November sees the lowest level of new home sales in a year

November sees the lowest level of new home sales in a year

New home sales fell month-over-month in November to their lowest level since last November. But despite this dip, 2023 is poised to be one of homebuilders’ busiest years. Total new home sales... Read more »
Blue May Become Red-Hot in the New Year

Blue May Become Red-Hot in the New Year

Several choices for the 2024 Color of the Year are looking a little blue. Blue tends to mix well with white, beige and gray, which are popular interior colors. So, blue home... Read more »
LeadingRE’s Huntington & Ellis Listed on Inc. 5000 for Fourth Consecutive Year — RISMedia

LeadingRE’s Huntington & Ellis Listed on Inc. 5000 for Fourth Consecutive Year — RISMedia

Huntington & Ellis, A Real Estate Agency, an affiliate of Leading Real Estate Companies of the World, has announced it has ranked No. 2,781 on Inc. Magazine’s annual Inc. 5000 list, a... Read more »
Eric Wu to leave Opendoor at the end of the year

Eric Wu to leave Opendoor at the end of the year

Opendoor founder Eric Wu is leaving the iBuying giant, according to a document filed with the Securities and Exchange Commission on Friday. The filing states that Wu announced his decision to resign... Read more »
2023: A year of retrenchment for the secondary mortgage market

2023: A year of retrenchment for the secondary mortgage market

As 2023 winds to a close, so too does a brutal year for the housing market, a year marked by rising rates, steep home prices, scarce inventory and anemic mortgage originations, compared... Read more »
No, Wall Street investors haven’t bought 44% of homes this year

No, Wall Street investors haven’t bought 44% of homes this year

Are big Wall Street investors really buying 44% of homes this year? The answer is no — not even close. Housing inventory is near all-time lows, but big institutional investors like Invitation... Read more »
2023 was the worst year for homebuyers on record

2023 was the worst year for homebuyers on record

High mortgage rates, a lack of inventory and elevated home prices have turned 2023 into the least affordable year for homebuyers on record. Luckily, economists are projecting some improvements for next year,... Read more »
Low inventory drives U.S. home prices up 5.5% year over year in Q3: FHFA

Low inventory drives U.S. home prices up 5.5% year over year in Q3: FHFA

U.S. house prices rallied again in the third quarter of 2023. In fact, home prices rose 2.1% quarter over quarter and 5.5% year over year in Q3, according to the Federal Housing... Read more »
Low inventory drives U.S. home prices up 5.5% year over year in Q3: FHFA

Pending-home sales rise to highest level in a year in October: Redfin

U.S. pending-home sales rose 1% month over month in October to a seasonally adjusted annual rate of 401,000, the highest level in a year. Although pending sales fell 4.8% compared to October... Read more »
Home prices grew in more than 80% of U.S. metro areas year over year in Q3: NAR report

Home prices grew in more than 80% of U.S. metro areas year over year in Q3: NAR report

Home prices keep moving up, offering few signs of relief to cash-strapped homebuyers. More than 80% of U.S. metro markets saw price gains in the third quarter of 2023, according to the... Read more »