The spring sizzle fizzles: Economic jitters chill buyer demand
Despite a flood of new listings, buyers are cooling off from high prices, rising mortgage rates and economic uncertainty, according to new reports from Zillow and Redfin. Pending homes sales declined 3.4 percent year over year during the four weeks ending May 11, marking the lowest level for this time of the year since 2020.
Compass adds Unlock Upstate Team to expand in Hudson Valley
The 14-agent team, which was previously affiliated with Berkshire Hathaway HomeServices under a different team name, closed over $100 million in sales last year, and has closed more than $410 million since 2020.
RentSpree, TransUnion partner in tenant screening
RentSpree is working with TransUnion to improve how leasing agents and property managers determine a lease applicant’s background.
Consumer sentiment is hurting, but economy hasn’t faltered
The University of Michigan Index of Consumer Sentiment slipped to 50.8 in May, its second lowest reading ever, as Americans fretted about tariffs, inflation and the job market.
Lone Wolf Technologies to wind down popular LionDesk CRM
Lone Wolf began notifying customers of the popular customer relationship manager software's imminent shutdown "a few weeks ago," Lone Wolf CEO Jimmy Kelly told Inman exclusively.
Real estate agent commissions are not falling off a cliff
A new Redfin report indicates that most consumers are still willing to pay for their real estate agents and that last year's NAR rules have had minimal impacts on agent pay.
The market is short 416K homes for middle-class homebuyers: NAR
After a herky-jerky few years, the housing market is at a major tipping point, according to the National Association of Realtors' May 2025 Housing and Affordability Report. The report, which is based on NAR and Realtor.com data, revealed the market needs at least 416,000 listings priced at or below $225,000 to make homeownership affordable to the typical middle-class household.
Builders pull back from new construction once again in April
April's housing data underscores a challenging landscape for new construction, particularly in the single-family segment, and the privately-owned segment isn't far behind.