By the NumbersMortgage rates inch down for fifth straight weekDespite the Fed's half-point rate increase on Wednesday, the mortgage market continues to see declining rates, dropping to 6.31% today.Dave GallagherDecember 15, 2022
BrokeragesTeams on the Move: December editionThe latest movers: Robyn Yates-Gajjar and Sid Gajjar, Grauman Rosenfeld Group, Chad Schwendeman, Victoria FisherReal Estate News StaffUpdated February 17, 2023
By the NumbersFed 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.Linda F. HerseyDecember 14, 2022
By the NumbersHomeowners who want to move feel 'stuck'A recent survey by Point found that 90% of homeowners who'd like to move in 2023 think it would be too costly.Dave GallagherDecember 13, 2022
AgentsThe price is right: Zero-down loans for homebuyersPrograms offering 100% financing can get qualified buyers into homes, helping agents close more transactions.Linda F. HerseyUpdated December 17, 2022
By the NumbersNAR 2023 forecast: Expect a soft landing nationally, with some turbulenceNAR's Lawrence Yun and a panel of four other economists agreed that a crash was unlikely, but discussed both new and chronic issues affecting the market.Dave GallagherDecember 13, 2022
AgentsBuydowns can help buyers struggling with high interest ratesEducating buyers about mortgage rate buydowns can mean more closed deals for agents. Linda F. HerseyDecember 12, 2022
BrokeragesThe Real Brokerage appoints presidentSharran Srivatsaa, who has worked in real estate, finance and tech, will take on the newly created position at the fast-growing brokerage.Dave GallagherDecember 12, 2022
MLS/AssnTrends 2023: A more collaborative MLS landscapeMLSs remain critical to the business of real estate, but many leaders are looking to a new era of less fragmentation and greater cooperation.T3 SixtyDecember 12, 2022
IndustryThe highs, lows and path forward for fintech company KnockCEO Sean Black shares the journey of his company's near-IPO followed by painful layoffs and strategic changes.Dave GallagherDecember 11, 2022
IndustryIndustry Decoded: How to talk about the market this holiday seasonT3 Sixty CEO Jack Miller says there's no reason to shy away from conversations about the housing market, as long as you arm yourself with knowledge first.Jack MillerDecember 10, 2022
IndustryPeople on the move: Promotions, appointments and new hiresThe latest moves: Katie Scherping, Gabe Richter, Marcus Phipps, Jeryl Vallie-CepidaReal Estate News StaffDecember 9, 2022
By the NumbersAs inventory builds, will buyers return to the market in early 2023?The number of homes for sale jumped a record 15% year-over-year, but mortgage rates will dictate affordability and buyer interest.Dave GallagherDecember 8, 2022
By the NumbersMortgage rates continue to soften, but buyers aren’t respondingThe average rate for a 30-year mortgage was 6.33% this week. It’s now the fourth consecutive week of rate drops.Dave GallagherDecember 8, 2022
By the NumbersForeclosures on the rise, but remain in checkATTOM's monthly Foreclosure Market Report found filings were up 57% year-over-years still but well below pre-pandemic levels.Dave GallagherDecember 7, 2022
By the NumbersGreat deals in the Great Plains: Kansas is tops for first-time buyersWichita was No. 1 among the 10 best metros for first-time buyers, offering a mix of affordable homes, good inventory and a higher share of price cuts.Cheryl Reid-SimonsDecember 7, 2022
TechZillow ready to show off ShowingTime+ in 2023Mike Lane, co-founder of ShowingTime, says the unified ShowingTime+ brand is arriving at just the right time for agents.Dave GallagherUpdated December 9, 2022
AgentsAgents Decoded: When it's time to fire your clientBroker J. Philip Faranda knows how hard it is to give up on a client, especially after investing time and effort — but sometimes it's best to say goodbye.J. Philip FarandaUpdated June 16, 2023
IndustryA correction is coming, but the market can handle itBright MLS predicts some ups and downs for 2023, including drops in prices and mortgage rates, and a return to seasonal patterns in the spring.Dave GallagherDecember 7, 2022
By the NumbersA 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. Linda F. HerseyDecember 6, 2022