Inventory is up, but the pace of sales remains slow
The latest monthly report from Realtor.com offers a familiar refrain: The market is sluggish, due in large part to affordability.
February 2, 2023
Dave Gallagher
Director, News Reporting
Dave's journalism career spans 24 years covering business, the economy and real estate in Northwest Washington. He's also a numbers nerd, examining data to spot emerging trends in industries. Having started his career as a sports writer, he's a lifelong baseball and soccer fan and recently discovered pickleball. He grew up in Yosemite National Park and earned his journalism degree at Humboldt State University in northern California.
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- MLS-owned software company launches new scheduling toolUtahRealEstate.com, one of the largest MLSs in the West with more than 20,000 members, announced its new software product from MLS Aligned.January 30, 2023
- Sunshine state irresistible to buyers in 2022A new NAR analysis found that Florida led the way in population growth in 2022, with net migration far exceeding that of runner-up Texas.January 30, 2023
- Mortgage companies getting closer to 'one-click' experience for buyersFintech companies Better and Tomo recently launched services to speed up the home loan process for borrowers.January 27, 2023
- As more companies merge, who is dominating the tech landscape?Inside Real Estate’s purchase of BoomTown is part of a trend of consolidation across the industry, leading to a handful of major players in tech.January 27, 2023
- Zillow's new AI-powered search helps shoppers find their ideal homeThe natural language search feature is the first of its kind on a major consumer real estate portal.January 26, 2023
- Interest rates continue downward trend, but what’s next is unclearThis week's rate of 6.13% is nearing a level where it may create some demand, particularly from first-time homebuyers.January 26, 2023
- 'Don't get complacent': Realty ONE sets sights on further growth, new marketsEven as the market was slowing, Realty ONE was continuing to add offices. It’s something Founder and CEO Kuba Jewgieniew is planning to do more of in 2023.January 26, 2023
- eXp inks deal for exclusive lead sourceThe brokerage has formed a partnership with Realty.com, which will give eXp agents access to buyers and sellers in more than 26,000 U.S. cities.January 25, 2023
- Migration hits a new high, with Florida a top destinationNew data from Redfin finds a record percentage of people are looking to move to another metro area, with affordability playing a bigger role.January 24, 2023
- Zillow improves rental tour schedulingApartment hunters can now book tours instantly, thanks to Zillow's focus on tech that powers both consumer and agent experiences.January 23, 2023
- Inside Real Estate embraces 'shared DNA' in acquisition of BoomTownInside Real Estate bought competitor BoomTown, creating a combined reach of more than a half million real estate professionals throughout the industry.January 20, 2023
- December chill could thaw out by spring for a ‘boring’ yearIf mortgage rates continue to decline, we could see a more normal spring selling season, according to a Zillow economist.January 20, 2023
- As interest rates decline, loan activity begins to bounce backThe 30-year fixed-rate mortgage averaged 6.15% this week, the lowest rate since September.January 19, 2023
- Glenn Sanford focused on agents, growth and well-being as eXp moves forwardBy stepping back into the CEO role at eXp Realty, Sanford wants to send a clear message that he’s there to help agents through the market slowdown.January 19, 2023
- A tough start for buyers — and renters — in 2023A new report from ATTOM finds renting is more affordable than owning across most of the U.S., a big change from a year ago.January 18, 2023
- Older Americans will contribute meaningfully to inventory in 2023While families with school-aged children still account for the most listings, retirees and empty-nesters make up a significant market share.January 18, 2023
- Zillow begins rolling out its latest ShowingTime+ featureAn on-demand photography service, now available in a handful of major metros, is the company's latest step in building an agent "super app."January 18, 2023
- Real estate in 2023: A return to 'slow and steady wealth building'Economists and other industry leaders believe the wild ride of 2022 is giving way to a quieter, steadier 2023.January 17, 2023
- Teams are good, boutique teams are better, survey findsIn a new study from Side, agents on boutique teams reported higher levels of satisfaction and higher earnings compared with traditional brokerage teams.January 16, 2023
