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Housing Market

Businessperson in a suit drawing a glowing upward arrow labeled 'profit' to indicate growth and optimization of profits.

Housing Market

Home Seller Profits Are Up, along with Homeownership Tenure and Cash Sales

Home seller profits increased from 56.6% in Q2 to 59% in Q3 according to ATTOM’s third quarter 2023 U.S. Home Sales Report, showing the second consecutive quarterly uptick after several declines. Profit margins are down year over year.

October 23, 2023

Businessperson in a suit steps over two jagged arrows, red labeled Mortgage Rates rising and blue labeled Inventory declining, on a dark background.

Housing Market

With Rates at 8%, Housing Market Is On Pace for Fewest Homes Sold since 2008

With rates at 8%, a new Redfin report shows a housing market poised to finish 2023 with about 4.1 million home sales nationwide—the fewest since 2008. Byron Lazine shows how the potential for earning is still high for skilled and motivated real estate agents.

October 20, 2023

Collage of four people against a dark background: a young blonde girl, a smiling Black man with a microphone, an Asian man holding his head in confusion, and a surprised Black man.

Housing Market

Barbara Corcoran Receives Backlash For Saying Now is the “Very Best Time” to Buy a House

Barbara Corcoran is getting flack for saying now is the “very best time” to buy a house, even with mortgage rates hitting a 23-year high. The thing is, she’s not wrong.

October 19, 2023

Man in a light blue shirt looks into an open wallet with a worried expression, against a backdrop of suburban houses.

Housing Market

The Typical American Household is $40,000 Short on Path to Homeownership

A new Redfin report shows homebuyers now need a household income of $115,000 to afford a median-priced home. That’s roughly $40,000 more than the typical U.S. household earns.

October 18, 2023

White box truck with an orange stripe hovering over a map of the United States.

Housing Market

Top 10 US States On the Rise in the Migration Race

A new report from StorageCafe shows an increase in state-to-state migration and highlights the ten states with the highest net migration rate. Four of those are in the Mountain West region, with Idaho at number one.

October 13, 2023

Young man holding his temples in distress in front of a row of colorful suburban townhouses in an outdoor scene.

Housing Market

Home Values Dip & Listings Rise, Buyers More Hesitant than Ever

Housing market updates from Zillow and Redfin show a decline in home values from August to September, an uptick in annual price growth, and a slight increase in active listings as elevated mortgage rates drive buyers away from the market.

October 13, 2023

A family of six sits on the front steps of a house, smiling at the camera.

Housing Market

Buyers Turning to Family for Housing Solutions

A survey from Realtor.com and Censuswide shows one third of prospective homebuyers are moving in with relatives to save for a home. Buyers are also choosing to live with or near family, with the majority of those citing childcare costs as a primary reason.

October 12, 2023

Smiling businessman in a gray suit sits in an office, counting a stack of dollar bills.

Housing Market

How Much Do Real Estate Agents Make?

A recent Forbes article shows the average annual income by state for real estate agents, highlighting the ten states where agents earn the most on average, the ten where they earn the least, and seven states where annual income rose more than 20% in one year.

October 11, 2023

Person lying on back on an American flag spread on a grassy field, seen from above?

Housing Market

Redfin CEO Glenn Kelman’s Warning About the American Dream

In a Fox Business interview, Redfin CEO Glenn Kelman reacted to the latest news on the U.S. housing market, warning that mortgage rates are unlikely to ease in 2023. And a CNBC article shows a decline in consumer sentiment despite an improvement in job numbers.

October 10, 2023

Blonde woman resting her head on her hand, listening thoughtfully to a man opposite her in a bright setting.

Housing Market

How Stressed Are Your Buyers?

According to a new Redfin report, over half (59%) of recent homebuyers say buying a home is more stressful than dating. The report is based on survey responses from roughly 1,000 people who purchased a home in the past year.

October 9, 2023

Businessman seated on a sofa with a row of model houses behind him and price tags showing dollars, illustrating housing costs.

Housing Market

RFK Jr’s Plan to Fix the U.S. Housing Affordability Crisis: Would it Work?

Byron Lazine shares his perspective on a recent RFK Jr Tweet with the president-hopeful’s idea for fixing the U.S. housing affordability crisis, along with some comments on the Tweet and a response from HW’s Logan Mohtashami.

October 5, 2023

Nighttime forest fire on a hillside with bright orange flames and smoke among trees in the darkened sky

Housing Market

High Climate Risk Drives Up Insurance Premiums and Leaves Homeowners Vulnerable

In its report, “The 9th National Risk Assessment: The Insurance Issue,” First Street Foundation shared recent data and projections on the impact of climate-related disasters on home valuation, insurance premiums, and insurability in high-risk areas.

October 4, 2023