What’s Actually Happening with Home Prices Today?
Keeping Current Matters
AUGUST 30, 2022
One of the biggest questions people are asking right now is: what’s happening with home prices?
August, 2022
257 
Housing Affordability Falls to Lowest Level Since Great Recession
Eye on Housing
AUGUST 11, 2022
Rising mortgage rates, high inflation, low existing inventory and elevated home prices contributed to housing affordability falling to its lowest point since the Great Recession in the second quarter of 2022. According to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI), just 42.8% of new and existing homes sold between the beginning of April and end.
Join 134,000+
Insiders
Sign Up for our Newsletter
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Trending Sources
Early 2022 Was The Culprit
BubbleInfo
AUGUST 31, 2022
Yesterday’s Case-Shiller Index for San Diego was 425.26, which is 11% higher than it was in January. But check how the trend increased between January and now. Prices rose as fast as ever in early 2021 (yellow above). If they would have mellowed out along my red line, then we would have experienced slightly-increasing prices […].
Number of new listings drops but inventory is climbing
Real Trends
AUGUST 12, 2022
As homebuyer demand slows, potential sellers are becoming more hesitant about listing their homes. During the four-week period ending on August 7, the number of new listings fell 12% year over year, according to a report published by Redfin on Thursday. This is the steepest decline in new listings since June 2020. Observers attribute the decline in new listings to sellers’ awareness of diminishing housing demand, as well as their trepidation of obtaining a new mortgage in this rising mortgage ra
3 Real Estate Office Hacks to Help Kickstart the Busy Season
Advertisement
Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.
Are we in the middle of a housing bubble?
The American Genius for Real Estate
AUGUST 22, 2022
The phrase "housing bubble" is beginning to percolate in some circles, so let's break that down. The post Are we in the middle of a housing bubble? appeared first on The American Genius Real Estate.
Has Inflation Peaked?
Eye on Housing
AUGUST 10, 2022
Consumer prices eased slightly from a 40-year high in July as declines in energy prices offset increases in food and shelter indexes. Despite this improvement, inflation remains above an 8% rate for a fifth straight month. The food index recorded its largest annual gain since May 1979 as all six major grocery store food group indexes increased. Nonetheless, it is.
Sign up to get articles personalized to your interests!
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
More Trending
Sixth recession red flag raised, despite strong jobs report
Housing Wire
AUGUST 5, 2022
What a crazy day for my economic model! On the same day, the Bureau of Labor Statistics (BLS) revealed that we’ve recovered all the jobs lost to COVID-19 and I am raising my sixth recession red flag. When I wrote the America is back recovery model on April 7, 2020, and then retired it on Dec. 9, 2020, I knew one data line would lag the most: jobs!
Housing Market Forecast 2024 & 2025
Marco Santarelli
AUGUST 6, 2022
Here's what some of the experts predict will happen in the housing market in the next five years. According to Zillow, the current typical value of homes in the United States is $354,165. This value is seasonally adjusted and only includes the middle price tier of homes. In June 2021, the typical value of homes was $295,000. Home values have gone up 19.8% over the past year.
Younger buyers drive homeownership rate in Q2 2022
Real Trends
AUGUST 2, 2022
Despite rising home prices , rents and mortgage rates , nationwide, the homeownership rate was up and the rental vacancy rate was down during the second quarter of 2022 compared to a year prior, according to data released Tuesday by the U.S. Census Bureau. During the second quarter, the homeownership rate rose to 65.8% from 65.4% a year prior, which the reports notes is not a statistically significant difference.
The Cons of an Adjustable Rate Mortgage
Realty Biz
AUGUST 24, 2022
Over the last few years it has been an extreme seller’s market characterized by low inventory and rising home prices. Home sellers have been in the drivers seat. Most homes listed for sale have experienced bidding wars with sales prices ending up far over the asking price. It has been the ultimate nirvana for home sellers. Not so much for home buyers who have seen their dream home become more and more expensive.
Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!
Advertiser: Trellis
Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.
Anticipating Cold Weather, Ticket Sales Launch for Return of Lightscape to Brooklyn Botanic Garden
Brownstoner
AUGUST 1, 2022
It is months away, but perhaps thinking about an illuminated cold-season walk through the crisp air at Brooklyn Botanic Garden will get you through the rest of the summer heat. The glimmering spectacle, which debuted in 2021, will light up the garden from November 16 through January 8, 2023, with some… Read More > The post Anticipating Cold Weather, Ticket Sales Launch for Return of Lightscape to Brooklyn Botanic Garden appeared first on Brownstoner.
