A new report from Redfin on homeownership shows empty nester boomers own twice as many large U.S. homes as millennials with children. As more of these empty nesters decide to downsize, agents have a unique opportunity to match-make.
A new Redfin report shows fewer American homeowners were locked into mortgage rates below 6% in Q3 2023 compared to a year before. And a recent Steve Harney Tweet highlights plausible reasons for the diminishing power of the lock-in effect as a deterrent.
Two respected analysts, Ivy Zelman and Meredith Whitney, spoke recently on the aging homeowner population and its impact on household growth and the overall U.S. housing market—an impact Whitney described as a “silver tsunami.”
This week, we bring you the top 20 clicked-on articles of 2023 in real estate news, agent marketing, agent tactics, etc., along with BAM’s biggest firsts of the year, including BAMx, our first in-person event (BAM Camp), and two new favorite podcasts.
Lawrence Yun, chief economist for the National Association of Realtors (NAR) reacts to Tuesday’s Census data release showing a surge in U.S. housing starts in November.
After projections from the FOMC meeting were announced yesterday, mortgage rates fell by 27 basis points to 6.82%. Tom Toole shares two scripts you can start using today to share this information.
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.
The MBA, NAR and NAHB wrote a letter to Fed Chairman Jerome Powel urging the Fed to take steps to provide market certainty about rate hikes.
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.
This week on the Hot Sheet, Byron Lazine broke down the newest home price indices from Case-Shiller and the Federal Housing Finance Agency (FHFA), as well as a housing market prediction from Robert Shiller.
As the newest part of his crackdown on “junk fees,” President Biden has targeted hidden rental costs that put additional strain on renters. In full support of these efforts, Zillow has introduced a new tool designed to improve rental cost transparency.
A recent study by Point2 identified the top million dollar markets—small, mid-sized, and large—with the highest shares of homes listed above $1 million. California has four of the top five large markets with the highest shares of homes listed at over $5 million.
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