The Realtors settlement could change how agents work with homebuyers

Apr 3, 2024
In a landmark settlement to several lawsuits, the National Association of Realtors could require agents and buyers to have a written agreement.
A rule change for Realtors could require buyers to pay agents directly, and that has some Realtors worried.
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In the Houston suburbs, a new-home market sizzles 

Mar 26, 2024
Builder incentives like interest-rate buy-downs and the relative affordability of the area are big draws for prospective buyers.
Houston-area real estate agent Lauren Flathouse said some builders offer incentives like lowered interest rates or free appliances to entice homebuyers.
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Suburban home values were up 5.6% last year

Mar 6, 2024
But suburban owners still want to be close to downtown amenities.
Suburban homeowners experienced bigger price gains than homeowners near city centers over the last year, according to Redfin.
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Are we finished with starter homes?

Feb 27, 2024
A staple of the American housing market, starter homes still exist. But these lower-priced residences look different and cost more now.
Starter homes are characterized by their lower cost, smaller scale and fun-size trappings, like a dining alcove instead of a dining room.
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Profits from sales of median-price homes fell slightly last year, but are still pretty huge

Jan 25, 2024
People who sold a median-price home last year made more than $120,000 in profit on a typical sale, according to a new report out today from the property data company ATTOM.
High home sale profits might be a sign that the market is starting to normalize.
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Will 2024 be the year the housing market gets slightly less tough?

Dec 27, 2023
High mortgage costs, low supply of houses for purchase and high rents made for a pretty bleak year. But there's a glimmer of light on the horizon.
“Single-family houses are starting to seem like a luxury good," said Chris Mayer of Columbia Business School.
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With high prices and interest rates, homebuyers feel the pressure

Dec 8, 2023
Realty firm Redfin said homes are less affordable than at any time since they started tallying the numbers 11 years ago.
Someone with median income would need to spend more than 40% of their monthly wages to afford the median home this year, a new report by Redfin shows
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For public good, not for profit.

Home prices in Detroit are on the upswing

Nov 29, 2023
They were up 6.7% in September from a year ago, according to an index out this week from S&P CoreLogic Case-Shiller — the highest of the 20 metro areas.
Above, a view of Woodward Avenue in Detroit. Home prices in the city climbed 6.7% in September from a year ago, according to the S&P CoreLogic Case-Shiller index.
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New construction homes are playing a bigger role in the housing market

Nov 27, 2023
New home sales fell 5.6% in October, but they're still up 18% over last year. And they make up a record share of total inventory.
Homebuyers may be able to find deals right now on new homes that began construction during the housing boom, says Redfin economist Daryl Fairweather.
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America needs more houses, but homebuilders are hobbled by high interest rates

Oct 18, 2023
The number of completed homes rose last month. But further up the housing pipeline, homebuilders are starting fewer projects right now.
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