Know About the Housing Market Now
Source: Realtor --- As mortgage rates inch upwards (you can see the lowest mortgage rates you may qualify for here) and home prices keep climbing, many aspiring buyers are wondering: What should I know about the housing market now? So—as part of our series where we...
Recent Posts
Iowa Home Sales and Inventory Gained Strength in May- MBK Rental Living Opens New 330-Unit California Apartment Community
- Florida Realtors Announce $226,000 in Scholarships for 2026-27 School Year
- Alan Greenspan, 5-Term Federal Reserve Chairman, Dies at 100
- Hits and Misses for the Real Estate Week of June 15-19
