Zillow reports a five-year high in housing inventory with 1.36 million homes for sale in June, up 17.2% year over year and driving a record 26.6% of listings to cut prices.
Tom Toole breaks down three critical communication strategies every agent should use to avoid getting fired from a listing. With 40% of listings seeing price cuts and cancellations up 17% year over year, clear and consistent communication is more important than ever.
Logan Mohtashami’s Weekly Housing Market Tracker reports that new listings surged to 80,338—the first time in three years the market has broken the 80K threshold. With inventory rising and price cuts reaching 36.7%, agents are finally seeing signs of a long-awaited shift toward normal.
Zillow just downgraded its U.S. home price forecast, now predicting a 1.7% YoY decline by 2026 as inventory climbs and affordability pressures mount.
A new Zillow report highlights the 5 best metros to buy (and sell) this spring. At one million homes for sale, February 2025 had the highest pre-spring inventory since before the pandemic—while sellers in Buffalo and San Jose see 56%+ of homes selling above asking.
The Realtor.com® July Housing Report shows the housing market is becoming more buyer-friendly with a 36.6% increase in active listings and an increase in price reductions.
New reports from Zillow and Redfin highlight the origin and impact of inventory growth in 2024, as more homeowners list their homes while buyers take a step back, pushing inventory up and increasing days on market and the share of homes with price cuts.
A new Redfin report shows a rise in seller concessions — with 45% of sellers providing incentives for buyers, with a record 13% of sales involving both price cuts and concessions.
A new Redfin report shows a record drop in pending home sales and record highs in deal cancellations and price cuts.
For daily real estate news, business and marketing.
