Goldman Sachs released updated housing and economic forecasts for 2024 through 2027, revealing bearish predictions on home sale transactions over the next four years, along with bullish predictions on home prices.
The National Association of Realtors released its 2024 housing market forecast, with existing home sales reaching 4.71 million in the coming year—even more bullish than Redfin’s recent projections.
On Friday, November 17th, Ivy Zelman joined CNBC “Squawk Box” hosts to discuss the state of the U.S. housing market, new home builder incentives, the impact of mortgage rates on existing home sales, and her outlook for 2024 and 2025.
According to the National Association of Realtors® (NAR), existing home sales in October hit their lowest point since 2010, dropping 4.1% from September and falling 14.6% year over year.
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.
A new Redfin report for Q2 2023 shows investor home purchases falling 45% year over year—the biggest annual drop since 2008 with the exception of Q1 2023.
Realtor.com® has identified the ten Hottest ZIP Codes of 2023. And while housing affordability (or the lack thereof) is still a major issue driving buyer activity, this year’s list shows it’s not the only one.
A new Redfin report outlines the conditions of the real estate market in June, as home prices soar due to a record low number of properties for sale.
Byron Lazine and Tom Toole discuss May’s decline in sales in spite of high buyer demand, declining rents, a popular Twitter account misleading buyers, a summer lift for inventory, crucial tactics and strategies for the rest of 2023, and making the most of your 4th of July weekend.
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?
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.
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.
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