Byron Lazine and Tom Toole discuss housing inventory dipping below 1M again, purchase applications increasing by 25%, U.S GDP rising 2.9% in Q4 2022, the rise in housing affordability and sentiment, and how inflation has derailed millennial home buying plans.
Read More
Redfin reports signs of a housing market recovery after a trough in the second week of November 2022. Economists say recovery has begun, with homebuyers returning to the market—but sellers have been slower to jump back in.
Read More
On January 26, 2023, the Biden-Harris Administration announced a Renters Bill of Rights, outlining actions to protect renters and promote rental affordability.
Read More
Black Knight, Inc. reported their “first look” at December’s month-end mortgage performance statistics, showing a drop in 2022 mortgage delinquencies for the year while prepayments reached a third consecutive record low.
Read More
During an epic hour-long BAM webinar with David Childers, the president of Keeping Current Matters (KCM), Byron Lazine asked how agents can articulate to consumers the unique buying opportunity present in today’s market.
Read More
In a recent BAM Webinar, KCM President David Childers joined Byron Lazine to unpack the 2023 real estate market. Here are the key takeaways and talking points for agents.
Read More
Apartment renters in some markets can now instantly schedule tours on Zillow, choosing a day and time that fit their schedules without needing to contact or be contacted by the apartment manager.
Read More
iFinder Offers, the first “dating app” to match home buyers and sellers, experienced an 85% growth in home submissions in 2022.
Read More
A record number of home buyers look to new metros in search of affordability in the latest Redfin report, with 24.6% of Redfin.com users looking to relocate in the fourth quarter of 2022.
Read More
KCM President David Childers will provide you with a clear understanding of the 2023 real estate market in the BAM webinar, scheduled for January 24, 2023.
Read More
The Fannie Mae forecast, published on January 20, 2023, lays out the findings and predictions of the Economic & Strategic Research Group (ESR), including an upward revision for 2022 GDP growth and a downward revision for 2023 home price growth.
Read More
Real estate can be pretty fickle, and constant negative news about mortgage rates, home prices, and layoffs can get people down.
Each week, we’re giving you the most uplifting and positive news in real estate. This industry can get tough, so here’s a little sunshine to start your week!
Real Estate Witch issued the 2023 edition of their Millennial Home Buyer Report, which indicates 92% of millennials say inflation has changed their home-buying plans.
Read More
Zillow reports the U.S. housing market is closer to “normal,” with lower mortgage rates, inventory still less than ideal but more in line with seasonal expectations, and time on market higher than a year ago but lower than pre-pandemic norms.
Read More
Yardi Matrix published its latest National Student Housing Report, projecting another strong year for the student housing market in 2023 after wrapping up its best year on record in 2022.
Read More
Realtor.com just shared its forecast for the top 10 markets for first-time home buyers in 2023, highlighting factors that make those markets ideal for less experienced buyers.
Read More
ardi Matrix® released its moderated 2023 Multifamily Outlook with projections for this year’s rent growth, which it expects to return to historical averages. Inflation, interest rates, and an increase in inventory will likely cut 2022’s rental growth in half.
Read More
Researchers at Capital Economics have shared their predictions on the 2023 housing market, pointing to signs we may be close to a trough, with recent improvements in affordability. But further declines in home prices are needed—if not guaranteed.
Read More
ATTOM released its Year-End 2022 U.S. Foreclosure Market Report, which shows double the amount of foreclosures in 2022 compared to a year ago. Foreclosure starts are up year-over-year but still below pre-pandemic levels.
Read More
A new Redfin report shows rent growth slowing for the seventh consecutive month in December 2022. The median asking rent rose only 4.8% year-over-year, the smallest increase since July 2021.
Read More
Zillow has revealed its 10 hottest markets of 2023, with Charlotte, Cleveland, and Pittsburgh topping the list.
Read More
The Fannie Mae Home Purchase Sentiment Index® (HPSI) rose 3.7 points in December 2022 to 61.0. While that number is only slightly higher than the all-time low index set in October, for agents on the ground, buyer activity has significantly increased in January 2023.
Read More
New Western, the largest private marketplace in the U.S. for fix-and-flip residential investment properties, released their latest report, showing investors remain confident in residential real estate investment for 2023.
Read More
According to 2022 mover migration studies by U-Haul and the North American Moving Services, more people moved to the South and Southwest than anywhere else as Americans migrate to states with more affordable housing and better access to nature.
Read More
Byron Lazine and Nicole White discuss statements by eXp Realty founder Glenn Sanford and Compass CEO Robert Reffkin, the rise in consumer confidence, Jamie Dimon’s confidence in the U.S. consumer, and the redevelopment of unused office space as housing.
Read More
