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Housing Market

Bride and groom kiss beneath a copper-framed floral arch in a desert with tall cacti in the background, holding a bouquet of peach and pink flowers.

Housing Market

The Top Ten Cities for Newlyweds—and the Best Wedding Gift Ever!

A new report from StorageCafe reveals the top ten cities for newlyweds, based on factors that support a healthy and happy married life. And a new survey from Realtor.com and Censuswide reveals the #1 wedding gift according to 85% of the respondents.

July 3, 2023

Traffic light with red and green signals visible on a pole against a gray sky.

Housing Market

Mixed Data Complicates Macroeconomic Forecasts

Mixed data complicates macroeconomic forecasts as the June 2023 Commentary by Fannie Mae calls attention to low inventory, continued strength in the labor market, and the likelihood of recession as the Fed continues its restrictive monetary policy.

June 28, 2023

Person using a laptop at an outdoor table, the screen shows a furniture rental page with a sofa and the word RENT and a SEARCH button.

Housing Market

Realtor.com Shows Drop in Rents for May—with More to Come

Realtor.com released its May Rental Report, which shows a 0.5% annual decline in the median asking rent—particularly for two-bedroom units—and economists predict continued rent declines, with an average drop of -0.9% for 2023.

June 28, 2023

Man in a red shirt scrunches his face and holds a tissue up to his eye in a classroom with a chalkboard full of equations behind him.

Housing Market

What Happened to the Spring Market?

It’s officially summer, which means one thing in the real estate industry—we’ve moved past what is historically the busiest home buying and selling season of the year. But if the spring market is really over, it begs the question: what will the rest of 2023 be like?

June 27, 2023

Hand holding a magnifying glass over a densely packed suburban neighborhood

Housing Market

Construction Crisis: U.S. Needs 4.3 Million More Homes

A new Zillow report breaks down the affordability crisis in the U.S. showing the gap between household formation and available housing, which currently sits at 4.3 million missing homes.

June 26, 2023

Housing Market

The Books All Real Estate Agents Need to Read

Byron Lazine, Lisa Chinatti, and Tom Toole discuss the return of the savagely unhealthy housing market, housing inventory reaching its lowest level on record, rising builder confidence, and their top six book recommendations for knowledge brokers.

June 23, 2023

Dark minimalist living room with a tufted gray sofa, round wooden coffee table, and a vase of pink pampas grass on the left

Housing Market

Pale Neutrals Are Out: Why Buyers Are Paying More for Homes Painted in Dark Hues

A new Zillow report shows buyers pay more for homes with interior walls painted in dark hues rather than lighter neutrals—and about $2.5K more for dark gray kitchens.

June 23, 2023

Rolled bundle of U.S. dollar bills with a rubber band on a calendar showing 'PAY RENT!' written in blue ink.

Housing Market

Rent Prices vs. Inflation and Income Growth

Rent has surged by 208% since 1985, surpassing both inflation and income growth, according to new research from Real Estate Witch.

June 23, 2023

Neon sign on a brick wall reading 'PRICE DROP' in green for PRICE and yellow for DROP.

Housing Market

From Growth to Decline: Realtor.com Now Predicts a Drop in Home Prices for 2023

Realtor.com® has issued its 2023 Forecast Update, showing a drop in mortgage rates to 6% by the end of the year, a slight decline in home prices, negative rent growth, and the total count for home sales hitting its lowest point since 2012.

June 23, 2023

Urban shopping district at dusk with modern brick and glass storefronts, pedestrians and street lamps.

Housing Market

Adding “Learn” to Mixed-Use Communities: 70% of Parents Want Quality Child Care in Live-Work-Play Developments

A recent survey conducted by OnePoll in collaboration with Primrose Schools shows nearly 70% of parents want to add quality child care and early education to mixed-use communities.

June 22, 2023

Redfin stock chart with a sharp downward trend and dollar bills on the side, suggesting a financial decline for the company.

Housing Market

Active Housing Inventory for May Falls to Lowest Level on Record

A new Redfin report shows a 7.1% annual drop in homes for sale in May to 1.4 million. Record-low inventory is propping up prices and intensifying competition, boosting the average sale-to-list-price ratio to 100% after nine straight months of sub-100% ratios.

June 22, 2023

Smiling construction worker in a yellow hard hat gives a thumbs up; NAHB and Wells Fargo logos overlay the background behind him.

Housing Market

Unveiling Builder Sentiment: Behind The Rise In Confidence For New Homes

The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) rose five points in June 2023 to 55, lifting builder confidence into positive territory, thanks to solid buyer demand, lack of inventory, and improved supply chain efficiency.

June 21, 2023