
February Pending Sales Are Up for a Third Straight Month
The National Association of REALTORS® (NAR) announced a third monthly increase in its report on February pending sales, with three U.S. regions reporting increases while the West declined.

The National Association of REALTORS® (NAR) announced a third monthly increase in its report on February pending sales, with three U.S. regions reporting increases while the West declined.

The newest Fannie Mae forecast includes a modest recession in the second half of the year rather than the second quarter. The ESR Group doesn’t expect a repeat of the 2008 Financial Crisis, but something closer to the Savings & Loan Crisis of the 1980s.

The NAR Generational Trends Report for 2023 reveals what consumers of all generational groups look for in an agent when they’re ready to buy or sell.

ATTOM recently released its year-end 2022 U.S. Home Flipping Report, showing a nationwide increase in home flipping. Gross home flipping profits, however, dropped to their lowest level since 2008.

ATTOM released its Q1 2023 Single-Family Rental Return Market report, showing an increase in returns on single-family rentals. Rents are growing faster than home prices in most of the U.S. and faster than wages in two-thirds of the markets analyzed.

Black Knight is one of only six vendors approved by Fannie Mae to support their new home valuation option: value acceptance plus property data.

The Realtor.com® February Rental Report shows a decline in rent affordability, with February marking the seventh consecutive month of single-digit rent increases for 0-2 bedroom units and accelerated rent growth for two-bedroom units after 12 months of slowing.

According to the National Association of REALTORS® (NAR), existing home sales increased 14.5% month over month in February but fell 22.6% year over year. Meanwhile, inventory remains low and higher mortgage rates are keeping sellers on the sidelines.

The 2023 Remodeling Impact Report: Outdoor Features by NAR/NALP revealed the contrast between REALTOR® recommendations for improving a home’s curb appeal and homeowners’ assessment of the emotional impact of each project.

A new Redfin report for February 2023 shows the first annual drop in home prices since 2012, with sales in San Jose and Austin falling 12 times faster than the national average.

The NAHB/Wells Fargo Housing Market Index (HMI) rose two points to 44, marking the third consecutive monthly increase in homebuilder sentiment levels.

A new Redfin report shows a rise in seller concessions — with 45% of sellers providing incentives for buyers, with a record 13% of sales involving both price cuts and concessions.
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