News Updates

Unaffordability Expected to Remain Primary Constraint on Home Sales

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Rise in Listings Likely Means Many Homeowners No Longer Willing to Delay Moving Affordability constraints continue to limit the number of buyers willing and able to make home purchases, even as listings of for-sale homes rise, according to the June 2024 commentary from the Fannie Mae (OTCQB: FNMA) Economic and Strategic Research (ESR) Group. As such, the ESR Group downgraded its total home sales forecast to 4.82 million in 2024, representing a modest 1.3

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Company Addresses False Narrative Concerning Revenue Management Software RealPage, a leading global provider of software and data analytics to the real estate industry, issued a statement to correct factual inaccuracies that have been reported related to its revenue management software and its impact on renters. Starting in October 2022, false and misleading claims about RealPage and its revenue management software have been reported to the media and in legal filings.

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The Institutional Impact on Shifting Agent Compensation There has been a lot of buzz in the industry about the NAR settlement and how it will impact all parties, from agents to consumers. But there hasn’t been much discussion about how it will affect institutions. Lenders, servicers, and investors should begin proactively adapting to the changes in agent compensation. Join us on June 24th, for a deep dive into The NAR

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The median U.S. home sale price hit a record high in May as demand continued to outpace supply, with the number of homes for sale roughly 25% below pre-pandemic levels Home sales fell 1.7% month over month in May on a seasonally adjusted basis and dropped 2.9% from a year earlier, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. There have been just two months in the

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Rent performance varies by region, with national average expected to decelerate U.S. multifamily rent growth and occupancy have deteriorated since the 2022 peak, and the 2024 Multifamily Outlook from Yardi® Matrix anticipates further deceleration in the second half of this year. According to the new report, advertised multifamily rents are up 1.1 percent year-to-date, with year-over-year increases maintaining each month at around 0.6 percent. Analysts expect that advertised rent growth will be around

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Inventory Jumped 40%, Home Prices Increased 5%, Sales Exceed 2023 Pace In May, both inventory and new listings grew to levels not seen since the second half of 2022. The number of homes for sale, as surveyed across 53 metro areas, also increased, rising 8.7% over April and 39.6% year over year. And for the third consecutive month, the number of new listings exceeded 2023 levels by double-digit percentages –