A new Redfin report shows nearly a third of all U.S. homes for sale (30.6%) are newly built, marking the highest share of any third quarter on record.
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.
Zillow has released its 2023 Consumer Housing Trends Report showing that 50% of those purchasing homes in 2023 are first-time home buyers. That’s the highest share recorded by Zillow and up from 45% in 2022 and 37% in 2021.
A new Redfin report shows new builds account for nearly one-third (31.4%) of available inventory—the highest second-quarter share on record.
According to a new report from the National Association of Realtors®, annual foreign investment in U.S. existing home sales fell 9.6% to $53.3 billion. International buyers purchased 84,600 existing homes—the lowest number since 2009.
A new report from Zillow highlights the challenges buyers face in today’s market, including higher costs and the severe shortage of affordable housing. A related report shows how builders are adapting by increasing production of taller and smaller homes.
A new Redfin report reveals first-time buyers in the U.S. need about 13% more income to afford a starter home compared to one year ago, largely due to a combination of higher mortgage rates and low inventory keeping home prices high, despite lower demand.
A new Redfin report shows only 1% of U.S. homes—about 14 of every 1,000—have changed hands during the first half of 2023. That’s the lowest national turnover rate in at least a decade.
Here are three reasons why converting office space won’t solve the housing shortage. In the latest episode of Bloomberg’s Odd Lots Podcast, developer Joey Chilelli explains the challenges of converting vacant office buildings for residential use.
Black Knight’s May Mortgage Monitor report shows a new record high for home prices after five consecutive monthly home price gains, reversing the previous year’s pullback. Home prices climbed in 27 of the 50 largest metros with the biggest increase in Hartford, CT.
Byron Lazine and Lisa Chinatti discuss inventory falling into negative territory, the challenges of being a landlord in today’s market, old school marketing tactics to bring back, the jobs report, and Instagram’s new Threads app.
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.
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