Best Tips For Estate Sellers
Maximum Exposure Real Estate
AUGUST 7, 2022
What is an Estate Sale? Are you a potential estate seller? The words “estate sale” can mean different things to different people. There are indeed multiple ways to interpret the definition of an estate sale. For example, most people who are not real estate agents think of an estate sale as an auction where furniture […]. The post Best Tips For Estate Sellers appeared first on Maximum Real Estate Exposure.
Is housing inventory growth really slowing down?
Housing Wire
AUGUST 10, 2022
One of the most important housing market stories in recent weeks has been the decline in new listings , which has slowed the growth rate of total inventory. What does this mean? Some have said this is evidence of a soft landing for housing since we are in August and it doesn’t look like we are going to even get to the peak inventory levels we saw in 2019 this year, or even breach the lower levels of 2019 on the national data.
Buyers’ Expectations of Housing Availability Improve
Eye on Housing
AUGUST 1, 2022
For the first time since 2020, prospective buyers expect housing availability to improve. After falling steadily for five quarters, the share expecting the home search to get easier in the months ahead grew from 17% to 22% between the first and second quarters of 2022. Less competition from buyers priced-out of the market by recent increases in mortgage rates is.
Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys
Advertisement
Navigated 360° tours, like YourVRTours, advance pipelines by engaging clients further along the sales funnel. These immersive experiences provide comprehensive property insights, increasing buyer intent and readiness. By embracing navigated tours, agents can optimize property exposure, better qualify leads, and streamline the sales process. Stay ahead in the ever-evolving real estate landscape with innovative technology that elevates buyer journeys and progresses pipelines more effectively.
Modern Convenience for Tenants, Protection for Owners
GeekEstate
AUGUST 10, 2022
[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: SmartRent]. The idea of a Smart Home has been an awe-inspiring staple in portrayals of the future. Although we don’t have completely autonomous homes that can make a strawberry smoothie with a voice command as depicted in the movie Smart House , the technology is getting smarter and more accessible to homeowners every year.
Lower Income Home Options Explained
Realty Biz
AUGUST 21, 2022
Low Income Housing Choices. Are you looking for low priced housing options due to having a smaller income? With home prices having skyrocketed across the country over the last few years it has been harder than ever to find affordable housing. It has been a crazy seller’s market characterized by bidding wars with many homes selling over the asking price.
Should you even care about the Zillow and Opendoor team up?
The American Genius for Real Estate
AUGUST 8, 2022
Is Opendoor and Zillow's simple team up worth any of the hype or critique it's getting? Let's examine the partnership. The post Should you even care about the Zillow and Opendoor team up? appeared first on The American Genius Real Estate.
What Does a Real Estate Agent Do For Buyers and Sellers
Maximum Exposure Real Estate
AUGUST 22, 2022
What Does a Real Estate Agent Do All Day Anyway? Lots of people wonder what a real estate agent does on a daily basis. In the real estate business, a real estate agent’s day can be constantly different. Do they sit around all day waiting for the phone to ring? Do they really do anything […]. The post What Does a Real Estate Agent Do For Buyers and Sellers appeared first on Maximum Real Estate Exposure.
Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media
Speaker: Sarah Santa Ana, Real Estate Coach, Move4Free Realty
Networking is one of the crucial elements in every real estate organization's success. Both agents and real estate companies need to maintain robust networking links. This is why social media is essential for any real estate professional! Social media enables you to stay in touch with your present clients, maintain connections with your past clients, and engage potential customers and investors.
This app lets homeowners generate floor plans of their homes for free
Housing Wire
AUGUST 8, 2022
In a recent survey by the National Association of Realtors , floor plans ranked as the third most desired listing feature for homebuyers, after photos and detailed listing information. But floor plans are a relative rarity on multiple listings services: only 10-15% home listings in the U.S. have floor plans. CubiCasa , a real estate software company based in Finland, launched a new product to enable homeowners to generate floor plans at no cost through their app.
More Prospective Buyers Are Actively Searching for a Home
Eye on Housing
AUGUST 3, 2022
The share of prospective home buyers who are actively engaged in the process to buy a home rose to 49% in the second quarter of 2022, after declining for three straight quarters. The pivot is likely driven by less competition from buyers who have exited the market, which has encouraged many of those remaining to become active buyers. Except for.
