New home sales increase for the second month
Single-family home sales rose by nearly 6% in November over the previous month. But the number was far below 2021.
December 23, 2022
Linda F. Hersey
Linda is a career journalist who most recently served as an Alaska-based political reporter covering the governor and Legislature on issues that ranged from Arctic policy to the economy. She also has a background in content management at nonprofits that include a STEM university and healthcare system. Linda is an avid bird watcher and longtime animal rescue volunteer. She and her husband now live in the Washington, D.C., area.
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- Agents of Change: Sondra Richard is a ‘Cajun Lady’ who caresRichard, a lifelong Baton Rouge resident, leads the Cajun Ladies Crisis Team, a group of volunteers offering assistance and donations after natural disasters.December 23, 2022
- 30-year interest rate continues downward trendFreddie Mac reported another small drop in mortgage rates, with the 30-year fixed-rate mortgage now at 6.27% after six weeks of declines.December 22, 2022
- November home sales drop for 10th straight monthThe National Association of Realtors reported that existing home sales were off by more than 7% from October and 35.4% year-over-year.December 21, 2022
- KW's updated CRM commands an audienceCommand, the brokerage's newly updated agent app, was promoted through two well-attended events and promises to offer a simplified agent experience.December 21, 2022
- Lawsuit over commissions advancesA U.S. district court judge in Missouri denied a request for summary judgment in the ongoing court battle between NAR and a group of homesellers.December 16, 2022
- Do agents hold the keys to Opendoor?Will Holmes, who leads agent growth at the tech-powered real estate company, talks about how and why agents play an essential role with the iBuying platform.December 15, 2022
- Fed raises rates again, but eases paceWith inflation showing early signs of cooling, the Fed announced a half-point rate increase — a quarter point less than its last four hikes.December 14, 2022
- The price is right: Zero-down loans for homebuyersPrograms offering 100% financing can get qualified buyers into homes, helping agents close more transactions.Updated December 17, 2022
- Buydowns can help buyers struggling with high interest ratesEducating buyers about mortgage rate buydowns can mean more closed deals for agents.December 12, 2022
- A year of declines: Redfin sees prices, sales and mortgage rates falling in 2023Redfin economists offer up 12 predictions for the year ahead and foresee a challenging real estate market for agents and brokers.December 6, 2022
- Ryan Gorman leaving Coldwell Banker CEO position as Anywhere reshapes leadershipRyan Gorman is out as Coldwell Banker CEO and Sue Yannaccone is in as the "singular leader" overseeing Anywhere's core brokerages business.December 6, 2022
- For celebrity home buyers, privacy is pricelessAgents who work with high-profile clients like pro athletes and entertainers say privacy, discretion and security are top priorities.December 4, 2022
- CoStar merges Homesnap and Homes.com, cutting 100 jobsThe company is integrating “the best of Homes.com” with Homesnap and Citysnap, said Andy Florance, CoStar CEO and founder.December 2, 2022
- Turnover at the top: Keller Mortgage under new leadershipDavid Smith departs after less than two years; Keller Mortgage CFO assumes the role as interim president.December 1, 2022
- Pending home sales fall for the fifth straight monthOffers to buy homes dropped again in October, and were off 37% year-over-year, as higher interest rates and inflation slowed down real estate activity.November 30, 2022
- Buyers are getting less home for their moneyBuyers in the 100 largest cities have lost up to 1,140 square feet of living space due to higher prices and interest rates.Updated December 1, 2022
- Two housing reports confirm a softening marketEconomic data from the Federal Housing Finance Agency and the Case-Shiller housing index show a continued slowdown in home value increases.Updated January 4, 2023
- Mortgage applications trend higher in mid-NovemberThe number of home loan applications rose for two straight weeks this month, coinciding with falling interest rates.November 28, 2022
- 'Sports and entertainment' proving to be a resilient marketThe niche area of real estate services for pro athletes and entertainers is largely insulated from the broader economic downturn.November 28, 2022
