Kaplan Real Estate Education has released its first Real Estate Survey of Trends — highlighting both optimism about client growth and concerns over technology adoption in the industry. Nearly half of survey respondents (48%) expect to grow their client base in the next six to 12 months, with another significant portion projecting flat client volume. […]
Real estate agent optimism holds steady, but AI adoption slow Read More »
Government shutdowns have repeatedly rippled through the real estate industry over the past three decades, delaying loans, snarling flood insurance and rattling buyer confidence. A federal shutdown is days away as of Friday — threatening paychecks for hundreds of thousands of workers, freezing key reports like monthly jobs data and placing a layer of uncertainty
Government shutdown looms large for real estate, mortgage Read More »
I recently gave a talk to a few hundred real estate professionals in Chicago. I started with the map below of the U.S. showing the days on market for pending home sales in different states. It’s a stark illustration that the country is divided into two distinct real estate markets. The states with the shortest
The Great Stay: Why the US housing market is divided in two Read More »
Home sellers expect to spend about $18,500 on expenses, but the actual cost is more than $67,000, according to a new report from Clever Offers, a platform owned by Clever Real Estate. The report found that on average, recent sellers spent: $21,024 on pre- and post-listing repairs and improvements $14,204 on seller’s agent commission $13,691
$67K to sell a home? Consumers drastically underestimate the costs Read More »
DossDocs on Thursday announced the launch of Seller Financing Docs, a product aimed at homeowners locked into low mortgage rates who have delayed a home sale rather than trading in their low rate for a higher one on their next home. The product allows sellers to transfer their low-rate mortgage, often in the range of
DossDocs launches wraparound mortgage product Read More »
Pittsburgh and Cleveland rank as the world’s most affordable major housing markets, but a new report finds that not a single metro area among 95 studied actually qualifies as affordable. The annual Demographia International Housing Affordability report — released by Chapman University — measured affordability by dividing median home prices by median household incomes. Pittsburgh
Pittsburgh, Cleveland top global metro affordability list Read More »
Nearly 58,000 U.S. home-purchase agreements were canceled in July, equal to 15.3% of homes that went under contract during the month, according to a Redfin analysis of MLS data. That marks the highest July cancellation rate since the company began tracking the metric in 2017 — and up from 14.5% a year ago. Analysts point
Home purchase cancellations hit 8-year high Read More »
Existing home sales in July exceeded monthly estimates and demonstrated year-over-year growth. However, it’s important to remember that we started from a low baseline for sales in 2024, so this year-over-year growth needs to be viewed in context. For those who have been following our weekly tracker, we’ve noted that year-over-year data should turn positive
Existing home sales surprise with positive growth in July Read More »
Nationally, existing home sales remain muted even as housing inventory grows, according to a new First American analysis of the 75 largest U.S. metropolitan areas. Inventory in July was nearly 20% higher than a year ago, yet the flow of new listings rose only 5% compared with 2024. That distinction matters, said Odeta Kushi, deputy
First American: Existing home sales remain subdued Read More »
Stellar MLS — the largest multiple listing service in Florida and Puerto Rico — has launched IO Reports, a new tool that offers subscribers access to neighborhood and market insights for any address in the U.S. The new feature — provided in partnership with location intelligence company Local Logic — gives real estate professionals detailed
Stellar MLS launches market, neighborhood reports for agents Read More »