Cool listings: $10M ‘House of Sin’ party pad in Hollywood Hills has its own nightclub, casino
Fancy Pants Homes
AUGUST 12, 2022
An 8-story Hollywood Hills home with eclectic interiors and a party-ready setup is looking for its newest fun-loving owners. With a unique set of amenities — that include a two-story nightclub, a games room with casino tables, and a grotto with a jacuzzi — the house looks like it jumped right out of an MTV Cribs episode. Known as the “House of Sin”, the Los Angeles party palace was previously owned by photographer Richard Franklin, who photographed celebrities and more th
What is the importance of Real Estate SEO Now
Realty Biz
AUGUST 24, 2022
There are more than 1.9 billion websites currently active on the internet, and if you plan on generating leads and getting yourself known on the internet, you’ll have a lot of other websites to compete with. But how is it even possible to compete with so many other websites, you might ask? It all has to do with the power of real estate SEO. If you don’t use SEO for your real estate agency, you will find that your agency will remain virtually unknown to the masses.
Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success
Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.
In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.
Unlocking Property Potential with Home Renovations
GeekEstate
AUGUST 29, 2022
[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: Plunk]. While real estate is an appreciating asset, homes often have untapped equity potential. Upgrading a home’s curb appeal, features, and systems while owning the home builds its value as much as paying off the mortgage–yet many homeowners don’t have the tools or knowledge to start.
Appraisal Myths Too Many Sellers Believe
Maximum Exposure Real Estate
AUGUST 2, 2022
Home Appraisal Myths You Need to Know The home appraisal process can be nerve-wracking for many sellers. You probably already listed your home, and even received an offer, and now someone is coming in to tell you what the house is worth? Someone who can quickly state a price that sinks your sale? It only […]. The post Appraisal Myths Too Many Sellers Believe appeared first on Maximum Real Estate Exposure.
Can lower mortgage rates stop the housing recession?
Housing Wire
AUGUST 3, 2022
To say that mortgage rates have been on a wild Mr. Toad’s ride in 2022 is an understatement. In less than a year, we went from 2.78% on the 30-year fixed to as high as 6.28% , then recently got as low as 5% — only to have another move higher this week to 5.30%. People thought the mortgage rate drama in 2013-2014 was a lot when rates went from 3.5% to 4.5%.
Building Materials Prices Increase in July as Concrete Surges
Eye on Housing
AUGUST 15, 2022
The prices of building materials rose 0.4% in July (not seasonally adjusted) even as softwood lumber prices increased 2.3%, according to the latest Producer Price Index (PPI) report. Prices have surged 35.7% since January 2020, although 80% of the increase has occurred since January 2021. The PPI for goods inputs to residential construction, including energy, decreased 1.2% as the prices of.
5 Data Proven Ways Agents Can Do 18% More Business
Advertisement
Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.
How to deal with clients who are consistently late
The American Genius for Real Estate
AUGUST 2, 2022
When your day is stacked with client meetings, one late appearance can throw everything off - here's how to stay on track. The post How to deal with clients who are consistently late appeared first on The American Genius Real Estate.
Why I Should Consider a Short Sale
Realty Biz
AUGUST 29, 2022
More than 5.6 million homes were sold in the United States alone in 2020. Many more homes have been sold since then and some have even gone through short sales. But what is a short sale exactly, and how is it any different than a regular sale, bankruptcy, or foreclosure? How does a short sale affect you as a homeowner? Are there any benefits of short sales compared to other options?
$100 Off Registration for iOi Summit 2022 in Los Angeles
GeekEstate
AUGUST 22, 2022
The annual Innovation, Opportunity & Investment (iOi) Summit brings together over 500+ of the industry’s top tech companies, investors, and REALTOR® members to collaborate, network, and address concerns regarding the future of real estate. At iOi, your tech leader peers join ranks to pool talents and resources and discuss and develop essential PropTech strategies and solutions to revive the industry and drive it forward.
An Accent on Style: 5 Homes with Eye-Catching Accent Walls
Sotheby's International Real Estate
AUGUST 20, 2022
Whether they use bold colors, intriguing textures, or striking wallpaper, accent walls easily infuse a home with style and create a focal point for attention or art. Fabulous Florida Contemporary. Patricia Mahaney & JB Edwards | Sotheby’s International Realty – Palm Beach Brokerage. Nearly every space of this lofty six-bedroom contemporary residence in Palm Beach Gardens is exceptionally appointed.
How Enriching the Lives of Your Clients Leads to Greater Sales Success
Speaker: Ari Capogeannis, Director - Revenue Marketing at NVIDIA and Bill Pappa, Sales and Marketing Leader at Ai Media Group
Building strong personal and professional relationships with clients is a critical success factor. Sales professionals who focus on relationship building generate more leads and raise their brand awareness. Because this can take time, having regular engagements can help you cultivate these relationships more efficiently. The most effective way to accomplish this is through direct hyper-personalized touchpoints.
Let's personalize your content