For some people, the holiday shopping season actually kicks off in September, as retailers rush to provide the earliest discounts and longest-lasting festivities, decorating their stores and offering door-busters earlier and earlier every year. But as you think about what to get your team, maybe this year you should do more than scope out the…
Housing starts, new permits and finished construction all continued to fall in October, according to the latest data from the U.S Census Bureau, with these leading indicators affirming that a quick turnaround for housing this winter is extremely unlikely. Housing starts fell 4.2% from last month, down 8.8% year-over-year. Permits dropped 2.4%, 10.1% lower than…
The research is clear—losing daylight is the same as losing productivity. A steady march into winter means less sunshine every day, and for everyone except those living in Hawaii and Arizona, last week saw a shift to earlier sunsets and sunrises. As real estate enters its slowest season, how do you defy, or shrug off…
Keller Williams, the Texas-based real estate franchisor, reported its year-to-date results for closings, transactions and sales volume, which showed an overall shrinking in domestic markets while the company saw significant growth overseas. “While we are less than pleased to report our sales volume is down by a low, single-digit percentage year to date, there’s immense…
After more than a year of “transitory” inflation, investors and consumers everywhere are celebrating what may be the most positive sign yet that policymakers have started to get a grip on runaway price increases, as the latest consumer price index (CPI) report showed better than expected data. Overall consumer price increases fell to 7.7% year-over-year,…
“The Rise and Fall of iBuying: 2021-2022.” While you shouldn’t hold your breath to see that book at your local bookseller or library—at least not necessarily with those dates—it is starting to look like the much-hyped rise of instant homebuying might end up as a cautionary tale after Redfin became the latest major real estate…
As home prices have begun sinking back toward long-term price trends, rents are also reverting toward expected (and more reasonable) levels in metros across the country, according to new data, after wild increases over the past year or so. “It is clear from the data that rents across the U.S. are reverting back to a…
Where is the light at the end of the tunnel? That is the question that many real estate leaders are asking, as RISMedia’s Broker Confidence Index (BCI) tracked another new low this month, with major brokerages reporting significant struggles with consumer confidence, interest rates and an overall level of uncertainty that has depressed housing activity.…
Tech-focused North Carolina-based brokerage Fathom is aiming to grow leaner as it barrels toward a goal of profitability next year, announcing “deep cost-cutting measures” on a Q3 earnings release yesterday and adjusting Q4 projections downward, even as the company maintains revenue and agent growth. “Fathom’s revenue grew by more than 10%, and our agent network…
Real estate has changed—maybe forever. Since the upheaval of 2020, which began with a global pandemic and has since sprawled into a variety of fundamental shifts in how people approach work and life, real estate professionals have guessed at just how much this will affect the notoriously slow-moving housing industry. Would remote work have only…
Limited housing inventory will prevent large home price drops for most of the country next year, says Yun. Read more.
