Pending home sales flat from March to April
Low inventory combined with a lack of affordability continues to stifle spring sales nationally, though numbers were up in some regions.
May 25, 2023
AJ LaTrace
Director, News Reporting
AJ has covered real estate for the last decade as a reporter and editor for publications including Vox Media's Curbed, Chicago magazine and Business Insider. At Business Insider, AJ led the brand's coverage of how everyday people invest in real estate as a means of gaining financial independence, and he reported on big-picture trends and pain points in the broader U.S. real estate market. AJ is based in Chicago, where he also moonlights as a small-time landlord.
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- Top brokers talk industry’s biggest challenges — lawsuit and allIn a panel discussion, leaders of four fast-growing brokerages shared their thoughts on agent attrition, the commissions lawsuits and other hot topics.May 3, 2023
- RE/MAX revenue down, but mortgage business is growingThe company lost $700K and saw U.S. agent count decline in Q1, but said the results met expectations and focused on opportunities for Motto Mortgage.May 5, 2023
- CoStar’s Andy Florance takes direct aim at ZillowThe CoStar CEO said that Homes.com’s ‘Your listing, your lead’ model is better for agents and consumers.May 2, 2023
- Opendoor posts big losses but aims for positive margins by Q3The leading iBuyer lost $101 million in Q1, but that's a significant improvement over the previous quarter, and they are now "looking for stabilization."May 4, 2023
- David Doctorow: The future of Realtor.com, and this ‘moment of truth’ for agentsThe Move, Inc top exec reflects on three years in the job and shares his vision of a “pure” marketplace.May 13, 2023
- NAR mandates fair housing training for all membersThe Realtor association will now require its more than 1.5 million members to complete fair housing coursework every three years.May 12, 2023
- KW sales volume down by nearly a third, but global numbers are upKeller Williams saw overall declines in transactions and sales volume in Q1, but closed $4 billion worth of deals outside of the U.S. and Canada.May 12, 2023
- CoStar CEO's 'super simple business concept': Support agents“You do not want to think you're smarter than your customers,” Florance said on CoStar’s strategy of building Homes.com as a platform for agents and consumers.May 24, 2023
- Homes.com making big strides in portal race, but Zillow dominatesCoStar’s investment in Homes.com appears to be paying off as the home search site boasts more than 100% year-over-year growth.April 29, 2023
- 50-year Arizona real estate veteran sees blue skies aheadBrokerage leader Bill Ryan, whose firm recently joined KW, has seen tremendous growth — and a few booms and busts — over his five decades in the industry.April 26, 2023
- Over half of millennials now own a homeMillennials hit a major homeownership milestone in 2022, but they’re more likely to own a home in the Midwest versus pricey cities on the coasts.April 19, 2023
- Lack of inventory put a damper on March pending home salesThe National Association of Realtors reported the first dip in pending sales since last November as inventory remains tight.April 27, 2023
- New construction slid in March, adding to inventory woesLow inventory has kept home prices high, and builders can’t deliver new homes fast enough to meet the demand.April 18, 2023
- Existing home sales dip a modest 2.4% in MarchHome sales fell only slightly between February and March, but the year-over-year picture illustrates a more significant drop.April 20, 2023
- Baird & Warner 'snowbird' agents can follow buyers to FloridaJeff and Joanne Collis, originally based in Illinois, have been building a business in Naples, Florida while also working on deals in the Chicago suburbs.April 22, 2023
- New home sales gaining momentumThe latest U.S. Census numbers on new home sales illustrate an improving market for homebuilders, especially in the South.April 25, 2023
- CEO of fast-growing platform pitches ‘brokerage as a service’Pinnacle Realty Advisors CEO Sam Sawyer discusses his company’s model, growth trajectory and the traps they’re trying to avoid along the way.May 26, 2023
- New home sales surprisingly steady in a wobbly marketNew homes may be particularly appealing to buyers when existing home inventory is tight.May 19, 2023
- Big drops in inventory thwart California buyersCalifornia homebuyers are experiencing the worst situation in the country when it comes to new home listings.May 15, 2023
- Homes.com could become No. 2 search portal in 12 months, says CEOIn an exclusive interview, CoStar CEO Andy Florance shared his ambitious road map for Homes.com’s growth and a critique of the site's competitors.Updated May 26, 2023
- 4 of real estate's top leaders offer a look behind the curtainCEOs Andy Florance, David Doctorow, Gino Blefari and Nick Bailey shared exclusive, and sometimes controversial, insights with Real Estate News.May 27, 2023
- Existing home sales down for a second monthHome sales surged in February after a year of declines, but the momentum didn't last long. After dropping in March, sales dipped further in April.May 18, 2023
- How one agent on Instagram created a $100M sales teamWith an Instagram following of 50,000 and nearly 60 sales so far this year, the Upstate Curious team is taking over the Hudson Valley.April 21, 2023
- Buyer sentiment is up despite market challengesFannie Mae’s Home Purchase Sentiment Index saw the biggest increase in nearly a year.May 16, 2023
- Small investors continue to scoop up homesSeeking steady rent growth and affordable price points, investors were drawn to cities in the Midwest and Southeast.May 23, 2023
- Buyers most likely to turn to agents with financing questionsA survey of homebuyers reveals which parts of the financing process buyers understood the least, and how agents can add value through financial education.June 2, 2023
